DDTF vs. USOY

Last updated Jun 4, 2026

DDTF (Innovator Equity Dual Directional 10 Buffer ETF - February) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - DDTF is a Defined Outcome fund actively managed by Innovator, while USOY is a Derivative Income fund actively managed by Defiance. Both are actively managed. At a correlation of -0.50, they often move in opposite directions. DDTF charges 0.79%/yr vs 1.22%/yr for USOY.

Performance

DDTF vs. USOY - 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 Defiance Oil Enhanced Options Income ETF (USOY). 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*: —

USOY

• 1D: 1.45%
• 1M: -3.43%
• YTD: 62.18%
• 6M: 59.35%
• 1Y: 57.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DDTF vs. USOY - Yearly Performance Comparison

	2026 (YTD)
DDTF Innovator Equity Dual Directional 10 Buffer ETF - February	4.45%
USOY Defiance Oil Enhanced Options Income ETF	52.51%

Correlation

The correlation between DDTF and USOY is -0.50, 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	-0.50

Return for Risk

DDTF vs. USOY — Risk / Return Rank

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

USOY

USOY Risk / Return Rank: 56
USOY Sharpe Ratio Rank: 55
USOY Sortino Ratio Rank: 46
USOY Omega Ratio Rank: 55
USOY Calmar Ratio Rank: 78
USOY Martin Ratio Rank: 46

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. USOY - 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 Defiance Oil Enhanced Options Income ETF (USOY). 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	USOY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.61	0.99	+0.62

Drawdowns

DDTF vs. USOY - Drawdown Comparison

The maximum DDTF drawdown since its inception was -5.42%, smaller than the maximum USOY drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for DDTF and USOY.

Drawdown Indicators

	DDTF	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-5.42%	-17.46%	+12.04%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.29%	—
Current Drawdown Current decline from peak	-0.16%	-5.11%	+4.95%
Average Drawdown Average peak-to-trough decline	-1.04%	-6.47%	+5.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.42%	—

Volatility

Volatility by Period

	DDTF	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.62%	—
Volatility (6M) Calculated over the trailing 6-month period	—	27.18%	—
Volatility (1Y) Calculated over the trailing 1-year period	8.72%	30.44%	-21.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.72%	26.13%	-17.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.72%	26.13%	-17.41%

DDTF vs. USOY - Expense Ratio Comparison

DDTF has a 0.79% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

DDTF vs. USOY - Dividend Comparison

DDTF has not paid dividends to shareholders, while USOY's dividend yield for the trailing twelve months is around 54.16%.

Position	TTM	2025	2024
DDTF Innovator Equity Dual Directional 10 Buffer ETF - February	0.00%	0.00%	0.00%
USOY Defiance Oil Enhanced Options Income ETF	54.16%	104.32%	48.60%

Frequently Asked Questions

Can I hold both DDTF and USOY in my portfolio?

DDTF and USOY have a correlation of -0.50, 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 USOY?

On fees, DDTF is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDTF or USOY?

DDTF is cheaper with a 0.79% expense ratio, compared with 1.22% for USOY.

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

USOY has the higher dividend yield at 54.16%, compared with 0.00% for DDTF.

What is the main difference between DDTF and USOY?

DDTF is categorized as Defined Outcome, while USOY is Derivative Income. They also come from different issuers: Innovator and Defiance. Their fees differ too: 0.79% for DDTF and 1.22% for USOY.