DDSQ vs. BALT

Last updated Jun 5, 2026

DDSQ (Innovator Equity Dual Directional 5 Buffer ETF - Quarterly) and BALT (Innovator Defined Wealth Shield ETF) are both Defined Outcome funds from Innovator. DDSQ is actively managed, while BALT is passively managed. A 0.72 correlation means they provide meaningful diversification when combined. DDSQ charges 0.79%/yr vs 0.69%/yr for BALT.

Performance

DDSQ vs. BALT - Performance Comparison

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

Returns By Period

DDSQ

• 1D: 0.09%
• 1M: 1.03%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BALT

• 1D: 0.12%
• 1M: 0.53%
• YTD: 2.03%
• 6M: 2.89%
• 1Y: 7.18%
• 3Y*: 7.35%
• 5Y*: —
• 10Y*: —

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

DDSQ vs. BALT - Yearly Performance Comparison

	2026 (YTD)
DDSQ Innovator Equity Dual Directional 5 Buffer ETF - Quarterly	9.64%
BALT Innovator Defined Wealth Shield ETF	1.94%

Correlation

The correlation between DDSQ and BALT is 0.72, 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 5, 2026	0.72

DDSQ vs. BALT - Sectors Allocation Comparison

Sectors	DDSQ	BALT
Technology	36.2%	36.2%
Financial Services	11.9%	11.9%
Communication Services	10.9%	10.9%
Consumer Cyclical	10.1%	10.1%
Healthcare	8.4%	8.4%
Industrials	8.1%	8.1%
Consumer Defensive	4.9%	4.9%
Energy	3.5%	3.5%
Utilities	2.3%	2.3%
Real Estate	1.9%	1.9%
Basic Materials	1.8%	1.8%

Return for Risk

DDSQ vs. BALT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BALT

BALT Risk / Return Rank: 93
BALT Sharpe Ratio Rank: 92
BALT Sortino Ratio Rank: 95
BALT Omega Ratio Rank: 95
BALT Calmar Ratio Rank: 92
BALT Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DDSQ vs. BALT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Dual Directional 5 Buffer ETF - Quarterly (DDSQ) and Innovator Defined Wealth Shield ETF (BALT). 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

	DDSQ	BALT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.12	1.80	+0.32

Drawdowns

DDSQ vs. BALT - Drawdown Comparison

The maximum DDSQ drawdown since its inception was -3.69%, smaller than the maximum BALT drawdown of -4.89%. Use the drawdown chart below to compare losses from any high point for DDSQ and BALT.

Drawdown Indicators

	DDSQ	BALT	Difference
Max Drawdown Largest peak-to-trough decline	-3.69%	-4.89%	+1.20%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.15%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.89%	—
Current Drawdown Current decline from peak	-0.02%	0.00%	-0.02%
Average Drawdown Average peak-to-trough decline	-0.35%	-0.34%	-0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.31%	—

Volatility

Volatility by Period

	DDSQ	BALT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.37%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.56%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.71%	2.19%	+9.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.71%	3.31%	+8.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.71%	3.31%	+8.40%

DDSQ vs. BALT - Expense Ratio Comparison

DDSQ has a 0.79% expense ratio, which is higher than BALT's 0.69% expense ratio.

Dividends

DDSQ vs. BALT - Dividend Comparison

Neither DDSQ nor BALT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DDSQ and BALT in my portfolio?

DDSQ and BALT have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DDSQ or BALT?

On fees, BALT is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDSQ or BALT?

BALT is cheaper with a 0.69% expense ratio, compared with 0.79% for DDSQ.

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

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

What is the main difference between DDSQ and BALT?

Their fees differ too: 0.79% for DDSQ and 0.69% for BALT.