DDTL vs. SELV

Last updated Jul 31, 2026

DDTL (Innovator Equity Dual Directional 10 Buffer ETF - July) and SELV (SEI Enhanced Low Volatility US Large Cap ETF) are both exchange-traded funds - DDTL is a Defined Outcome fund tracking the SPDR S&P 500 ETF Trust (SPY), while SELV is a Low Volatility fund actively managed by SEI. DDTL is passively managed, while SELV is actively managed. Over the past year, DDTL returned 10.02% vs 12.51% for SELV. Their 0.21 correlation means their historical movements had little consistent relationship. DDTL charges 0.79%/yr vs 0.15%/yr for SELV.

Performance

DDTL vs. SELV - 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 SEI Enhanced Low Volatility US Large Cap ETF (SELV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DDTL achieves a 4.97% return, which is significantly lower than SELV's 6.37% return.

DDTL

• 1D: 1.20%
• 1M: -0.14%
• 6M: 4.37%
• YTD: 4.97%
• 1Y: 10.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.15%

SELV

• 1D: -1.33%
• 1M: 4.65%
• 6M: 4.43%
• YTD: 6.37%
• 1Y: 12.51%
• 3Y*: 11.87%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.41%

*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)
DDTL Innovator Equity Dual Directional 10 Buffer ETF - July	$1.31M	$1.85M	$1.67M
SELV SEI Enhanced Low Volatility US Large Cap ETF	$618.13K	$513.49K	$533.99K

DDTL vs. SELV - Yearly Performance Comparison

	2026 (YTD)	2025
DDTL Innovator Equity Dual Directional 10 Buffer ETF - July	4.97%	4.70%
SELV SEI Enhanced Low Volatility US Large Cap ETF	6.37%	4.50%

Correlation

The correlation between DDTL and SELV is 0.21, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.21
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025	0.21

Return for Risk

DDTL vs. SELV — Risk / Return Rank

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

DDTL

DDTL Risk / Return Rank: 81
DDTL Sharpe Ratio Rank: 78
DDTL Sortino Ratio Rank: 80
DDTL Omega Ratio Rank: 84
DDTL Calmar Ratio Rank: 76
DDTL Martin Ratio Rank: 89

SELV

SELV Risk / Return Rank: 55
SELV Sharpe Ratio Rank: 54
SELV Sortino Ratio Rank: 56
SELV Omega Ratio Rank: 52
SELV Calmar Ratio Rank: 62
SELV Martin Ratio Rank: 50

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. SELV - 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 SEI Enhanced Low Volatility US Large Cap ETF (SELV). 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	SELV	Difference
Sharpe ratio: Return per unit of total volatility	1.76	1.28	+0.49
Sortino ratio: Return per unit of downside risk	2.56	1.91	+0.65
Omega ratio: Gain probability vs. loss probability	1.36	1.23	+0.13
Calmar ratio: Return relative to maximum drawdown	2.66	2.12	+0.54
Martin ratio: Return relative to average drawdown	13.41	5.68	+7.73

DDTL vs. SELV - Sharpe Ratio Comparison

The current DDTL Sharpe Ratio is 1.76, which is higher than the SELV Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of DDTL and SELV, 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. SELV - Drawdown Comparison

The maximum DDTL drawdown since its inception was -3.78%, smaller than the maximum SELV drawdown of -13.73%. Use the drawdown chart below to compare losses from any high point for DDTL and SELV.

Drawdown Indicators

	DDTL	SELV	Difference
Max Drawdown Largest peak-to-trough decline	-3.78%	-13.73%	+9.95%
Max Drawdown (1Y) Largest decline over 1 year	-3.78%	-5.92%	+2.14%
Max Drawdown (3Y) Largest decline over 3 years	—	-8.94%	—
Current Drawdown Current decline from peak	-0.59%	-1.40%	+0.81%
Average Drawdown Average peak-to-trough decline	-0.45%	-2.35%	+1.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.75%	2.21%	-1.46%

Volatility

DDTL vs. SELV - Volatility Comparison

The current volatility for Innovator Equity Dual Directional 10 Buffer ETF - July (DDTL) is 2.40%, while SEI Enhanced Low Volatility US Large Cap ETF (SELV) has a volatility of 4.57%. This indicates that DDTL experiences smaller price fluctuations and is considered to be less risky than SELV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DDTL	SELV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.40%	4.57%	-2.17%
Volatility (6M) Calculated over the trailing 6-month period	4.39%	8.00%	-3.61%
Volatility (1Y) Calculated over the trailing 1-year period	5.71%	9.88%	-4.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.81%	11.98%	-6.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.81%	11.98%	-6.17%

DDTL vs. SELV - Expense Ratio Comparison

DDTL has a 0.79% expense ratio, which is higher than SELV's 0.15% expense ratio.

Dividends

DDTL vs. SELV - Dividend Comparison

DDTL has not paid dividends to shareholders, while SELV's dividend yield for the trailing twelve months is around 1.68%.

Position	TTM	2025	2024	2023	2022
DDTL Innovator Equity Dual Directional 10 Buffer ETF - July	0.00%	0.00%	0.00%	0.00%	0.00%
SELV SEI Enhanced Low Volatility US Large Cap ETF	1.68%	1.74%	1.77%	2.06%	1.26%

Frequently Asked Questions

Can I hold both DDTL and SELV in my portfolio?

DDTL and SELV have a correlation of 0.21, 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 SELV?

SELV has higher volatility (4.57%) compared to DDTL (2.40%). In terms of maximum drawdown, DDTL dropped -3.78% vs SELV's -13.73%.

Which ETF is better, DDTL or SELV?

On 1-year performance, SELV leads with 12.51% vs 10.02% for DDTL. On fees, SELV is cheaper at 0.15% per year. On volatility, DDTL has been the lower-risk option at 2.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DDTL or SELV?

Over the 1-year period, SELV has performed better with a 12.51% return vs 10.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DDTL or SELV?

SELV is cheaper with a 0.15% expense ratio, compared with 0.79% for DDTL.

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

SELV has the higher dividend yield at 1.68%, compared with 0.00% for DDTL.

What is the main difference between DDTL and SELV?

DDTL is categorized as Defined Outcome, while SELV is Low Volatility. They also come from different issuers: Innovator and SEI. Their fees differ too: 0.79% for DDTL and 0.15% for SELV.

Which has better risk-adjusted returns?

DDTL currently has the higher Sharpe Ratio (1.76 vs 1.28), 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.