DDFL vs. KAPR

Last updated Apr 1, 2026

Compare and contrast key facts about Innovator Equity Dual Directional 15 Buffer ETF - July (DDFL) and Innovator Russell 2000 Power Buffer ETF - April (KAPR).

DDFL and KAPR 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. KAPR is a passively managed fund by Innovator that tracks the performance of the Russell 2000 Index. It was launched on Mar 31, 2020.

Performance

DDFL vs. KAPR - 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 Innovator Russell 2000 Power Buffer ETF - April (KAPR). The values are adjusted to include any dividend payments, if applicable.

DDFL vs. KAPR - Yearly Performance Comparison

	2026 (YTD)	2025
DDFL Innovator Equity Dual Directional 15 Buffer ETF - July	-0.02%	4.76%
KAPR Innovator Russell 2000 Power Buffer ETF - April	3.19%	8.16%

Returns By Period

In the year-to-date period, DDFL achieves a -0.02% return, which is significantly lower than KAPR's 3.19% return.

DDFL

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

KAPR

• 1D: 0.62%
• 1M: 1.14%
• YTD: 3.19%
• 6M: 5.99%
• 1Y: 17.50%
• 3Y*: 10.87%
• 5Y*: 6.01%
• 10Y*: —

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

DDFL vs. KAPR - Expense Ratio Comparison

Both DDFL and KAPR have an expense ratio of 0.79%.

DDFL

Innovator Equity Dual Directional 15 Buffer ETF - July

KAPR

Innovator Russell 2000 Power Buffer ETF - April

Return for Risk

DDFL vs. KAPR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KAPR

KAPR Risk / Return Rank: 87
KAPR Sharpe Ratio Rank: 85
KAPR Sortino Ratio Rank: 88
KAPR Omega Ratio Rank: 93
KAPR Calmar Ratio Rank: 77
KAPR Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DDFL vs. KAPR - 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 Russell 2000 Power Buffer ETF - April (KAPR). 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	KAPR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.72	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.83	0.73	+1.10

Correlation

The correlation between DDFL and KAPR 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. KAPR - Dividend Comparison

Neither DDFL nor KAPR has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

DDFL vs. KAPR - Drawdown Comparison

The maximum DDFL drawdown since its inception was -1.63%, smaller than the maximum KAPR drawdown of -16.91%. Use the drawdown chart below to compare losses from any high point for DDFL and KAPR.

Drawdown Indicators

	DDFL	KAPR	Difference
Max Drawdown Largest peak-to-trough decline	-1.63%	-16.91%	+15.28%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.39%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.91%	—
Current Drawdown Current decline from peak	-0.75%	0.00%	-0.75%
Average Drawdown Average peak-to-trough decline	-0.22%	-4.02%	+3.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.37%	—

Volatility

Volatility by Period

	DDFL	KAPR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.70%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.93%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.50%	10.19%	-6.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.50%	11.77%	-8.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.50%	11.72%	-8.22%