DDTF vs. XOP

Last updated Jul 22, 2026

DDTF (Innovator Equity Dual Directional 10 Buffer ETF - February) and XOP (SPDR S&P Oil & Gas Exploration & Production ETF) are both exchange-traded funds - DDTF is a Defined Outcome fund actively managed by Innovator, while XOP is a Energy Equities fund tracking the S&P Oil & Gas Exploration & Production Select Industry. DDTF is actively managed, while XOP is passively managed. At a correlation of -0.38, they often move in opposite directions. DDTF charges 0.79%/yr vs 0.35%/yr for XOP.

Performance

DDTF vs. XOP - 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 SPDR S&P Oil & Gas Exploration & Production ETF (XOP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DDTF

• 1D: 0.40%
• 1M: 0.56%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

XOP

• 1D: 2.23%
• 1M: 13.90%
• 6M: 35.16%
• YTD: 38.91%
• 1Y: 40.98%
• 3Y*: 11.09%
• 5Y*: 18.74%
• 10Y*: 4.42%
• ALL TIME*: 2.58%

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

DDTF vs. XOP - Yearly Performance Comparison

	2026 (YTD)
DDTF Innovator Equity Dual Directional 10 Buffer ETF - February	5.61%
XOP SPDR S&P Oil & Gas Exploration & Production ETF	25.06%

Correlation

The correlation between DDTF and XOP is -0.38, 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 2, 2026	-0.38

DDTF vs. XOP - Sectors Allocation Comparison

Sectors	DDTF	XOP
Technology	37.9%	0.6%
Financial Services	11.7%	-
Communication Services	10.0%	-
Consumer Cyclical	9.6%	-
Healthcare	9.1%	-
Industrials	8.4%	2.2%
Consumer Defensive	4.6%	-
Energy	3.0%	95.1%
Utilities	2.3%	-
Real Estate	1.9%	-
Basic Materials	1.7%	4.3%

Return for Risk

DDTF vs. XOP — Risk / Return Rank

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

DDTF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

XOP

XOP Risk / Return Rank: 54
XOP Sharpe Ratio Rank: 59
XOP Sortino Ratio Rank: 53
XOP Omega Ratio Rank: 51
XOP Calmar Ratio Rank: 60
XOP Martin Ratio Rank: 45

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. XOP - 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 SPDR S&P Oil & Gas Exploration & Production ETF (XOP). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DDTF	XOP	Difference
Sharpe ratio: Return per unit of total volatility	—	1.46	—
Sortino ratio: Return per unit of downside risk	—	1.95	—
Omega ratio: Gain probability vs. loss probability	—	1.24	—
Calmar ratio: Return relative to maximum drawdown	—	2.23	—
Martin ratio: Return relative to average drawdown	—	5.37	—

Drawdowns

DDTF vs. XOP - Drawdown Comparison

The maximum DDTF drawdown since its inception was -5.42%, smaller than the maximum XOP drawdown of -90.27%. Use the drawdown chart below to compare losses from any high point for DDTF and XOP.

Drawdown Indicators

	DDTF	XOP	Difference
Max Drawdown Largest peak-to-trough decline	-5.42%	-90.27%	+84.85%
Max Drawdown (1Y) Largest decline over 1 year	—	-18.50%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-34.98%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.98%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-82.61%	—
Current Drawdown Current decline from peak	-0.27%	-35.08%	+34.81%
Average Drawdown Average peak-to-trough decline	-0.89%	-42.57%	+41.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.65%	—

Volatility

Volatility by Period

	DDTF	XOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.67%	—
Volatility (6M) Calculated over the trailing 6-month period	—	22.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	8.44%	28.25%	-19.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.44%	33.55%	-25.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.44%	40.18%	-31.74%

DDTF vs. XOP - Expense Ratio Comparison

DDTF has a 0.79% expense ratio, which is higher than XOP's 0.35% expense ratio.

Dividends

DDTF vs. XOP - Dividend Comparison

DDTF has not paid dividends to shareholders, while XOP's dividend yield for the trailing twelve months is around 1.87%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%
XOP SPDR S&P Oil & Gas Exploration & Production ETF	1.87%	2.62%	2.45%	2.63%	2.47%	1.61%	2.34%	1.47%	0.99%	0.76%	0.76%	2.21%

Frequently Asked Questions

Can I hold both DDTF and XOP in my portfolio?

DDTF and XOP have a correlation of -0.38, 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 XOP?

On fees, XOP is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDTF or XOP?

XOP is cheaper with a 0.35% expense ratio, compared with 0.79% for DDTF.

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

XOP has the higher dividend yield at 1.87%, compared with 0.00% for DDTF.

What is the main difference between DDTF and XOP?

DDTF is categorized as Defined Outcome, while XOP is Energy Equities. They also come from different issuers: Innovator and State Street. Their fees differ too: 0.79% for DDTF and 0.35% for XOP.