DDTM vs. TMAR

Last updated Jun 24, 2026

DDTM (Innovator Equity Dual Directional 10 Buffer ETF - March) and TMAR (FT Vest Emerging Markets Buffer ETF - March) are both Defined Outcome funds - DDTM tracks the SPDR S&P 500 ETF Trust (SPY) while TMAR tracks the iShares MSCI Emerging Markets ETF (EEM) Price Return. Both are passively managed. A 0.75 correlation means they provide meaningful diversification when combined. DDTM charges 0.79%/yr vs 0.95%/yr for TMAR.

Performance

DDTM vs. TMAR - 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 FT Vest Emerging Markets Buffer ETF - March (TMAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DDTM

• 1D: -0.42%
• 1M: -0.02%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TMAR

• 1D: -2.74%
• 1M: 0.06%
• YTD: 12.46%
• 6M: 12.76%
• 1Y: 24.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DDTM vs. TMAR - Yearly Performance Comparison

	2026 (YTD)
DDTM Innovator Equity Dual Directional 10 Buffer ETF - March	3.70%
TMAR FT Vest Emerging Markets Buffer ETF - March	10.76%

Correlation

The correlation between DDTM and TMAR is 0.75, 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 Mar 2, 2026	0.75

Return for Risk

DDTM vs. TMAR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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.

TMAR

TMAR Risk / Return Rank: 87
TMAR Sharpe Ratio Rank: 78
TMAR Sortino Ratio Rank: 79
TMAR Omega Ratio Rank: 92
TMAR Calmar Ratio Rank: 90
TMAR Martin Ratio Rank: 95

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.

DDTM vs. TMAR - 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 FT Vest Emerging Markets Buffer ETF - March (TMAR). 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	TMAR	Difference
Sharpe ratio: Return per unit of total volatility	—	2.25	—
Sortino ratio: Return per unit of downside risk	—	3.19	—
Omega ratio: Gain probability vs. loss probability	—	1.56	—
Calmar ratio: Return relative to maximum drawdown	—	5.22	—
Martin ratio: Return relative to average drawdown	—	25.73	—

Drawdowns

DDTM vs. TMAR - Drawdown Comparison

The maximum DDTM drawdown since its inception was -5.20%, smaller than the maximum TMAR drawdown of -9.93%. Use the drawdown chart below to compare losses from any high point for DDTM and TMAR.

Drawdown Indicators

	DDTM	TMAR	Difference
Max Drawdown Largest peak-to-trough decline	-5.20%	-9.93%	+4.73%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.69%	—
Current Drawdown Current decline from peak	-0.77%	-2.74%	+1.97%
Average Drawdown Average peak-to-trough decline	-0.97%	-0.72%	-0.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.95%	—

Volatility

Volatility by Period

	DDTM	TMAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.23%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.98%	—
Volatility (1Y) Calculated over the trailing 1-year period	8.30%	10.91%	-2.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.30%	12.32%	-4.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.30%	12.32%	-4.02%

DDTM vs. TMAR - Expense Ratio Comparison

DDTM has a 0.79% expense ratio, which is lower than TMAR's 0.95% expense ratio.

Dividends

DDTM vs. TMAR - Dividend Comparison

Neither DDTM nor TMAR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DDTM and TMAR in my portfolio?

DDTM and TMAR have a correlation of 0.75, 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 TMAR?

On fees, DDTM 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, DDTM or TMAR?

DDTM is cheaper with a 0.79% expense ratio, compared with 0.95% for TMAR.

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

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

What is the main difference between DDTM and TMAR?

DDTM tracks SPDR S&P 500 ETF Trust (SPY), while TMAR tracks iShares MSCI Emerging Markets ETF (EEM) Price Return. They also come from different issuers: Innovator and First Trust. Their fees differ too: 0.79% for DDTM and 0.95% for TMAR.