DDNQ vs. PMMY
DDNQ (Innovator Growth-100 Dual Directional 5 Buffer ETF - Quarterly) and PMMY (PGIM S&P 500 Max Buffer ETF - May) are both Defined Outcome funds. Both are actively managed. A 0.62 correlation means they provide meaningful diversification when combined. DDNQ charges 0.79%/yr vs 0.50%/yr for PMMY.
Performance
DDNQ vs. PMMY - Performance Comparison
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Returns By Period
DDNQ
- 1D
- -0.04%
- 1M
- 0.28%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PMMY
- 1D
- -0.06%
- 1M
- 0.06%
- YTD
- 2.04%
- 6M
- 2.16%
- 1Y
- 5.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DDNQ vs. PMMY - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
DDNQ Innovator Growth-100 Dual Directional 5 Buffer ETF - Quarterly | 4.31% |
PMMY PGIM S&P 500 Max Buffer ETF - May | 2.04% |
Correlation
The correlation between DDNQ and PMMY is 0.62, 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 | 0.62 |
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Return for Risk
DDNQ vs. PMMY — Risk / Return Rank
DDNQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PMMY
DDNQ vs. PMMY - 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 PGIM S&P 500 Max Buffer ETF - May (PMMY). 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 | PMMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 2.13 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 9.37 | — |
| Martin ratioReturn relative to average drawdown | — | 60.97 | — |
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Drawdowns
DDNQ vs. PMMY - Drawdown Comparison
The maximum DDNQ drawdown since its inception was -5.65%, which is greater than PMMY's maximum drawdown of -0.60%. Use the drawdown chart below to compare losses from any high point for DDNQ and PMMY.
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Drawdown Indicators
| DDNQ | PMMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.65% | -0.60% | -5.05% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.60% | — |
Current DrawdownCurrent decline from peak | -0.08% | -0.21% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -0.68% | -0.05% | -0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.09% | — |
Volatility
DDNQ vs. PMMY - Volatility Comparison
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Volatility by Period
| DDNQ | PMMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.68% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.08% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.73% | 1.29% | +8.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.73% | 1.50% | +8.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.73% | 1.50% | +8.23% |
DDNQ vs. PMMY - Expense Ratio Comparison
DDNQ has a 0.79% expense ratio, which is higher than PMMY's 0.50% expense ratio.
Dividends
DDNQ vs. PMMY - Dividend Comparison
Neither DDNQ nor PMMY has paid dividends to shareholders.
Frequently Asked Questions
DDNQ and PMMY have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PMMY is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PMMY is cheaper with a 0.50% expense ratio, compared with 0.79% for DDNQ.
DDNQ and PMMY have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Innovator and PGIM. Their fees differ too: 0.79% for DDNQ and 0.50% for PMMY.
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