DDTL vs. BLUX

Last updated Aug 1, 2026

DDTL (Innovator Equity Dual Directional 10 Buffer ETF - July) and BLUX (Bluemonte Dynamic Total Market ETF) are both exchange-traded funds - DDTL is a Defined Outcome fund tracking the SPDR S&P 500 ETF Trust (SPY), while BLUX is a Large Cap Blend Equities fund actively managed by Bluemonte. DDTL is passively managed, while BLUX is actively managed. Over the past year, DDTL returned 11.45% vs 24.15% for BLUX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. DDTL charges 0.79%/yr vs 0.25%/yr for BLUX.

Performance

DDTL vs. BLUX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Dual Directional 10 Buffer ETF - July (DDTL) and Bluemonte Dynamic Total Market ETF (BLUX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DDTL achieves a 5.33% return, which is significantly lower than BLUX's 14.07% return.

DDTL

• 1D: 0.34%
• 1M: 0.68%
• 6M: 4.65%
• YTD: 5.33%
• 1Y: 11.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.47%

BLUX

• 1D: 0.16%
• 1M: -0.46%
• 6M: 10.53%
• YTD: 14.07%
• 1Y: 24.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 25.49%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BLUX Bluemonte Dynamic Total Market ETF	$1.14M	$1.09M	$1.83M
DDTL Innovator Equity Dual Directional 10 Buffer ETF - July	$1.43M	$1.73M	$1.66M

DDTL vs. BLUX - Yearly Performance Comparison

	2026 (YTD)	2025
DDTL Innovator Equity Dual Directional 10 Buffer ETF - July	5.33%	4.70%
BLUX Bluemonte Dynamic Total Market ETF	14.07%	9.02%

Correlation

The correlation between DDTL and BLUX is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.75
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025	0.75

The correlation between DDTL and BLUX has been stable across timeframes, ranging from 0.75 to 0.75 - a consistent structural relationship.

Return for Risk

DDTL vs. BLUX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DDTL

DDTL Risk / Return Rank: 84
DDTL Sharpe Ratio Rank: 81
DDTL Sortino Ratio Rank: 83
DDTL Omega Ratio Rank: 86
DDTL Calmar Ratio Rank: 79
DDTL Martin Ratio Rank: 90

BLUX

BLUX Risk / Return Rank: 70
BLUX Sharpe Ratio Rank: 67
BLUX Sortino Ratio Rank: 67
BLUX Omega Ratio Rank: 65
BLUX Calmar Ratio Rank: 70
BLUX Martin Ratio Rank: 80

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DDTL vs. BLUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Dual Directional 10 Buffer ETF - July (DDTL) and Bluemonte Dynamic Total Market ETF (BLUX). 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.

	DDTL	BLUX	Difference
Sharpe ratio: Return per unit of total volatility	1.89	1.57	+0.32
Sortino ratio: Return per unit of downside risk	2.74	2.23	+0.50
Omega ratio: Gain probability vs. loss probability	1.38	1.28	+0.11
Calmar ratio: Return relative to maximum drawdown	2.85	2.48	+0.37
Martin ratio: Return relative to average drawdown	14.38	10.34	+4.04

DDTL vs. BLUX - Sharpe Ratio Comparison

The current DDTL Sharpe Ratio is 1.89, which is comparable to the BLUX Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of DDTL and BLUX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DDTL vs. BLUX - Drawdown Comparison

The maximum DDTL drawdown since its inception was -3.78%, smaller than the maximum BLUX drawdown of -9.03%. Use the drawdown chart below to compare losses from any high point for DDTL and BLUX.

Drawdown Indicators

	DDTL	BLUX	Difference
Max Drawdown Largest peak-to-trough decline	-3.78%	-9.03%	+5.25%
Max Drawdown (1Y) Largest decline over 1 year	-3.78%	-9.03%	+5.25%
Current Drawdown Current decline from peak	-0.25%	-1.08%	+0.83%
Average Drawdown Average peak-to-trough decline	-0.45%	-1.26%	+0.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.75%	2.17%	-1.42%

Volatility

DDTL vs. BLUX - Volatility Comparison

The current volatility for Innovator Equity Dual Directional 10 Buffer ETF - July (DDTL) is 2.37%, while Bluemonte Dynamic Total Market ETF (BLUX) has a volatility of 3.33%. This indicates that DDTL experiences smaller price fluctuations and is considered to be less risky than BLUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DDTL	BLUX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.37%	3.33%	-0.96%
Volatility (6M) Calculated over the trailing 6-month period	4.38%	10.90%	-6.52%
Volatility (1Y) Calculated over the trailing 1-year period	5.72%	14.35%	-8.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.81%	13.92%	-8.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.81%	13.92%	-8.11%

DDTL vs. BLUX - Expense Ratio Comparison

DDTL has a 0.79% expense ratio, which is higher than BLUX's 0.25% expense ratio.

Dividends

DDTL vs. BLUX - Dividend Comparison

DDTL has not paid dividends to shareholders, while BLUX's dividend yield for the trailing twelve months is around 1.08%.

Position	TTM	2025
BLUX Bluemonte Dynamic Total Market ETF	1.08%	0.73%
DDTL Innovator Equity Dual Directional 10 Buffer ETF - July	0.00%	0.00%

Frequently Asked Questions

Can I hold both DDTL and BLUX in my portfolio?

DDTL and BLUX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DDTL or BLUX?

BLUX has higher volatility (3.33%) compared to DDTL (2.37%). In terms of maximum drawdown, DDTL dropped -3.78% vs BLUX's -9.03%.

Which ETF is better, DDTL or BLUX?

On 1-year performance, BLUX leads with 24.15% vs 11.45% for DDTL. On fees, BLUX is cheaper at 0.25% per year. On volatility, DDTL has been the lower-risk option at 2.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DDTL or BLUX?

Over the 1-year period, BLUX has performed better with a 24.15% return vs 11.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DDTL or BLUX?

BLUX is cheaper with a 0.25% expense ratio, compared with 0.79% for DDTL.

Which ETF pays a higher dividend yield, DDTL or BLUX?

BLUX has the higher dividend yield at 1.08%, compared with 0.00% for DDTL.

What is the main difference between DDTL and BLUX?

DDTL is categorized as Defined Outcome, while BLUX is Large Cap Blend Equities. They also come from different issuers: Innovator and Bluemonte. Their fees differ too: 0.79% for DDTL and 0.25% for BLUX.

Which has better risk-adjusted returns?

DDTL currently has the higher Sharpe Ratio (1.89 vs 1.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.