DDTL vs. USCL

Last updated Jun 4, 2026

DDTL (Innovator Equity Dual Directional 10 Buffer ETF - July) and USCL (Ishares Climate Conscious & Transition MSCI USA ETF) are both exchange-traded funds - DDTL is a Defined Outcome fund managed by Innovator, while USCL is a Large Cap Blend Equities fund tracking the MSCI USA Extended Climate Action Index - Benchmark TR Gross. A 0.77 correlation means they provide meaningful diversification when combined. DDTL charges 0.79%/yr vs 0.08%/yr for USCL.

Performance

DDTL vs. USCL - 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 Ishares Climate Conscious & Transition MSCI USA ETF (USCL). 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 USCL's 7.04% return.

DDTL

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

USCL

• 1D: -0.85%
• 1M: 4.29%
• YTD: 7.04%
• 6M: 6.94%
• 1Y: 20.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DDTL vs. USCL - Yearly Performance Comparison

	2026 (YTD)	2025
DDTL Innovator Equity Dual Directional 10 Buffer ETF - July	4.57%	6.48%
USCL Ishares Climate Conscious & Transition MSCI USA ETF	7.04%	8.54%

Correlation

The correlation between DDTL and USCL is 0.77, 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	0.77

Return for Risk

DDTL vs. USCL — Risk / Return Rank

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

USCL

USCL Risk / Return Rank: 47
USCL Sharpe Ratio Rank: 49
USCL Sortino Ratio Rank: 48
USCL Omega Ratio Rank: 48
USCL Calmar Ratio Rank: 41
USCL Martin Ratio Rank: 48

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. USCL - 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 Ishares Climate Conscious & Transition MSCI USA ETF (USCL). 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	USCL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.73	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.27	1.40	+0.87

Drawdowns

DDTL vs. USCL - Drawdown Comparison

The maximum DDTL drawdown since its inception was -3.78%, smaller than the maximum USCL drawdown of -19.00%. Use the drawdown chart below to compare losses from any high point for DDTL and USCL.

Drawdown Indicators

	DDTL	USCL	Difference
Max Drawdown Largest peak-to-trough decline	-3.78%	-19.00%	+15.22%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.24%	—
Current Drawdown Current decline from peak	0.00%	-0.85%	+0.85%
Average Drawdown Average peak-to-trough decline	-0.40%	-2.27%	+1.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.58%	—

Volatility

Volatility by Period

	DDTL	USCL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.79%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.46%	12.13%	-6.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.46%	14.84%	-9.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.46%	14.84%	-9.38%

DDTL vs. USCL - Expense Ratio Comparison

DDTL has a 0.79% expense ratio, which is higher than USCL's 0.08% expense ratio.

Dividends

DDTL vs. USCL - Dividend Comparison

DDTL has not paid dividends to shareholders, while USCL's dividend yield for the trailing twelve months is around 1.07%.

Position	TTM	2025	2024	2023
DDTL Innovator Equity Dual Directional 10 Buffer ETF - July	0.00%	0.00%	0.00%	0.00%
USCL Ishares Climate Conscious & Transition MSCI USA ETF	1.07%	1.10%	1.18%	0.85%

Frequently Asked Questions

Can I hold both DDTL and USCL in my portfolio?

DDTL and USCL have a correlation of 0.77, 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 USCL?

On fees, USCL is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDTL or USCL?

USCL is cheaper with a 0.08% expense ratio, compared with 0.79% for DDTL.

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

USCL has the higher dividend yield at 1.07%, compared with 0.00% for DDTL.

What is the main difference between DDTL and USCL?

DDTL is categorized as Defined Outcome, while USCL is Large Cap Blend Equities. They also come from different issuers: Innovator and iShares. Their fees differ too: 0.79% for DDTL and 0.08% for USCL.