DDFL vs. LOUP

Last updated Apr 1, 2026

Compare and contrast key facts about Innovator Equity Dual Directional 15 Buffer ETF - July (DDFL) and Innovator Deepwater Frontier Tech ETF (LOUP).

DDFL and LOUP 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. LOUP is a passively managed fund by Innovator that tracks the performance of the Deepwater Frontier Tech Index. It was launched on Jul 24, 2018.

Performance

DDFL vs. LOUP - 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 Deepwater Frontier Tech ETF (LOUP). The values are adjusted to include any dividend payments, if applicable.

DDFL vs. LOUP - Yearly Performance Comparison

	2026 (YTD)	2025
DDFL Innovator Equity Dual Directional 15 Buffer ETF - July	-0.02%	4.76%
LOUP Innovator Deepwater Frontier Tech ETF	-9.90%	25.25%

Returns By Period

In the year-to-date period, DDFL achieves a -0.02% return, which is significantly higher than LOUP's -9.90% return.

DDFL

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

LOUP

• 1D: 5.39%
• 1M: -8.01%
• YTD: -9.90%
• 6M: -6.82%
• 1Y: 51.60%
• 3Y*: 24.76%
• 5Y*: 4.49%
• 10Y*: —

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

DDFL vs. LOUP - Expense Ratio Comparison

DDFL has a 0.79% expense ratio, which is higher than LOUP's 0.70% expense ratio.

DDFL

Innovator Equity Dual Directional 15 Buffer ETF - July

LOUP

Innovator Deepwater Frontier Tech ETF

Return for Risk

DDFL vs. LOUP — Risk / Return Rank

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

LOUP

LOUP Risk / Return Rank: 80
LOUP Sharpe Ratio Rank: 80
LOUP Sortino Ratio Rank: 81
LOUP Omega Ratio Rank: 77
LOUP Calmar Ratio Rank: 83
LOUP Martin Ratio Rank: 77

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. LOUP - 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 Deepwater Frontier Tech ETF (LOUP). 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	LOUP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.48	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.14	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.83	0.44	+1.39

Correlation

The correlation between DDFL and LOUP is 0.67, 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. LOUP - Dividend Comparison

Neither DDFL nor LOUP has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

DDFL vs. LOUP - Drawdown Comparison

The maximum DDFL drawdown since its inception was -1.63%, smaller than the maximum LOUP drawdown of -58.68%. Use the drawdown chart below to compare losses from any high point for DDFL and LOUP.

Drawdown Indicators

	DDFL	LOUP	Difference
Max Drawdown Largest peak-to-trough decline	-1.63%	-58.68%	+57.05%
Max Drawdown (1Y) Largest decline over 1 year	—	-21.00%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-55.63%	—
Current Drawdown Current decline from peak	-0.75%	-16.74%	+15.99%
Average Drawdown Average peak-to-trough decline	-0.22%	-20.42%	+20.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.07%	—

Volatility

Volatility by Period

	DDFL	LOUP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.91%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.85%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.50%	35.07%	-31.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.50%	32.19%	-28.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.50%	31.98%	-28.48%