DDFM vs. KMAR

Last updated Jul 11, 2026

DDFM (Innovator Equity Dual Directional 15 Buffer ETF - March) and KMAR (Innovator U.S. Small Cap Power Buffer ETF - March) are both Defined Outcome funds from Innovator - DDFM tracks the SPDR S&P 500 ETF Trust (SPY) while KMAR tracks the iShares Russell 2000 ETF (IWM) Price Return. Both are passively managed. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.79% expense ratio.

Performance

DDFM vs. KMAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Dual Directional 15 Buffer ETF - March (DDFM) and Innovator U.S. Small Cap Power Buffer ETF - March (KMAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DDFM

• 1D: 0.20%
• 1M: 0.71%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KMAR

• 1D: -0.12%
• 1M: 1.27%
• 6M: 9.31%
• YTD: 11.85%
• 1Y: 21.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DDFM vs. KMAR - Yearly Performance Comparison

	2026 (YTD)
DDFM Innovator Equity Dual Directional 15 Buffer ETF - March	3.44%
KMAR Innovator U.S. Small Cap Power Buffer ETF - March	7.26%

Correlation

The correlation between DDFM and KMAR is 0.79, 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 Mar 2, 2026	0.79

Return for Risk

DDFM vs. KMAR — Risk / Return Rank

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

DDFM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

KMAR

KMAR Risk / Return Rank: 89
KMAR Sharpe Ratio Rank: 87
KMAR Sortino Ratio Rank: 89
KMAR Omega Ratio Rank: 87
KMAR Calmar Ratio Rank: 90
KMAR 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.

DDFM vs. KMAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Dual Directional 15 Buffer ETF - March (DDFM) and Innovator U.S. Small Cap Power Buffer ETF - March (KMAR). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DDFM	KMAR	Difference
Sharpe ratio: Return per unit of total volatility	—	2.25	—
Sortino ratio: Return per unit of downside risk	—	3.31	—
Omega ratio: Gain probability vs. loss probability	—	1.42	—
Calmar ratio: Return relative to maximum drawdown	—	4.27	—
Martin ratio: Return relative to average drawdown	—	17.54	—

Drawdowns

DDFM vs. KMAR - Drawdown Comparison

The maximum DDFM drawdown since its inception was -3.49%, smaller than the maximum KMAR drawdown of -11.32%. Use the drawdown chart below to compare losses from any high point for DDFM and KMAR.

Drawdown Indicators

	DDFM	KMAR	Difference
Max Drawdown Largest peak-to-trough decline	-3.49%	-11.32%	+7.83%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.89%	—
Current Drawdown Current decline from peak	0.00%	-0.32%	+0.32%
Average Drawdown Average peak-to-trough decline	-0.57%	-1.30%	+0.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.19%	—

Volatility

Volatility by Period

	DDFM	KMAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.13%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.69%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.60%	9.29%	-3.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.60%	11.98%	-6.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.60%	11.98%	-6.38%

DDFM vs. KMAR - Expense Ratio Comparison

Both DDFM and KMAR have an expense ratio of 0.79%.

Dividends

DDFM vs. KMAR - Dividend Comparison

Neither DDFM nor KMAR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DDFM and KMAR in my portfolio?

DDFM and KMAR have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DDFM or KMAR?

Both ETFs have the same 0.79% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDFM or KMAR?

DDFM and KMAR have the same expense ratio: 0.79% per year.

Which ETF pays a higher dividend yield, DDFM or KMAR?

DDFM and KMAR have nearly identical dividend yields, around 0.00%.

What is the main difference between DDFM and KMAR?

DDFM tracks SPDR S&P 500 ETF Trust (SPY), while KMAR tracks iShares Russell 2000 ETF (IWM) Price Return.