DDNQ vs. FAGIX

Last updated Aug 1, 2026

DDNQ (Innovator Growth-100 Dual Directional 5 Buffer ETF - Quarterly) and FAGIX (Fidelity Capital & Income Fund) are both funds - DDNQ is a Defined Outcome fund actively managed by Innovator, while FAGIX is a High Yield Bonds fund actively managed by Fidelity. Both are actively managed. Their 0.69 correlation means they have sometimes moved together and sometimes differently. DDNQ charges 0.79%/yr vs 0.67%/yr for FAGIX.

Performance

DDNQ vs. FAGIX - 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 Fidelity Capital & Income Fund (FAGIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DDNQ

• 1D: 0.74%
• 1M: -1.23%
• 6M: 1.50%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

FAGIX

• 1D: 1.00%
• 1M: -1.59%
• 6M: 3.79%
• YTD: 5.47%
• 1Y: 11.22%
• 3Y*: 11.21%
• 5Y*: 6.17%
• 10Y*: 7.47%
• ALL TIME*: 6.07%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DDNQ Innovator Growth-100 Dual Directional 5 Buffer ETF - Quarterly	$107.87K	$261.14K	$389.29K
FAGIX Fidelity Capital & Income Fund	$0.00	$0.00	$0.00

DDNQ vs. FAGIX - Yearly Performance Comparison

	2026 (YTD)
DDNQ Innovator Growth-100 Dual Directional 5 Buffer ETF - Quarterly	1.61%
FAGIX Fidelity Capital & Income Fund	5.47%

Correlation

The correlation between DDNQ and FAGIX is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 2, 2026	0.69

Return for Risk

DDNQ vs. FAGIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DDNQ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FAGIX

FAGIX Risk / Return Rank: 74
FAGIX Sharpe Ratio Rank: 69
FAGIX Sortino Ratio Rank: 66
FAGIX Omega Ratio Rank: 67
FAGIX Calmar Ratio Rank: 83
FAGIX Martin Ratio Rank: 84

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DDNQ vs. FAGIX - 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 Fidelity Capital & Income Fund (FAGIX). 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.

	DDNQ	FAGIX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.55	—
Sortino ratio: Return per unit of downside risk	—	2.20	—
Omega ratio: Gain probability vs. loss probability	—	1.28	—
Calmar ratio: Return relative to maximum drawdown	—	2.72	—
Martin ratio: Return relative to average drawdown	—	10.26	—

Drawdowns

DDNQ vs. FAGIX - Drawdown Comparison

The maximum DDNQ drawdown since its inception was -5.79%, smaller than the maximum FAGIX drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for DDNQ and FAGIX.

Drawdown Indicators

	DDNQ	FAGIX	Difference
Max Drawdown Largest peak-to-trough decline	-5.79%	-37.97%	+32.18%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.02%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-7.26%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.42%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-28.45%	—
Current Drawdown Current decline from peak	-2.84%	-3.07%	+0.23%
Average Drawdown Average peak-to-trough decline	-0.88%	-6.97%	+6.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.06%	—

Volatility

Volatility by Period

	DDNQ	FAGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.24%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.61%	7.04%	+3.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.61%	6.79%	+3.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.61%	7.84%	+2.77%

DDNQ vs. FAGIX - Expense Ratio Comparison

DDNQ has a 0.79% expense ratio, which is higher than FAGIX's 0.67% expense ratio.

Dividends

DDNQ vs. FAGIX - Dividend Comparison

DDNQ has not paid dividends to shareholders, while FAGIX's dividend yield for the trailing twelve months is around 5.05%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DDNQ Innovator Growth-100 Dual Directional 5 Buffer ETF - Quarterly	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FAGIX Fidelity Capital & Income Fund	5.05%	4.74%	5.02%	5.28%	10.25%	6.08%	4.59%	5.00%	5.67%	5.05%	4.57%	4.51%

Frequently Asked Questions

Can I hold both DDNQ and FAGIX in my portfolio?

DDNQ and FAGIX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.