DDFJ vs. NVDO

Last updated Jun 6, 2026

DDFJ (Innovator Equity Dual Directional 15 Buffer ETF - January) and NVDO (Leverage Shares 2x Capped Accelerated NVDA Monthly ETF) are both Defined Outcome funds. Both are actively managed. A 0.60 correlation means they provide meaningful diversification when combined. DDFJ charges 0.79%/yr vs 0.77%/yr for NVDO.

Performance

DDFJ vs. NVDO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Dual Directional 15 Buffer ETF - January (DDFJ) and Leverage Shares 2x Capped Accelerated NVDA Monthly ETF (NVDO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DDFJ

• 1D: -0.78%
• 1M: 0.36%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDO

• 1D: -5.25%
• 1M: 6.30%
• YTD: 14.63%
• 6M: 23.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DDFJ vs. NVDO - Yearly Performance Comparison

	2026 (YTD)
DDFJ Innovator Equity Dual Directional 15 Buffer ETF - January	3.11%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	13.51%

Correlation

The correlation between DDFJ and NVDO is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 5, 2026	0.60

Return for Risk

DDFJ vs. NVDO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Dual Directional 15 Buffer ETF - January (DDFJ) and Leverage Shares 2x Capped Accelerated NVDA Monthly ETF (NVDO). 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

	DDFJ	NVDO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.30	1.08	+0.22

Drawdowns

DDFJ vs. NVDO - Drawdown Comparison

The maximum DDFJ drawdown since its inception was -3.34%, smaller than the maximum NVDO drawdown of -16.25%. Use the drawdown chart below to compare losses from any high point for DDFJ and NVDO.

Drawdown Indicators

	DDFJ	NVDO	Difference
Max Drawdown Largest peak-to-trough decline	-3.34%	-16.25%	+12.91%
Current Drawdown Current decline from peak	-0.78%	-6.14%	+5.36%
Average Drawdown Average peak-to-trough decline	-0.51%	-4.97%	+4.46%

Volatility

Volatility by Period

	DDFJ	NVDO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	5.83%	32.39%	-26.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.83%	32.39%	-26.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.83%	32.39%	-26.56%

DDFJ vs. NVDO - Expense Ratio Comparison

DDFJ has a 0.79% expense ratio, which is higher than NVDO's 0.77% expense ratio.

Dividends

DDFJ vs. NVDO - Dividend Comparison

DDFJ has not paid dividends to shareholders, while NVDO's dividend yield for the trailing twelve months is around 14.53%.

Position	TTM	2025
DDFJ Innovator Equity Dual Directional 15 Buffer ETF - January	0.00%	0.00%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	14.53%	16.66%

Frequently Asked Questions

Can I hold both DDFJ and NVDO in my portfolio?

DDFJ and NVDO have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DDFJ or NVDO?

On fees, NVDO is cheaper at 0.77% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDFJ or NVDO?

NVDO is cheaper with a 0.77% expense ratio, compared with 0.79% for DDFJ.

Which ETF pays a higher dividend yield, DDFJ or NVDO?

NVDO has the higher dividend yield at 14.53%, compared with 0.00% for DDFJ.

What is the main difference between DDFJ and NVDO?

They also come from different issuers: Innovator and Leverage Shares. Their fees differ too: 0.79% for DDFJ and 0.77% for NVDO.