DDFJ vs. QB

Last updated Jun 6, 2026

DDFJ (Innovator Equity Dual Directional 15 Buffer ETF - January) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both Defined Outcome funds. DDFJ is actively managed, while QB is passively managed. A 0.67 correlation means they provide meaningful diversification when combined. DDFJ charges 0.79%/yr vs 0.58%/yr for QB.

Performance

DDFJ vs. QB - 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 ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB). 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*: —

QB

• 1D: -3.00%
• 1M: -1.90%
• YTD: 6.95%
• 6M: 6.54%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DDFJ vs. QB - Yearly Performance Comparison

	2026 (YTD)
DDFJ Innovator Equity Dual Directional 15 Buffer ETF - January	3.11%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	6.88%

Correlation

The correlation between DDFJ and QB is 0.67, 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	0.67

DDFJ vs. QB - Sectors Allocation Comparison

Sectors	DDFJ	QB
Technology	36.2%	49.9%
Financial Services	11.9%	0.2%
Communication Services	10.9%	16.4%
Consumer Cyclical	10.1%	12.5%
Healthcare	8.4%	5.3%
Industrials	8.1%	3.7%
Consumer Defensive	4.9%	8.6%
Energy	3.5%	0.6%
Utilities	2.3%	1.6%
Real Estate	1.9%	0.1%
Basic Materials	1.8%	1.3%

Return for Risk

DDFJ vs. QB - 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 ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB). 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	QB	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.30	2.15	-0.85

Drawdowns

DDFJ vs. QB - Drawdown Comparison

The maximum DDFJ drawdown since its inception was -3.34%, roughly equal to the maximum QB drawdown of -3.47%. Use the drawdown chart below to compare losses from any high point for DDFJ and QB.

Drawdown Indicators

	DDFJ	QB	Difference
Max Drawdown Largest peak-to-trough decline	-3.34%	-3.47%	+0.13%
Current Drawdown Current decline from peak	-0.78%	-3.47%	+2.69%
Average Drawdown Average peak-to-trough decline	-0.51%	-0.36%	-0.15%

Volatility

Volatility by Period

	DDFJ	QB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	5.83%	6.54%	-0.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.83%	6.54%	-0.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.83%	6.54%	-0.71%

DDFJ vs. QB - Expense Ratio Comparison

DDFJ has a 0.79% expense ratio, which is higher than QB's 0.58% expense ratio.

Dividends

DDFJ vs. QB - Dividend Comparison

DDFJ has not paid dividends to shareholders, while QB's dividend yield for the trailing twelve months is around 0.64%.

Position	TTM	2025
DDFJ Innovator Equity Dual Directional 15 Buffer ETF - January	0.00%	0.00%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.64%	0.48%

Frequently Asked Questions

Can I hold both DDFJ and QB in my portfolio?

DDFJ and QB have a correlation of 0.67, 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 QB?

On fees, QB is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDFJ or QB?

QB is cheaper with a 0.58% expense ratio, compared with 0.79% for DDFJ.

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

QB has the higher dividend yield at 0.64%, compared with 0.00% for DDFJ.

What is the main difference between DDFJ and QB?

They also come from different issuers: Innovator and ProShares. Their fees differ too: 0.79% for DDFJ and 0.58% for QB.