DDFN vs. KMAR

Last updated Aug 5, 2026

DDFN (Innovator Equity Dual Directional 15 Buffer ETF - November) and KMAR (Innovator U.S. Small Cap Power Buffer ETF - March) are both Defined Outcome funds from Innovator. DDFN is actively managed, while KMAR is passively managed. Their 0.80 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.79% expense ratio.

Performance

DDFN vs. KMAR - 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 U.S. Small Cap Power Buffer ETF - March (KMAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DDFN achieves a 6.10% return, which is significantly lower than KMAR's 13.38% return.

DDFN

• 1D: 0.42%
• 1M: 1.39%
• 6M: 5.06%
• YTD: 6.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

KMAR

• 1D: 0.56%
• 1M: 1.35%
• 6M: 10.08%
• YTD: 13.38%
• 1Y: 23.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.90%

*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	$147.92K	$291.93K	$931.61K
KMAR Innovator U.S. Small Cap Power Buffer ETF - March	$119.64K	$74.39K	$163.01K

DDFN vs. KMAR - Yearly Performance Comparison

	2026 (YTD)	2025
DDFN Innovator Equity Dual Directional 15 Buffer ETF - November	6.10%	0.74%
KMAR Innovator U.S. Small Cap Power Buffer ETF - March	13.38%	1.98%

Correlation

The correlation between DDFN and KMAR is 0.80, 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	0.80

Return for Risk

DDFN vs. KMAR — 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.

KMAR

KMAR Risk / Return Rank: 93
KMAR Sharpe Ratio Rank: 92
KMAR Sortino Ratio Rank: 94
KMAR Omega Ratio Rank: 93
KMAR Calmar Ratio Rank: 93
KMAR Martin Ratio Rank: 94

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. KMAR - 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 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.

	DDFN	KMAR	Difference
Sharpe ratio: Return per unit of total volatility	—	2.61	—
Sortino ratio: Return per unit of downside risk	—	3.84	—
Omega ratio: Gain probability vs. loss probability	—	1.50	—
Calmar ratio: Return relative to maximum drawdown	—	4.86	—
Martin ratio: Return relative to average drawdown	—	20.55	—

Drawdowns

DDFN vs. KMAR - Drawdown Comparison

The maximum DDFN drawdown since its inception was -3.40%, smaller than the maximum KMAR drawdown of -11.32%. Use the drawdown chart below to compare losses from any high point for DDFN and KMAR.

Drawdown Indicators

	DDFN	KMAR	Difference
Max Drawdown Largest peak-to-trough decline	-3.40%	-11.32%	+7.92%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.89%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.43%	-1.26%	+0.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.16%	—

Volatility

Volatility by Period

	DDFN	KMAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.88%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.81%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.09%	9.16%	-4.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.09%	11.77%	-6.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.09%	11.77%	-6.68%

DDFN vs. KMAR - Expense Ratio Comparison

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

Dividends

DDFN vs. KMAR - Dividend Comparison

Neither DDFN nor KMAR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DDFN and KMAR in my portfolio?

DDFN and KMAR have a correlation of 0.80, 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 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, DDFN or KMAR?

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

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

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