DDFL vs. BALT
Compare and contrast key facts about Innovator Equity Dual Directional 15 Buffer ETF - July (DDFL) and Innovator Defined Wealth Shield ETF (BALT).
DDFL and BALT 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. BALT is a passively managed fund by Innovator that tracks the performance of the S&P 500. It was launched on Jun 30, 2021.
Performance
DDFL vs. BALT - Performance Comparison
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DDFL vs. BALT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DDFL Innovator Equity Dual Directional 15 Buffer ETF - July | -0.02% | 4.76% |
BALT Innovator Defined Wealth Shield ETF | -0.13% | 4.36% |
Returns By Period
In the year-to-date period, DDFL achieves a -0.02% return, which is significantly higher than BALT's -0.13% return.
DDFL
- 1D
- 0.90%
- 1M
- -0.56%
- YTD
- -0.02%
- 6M
- 1.73%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BALT
- 1D
- 0.10%
- 1M
- -0.87%
- YTD
- -0.13%
- 6M
- 1.97%
- 1Y
- 6.64%
- 3Y*
- 7.11%
- 5Y*
- —
- 10Y*
- —
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DDFL vs. BALT - Expense Ratio Comparison
DDFL has a 0.79% expense ratio, which is higher than BALT's 0.69% expense ratio.
Return for Risk
DDFL vs. BALT — Risk / Return Rank
DDFL
BALT
DDFL vs. BALT - 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 Innovator Defined Wealth Shield ETF (BALT). 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.
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Sharpe Ratios by Period
| DDFL | BALT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.83 | 1.70 | +0.13 |
Correlation
The correlation between DDFL and BALT is 0.69, 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. BALT - Dividend Comparison
Neither DDFL nor BALT has paid dividends to shareholders.
Drawdowns
DDFL vs. BALT - Drawdown Comparison
The maximum DDFL drawdown since its inception was -1.63%, smaller than the maximum BALT drawdown of -4.89%. Use the drawdown chart below to compare losses from any high point for DDFL and BALT.
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Drawdown Indicators
| DDFL | BALT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.63% | -4.89% | +3.26% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.48% | — |
Current DrawdownCurrent decline from peak | -0.75% | -1.05% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -0.35% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.52% | — |
Volatility
DDFL vs. BALT - Volatility Comparison
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Volatility by Period
| DDFL | BALT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.61% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.84% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.50% | 4.48% | -0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.50% | 3.36% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.50% | 3.36% | +0.14% |