DDFS vs. QB
DDFS (Innovator Equity Dual Directional 15 Buffer ETF - September) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both Defined Outcome funds. DDFS is actively managed, while QB is passively managed. A 0.65 correlation means they provide meaningful diversification when combined. DDFS charges 0.79%/yr vs 0.58%/yr for QB.
Performance
DDFS vs. QB - Performance Comparison
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Returns By Period
In the year-to-date period, DDFS achieves a 3.49% return, which is significantly lower than QB's 9.56% return.
DDFS
- 1D
- -0.18%
- 1M
- 0.23%
- YTD
- 3.49%
- 6M
- 3.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QB
- 1D
- -1.22%
- 1M
- -0.18%
- YTD
- 9.56%
- 6M
- 9.37%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DDFS vs. QB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DDFS Innovator Equity Dual Directional 15 Buffer ETF - September | 3.49% | 3.42% |
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 9.56% | 4.55% |
Correlation
The correlation between DDFS and QB is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 2, 2025 | 0.65 |
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Return for Risk
DDFS vs. QB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Dual Directional 15 Buffer ETF - September (DDFS) and ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB). 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.
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Drawdowns
DDFS vs. QB - Drawdown Comparison
The maximum DDFS drawdown since its inception was -2.29%, smaller than the maximum QB drawdown of -3.47%. Use the drawdown chart below to compare losses from any high point for DDFS and QB.
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Drawdown Indicators
| DDFS | QB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.29% | -3.47% | +1.18% |
Current DrawdownCurrent decline from peak | -0.27% | -1.51% | +1.24% |
Average DrawdownAverage peak-to-trough decline | -0.30% | -0.41% | +0.11% |
Volatility
DDFS vs. QB - Volatility Comparison
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Volatility by Period
| DDFS | QB | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 3.99% | 6.85% | -2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.99% | 6.85% | -2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.99% | 6.85% | -2.86% |
DDFS vs. QB - Expense Ratio Comparison
DDFS has a 0.79% expense ratio, which is higher than QB's 0.58% expense ratio.
Dividends
DDFS vs. QB - Dividend Comparison
DDFS has not paid dividends to shareholders, while QB's dividend yield for the trailing twelve months is around 0.63%.
| Position | TTM | 2025 |
|---|---|---|
DDFS Innovator Equity Dual Directional 15 Buffer ETF - September | 0.00% | 0.00% |
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 0.63% | 0.48% |
Frequently Asked Questions
DDFS and QB have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QB is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QB is cheaper with a 0.58% expense ratio, compared with 0.79% for DDFS.
QB has the higher dividend yield at 0.63%, compared with 0.00% for DDFS.
They also come from different issuers: Innovator and ProShares. Their fees differ too: 0.79% for DDFS and 0.58% for QB.
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