DDFL vs. AIOO

Last updated Apr 1, 2026

Compare and contrast key facts about Innovator Equity Dual Directional 15 Buffer ETF - July (DDFL) and AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO).

DDFL and AIOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DDFL is an actively managed fund by Innovator. It was launched on Jun 30, 2025. AIOO is an actively managed fund by Allianz. It was launched on Jun 30, 2025.

Performance

DDFL vs. AIOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Dual Directional 15 Buffer ETF - July (DDFL) and AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO). The values are adjusted to include any dividend payments, if applicable.

DDFL vs. AIOO - Yearly Performance Comparison

	2026 (YTD)	2025
DDFL Innovator Equity Dual Directional 15 Buffer ETF - July	-0.02%	4.76%
AIOO AllianzIM U.S. Equity Buffer100 Protection ETF	0.01%	2.67%

Returns By Period

In the year-to-date period, DDFL achieves a -0.02% return, which is significantly lower than AIOO's 0.01% return.

DDFL

• 1D: 0.90%
• 1M: -0.56%
• YTD: -0.02%
• 6M: 1.73%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AIOO

• 1D: 0.08%
• 1M: -0.25%
• YTD: 0.01%
• 6M: 0.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DDFL vs. AIOO - Expense Ratio Comparison

DDFL has a 0.79% expense ratio, which is higher than AIOO's 0.64% expense ratio.

DDFL

Innovator Equity Dual Directional 15 Buffer ETF - July

AIOO

AllianzIM U.S. Equity Buffer100 Protection ETF

Return for Risk

DDFL vs. AIOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Dual Directional 15 Buffer ETF - July (DDFL) and AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO). 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

	DDFL	AIOO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.83	1.82	+0.01

Correlation

The correlation between DDFL and AIOO is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

DDFL vs. AIOO - Dividend Comparison

Neither DDFL nor AIOO has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

DDFL vs. AIOO - Drawdown Comparison

The maximum DDFL drawdown since its inception was -1.63%, which is greater than AIOO's maximum drawdown of -0.74%. Use the drawdown chart below to compare losses from any high point for DDFL and AIOO.

Drawdown Indicators

	DDFL	AIOO	Difference
Max Drawdown Largest peak-to-trough decline	-1.63%	-0.74%	-0.89%
Current Drawdown Current decline from peak	-0.75%	-0.45%	-0.30%
Average Drawdown Average peak-to-trough decline	-0.22%	-0.19%	-0.03%

Volatility

Volatility by Period

	DDFL	AIOO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.50%	1.99%	+1.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.50%	1.99%	+1.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.50%	1.99%	+1.51%