DDFO vs. BPH

Last updated Jun 6, 2026

DDFO (Innovator Equity Dual Directional 15 Buffer ETF - October) and BPH (BP p.l.c. ADRhedged ETF) are both exchange-traded funds - DDFO is a Defined Outcome fund tracking the SPDR S&P 500 ETF Trust, while BPH is a Oil & Gas fund actively managed by Precidian. DDFO is passively managed, while BPH is actively managed. At a 0.33 correlation, their price movements are largely independent. DDFO charges 0.79%/yr vs 0.19%/yr for BPH.

Performance

DDFO vs. BPH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Dual Directional 15 Buffer ETF - October (DDFO) and BP p.l.c. ADRhedged ETF (BPH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DDFO

• 1D: -0.40%
• 1M: 0.25%
• YTD: 3.31%
• 6M: 3.74%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BPH

• 1D: -1.59%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DDFO vs. BPH - Yearly Performance Comparison

	2026 (YTD)
DDFO Innovator Equity Dual Directional 15 Buffer ETF - October	-0.27%
BPH BP p.l.c. ADRhedged ETF	1.58%

Correlation

The correlation between DDFO and BPH is 0.33, 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 May 27, 2026	0.33

Return for Risk

DDFO vs. BPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Dual Directional 15 Buffer ETF - October (DDFO) and BP p.l.c. ADRhedged ETF (BPH). 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

	DDFO	BPH	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.63	2.77	-1.14

Drawdowns

DDFO vs. BPH - Drawdown Comparison

The maximum DDFO drawdown since its inception was -2.79%, which is greater than BPH's maximum drawdown of -2.35%. Use the drawdown chart below to compare losses from any high point for DDFO and BPH.

Drawdown Indicators

	DDFO	BPH	Difference
Max Drawdown Largest peak-to-trough decline	-2.79%	-2.35%	-0.44%
Current Drawdown Current decline from peak	-0.53%	-1.59%	+1.06%
Average Drawdown Average peak-to-trough decline	-0.42%	-1.01%	+0.59%

Volatility

Volatility by Period

	DDFO	BPH	Difference
Volatility (1Y) Calculated over the trailing 1-year period	4.70%	24.64%	-19.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.70%	24.64%	-19.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.70%	24.64%	-19.94%

DDFO vs. BPH - Expense Ratio Comparison

DDFO has a 0.79% expense ratio, which is higher than BPH's 0.19% expense ratio.

Dividends

DDFO vs. BPH - Dividend Comparison

Neither DDFO nor BPH has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DDFO and BPH in my portfolio?

DDFO and BPH have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DDFO or BPH?

On fees, BPH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDFO or BPH?

BPH is cheaper with a 0.19% expense ratio, compared with 0.79% for DDFO.

Which ETF pays a higher dividend yield, DDFO or BPH?

DDFO and BPH have nearly identical dividend yields, around 0.00%.

What is the main difference between DDFO and BPH?

DDFO is categorized as Defined Outcome, while BPH is Oil & Gas. They also come from different issuers: Innovator and Precidian. Their fees differ too: 0.79% for DDFO and 0.19% for BPH.