DDFF vs. USOY

Last updated Jun 6, 2026

DDFF (Innovator Equity Dual Directional 15 Buffer ETF - February) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - DDFF is a Defined Outcome fund actively managed by Innovator, while USOY is a Derivative Income fund actively managed by Defiance. Both are actively managed. At a correlation of -0.36, they often move in opposite directions. DDFF charges 0.79%/yr vs 1.22%/yr for USOY.

Performance

DDFF vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Dual Directional 15 Buffer ETF - February (DDFF) and Defiance Oil Enhanced Options Income ETF (USOY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DDFF

• 1D: -0.75%
• 1M: 0.25%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USOY

• 1D: -1.67%
• 1M: 1.06%
• YTD: 56.61%
• 6M: 52.27%
• 1Y: 51.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DDFF vs. USOY - Yearly Performance Comparison

	2026 (YTD)
DDFF Innovator Equity Dual Directional 15 Buffer ETF - February	2.54%
USOY Defiance Oil Enhanced Options Income ETF	47.28%

Correlation

The correlation between DDFF and USOY is -0.36, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 3, 2026	-0.36

Return for Risk

DDFF vs. USOY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

USOY

USOY Risk / Return Rank: 53
USOY Sharpe Ratio Rank: 51
USOY Sortino Ratio Rank: 44
USOY Omega Ratio Rank: 53
USOY Calmar Ratio Rank: 75
USOY Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DDFF vs. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Dual Directional 15 Buffer ETF - February (DDFF) and Defiance Oil Enhanced Options Income ETF (USOY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	DDFF	USOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.30	0.91	+0.39

Drawdowns

DDFF vs. USOY - Drawdown Comparison

The maximum DDFF drawdown since its inception was -3.72%, smaller than the maximum USOY drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for DDFF and USOY.

Drawdown Indicators

	DDFF	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-3.72%	-17.46%	+13.74%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.29%	—
Current Drawdown Current decline from peak	-0.80%	-8.37%	+7.57%
Average Drawdown Average peak-to-trough decline	-0.62%	-6.47%	+5.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.45%	—

Volatility

Volatility by Period

	DDFF	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.70%	—
Volatility (6M) Calculated over the trailing 6-month period	—	27.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.90%	30.56%	-24.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.90%	26.14%	-20.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.90%	26.14%	-20.24%

DDFF vs. USOY - Expense Ratio Comparison

DDFF has a 0.79% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

DDFF vs. USOY - Dividend Comparison

DDFF has not paid dividends to shareholders, while USOY's dividend yield for the trailing twelve months is around 57.61%.

Position	TTM	2025	2024
DDFF Innovator Equity Dual Directional 15 Buffer ETF - February	0.00%	0.00%	0.00%
USOY Defiance Oil Enhanced Options Income ETF	57.61%	104.32%	48.60%

Frequently Asked Questions

Can I hold both DDFF and USOY in my portfolio?

DDFF and USOY have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DDFF or USOY?

On fees, DDFF is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDFF or USOY?

DDFF is cheaper with a 0.79% expense ratio, compared with 1.22% for USOY.

Which ETF pays a higher dividend yield, DDFF or USOY?

USOY has the higher dividend yield at 57.61%, compared with 0.00% for DDFF.

What is the main difference between DDFF and USOY?

DDFF is categorized as Defined Outcome, while USOY is Derivative Income. They also come from different issuers: Innovator and Defiance. Their fees differ too: 0.79% for DDFF and 1.22% for USOY.