DDTF vs. SPUT

Last updated Jun 4, 2026

DDTF (Innovator Equity Dual Directional 10 Buffer ETF - February) and SPUT (Innovator Equity Premium Income Daily PutWrite ETF) are both exchange-traded funds - DDTF is a Defined Outcome fund actively managed by Innovator, while SPUT is a Derivative Income fund actively managed by Innovator. Both are actively managed. Their correlation of 0.88 suggests significant overlap in exposure. Both charge a 0.79% expense ratio.

Performance

DDTF vs. SPUT - 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 Innovator Equity Premium Income Daily PutWrite ETF (SPUT). 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*: —

SPUT

• 1D: -0.34%
• 1M: 3.05%
• YTD: 7.26%
• 6M: 7.80%
• 1Y: 18.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DDTF vs. SPUT - Yearly Performance Comparison

	2026 (YTD)
DDTF Innovator Equity Dual Directional 10 Buffer ETF - February	4.45%
SPUT Innovator Equity Premium Income Daily PutWrite ETF	6.98%

Correlation

The correlation between DDTF and SPUT is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 3, 2026	0.88

DDTF vs. SPUT - Sectors Allocation Comparison

Sectors	DDTF	SPUT
Technology	36.2%	35.7%
Financial Services	11.9%	11.1%
Communication Services	10.9%	11.7%
Consumer Cyclical	10.1%	10.2%
Healthcare	8.4%	8.7%
Industrials	8.1%	8.4%
Consumer Defensive	4.9%	4.8%
Energy	3.5%	3.6%
Utilities	2.3%	2.3%
Real Estate	1.9%	1.8%
Basic Materials	1.8%	1.8%

Return for Risk

DDTF vs. SPUT — Risk / Return Rank

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

SPUT

SPUT Risk / Return Rank: 85
SPUT Sharpe Ratio Rank: 81
SPUT Sortino Ratio Rank: 82
SPUT Omega Ratio Rank: 85
SPUT Calmar Ratio Rank: 87
SPUT 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.

DDTF vs. SPUT - 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 Innovator Equity Premium Income Daily PutWrite ETF (SPUT). 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	SPUT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.61	1.54	+0.07

Drawdowns

DDTF vs. SPUT - Drawdown Comparison

The maximum DDTF drawdown since its inception was -5.42%, smaller than the maximum SPUT drawdown of -10.55%. Use the drawdown chart below to compare losses from any high point for DDTF and SPUT.

Drawdown Indicators

	DDTF	SPUT	Difference
Max Drawdown Largest peak-to-trough decline	-5.42%	-10.55%	+5.13%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.81%	—
Current Drawdown Current decline from peak	-0.16%	-0.34%	+0.18%
Average Drawdown Average peak-to-trough decline	-1.04%	-0.88%	-0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.83%	—

Volatility

Volatility by Period

	DDTF	SPUT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.50%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.46%	—
Volatility (1Y) Calculated over the trailing 1-year period	8.72%	7.24%	+1.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.72%	11.26%	-2.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.72%	11.26%	-2.54%

DDTF vs. SPUT - Expense Ratio Comparison

Both DDTF and SPUT have an expense ratio of 0.79%.

Dividends

DDTF vs. SPUT - Dividend Comparison

DDTF has not paid dividends to shareholders, while SPUT's dividend yield for the trailing twelve months is around 5.03%.

Position	TTM	2025
DDTF Innovator Equity Dual Directional 10 Buffer ETF - February	0.00%	0.00%
SPUT Innovator Equity Premium Income Daily PutWrite ETF	5.03%	4.66%

Frequently Asked Questions

Can I hold both DDTF and SPUT in my portfolio?

DDTF and SPUT have a correlation of 0.88, 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 SPUT?

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, DDTF or SPUT?

DDTF and SPUT have the same expense ratio: 0.79% per year.

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

SPUT has the higher dividend yield at 5.03%, compared with 0.00% for DDTF.

What is the main difference between DDTF and SPUT?

DDTF is categorized as Defined Outcome, while SPUT is Derivative Income.