DDFM vs. NVDO

Last updated Jun 5, 2026

DDFM (Innovator Equity Dual Directional 15 Buffer ETF - March) and NVDO (Leverage Shares 2x Capped Accelerated NVDA Monthly ETF) are both Defined Outcome funds. DDFM is passively managed, while NVDO is actively managed. A 0.67 correlation means they provide meaningful diversification when combined. DDFM charges 0.79%/yr vs 0.77%/yr for NVDO.

Performance

DDFM vs. NVDO - 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 Leverage Shares 2x Capped Accelerated NVDA Monthly ETF (NVDO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DDFM

• 1D: 0.10%
• 1M: 1.05%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDO

• 1D: 1.80%
• 1M: 17.25%
• YTD: 20.98%
• 6M: 29.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DDFM vs. NVDO - Yearly Performance Comparison

	2026 (YTD)
DDFM Innovator Equity Dual Directional 15 Buffer ETF - March	3.27%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	20.92%

Correlation

The correlation between DDFM and NVDO is 0.67, 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 3, 2026	0.67

Return for Risk

DDFM vs. NVDO - 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 Leverage Shares 2x Capped Accelerated NVDA Monthly ETF (NVDO). 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

	DDFM	NVDO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.24	1.39	+0.84

Drawdowns

DDFM vs. NVDO - Drawdown Comparison

The maximum DDFM drawdown since its inception was -3.09%, smaller than the maximum NVDO drawdown of -16.25%. Use the drawdown chart below to compare losses from any high point for DDFM and NVDO.

Drawdown Indicators

	DDFM	NVDO	Difference
Max Drawdown Largest peak-to-trough decline	-3.09%	-16.25%	+13.16%
Current Drawdown Current decline from peak	0.00%	-0.93%	+0.93%
Average Drawdown Average peak-to-trough decline	-0.52%	-4.97%	+4.45%

Volatility

Volatility by Period

	DDFM	NVDO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	5.89%	31.91%	-26.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.89%	31.91%	-26.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.89%	31.91%	-26.02%

DDFM vs. NVDO - Expense Ratio Comparison

DDFM has a 0.79% expense ratio, which is higher than NVDO's 0.77% expense ratio.

Dividends

DDFM vs. NVDO - Dividend Comparison

DDFM has not paid dividends to shareholders, while NVDO's dividend yield for the trailing twelve months is around 13.77%.

Position	TTM	2025
DDFM Innovator Equity Dual Directional 15 Buffer ETF - March	0.00%	0.00%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	13.77%	16.66%

Frequently Asked Questions

Can I hold both DDFM and NVDO in my portfolio?

DDFM and NVDO have a correlation of 0.67, 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 NVDO?

On fees, NVDO is cheaper at 0.77% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDFM or NVDO?

NVDO is cheaper with a 0.77% expense ratio, compared with 0.79% for DDFM.

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

NVDO has the higher dividend yield at 13.77%, compared with 0.00% for DDFM.

What is the main difference between DDFM and NVDO?

They also come from different issuers: Innovator and Leverage Shares. Their fees differ too: 0.79% for DDFM and 0.77% for NVDO.