DDTL vs. RND

Last updated Jul 14, 2026

DDTL (Innovator Equity Dual Directional 10 Buffer ETF - July) and RND (First Trust Bloomberg R&D Leaders ETF) are both exchange-traded funds - DDTL is a Defined Outcome fund managed by Innovator, while RND is a Large Cap Blend Equities fund tracking the Bloomberg R&D Leaders Select Index. Over the past year, DDTL returned 11.38% vs 17.86% for RND. A 0.77 correlation means they provide meaningful diversification when combined. DDTL charges 0.79%/yr vs 0.60%/yr for RND.

Performance

DDTL vs. RND - 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 First Trust Bloomberg R&D Leaders ETF (RND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with DDTL having a 5.21% return and RND slightly lower at 4.95%.

DDTL

• 1D: -0.36%
• 1M: 0.64%
• 6M: 4.48%
• YTD: 5.21%
• 1Y: 11.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RND

• 1D: -1.04%
• 1M: 2.43%
• 6M: 3.74%
• YTD: 4.95%
• 1Y: 17.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DDTL vs. RND - Yearly Performance Comparison

	2026 (YTD)	2025
DDTL Innovator Equity Dual Directional 10 Buffer ETF - July	5.21%	4.70%
RND First Trust Bloomberg R&D Leaders ETF	4.95%	13.32%

Correlation

The correlation between DDTL and RND is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025	0.77

The correlation between DDTL and RND has been stable across timeframes, ranging from 0.76 to 0.77 - a consistent structural relationship.

Return for Risk

DDTL vs. RND — Risk / Return Rank

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

DDTL

DDTL Risk / Return Rank: 85
DDTL Sharpe Ratio Rank: 84
DDTL Sortino Ratio Rank: 87
DDTL Omega Ratio Rank: 89
DDTL Calmar Ratio Rank: 75
DDTL Martin Ratio Rank: 90

RND

RND Risk / Return Rank: 34
RND Sharpe Ratio Rank: 37
RND Sortino Ratio Rank: 35
RND Omega Ratio Rank: 35
RND Calmar Ratio Rank: 29
RND Martin Ratio Rank: 33

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. RND - 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 First Trust Bloomberg R&D Leaders ETF (RND). 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	RND	Difference
Sharpe ratio: Return per unit of total volatility	2.15	1.08	+1.07
Sortino ratio: Return per unit of downside risk	3.15	1.55	+1.60
Omega ratio: Gain probability vs. loss probability	1.44	1.19	+0.25
Calmar ratio: Return relative to maximum drawdown	3.03	1.15	+1.87
Martin ratio: Return relative to average drawdown	15.76	4.03	+11.74

DDTL vs. RND - Sharpe Ratio Comparison

The current DDTL Sharpe Ratio is 2.15, which is higher than the RND Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of DDTL and RND, 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. RND - Drawdown Comparison

The maximum DDTL drawdown since its inception was -3.78%, smaller than the maximum RND drawdown of -23.52%. Use the drawdown chart below to compare losses from any high point for DDTL and RND.

Drawdown Indicators

	DDTL	RND	Difference
Max Drawdown Largest peak-to-trough decline	-3.78%	-23.52%	+19.74%
Max Drawdown (1Y) Largest decline over 1 year	-3.78%	-15.56%	+11.78%
Current Drawdown Current decline from peak	-0.36%	-2.25%	+1.89%
Average Drawdown Average peak-to-trough decline	-0.43%	-3.69%	+3.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.72%	4.45%	-3.73%

Volatility

DDTL vs. RND - Volatility Comparison

The current volatility for Innovator Equity Dual Directional 10 Buffer ETF - July (DDTL) is 1.06%, while First Trust Bloomberg R&D Leaders ETF (RND) has a volatility of 5.46%. This indicates that DDTL experiences smaller price fluctuations and is considered to be less risky than RND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DDTL	RND	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.06%	5.46%	-4.40%
Volatility (6M) Calculated over the trailing 6-month period	4.06%	13.06%	-9.00%
Volatility (1Y) Calculated over the trailing 1-year period	5.34%	16.64%	-11.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.56%	21.13%	-15.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.56%	21.13%	-15.57%

DDTL vs. RND - Expense Ratio Comparison

DDTL has a 0.79% expense ratio, which is higher than RND's 0.60% expense ratio.

Dividends

DDTL vs. RND - Dividend Comparison

Neither DDTL nor RND has paid dividends to shareholders.

Position	TTM	2025	2024
DDTL Innovator Equity Dual Directional 10 Buffer ETF - July	0.00%	0.00%	0.00%
RND First Trust Bloomberg R&D Leaders ETF	0.00%	0.00%	0.04%

Frequently Asked Questions

Can I hold both DDTL and RND in my portfolio?

DDTL and RND have a correlation of 0.76, 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 RND?

RND has higher volatility (5.46%) compared to DDTL (1.06%). In terms of maximum drawdown, DDTL dropped -3.78% vs RND's -23.52%.

Which ETF is better, DDTL or RND?

On 1-year performance, RND leads with 17.86% vs 11.38% for DDTL. On fees, RND is cheaper at 0.60% per year. On volatility, DDTL has been the lower-risk option at 1.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DDTL or RND?

Over the 1-year period, RND has performed better with a 17.86% return vs 11.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DDTL or RND?

RND is cheaper with a 0.60% expense ratio, compared with 0.79% for DDTL.

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

DDTL and RND have nearly identical dividend yields, around 0.00%.

What is the main difference between DDTL and RND?

DDTL is categorized as Defined Outcome, while RND is Large Cap Blend Equities. They also come from different issuers: Innovator and First Trust. Their fees differ too: 0.79% for DDTL and 0.60% for RND.

Which has better risk-adjusted returns?

DDTL currently has the higher Sharpe Ratio (2.15 vs 1.08), 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.