DDNQ vs. DDSQ

Last updated Jul 1, 2026

DDNQ (Innovator Growth-100 Dual Directional 5 Buffer ETF - Quarterly) and DDSQ (Innovator Equity Dual Directional 5 Buffer ETF - Quarterly) are both Defined Outcome funds from Innovator. Both are actively managed. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.79% expense ratio.

Performance

DDNQ vs. DDSQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Growth-100 Dual Directional 5 Buffer ETF - Quarterly (DDNQ) and Innovator Equity Dual Directional 5 Buffer ETF - Quarterly (DDSQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DDNQ

• 1D: -0.07%
• 1M: 0.24%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DDSQ

• 1D: -0.05%
• 1M: 0.38%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DDNQ vs. DDSQ - Yearly Performance Comparison

	2026 (YTD)
DDNQ Innovator Growth-100 Dual Directional 5 Buffer ETF - Quarterly	4.44%
DDSQ Innovator Equity Dual Directional 5 Buffer ETF - Quarterly	9.91%

Correlation

The correlation between DDNQ and DDSQ is 0.75, 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 Jan 2, 2026	0.75

Return for Risk

DDNQ vs. DDSQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Growth-100 Dual Directional 5 Buffer ETF - Quarterly (DDNQ) and Innovator Equity Dual Directional 5 Buffer ETF - Quarterly (DDSQ). 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.

Drawdowns

DDNQ vs. DDSQ - Drawdown Comparison

The maximum DDNQ drawdown since its inception was -5.65%, which is greater than DDSQ's maximum drawdown of -3.69%. Use the drawdown chart below to compare losses from any high point for DDNQ and DDSQ.

Drawdown Indicators

	DDNQ	DDSQ	Difference
Max Drawdown Largest peak-to-trough decline	-5.65%	-3.69%	-1.96%
Current Drawdown Current decline from peak	-0.12%	-0.05%	-0.07%
Average Drawdown Average peak-to-trough decline	-0.65%	-0.31%	-0.34%

Volatility

Volatility by Period

	DDNQ	DDSQ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	9.49%	10.85%	-1.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.49%	10.85%	-1.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.49%	10.85%	-1.36%

DDNQ vs. DDSQ - Expense Ratio Comparison

Both DDNQ and DDSQ have an expense ratio of 0.79%.

Dividends

DDNQ vs. DDSQ - Dividend Comparison

Neither DDNQ nor DDSQ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DDNQ and DDSQ in my portfolio?

DDNQ and DDSQ have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DDNQ or DDSQ?

Both ETFs have the same 0.79% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDNQ or DDSQ?

DDNQ and DDSQ have the same expense ratio: 0.79% per year.

Which ETF pays a higher dividend yield, DDNQ or DDSQ?

DDNQ and DDSQ have nearly identical dividend yields, around 0.00%.