DDFO vs. MLPX
DDFO (Innovator Equity Dual Directional 15 Buffer ETF - October) and MLPX (Global X MLP & Energy Infrastructure ETF) are both exchange-traded funds - DDFO is a Defined Outcome fund tracking the SPDR S&P 500 ETF Trust, while MLPX is a MLPs fund tracking the Solactive MLP & Energy Infrastructure Index. Both are passively managed. At a correlation of -0.13, they often move in opposite directions. DDFO charges 0.79%/yr vs 0.45%/yr for MLPX.
Performance
DDFO vs. MLPX - Performance Comparison
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Returns By Period
In the year-to-date period, DDFO achieves a 4.46% return, which is significantly lower than MLPX's 25.99% return.
DDFO
- 1D
- 0.11%
- 1M
- 0.94%
- 6M
- 4.08%
- YTD
- 4.46%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MLPX
- 1D
- -0.68%
- 1M
- 0.61%
- 6M
- 26.99%
- YTD
- 25.99%
- 1Y
- 27.55%
- 3Y*
- 27.27%
- 5Y*
- 21.39%
- 10Y*
- 11.94%
DDFO vs. MLPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DDFO Innovator Equity Dual Directional 15 Buffer ETF - October | 4.46% | 1.91% |
MLPX Global X MLP & Energy Infrastructure ETF | 25.99% | -2.13% |
Correlation
The correlation between DDFO and MLPX is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025 | -0.13 |
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Return for Risk
DDFO vs. MLPX — Risk / Return Rank
DDFO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MLPX
DDFO vs. MLPX - 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 Global X MLP & Energy Infrastructure ETF (MLPX). 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.
| DDFO | MLPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.45 | — |
| Martin ratioReturn relative to average drawdown | — | 8.14 | — |
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Drawdowns
DDFO vs. MLPX - Drawdown Comparison
The maximum DDFO drawdown since its inception was -2.79%, smaller than the maximum MLPX drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for DDFO and MLPX.
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Drawdown Indicators
| DDFO | MLPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.79% | -70.67% | +67.88% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.18% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.77% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.72% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.70% | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.85% | +3.85% |
Average DrawdownAverage peak-to-trough decline | -0.39% | -16.54% | +16.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.46% | — |
Volatility
DDFO vs. MLPX - Volatility Comparison
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Volatility by Period
| DDFO | MLPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.85% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.31% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.53% | 15.69% | -11.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.53% | 20.02% | -15.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.53% | 26.25% | -21.72% |
DDFO vs. MLPX - Expense Ratio Comparison
DDFO has a 0.79% expense ratio, which is higher than MLPX's 0.45% expense ratio.
Dividends
DDFO vs. MLPX - Dividend Comparison
DDFO has not paid dividends to shareholders, while MLPX's dividend yield for the trailing twelve months is around 4.07%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DDFO Innovator Equity Dual Directional 15 Buffer ETF - October | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MLPX Global X MLP & Energy Infrastructure ETF | 4.07% | 4.88% | 4.30% | 5.22% | 5.23% | 5.98% | 8.32% | 5.78% | 5.77% | 4.36% | 5.50% | 4.81% |
Frequently Asked Questions
DDFO and MLPX have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MLPX is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MLPX is cheaper with a 0.45% expense ratio, compared with 0.79% for DDFO.
MLPX has the higher dividend yield at 4.07%, compared with 0.00% for DDFO.
DDFO is categorized as Defined Outcome, while MLPX is MLPs. DDFO tracks SPDR S&P 500 ETF Trust, while MLPX tracks Solactive MLP & Energy Infrastructure Index. They also come from different issuers: Innovator and Global X. Their fees differ too: 0.79% for DDFO and 0.45% for MLPX.
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