DDTF vs. CMDY

Last updated Jun 4, 2026

DDTF (Innovator Equity Dual Directional 10 Buffer ETF - February) and CMDY (iShares Bloomberg Roll Select Commodity Strategy ETF) are both exchange-traded funds - DDTF is a Defined Outcome fund actively managed by Innovator, while CMDY is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. DDTF is actively managed, while CMDY is passively managed. At a correlation of -0.36, they often move in opposite directions. DDTF charges 0.79%/yr vs 0.28%/yr for CMDY.

Performance

DDTF vs. CMDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Dual Directional 10 Buffer ETF - February (DDTF) and iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DDTF

• 1D: -0.05%
• 1M: 2.28%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CMDY

• 1D: 0.02%
• 1M: -2.52%
• YTD: 25.44%
• 6M: 24.53%
• 1Y: 37.10%
• 3Y*: 15.48%
• 5Y*: 10.71%
• 10Y*: —

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

DDTF vs. CMDY - Yearly Performance Comparison

	2026 (YTD)
DDTF Innovator Equity Dual Directional 10 Buffer ETF - February	4.45%
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF	18.88%

Correlation

The correlation between DDTF and CMDY is -0.36, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 3, 2026	-0.36

DDTF vs. CMDY - Sectors Allocation Comparison

Sectors	DDTF	CMDY
Technology	36.2%	-
Financial Services	11.9%	-
Communication Services	10.9%	100.0%
Consumer Cyclical	10.1%	-
Healthcare	8.4%	-
Industrials	8.1%	-
Consumer Defensive	4.9%	-
Energy	3.5%	-
Utilities	2.3%	-
Real Estate	1.9%	-
Basic Materials	1.8%	-

Return for Risk

DDTF vs. CMDY — Risk / Return Rank

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

CMDY

CMDY Risk / Return Rank: 72
CMDY Sharpe Ratio Rank: 69
CMDY Sortino Ratio Rank: 61
CMDY Omega Ratio Rank: 69
CMDY Calmar Ratio Rank: 86
CMDY Martin Ratio Rank: 75

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.

DDTF vs. CMDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Dual Directional 10 Buffer ETF - February (DDTF) and iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY). 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

	DDTF	CMDY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.32	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.61	0.56	+1.05

Drawdowns

DDTF vs. CMDY - Drawdown Comparison

The maximum DDTF drawdown since its inception was -5.42%, smaller than the maximum CMDY drawdown of -31.19%. Use the drawdown chart below to compare losses from any high point for DDTF and CMDY.

Drawdown Indicators

	DDTF	CMDY	Difference
Max Drawdown Largest peak-to-trough decline	-5.42%	-31.19%	+25.77%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.73%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-10.08%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.56%	—
Current Drawdown Current decline from peak	-0.16%	-3.97%	+3.81%
Average Drawdown Average peak-to-trough decline	-1.04%	-13.14%	+12.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.57%	—

Volatility

Volatility by Period

	DDTF	CMDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.04%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.20%	—
Volatility (1Y) Calculated over the trailing 1-year period	8.72%	16.06%	-7.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.72%	15.80%	-7.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.72%	14.63%	-5.91%

DDTF vs. CMDY - Expense Ratio Comparison

DDTF has a 0.79% expense ratio, which is higher than CMDY's 0.28% expense ratio.

Dividends

DDTF vs. CMDY - Dividend Comparison

DDTF has not paid dividends to shareholders, while CMDY's dividend yield for the trailing twelve months is around 10.28%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF	10.28%	12.89%	4.23%	5.10%	3.98%	16.09%	0.15%	2.21%	1.73%
DDTF Innovator Equity Dual Directional 10 Buffer ETF - February	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DDTF and CMDY in my portfolio?

DDTF and CMDY have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DDTF or CMDY?

On fees, CMDY is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDTF or CMDY?

CMDY is cheaper with a 0.28% expense ratio, compared with 0.79% for DDTF.

Which ETF pays a higher dividend yield, DDTF or CMDY?

CMDY has the higher dividend yield at 10.28%, compared with 0.00% for DDTF.

What is the main difference between DDTF and CMDY?

DDTF is categorized as Defined Outcome, while CMDY is Commodities. They also come from different issuers: Innovator and iShares. Their fees differ too: 0.79% for DDTF and 0.28% for CMDY.