DDFN vs. MSOO

Last updated Jul 16, 2026

DDFN (Innovator Equity Dual Directional 15 Buffer ETF - November) and MSOO (Leverage Shares 2x Capped Accelerated MSTR Monthly ETF) are both Defined Outcome funds. Both are actively managed. At a 0.41 correlation, their price movements are largely independent. DDFN charges 0.79%/yr vs 0.78%/yr for MSOO.

Performance

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

Returns By Period

In the year-to-date period, DDFN achieves a 5.27% return, which is significantly higher than MSOO's -26.25% return.

DDFN

• 1D: 0.00%
• 1M: 0.47%
• 6M: 4.71%
• YTD: 5.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSOO

• 1D: 0.00%
• 1M: -6.30%
• 6M: -35.21%
• YTD: -26.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DDFN vs. MSOO - Yearly Performance Comparison

	2026 (YTD)	2025
DDFN Innovator Equity Dual Directional 15 Buffer ETF - November	5.27%	0.74%
MSOO Leverage Shares 2x Capped Accelerated MSTR Monthly ETF	-26.25%	-44.11%

Correlation

The correlation between DDFN and MSOO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 3, 2025	0.41

Return for Risk

DDFN vs. MSOO - 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 Leverage Shares 2x Capped Accelerated MSTR Monthly ETF (MSOO). 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.

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

Drawdowns

DDFN vs. MSOO - Drawdown Comparison

The maximum DDFN drawdown since its inception was -3.40%, smaller than the maximum MSOO drawdown of -73.17%. Use the drawdown chart below to compare losses from any high point for DDFN and MSOO.

Drawdown Indicators

	DDFN	MSOO	Difference
Max Drawdown Largest peak-to-trough decline	-3.40%	-73.17%	+69.77%
Current Drawdown Current decline from peak	0.00%	-71.52%	+71.52%
Average Drawdown Average peak-to-trough decline	-0.45%	-50.84%	+50.39%

Volatility

Volatility by Period

	DDFN	MSOO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	5.17%	66.83%	-61.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.17%	66.83%	-61.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.17%	66.83%	-61.66%

DDFN vs. MSOO - Expense Ratio Comparison

DDFN has a 0.79% expense ratio, which is higher than MSOO's 0.78% expense ratio.

Dividends

DDFN vs. MSOO - Dividend Comparison

DDFN has not paid dividends to shareholders, while MSOO's dividend yield for the trailing twelve months is around 2.20%.

Position	TTM	2025
DDFN Innovator Equity Dual Directional 15 Buffer ETF - November	0.00%	0.00%
MSOO Leverage Shares 2x Capped Accelerated MSTR Monthly ETF	2.20%	1.63%

Frequently Asked Questions

Can I hold both DDFN and MSOO in my portfolio?

DDFN and MSOO have a correlation of 0.41, 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 MSOO?

On fees, MSOO is cheaper at 0.78% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDFN or MSOO?

MSOO is cheaper with a 0.78% expense ratio, compared with 0.79% for DDFN.

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

MSOO has the higher dividend yield at 2.20%, compared with 0.00% for DDFN.

What is the main difference between DDFN and MSOO?

They also come from different issuers: Innovator and Leverage Shares. Their fees differ too: 0.79% for DDFN and 0.78% for MSOO.