DDFO vs. OILK
DDFO (Innovator Equity Dual Directional 15 Buffer ETF - October) and OILK (ProShares K-1 Free Crude Oil Strategy ETF) are both exchange-traded funds - DDFO is a Defined Outcome fund tracking the SPDR S&P 500 ETF Trust, while OILK is a Oil & Gas fund tracking the Bloomberg Commodity Balanced WTI Crude Oil Index. Both are passively managed. At a correlation of -0.20, they often move in opposite directions. DDFO charges 0.79%/yr vs 0.68%/yr for OILK.
Performance
DDFO vs. OILK - 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 OILK's 40.26% return.
DDFO
- 1D
- 0.11%
- 1M
- 1.01%
- 6M
- 4.08%
- YTD
- 4.46%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OILK
- 1D
- 0.04%
- 1M
- -8.69%
- 6M
- 37.13%
- YTD
- 40.26%
- 1Y
- 26.74%
- 3Y*
- 11.30%
- 5Y*
- 12.74%
- 10Y*
- —
DDFO vs. OILK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DDFO Innovator Equity Dual Directional 15 Buffer ETF - October | 4.46% | 1.91% |
OILK ProShares K-1 Free Crude Oil Strategy ETF | 40.26% | -6.38% |
Correlation
The correlation between DDFO and OILK is -0.20, 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 | -0.20 |
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Return for Risk
DDFO vs. OILK — Risk / Return Rank
DDFO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
OILK
DDFO vs. OILK - 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 ProShares K-1 Free Crude Oil Strategy ETF (OILK). 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 | OILK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.18 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.40 | — |
| Martin ratioReturn relative to average drawdown | — | 3.33 | — |
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Drawdowns
DDFO vs. OILK - Drawdown Comparison
The maximum DDFO drawdown since its inception was -2.79%, smaller than the maximum OILK drawdown of -83.76%. Use the drawdown chart below to compare losses from any high point for DDFO and OILK.
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Drawdown Indicators
| DDFO | OILK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.79% | -83.76% | +80.97% |
Max Drawdown (1Y)Largest decline over 1 year | — | -21.19% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.42% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.69% | — |
Current DrawdownCurrent decline from peak | 0.00% | -17.71% | +17.71% |
Average DrawdownAverage peak-to-trough decline | -0.39% | -32.41% | +32.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 8.88% | — |
Volatility
DDFO vs. OILK - Volatility Comparison
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Volatility by Period
| DDFO | OILK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.24% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 24.73% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.53% | 28.86% | -24.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.53% | 30.36% | -25.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.53% | 35.94% | -31.41% |
DDFO vs. OILK - Expense Ratio Comparison
DDFO has a 0.79% expense ratio, which is higher than OILK's 0.68% expense ratio.
Dividends
DDFO vs. OILK - Dividend Comparison
DDFO has not paid dividends to shareholders, while OILK's dividend yield for the trailing twelve months is around 9.31%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
OILK ProShares K-1 Free Crude Oil Strategy ETF | 9.31% | 4.79% | 3.11% | 5.80% | 17.32% | 68.82% | 0.13% | 0.94% | 0.58% | 6.17% |
Frequently Asked Questions
DDFO and OILK have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OILK is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OILK is cheaper with a 0.68% expense ratio, compared with 0.79% for DDFO.
OILK has the higher dividend yield at 9.31%, compared with 0.00% for DDFO.
DDFO is categorized as Defined Outcome, while OILK is Oil & Gas. DDFO tracks SPDR S&P 500 ETF Trust, while OILK tracks Bloomberg Commodity Balanced WTI Crude Oil Index. They also come from different issuers: Innovator and ProShares. Their fees differ too: 0.79% for DDFO and 0.68% for OILK.
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