DDFN vs. EAPR

Last updated Aug 4, 2026

DDFN (Innovator Equity Dual Directional 15 Buffer ETF - November) and EAPR (Innovator Emerging Markets Power Buffer ETF - April) are both Defined Outcome funds from Innovator. DDFN is actively managed, while EAPR is passively managed. Their 0.56 correlation means they have sometimes moved together and sometimes differently. DDFN charges 0.79%/yr vs 0.89%/yr for EAPR.

Performance

DDFN vs. EAPR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Dual Directional 15 Buffer ETF - November (DDFN) and Innovator Emerging Markets Power Buffer ETF - April (EAPR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DDFN achieves a 5.66% return, which is significantly lower than EAPR's 9.39% return.

DDFN

• 1D: 0.22%
• 1M: 0.97%
• 6M: 4.73%
• YTD: 5.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

EAPR

• 1D: 0.20%
• 1M: 0.52%
• 6M: 8.39%
• YTD: 9.39%
• 1Y: 15.98%
• 3Y*: 9.08%
• 5Y*: 5.30%
• 10Y*: —
• ALL TIME*: 4.87%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DDFN Innovator Equity Dual Directional 15 Buffer ETF - November	$131.99K	$287.51K	$930.09K
EAPR Innovator Emerging Markets Power Buffer ETF - April	$350.08K	$258.47K	$463.39K

DDFN vs. EAPR - Yearly Performance Comparison

	2026 (YTD)	2025
DDFN Innovator Equity Dual Directional 15 Buffer ETF - November	5.66%	0.74%
EAPR Innovator Emerging Markets Power Buffer ETF - April	9.39%	1.16%

Correlation

The correlation between DDFN and EAPR is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 3, 2025	0.56

DDFN vs. EAPR - Sectors Allocation Comparison

Sectors	DDFN	EAPR
Technology	37.9%	45.2%
Financial Services	11.7%	18.5%
Communication Services	10.0%	6.0%
Consumer Cyclical	9.6%	7.5%
Healthcare	9.1%	2.5%
Industrials	8.4%	6.3%
Consumer Defensive	4.6%	2.6%
Energy	3.0%	3.2%
Utilities	2.3%	1.8%
Real Estate	1.9%	1.0%
Basic Materials	1.7%	5.5%

Return for Risk

DDFN vs. EAPR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DDFN

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

EAPR

EAPR Risk / Return Rank: 78
EAPR Sharpe Ratio Rank: 69
EAPR Sortino Ratio Rank: 71
EAPR Omega Ratio Rank: 88
EAPR Calmar Ratio Rank: 80
EAPR Martin Ratio Rank: 85

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DDFN vs. EAPR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Dual Directional 15 Buffer ETF - November (DDFN) and Innovator Emerging Markets Power Buffer ETF - April (EAPR). 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.

	DDFN	EAPR	Difference
Sharpe ratio: Return per unit of total volatility	—	1.67	—
Sortino ratio: Return per unit of downside risk	—	2.44	—
Omega ratio: Gain probability vs. loss probability	—	1.41	—
Calmar ratio: Return relative to maximum drawdown	—	3.04	—
Martin ratio: Return relative to average drawdown	—	12.81	—

Drawdowns

DDFN vs. EAPR - Drawdown Comparison

The maximum DDFN drawdown since its inception was -3.40%, smaller than the maximum EAPR drawdown of -17.65%. Use the drawdown chart below to compare losses from any high point for DDFN and EAPR.

Drawdown Indicators

	DDFN	EAPR	Difference
Max Drawdown Largest peak-to-trough decline	-3.40%	-17.65%	+14.25%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.28%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-10.24%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.34%	—
Current Drawdown Current decline from peak	0.00%	-2.58%	+2.58%
Average Drawdown Average peak-to-trough decline	-0.44%	-4.02%	+3.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.25%	—

Volatility

Volatility by Period

	DDFN	EAPR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.37%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.26%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.09%	9.64%	-4.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.09%	10.41%	-5.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.09%	10.29%	-5.20%

DDFN vs. EAPR - Expense Ratio Comparison

DDFN has a 0.79% expense ratio, which is lower than EAPR's 0.89% expense ratio.

Dividends

DDFN vs. EAPR - Dividend Comparison

Neither DDFN nor EAPR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DDFN and EAPR in my portfolio?

DDFN and EAPR have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DDFN or EAPR?

On fees, DDFN is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDFN or EAPR?

DDFN is cheaper with a 0.79% expense ratio, compared with 0.89% for EAPR.

Which ETF pays a higher dividend yield, DDFN or EAPR?

DDFN and EAPR have nearly identical dividend yields, around 0.00%.

What is the main difference between DDFN and EAPR?

Their fees differ too: 0.79% for DDFN and 0.89% for EAPR.