DDTJ vs. BALT

Last updated Jun 6, 2026

DDTJ (Innovator Equity Dual Directional 10 Buffer ETF - January) and BALT (Innovator Defined Wealth Shield ETF) are both Defined Outcome funds from Innovator. DDTJ is actively managed, while BALT is passively managed. A 0.73 correlation means they provide meaningful diversification when combined. DDTJ charges 0.79%/yr vs 0.69%/yr for BALT.

Performance

DDTJ vs. BALT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Dual Directional 10 Buffer ETF - January (DDTJ) and Innovator Defined Wealth Shield ETF (BALT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DDTJ

• 1D: -0.97%
• 1M: 0.50%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BALT

• 1D: -0.06%
• 1M: 0.44%
• YTD: 1.97%
• 6M: 2.77%
• 1Y: 7.12%
• 3Y*: 7.31%
• 5Y*: —
• 10Y*: —

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

DDTJ vs. BALT - Yearly Performance Comparison

	2026 (YTD)
DDTJ Innovator Equity Dual Directional 10 Buffer ETF - January	4.65%
BALT Innovator Defined Wealth Shield ETF	1.88%

Correlation

The correlation between DDTJ and BALT is 0.73, 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	0.73

DDTJ vs. BALT - Sectors Allocation Comparison

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

Return for Risk

DDTJ vs. BALT — Risk / Return Rank

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

BALT

BALT Risk / Return Rank: 93
BALT Sharpe Ratio Rank: 93
BALT Sortino Ratio Rank: 95
BALT Omega Ratio Rank: 95
BALT Calmar Ratio Rank: 92
BALT Martin Ratio Rank: 93

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.

DDTJ vs. BALT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Dual Directional 10 Buffer ETF - January (DDTJ) and Innovator Defined Wealth Shield ETF (BALT). 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

	DDTJ	BALT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.26	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.44	1.80	-0.36

Drawdowns

DDTJ vs. BALT - Drawdown Comparison

The maximum DDTJ drawdown since its inception was -5.15%, which is greater than BALT's maximum drawdown of -4.89%. Use the drawdown chart below to compare losses from any high point for DDTJ and BALT.

Drawdown Indicators

	DDTJ	BALT	Difference
Max Drawdown Largest peak-to-trough decline	-5.15%	-4.89%	-0.26%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.15%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.89%	—
Current Drawdown Current decline from peak	-0.97%	-0.06%	-0.91%
Average Drawdown Average peak-to-trough decline	-0.83%	-0.34%	-0.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.31%	—

Volatility

Volatility by Period

	DDTJ	BALT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.38%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.56%	—
Volatility (1Y) Calculated over the trailing 1-year period	7.99%	2.19%	+5.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.99%	3.31%	+4.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.99%	3.31%	+4.68%

DDTJ vs. BALT - Expense Ratio Comparison

DDTJ has a 0.79% expense ratio, which is higher than BALT's 0.69% expense ratio.

Dividends

DDTJ vs. BALT - Dividend Comparison

Neither DDTJ nor BALT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DDTJ and BALT in my portfolio?

DDTJ and BALT have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DDTJ or BALT?

On fees, BALT is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDTJ or BALT?

BALT is cheaper with a 0.69% expense ratio, compared with 0.79% for DDTJ.

Which ETF pays a higher dividend yield, DDTJ or BALT?

DDTJ and BALT have nearly identical dividend yields, around 0.00%.

What is the main difference between DDTJ and BALT?

Their fees differ too: 0.79% for DDTJ and 0.69% for BALT.