DDTL vs. WZRD

Last updated Jun 4, 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. At a correlation of -0.04, 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 4.57% return, which is significantly higher than WZRD's -61.22% return.

DDTL

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

WZRD

• 1D: -2.75%
• 1M: -16.35%
• YTD: -61.22%
• 6M: -63.74%
• 1Y: —
• 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	4.57%	6.48%
WZRD Opportunistic Trader ETF	-61.22%	-11.07%

Correlation

The correlation between DDTL and WZRD is -0.04, 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 (All Time) Calculated using the full available price history since Jul 2, 2025	-0.04

Return for Risk

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	DDTL	WZRD	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.27	-1.34	+3.61

Drawdowns

DDTL vs. WZRD - Drawdown Comparison

The maximum DDTL drawdown since its inception was -3.78%, smaller than the maximum WZRD drawdown of -71.81%. 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%	-71.81%	+68.03%
Current Drawdown Current decline from peak	0.00%	-68.50%	+68.50%
Average Drawdown Average peak-to-trough decline	-0.40%	-23.31%	+22.91%

Volatility

Volatility by Period

	DDTL	WZRD	Difference
Volatility (1Y) Calculated over the trailing 1-year period	5.46%	50.72%	-45.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.46%	50.72%	-45.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.46%	50.72%	-45.26%

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 3.32%.

Position	TTM	2025
DDTL Innovator Equity Dual Directional 10 Buffer ETF - July	0.00%	0.00%
WZRD Opportunistic Trader ETF	3.32%	1.29%

Frequently Asked Questions

Can I hold both DDTL and WZRD in my portfolio?

DDTL and WZRD have a correlation of -0.04, 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 WZRD?

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 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 3.32%, 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.