DDSQ vs. DDNQ

Last updated Jun 4, 2026

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

Performance

DDSQ vs. DDNQ - 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 Growth-100 Dual Directional 5 Buffer ETF - Quarterly (DDNQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DDSQ

• 1D: 0.00%
• 1M: 1.06%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DDNQ

• 1D: 0.00%
• 1M: 1.03%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DDSQ vs. DDNQ - Yearly Performance Comparison

	2026 (YTD)
DDSQ Innovator Equity Dual Directional 5 Buffer ETF - Quarterly	9.54%
DDNQ Innovator Growth-100 Dual Directional 5 Buffer ETF - Quarterly	5.03%

Correlation

The correlation between DDSQ and DDNQ is 0.79, 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	0.79

DDSQ vs. DDNQ - Sectors Allocation Comparison

Sectors	DDSQ	DDNQ
Technology	36.2%	50.7%
Financial Services	11.9%	0.2%
Communication Services	10.9%	15.8%
Consumer Cyclical	10.1%	12.5%
Healthcare	8.4%	5.1%
Industrials	8.1%	3.3%
Consumer Defensive	4.9%	8.7%
Energy	3.5%	0.7%
Utilities	2.3%	1.6%
Real Estate	1.9%	0.1%
Basic Materials	1.8%	1.3%

Return for Risk

DDSQ vs. DDNQ - 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 Growth-100 Dual Directional 5 Buffer ETF - Quarterly (DDNQ). 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	DDNQ	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.11	1.24	+0.87

Drawdowns

DDSQ vs. DDNQ - Drawdown Comparison

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

Drawdown Indicators

	DDSQ	DDNQ	Difference
Max Drawdown Largest peak-to-trough decline	-3.69%	-5.65%	+1.96%
Current Drawdown Current decline from peak	-0.12%	0.00%	-0.12%
Average Drawdown Average peak-to-trough decline	-0.35%	-0.73%	+0.38%

Volatility

Volatility by Period

	DDSQ	DDNQ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	11.76%	10.22%	+1.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.76%	10.22%	+1.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.76%	10.22%	+1.54%

DDSQ vs. DDNQ - Expense Ratio Comparison

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

Dividends

DDSQ vs. DDNQ - Dividend Comparison

Neither DDSQ nor DDNQ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DDSQ and DDNQ in my portfolio?

DDSQ and DDNQ have a correlation of 0.79, 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 DDNQ?

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, DDSQ or DDNQ?

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

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

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