DDTM vs. PMMY

Last updated Aug 6, 2026

DDTM (Innovator Equity Dual Directional 10 Buffer ETF - March) and PMMY (PGIM S&P 500 Max Buffer ETF - May) are both Defined Outcome funds. DDTM is passively managed, while PMMY is actively managed. Their correlation of 0.81 means they have usually moved in the same direction. DDTM charges 0.79%/yr vs 0.50%/yr for PMMY.

Performance

DDTM vs. PMMY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Dual Directional 10 Buffer ETF - March (DDTM) and PGIM S&P 500 Max Buffer ETF - May (PMMY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DDTM

• 1D: 0.07%
• 1M: 1.39%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

PMMY

• 1D: 0.06%
• 1M: 0.69%
• 6M: 2.69%
• YTD: 3.03%
• 1Y: 5.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.99%

*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)
DDTM Innovator Equity Dual Directional 10 Buffer ETF - March	$8.47K	$12.68K	$18.00K
PMMY PGIM S&P 500 Max Buffer ETF - May	$174.64	$4.28K	$24.93K

DDTM vs. PMMY - Yearly Performance Comparison

	2026 (YTD)
DDTM Innovator Equity Dual Directional 10 Buffer ETF - March	6.22%
PMMY PGIM S&P 500 Max Buffer ETF - May	2.33%

Correlation

The correlation between DDTM and PMMY is 0.81, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 2, 2026	0.81

Return for Risk

DDTM vs. PMMY — Risk / Return Rank

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

DDTM

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

PMMY

PMMY Risk / Return Rank: 98
PMMY Sharpe Ratio Rank: 98
PMMY Sortino Ratio Rank: 98
PMMY Omega Ratio Rank: 98
PMMY Calmar Ratio Rank: 98
PMMY Martin Ratio Rank: 98

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.

DDTM vs. PMMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Dual Directional 10 Buffer ETF - March (DDTM) and PGIM S&P 500 Max Buffer ETF - May (PMMY). 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.

	DDTM	PMMY	Difference
Sharpe ratio: Return per unit of total volatility	—	3.88	—
Sortino ratio: Return per unit of downside risk	—	5.98	—
Omega ratio: Gain probability vs. loss probability	—	1.96	—
Calmar ratio: Return relative to maximum drawdown	—	9.17	—
Martin ratio: Return relative to average drawdown	—	47.85	—

Drawdowns

DDTM vs. PMMY - Drawdown Comparison

The maximum DDTM drawdown since its inception was -5.20%, which is greater than PMMY's maximum drawdown of -0.60%. Use the drawdown chart below to compare losses from any high point for DDTM and PMMY.

Drawdown Indicators

	DDTM	PMMY	Difference
Max Drawdown Largest peak-to-trough decline	-5.20%	-0.60%	-4.60%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.60%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.80%	-0.06%	-0.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.11%	—

Volatility

Volatility by Period

	DDTM	PMMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.61%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.22%	—
Volatility (1Y) Calculated over the trailing 1-year period	7.55%	1.41%	+6.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.55%	1.55%	+6.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.55%	1.55%	+6.00%

DDTM vs. PMMY - Expense Ratio Comparison

DDTM has a 0.79% expense ratio, which is higher than PMMY's 0.50% expense ratio.

Dividends

DDTM vs. PMMY - Dividend Comparison

Neither DDTM nor PMMY has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DDTM and PMMY in my portfolio?

DDTM and PMMY have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DDTM or PMMY?

On fees, PMMY is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDTM or PMMY?

PMMY is cheaper with a 0.50% expense ratio, compared with 0.79% for DDTM.

Which ETF pays a higher dividend yield, DDTM or PMMY?

DDTM and PMMY have nearly identical dividend yields, around 0.00%.

What is the main difference between DDTM and PMMY?

They also come from different issuers: Innovator and PGIM. Their fees differ too: 0.79% for DDTM and 0.50% for PMMY.