DDSQ vs. NVDO

Last updated Jun 4, 2026

DDSQ (Innovator Equity Dual Directional 5 Buffer ETF - Quarterly) and NVDO (Leverage Shares 2x Capped Accelerated NVDA Monthly ETF) are both Defined Outcome funds. Both are actively managed. A 0.62 correlation means they provide meaningful diversification when combined. DDSQ charges 0.79%/yr vs 0.77%/yr for NVDO.

Performance

DDSQ vs. NVDO - 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 Leverage Shares 2x Capped Accelerated NVDA Monthly ETF (NVDO). 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*: —

NVDO

• 1D: -2.46%
• 1M: 14.15%
• YTD: 18.85%
• 6M: 29.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DDSQ vs. NVDO - Yearly Performance Comparison

	2026 (YTD)
DDSQ Innovator Equity Dual Directional 5 Buffer ETF - Quarterly	9.54%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	17.69%

Correlation

The correlation between DDSQ and NVDO 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 5, 2026	0.62

Return for Risk

DDSQ vs. NVDO - 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 Leverage Shares 2x Capped Accelerated NVDA Monthly ETF (NVDO). 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	NVDO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.11	1.30	+0.81

Drawdowns

DDSQ vs. NVDO - Drawdown Comparison

The maximum DDSQ drawdown since its inception was -3.69%, smaller than the maximum NVDO drawdown of -16.25%. Use the drawdown chart below to compare losses from any high point for DDSQ and NVDO.

Drawdown Indicators

	DDSQ	NVDO	Difference
Max Drawdown Largest peak-to-trough decline	-3.69%	-16.25%	+12.56%
Current Drawdown Current decline from peak	-0.12%	-2.68%	+2.56%
Average Drawdown Average peak-to-trough decline	-0.35%	-4.99%	+4.64%

Volatility

Volatility by Period

	DDSQ	NVDO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	11.76%	31.93%	-20.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.76%	31.93%	-20.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.76%	31.93%	-20.17%

DDSQ vs. NVDO - Expense Ratio Comparison

DDSQ has a 0.79% expense ratio, which is higher than NVDO's 0.77% expense ratio.

Dividends

DDSQ vs. NVDO - Dividend Comparison

DDSQ has not paid dividends to shareholders, while NVDO's dividend yield for the trailing twelve months is around 14.02%.

Position	TTM	2025
DDSQ Innovator Equity Dual Directional 5 Buffer ETF - Quarterly	0.00%	0.00%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	14.02%	16.66%

Frequently Asked Questions

Can I hold both DDSQ and NVDO in my portfolio?

DDSQ and NVDO 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.

Which ETF is better, DDSQ or NVDO?

On fees, NVDO is cheaper at 0.77% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDSQ or NVDO?

NVDO is cheaper with a 0.77% expense ratio, compared with 0.79% for DDSQ.

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

NVDO has the higher dividend yield at 14.02%, compared with 0.00% for DDSQ.

What is the main difference between DDSQ and NVDO?

They also come from different issuers: Innovator and Leverage Shares. Their fees differ too: 0.79% for DDSQ and 0.77% for NVDO.