DDFM vs. XTAP

Last updated Jul 11, 2026

DDFM (Innovator Equity Dual Directional 15 Buffer ETF - March) and XTAP (Innovator U.S. Equity Accelerated Plus ETF) are both exchange-traded funds - DDFM is a Defined Outcome fund tracking the SPDR S&P 500 ETF Trust (SPY), while XTAP is a Leveraged Equities fund actively managed by Innovator. DDFM is passively managed, while XTAP is actively managed. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.79% expense ratio.

Performance

DDFM vs. XTAP - 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. Equity Accelerated Plus ETF (XTAP). 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*: —

XTAP

• 1D: 0.13%
• 1M: 1.77%
• 6M: 11.70%
• YTD: 12.07%
• 1Y: 18.78%
• 3Y*: 17.17%
• 5Y*: 10.75%
• 10Y*: —

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

DDFM vs. XTAP - Yearly Performance Comparison

	2026 (YTD)
DDFM Innovator Equity Dual Directional 15 Buffer ETF - March	3.44%
XTAP Innovator U.S. Equity Accelerated Plus ETF	10.95%

Correlation

The correlation between DDFM and XTAP is 0.76, 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	0.76

Return for Risk

DDFM vs. XTAP — 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.

XTAP

XTAP Risk / Return Rank: 98
XTAP Sharpe Ratio Rank: 97
XTAP Sortino Ratio Rank: 98
XTAP Omega Ratio Rank: 98
XTAP Calmar Ratio Rank: 98
XTAP Martin Ratio Rank: 98

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. XTAP - 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. Equity Accelerated Plus ETF (XTAP). 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	XTAP	Difference
Sharpe ratio: Return per unit of total volatility	—	3.90	—
Sortino ratio: Return per unit of downside risk	—	6.49	—
Omega ratio: Gain probability vs. loss probability	—	2.00	—
Calmar ratio: Return relative to maximum drawdown	—	10.81	—
Martin ratio: Return relative to average drawdown	—	57.45	—

Drawdowns

DDFM vs. XTAP - Drawdown Comparison

The maximum DDFM drawdown since its inception was -3.49%, smaller than the maximum XTAP drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for DDFM and XTAP.

Drawdown Indicators

	DDFM	XTAP	Difference
Max Drawdown Largest peak-to-trough decline	-3.49%	-22.13%	+18.64%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.72%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.83%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.13%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.57%	-3.40%	+2.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.32%	—

Volatility

Volatility by Period

	DDFM	XTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.87%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.80%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.60%	4.76%	+0.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.60%	14.54%	-8.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.60%	14.30%	-8.70%

DDFM vs. XTAP - Expense Ratio Comparison

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

Dividends

DDFM vs. XTAP - Dividend Comparison

Neither DDFM nor XTAP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DDFM and XTAP in my portfolio?

DDFM and XTAP have a correlation of 0.76, 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 XTAP?

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 XTAP?

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

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

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

What is the main difference between DDFM and XTAP?

DDFM is categorized as Defined Outcome, while XTAP is Leveraged Equities.