DDTL vs. WZRD

Last updated Jul 17, 2026

DDTL (Innovator Equity Dual Directional 10 Buffer ETF - July) and WZRD (Opportunistic Trader ETF) are both exchange-traded funds - DDTL is a Defined Outcome fund managed by Innovator, while WZRD is a Large Cap Blend Equities fund managed by Opportunistic Trader. Over the past year, DDTL returned 11.58% vs -86.32% for WZRD. At a correlation of -0.05, they often move in opposite directions. DDTL charges 0.79%/yr vs 1.07%/yr for WZRD.

Performance

DDTL vs. WZRD - 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 Opportunistic Trader ETF (WZRD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DDTL achieves a 5.40% return, which is significantly higher than WZRD's -84.25% return.

DDTL

• 1D: -0.07%
• 1M: 0.66%
• 6M: 5.00%
• YTD: 5.40%
• 1Y: 11.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

WZRD

• 1D: 18.84%
• 1M: -45.82%
• 6M: -82.64%
• YTD: -84.25%
• 1Y: -86.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DDTL vs. WZRD - Yearly Performance Comparison

	2026 (YTD)	2025
DDTL Innovator Equity Dual Directional 10 Buffer ETF - July	5.40%	4.70%
WZRD Opportunistic Trader ETF	-84.25%	-11.08%

Correlation

The correlation between DDTL and WZRD is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.05
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025	-0.05

Return for Risk

DDTL vs. WZRD — 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: 85
DDTL Sortino Ratio Rank: 87
DDTL Omega Ratio Rank: 90
DDTL Calmar Ratio Rank: 75
DDTL Martin Ratio Rank: 90

WZRD

WZRD Risk / Return Rank: 0
WZRD Sharpe Ratio Rank: 1
WZRD Sortino Ratio Rank: 0
WZRD Omega Ratio Rank: 0
WZRD Calmar Ratio Rank: 1
WZRD Martin Ratio Rank: 0

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. WZRD - 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 Opportunistic Trader ETF (WZRD). 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	WZRD	Difference
Sharpe ratio: Return per unit of total volatility	2.18	-1.09	+3.28
Sortino ratio: Return per unit of downside risk	3.20	-2.50	+5.70
Omega ratio: Gain probability vs. loss probability	1.45	0.65	+0.80
Calmar ratio: Return relative to maximum drawdown	3.08	-0.95	+4.03
Martin ratio: Return relative to average drawdown	16.03	-2.06	+18.09

DDTL vs. WZRD - Sharpe Ratio Comparison

The current DDTL Sharpe Ratio is 2.18, which is higher than the WZRD Sharpe Ratio of -1.09. The chart below compares the historical Sharpe Ratios of DDTL and WZRD, 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. WZRD - Drawdown Comparison

The maximum DDTL drawdown since its inception was -3.78%, smaller than the maximum WZRD drawdown of -91.23%. Use the drawdown chart below to compare losses from any high point for DDTL and WZRD.

Drawdown Indicators

	DDTL	WZRD	Difference
Max Drawdown Largest peak-to-trough decline	-3.78%	-91.23%	+87.45%
Max Drawdown (1Y) Largest decline over 1 year	-3.78%	-91.23%	+87.45%
Current Drawdown Current decline from peak	-0.18%	-87.21%	+87.03%
Average Drawdown Average peak-to-trough decline	-0.43%	-30.69%	+30.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.72%	41.83%	-41.11%

Volatility

DDTL vs. WZRD - Volatility Comparison

The current volatility for Innovator Equity Dual Directional 10 Buffer ETF - July (DDTL) is 0.99%, while Opportunistic Trader ETF (WZRD) has a volatility of 63.62%. This indicates that DDTL experiences smaller price fluctuations and is considered to be less risky than WZRD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DDTL	WZRD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.99%	63.62%	-62.63%
Volatility (6M) Calculated over the trailing 6-month period	4.06%	78.11%	-74.05%
Volatility (1Y) Calculated over the trailing 1-year period	5.33%	79.16%	-73.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.53%	77.46%	-71.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.53%	77.46%	-71.93%

DDTL vs. WZRD - Expense Ratio Comparison

DDTL has a 0.79% expense ratio, which is lower than WZRD's 1.07% expense ratio.

Dividends

DDTL vs. WZRD - Dividend Comparison

DDTL has not paid dividends to shareholders, while WZRD's dividend yield for the trailing twelve months is around 8.17%.

Position	TTM	2025
DDTL Innovator Equity Dual Directional 10 Buffer ETF - July	0.00%	0.00%
WZRD Opportunistic Trader ETF	8.17%	1.29%

Frequently Asked Questions

Can I hold both DDTL and WZRD in my portfolio?

DDTL and WZRD have a correlation of -0.05, 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 WZRD?

WZRD has higher volatility (63.62%) compared to DDTL (0.99%). In terms of maximum drawdown, DDTL dropped -3.78% vs WZRD's -91.23%.

Which ETF is better, DDTL or WZRD?

On 1-year performance, DDTL leads with 11.58% vs -86.32% for WZRD. On fees, DDTL is cheaper at 0.79% per year. On volatility, DDTL has been the lower-risk option at 0.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DDTL or WZRD?

Over the 1-year period, DDTL has performed better with a 11.58% return vs -86.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DDTL or WZRD?

DDTL is cheaper with a 0.79% expense ratio, compared with 1.07% for WZRD.

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

WZRD has the higher dividend yield at 8.17%, compared with 0.00% for DDTL.

What is the main difference between DDTL and WZRD?

DDTL is categorized as Defined Outcome, while WZRD is Large Cap Blend Equities. They also come from different issuers: Innovator and Opportunistic Trader. Their fees differ too: 0.79% for DDTL and 1.07% for WZRD.

Which has better risk-adjusted returns?

DDTL currently has the higher Sharpe Ratio (2.18 vs -1.09), 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.