DDFO vs. USFR
DDFO (Innovator Equity Dual Directional 15 Buffer ETF - October) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - DDFO is a Defined Outcome fund tracking the SPDR S&P 500 ETF Trust, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. Both are passively managed. At a correlation of -0.13, they often move in opposite directions. DDFO charges 0.79%/yr vs 0.15%/yr for USFR.
Performance
DDFO vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, DDFO achieves a 3.93% return, which is significantly higher than USFR's 1.78% return.
DDFO
- 1D
- 0.02%
- 1M
- 0.56%
- YTD
- 3.93%
- 6M
- 4.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USFR
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 1.78%
- 6M
- 1.89%
- 1Y
- 3.97%
- 3Y*
- 4.72%
- 5Y*
- 3.70%
- 10Y*
- 2.43%
DDFO vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DDFO Innovator Equity Dual Directional 15 Buffer ETF - October | 3.93% | 1.91% |
USFR WisdomTree Floating Rate Treasury Fund | 1.78% | 1.08% |
Correlation
The correlation between DDFO and USFR 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. USFR — Risk / Return Rank
DDFO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
USFR
DDFO vs. USFR - 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 WisdomTree Floating Rate Treasury Fund (USFR). 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 | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 13.24 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 200.29 | — |
| Martin ratioReturn relative to average drawdown | — | 775.73 | — |
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Drawdowns
DDFO vs. USFR - Drawdown Comparison
The maximum DDFO drawdown since its inception was -2.79%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for DDFO and USFR.
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Drawdown Indicators
| DDFO | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.79% | -1.36% | -1.43% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.02% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.06% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.18% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.80% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.41% | -0.15% | -0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.01% | — |
Volatility
DDFO vs. USFR - Volatility Comparison
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Volatility by Period
| DDFO | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.08% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.19% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.61% | 0.27% | +4.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.61% | 0.40% | +4.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.61% | 0.78% | +3.83% |
DDFO vs. USFR - Expense Ratio Comparison
DDFO has a 0.79% expense ratio, which is higher than USFR's 0.15% expense ratio.
Dividends
DDFO vs. USFR - Dividend Comparison
DDFO has not paid dividends to shareholders, while USFR's dividend yield for the trailing twelve months is around 3.91%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
USFR WisdomTree Floating Rate Treasury Fund | 3.91% | 4.15% | 5.17% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% |
Frequently Asked Questions
DDFO and USFR 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, USFR is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USFR is cheaper with a 0.15% expense ratio, compared with 0.79% for DDFO.
USFR has the higher dividend yield at 3.91%, compared with 0.00% for DDFO.
DDFO is categorized as Defined Outcome, while USFR is Government Bonds. DDFO tracks SPDR S&P 500 ETF Trust, while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. They also come from different issuers: Innovator and WisdomTree. Their fees differ too: 0.79% for DDFO and 0.15% for USFR.
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