DDFY vs. OCTB

Last updated Jun 6, 2026

DDFY (Innovator Equity Dual Directional 15 Buffer ETF - May) and OCTB (Aptus October Buffer ETF) are both Defined Outcome funds. DDFY is passively managed, while OCTB is actively managed. Their correlation of 0.90 suggests significant overlap in exposure. DDFY charges 0.79%/yr vs 0.25%/yr for OCTB.

Performance

DDFY vs. OCTB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Dual Directional 15 Buffer ETF - May (DDFY) and Aptus October Buffer ETF (OCTB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DDFY

• 1D: -0.82%
• 1M: 0.18%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OCTB

• 1D: -0.93%
• 1M: 0.66%
• YTD: 5.35%
• 6M: 5.68%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DDFY vs. OCTB - Yearly Performance Comparison

	2026 (YTD)
DDFY Innovator Equity Dual Directional 15 Buffer ETF - May	0.63%
OCTB Aptus October Buffer ETF	1.38%

Correlation

The correlation between DDFY and OCTB is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 4, 2026	0.90

Return for Risk

DDFY vs. OCTB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Dual Directional 15 Buffer ETF - May (DDFY) and Aptus October Buffer ETF (OCTB). 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

	DDFY	OCTB	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.68	1.73	-0.06

Drawdowns

DDFY vs. OCTB - Drawdown Comparison

The maximum DDFY drawdown since its inception was -1.05%, smaller than the maximum OCTB drawdown of -4.79%. Use the drawdown chart below to compare losses from any high point for DDFY and OCTB.

Drawdown Indicators

	DDFY	OCTB	Difference
Max Drawdown Largest peak-to-trough decline	-1.05%	-4.79%	+3.74%
Current Drawdown Current decline from peak	-1.05%	-0.95%	-0.10%
Average Drawdown Average peak-to-trough decline	-0.14%	-0.70%	+0.56%

Volatility

Volatility by Period

	DDFY	OCTB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	4.17%	7.26%	-3.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.17%	7.26%	-3.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.17%	7.26%	-3.09%

DDFY vs. OCTB - Expense Ratio Comparison

DDFY has a 0.79% expense ratio, which is higher than OCTB's 0.25% expense ratio.

Dividends

DDFY vs. OCTB - Dividend Comparison

Neither DDFY nor OCTB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DDFY and OCTB in my portfolio?

With a correlation of 0.90, DDFY and OCTB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, DDFY or OCTB?

On fees, OCTB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDFY or OCTB?

OCTB is cheaper with a 0.25% expense ratio, compared with 0.79% for DDFY.

Which ETF pays a higher dividend yield, DDFY or OCTB?

DDFY and OCTB have nearly identical dividend yields, around 0.00%.

What is the main difference between DDFY and OCTB?

They also come from different issuers: Innovator and Aptus Capital Advisors. Their fees differ too: 0.79% for DDFY and 0.25% for OCTB.