DDFF vs. WNTR

Last updated Aug 1, 2026

DDFF (Innovator Equity Dual Directional 15 Buffer ETF - February) and WNTR (YieldMax MSTR Short Option Income Strategy ETF) are both exchange-traded funds - DDFF is a Defined Outcome fund actively managed by Innovator, while WNTR is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Their -0.53 correlation means they have often moved in opposite directions in the past. DDFF charges 0.79%/yr vs 1.00%/yr for WNTR.

Performance

DDFF vs. WNTR - 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 YieldMax MSTR Short Option Income Strategy ETF (WNTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DDFF

• 1D: 0.22%
• 1M: 0.60%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

WNTR

• 1D: 3.26%
• 1M: 8.13%
• 6M: 14.92%
• YTD: 10.75%
• 1Y: 107.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 47.89%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DDFF Innovator Equity Dual Directional 15 Buffer ETF - February	$85.90K	$147.25K	$327.77K
WNTR YieldMax MSTR Short Option Income Strategy ETF	$4.02M	$3.86M	$3.95M

DDFF vs. WNTR - Yearly Performance Comparison

	2026 (YTD)
DDFF Innovator Equity Dual Directional 15 Buffer ETF - February	3.99%
WNTR YieldMax MSTR Short Option Income Strategy ETF	14.92%

Correlation

The correlation between DDFF and WNTR is -0.53, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 2, 2026	-0.53

Return for Risk

DDFF vs. WNTR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DDFF

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

WNTR

WNTR Risk / Return Rank: 75
WNTR Sharpe Ratio Rank: 88
WNTR Sortino Ratio Rank: 74
WNTR Omega Ratio Rank: 77
WNTR Calmar Ratio Rank: 77
WNTR Martin Ratio Rank: 58

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DDFF vs. WNTR - 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 YieldMax MSTR Short Option Income Strategy ETF (WNTR). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DDFF	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	—	2.12	—
Sortino ratio: Return per unit of downside risk	—	2.37	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.71	—
Martin ratio: Return relative to average drawdown	—	6.87	—

Drawdowns

DDFF vs. WNTR - Drawdown Comparison

The maximum DDFF drawdown since its inception was -3.72%, smaller than the maximum WNTR drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for DDFF and WNTR.

Drawdown Indicators

	DDFF	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-3.72%	-42.65%	+38.93%
Max Drawdown (1Y) Largest decline over 1 year	—	-42.65%	—
Current Drawdown Current decline from peak	0.00%	-9.64%	+9.64%
Average Drawdown Average peak-to-trough decline	-0.52%	-20.18%	+19.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.81%	—

Volatility

Volatility by Period

	DDFF	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.85%	—
Volatility (6M) Calculated over the trailing 6-month period	—	47.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.38%	54.68%	-49.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.38%	53.42%	-48.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.38%	53.42%	-48.04%

DDFF vs. WNTR - Expense Ratio Comparison

DDFF has a 0.79% expense ratio, which is lower than WNTR's 1.00% expense ratio.

Dividends

DDFF vs. WNTR - Dividend Comparison

DDFF has not paid dividends to shareholders, while WNTR's dividend yield for the trailing twelve months is around 107.02%.

Position	TTM	2025
DDFF Innovator Equity Dual Directional 15 Buffer ETF - February	0.00%	0.00%
WNTR YieldMax MSTR Short Option Income Strategy ETF	107.02%	58.56%

Frequently Asked Questions

Can I hold both DDFF and WNTR in my portfolio?

DDFF and WNTR have a correlation of -0.53, 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 WNTR?

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 WNTR?

DDFF is cheaper with a 0.79% expense ratio, compared with 1.00% for WNTR.

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

WNTR has the higher dividend yield at 107.02%, compared with 0.00% for DDFF.

What is the main difference between DDFF and WNTR?

DDFF is categorized as Defined Outcome, while WNTR is Derivative Income. They also come from different issuers: Innovator and YieldMax. Their fees differ too: 0.79% for DDFF and 1.00% for WNTR.