DDTL vs. FLCE

Last updated Jun 4, 2026

DDTL (Innovator Equity Dual Directional 10 Buffer ETF - July) and FLCE (Frontier Asset U.S. Large Cap Equity ETF) are both exchange-traded funds - DDTL is a Defined Outcome fund managed by Innovator, while FLCE is a Large Cap Blend Equities fund actively managed by Frontier. A 0.79 correlation means they provide meaningful diversification when combined. DDTL charges 0.79%/yr vs 0.90%/yr for FLCE.

Performance

DDTL vs. FLCE - 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 Frontier Asset U.S. Large Cap Equity ETF (FLCE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DDTL achieves a 4.57% return, which is significantly lower than FLCE's 8.81% return.

DDTL

• 1D: 0.02%
• 1M: 1.32%
• YTD: 4.57%
• 6M: 5.34%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FLCE

• 1D: -0.47%
• 1M: 4.57%
• YTD: 8.81%
• 6M: 8.78%
• 1Y: 23.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DDTL vs. FLCE - Yearly Performance Comparison

	2026 (YTD)	2025
DDTL Innovator Equity Dual Directional 10 Buffer ETF - July	4.57%	6.48%
FLCE Frontier Asset U.S. Large Cap Equity ETF	8.81%	9.18%

Correlation

The correlation between DDTL and FLCE is 0.79, 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 Jul 2, 2025	0.79

Return for Risk

DDTL vs. FLCE — Risk / Return Rank

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

FLCE

FLCE Risk / Return Rank: 61
FLCE Sharpe Ratio Rank: 62
FLCE Sortino Ratio Rank: 63
FLCE Omega Ratio Rank: 61
FLCE Calmar Ratio Rank: 54
FLCE Martin Ratio Rank: 65

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.

DDTL vs. FLCE - 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 Frontier Asset U.S. Large Cap Equity ETF (FLCE). 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

	DDTL	FLCE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.27	0.99	+1.28

Drawdowns

DDTL vs. FLCE - Drawdown Comparison

The maximum DDTL drawdown since its inception was -3.78%, smaller than the maximum FLCE drawdown of -17.52%. Use the drawdown chart below to compare losses from any high point for DDTL and FLCE.

Drawdown Indicators

	DDTL	FLCE	Difference
Max Drawdown Largest peak-to-trough decline	-3.78%	-17.52%	+13.74%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.90%	—
Current Drawdown Current decline from peak	0.00%	-0.47%	+0.47%
Average Drawdown Average peak-to-trough decline	-0.40%	-2.44%	+2.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.00%	—

Volatility

Volatility by Period

	DDTL	FLCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.70%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.73%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.46%	11.41%	-5.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.46%	16.07%	-10.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.46%	16.07%	-10.61%

DDTL vs. FLCE - Expense Ratio Comparison

DDTL has a 0.79% expense ratio, which is lower than FLCE's 0.90% expense ratio.

Dividends

DDTL vs. FLCE - Dividend Comparison

DDTL has not paid dividends to shareholders, while FLCE's dividend yield for the trailing twelve months is around 0.30%.

Position	TTM	2025	2024
DDTL Innovator Equity Dual Directional 10 Buffer ETF - July	0.00%	0.00%	0.00%
FLCE Frontier Asset U.S. Large Cap Equity ETF	0.30%	0.32%	0.01%

Frequently Asked Questions

Can I hold both DDTL and FLCE in my portfolio?

DDTL and FLCE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DDTL or FLCE?

On fees, DDTL 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, DDTL or FLCE?

DDTL is cheaper with a 0.79% expense ratio, compared with 0.90% for FLCE.

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

FLCE has the higher dividend yield at 0.30%, compared with 0.00% for DDTL.

What is the main difference between DDTL and FLCE?

DDTL is categorized as Defined Outcome, while FLCE is Large Cap Blend Equities. They also come from different issuers: Innovator and Frontier. Their fees differ too: 0.79% for DDTL and 0.90% for FLCE.