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DDTN vs. BOUT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DDTN vs. BOUT

Last updated Aug 5, 2026
Documentation

DDTN (Innovator Equity Dual Directional 10 Buffer ETF - November) and BOUT (Innovator IBD Breakout Opportunities ETF) are both exchange-traded funds - DDTN is a Defined Outcome fund actively managed by Innovator, while BOUT is a Mid Cap Growth Equities fund tracking the IBD Breakout Stocks Total Return Index. DDTN is actively managed, while BOUT is passively managed. Their 0.74 correlation means they have sometimes moved together and sometimes differently. DDTN charges 0.79%/yr vs 0.80%/yr for BOUT.

Performance

DDTN vs. BOUT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Dual Directional 10 Buffer ETF - November (DDTN) and Innovator IBD Breakout Opportunities ETF (BOUT). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DDTN achieves a 8.54% return, which is significantly lower than BOUT's 29.11% return.

DDTN

1D
0.70%
1M
2.05%
6M
7.93%
YTD
8.54%
1Y
—
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
—

BOUT

1D
1.43%
1M
-0.37%
6M
18.45%
YTD
29.11%
1Y
26.30%
3Y*
14.02%
5Y*
7.02%
10Y*
—
ALL TIME*
8.79%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

BOUT

Innovator IBD Breakout Opportunities ETF
$73.06K$113.77K$104.46K

DDTN

Innovator Equity Dual Directional 10 Buffer ETF - November
$679.68K$320.37K$284.49K

DDTN vs. BOUT - Yearly Performance Comparison

2026 (YTD)2025
DDTN
Innovator Equity Dual Directional 10 Buffer ETF - November		8.54%0.84%
BOUT
Innovator IBD Breakout Opportunities ETF		29.11%-3.60%

Correlation

The correlation between DDTN and BOUT is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (All Time)
Calculated using the full available price history since Nov 3, 2025

0.74

DDTN vs. BOUT - Sectors Allocation Comparison

Sectors
DDTN
BOUT

Technology

37.9%
26.9%

Financial Services

11.7%
37.6%

Communication Services

10.0%
3.3%

Consumer Cyclical

9.6%
8.7%

Healthcare

9.1%
7.8%

Industrials

8.4%
5.4%

Consumer Defensive

4.6%
0.9%

Energy

3.0%
0.4%

Utilities

2.3%
7.0%

Real Estate

1.9%
4.3%

Basic Materials

1.7%
8.1%

Technology

DDTN
37.9%
BOUT
26.9%

Financial Services

DDTN
11.7%
BOUT
37.6%

Communication Services

DDTN
10.0%
BOUT
3.3%

Consumer Cyclical

DDTN
9.6%
BOUT
8.7%

Healthcare

DDTN
9.1%
BOUT
7.8%

Industrials

DDTN
8.4%
BOUT
5.4%

Consumer Defensive

DDTN
4.6%
BOUT
0.9%

Energy

DDTN
3.0%
BOUT
0.4%

Utilities

DDTN
2.3%
BOUT
7.0%

Real Estate

DDTN
1.9%
BOUT
4.3%

Basic Materials

DDTN
1.7%
BOUT
8.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Innovator Equity Dual Directional 10 Buffer ETF - November

Innovator IBD Breakout Opportunities ETF

Often compared with DDTN:
DDTN vs. JULBDDTN vs. APRBDDTN vs. JANBDDTN vs. OCTBDDTN vs. EAPRDDTN vs. PQAPDDTN vs. PJAN
Often compared with BOUT:
BOUT vs. FFTYBOUT vs. VOOBOUT vs. SPYBOUT vs. SCHGBOUT vs. SPMOBOUT vs. SMHBOUT vs. QQQ

Return for Risk

DDTN vs. BOUT — Risk / Return Rank

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

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

BOUT
BOUT Risk / Return Rank: 4545
Overall Rank
BOUT Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
BOUT Sortino Ratio Rank: 4040
Sortino Ratio Rank
BOUT Omega Ratio Rank: 3939
Omega Ratio Rank
BOUT Calmar Ratio Rank: 5555
Calmar Ratio Rank
BOUT Martin Ratio Rank: 4949
Martin Ratio Rank
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.

DDTN vs. BOUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Dual Directional 10 Buffer ETF - November (DDTN) and Innovator IBD Breakout Opportunities ETF (BOUT). 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.

DDTNBOUTDifference
Sharpe ratioReturn per unit of total volatility

—

1.17

—

Sortino ratioReturn per unit of downside risk

—

1.68

—

Omega ratioGain probability vs. loss probability

—

1.21

—

Calmar ratioReturn relative to maximum drawdown

—

2.25

—

Martin ratioReturn relative to average drawdown

—

6.27

—

DDTN vs. BOUT - Sharpe Ratio Comparison

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Drawdowns

DDTN vs. BOUT - Drawdown Comparison

The maximum DDTN drawdown since its inception was -5.38%, smaller than the maximum BOUT drawdown of -36.98%. Use the drawdown chart below to compare losses from any high point for DDTN and BOUT.

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Drawdown Indicators

DDTNBOUTDifference

Max Drawdown

Largest peak-to-trough decline

-5.38%

-36.98%

+31.60%

Max Drawdown (1Y)

Largest decline over 1 year

—

-11.76%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-25.31%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-28.28%

—

Current Drawdown

Current decline from peak

0.00%

-4.21%

+4.21%

Average Drawdown

Average peak-to-trough decline

-0.76%

-12.17%

+11.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

4.21%

—

Volatility

DDTN vs. BOUT - Volatility Comparison

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Volatility by Period

DDTNBOUTDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

5.04%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

17.49%

—

Volatility (1Y)

Calculated over the trailing 1-year period

7.67%

22.53%

-14.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.67%

19.80%

-12.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.67%

22.96%

-15.29%

DDTN vs. BOUT - Expense Ratio Comparison

DDTN has a 0.79% expense ratio, which is lower than BOUT's 0.80% expense ratio.

Dividends

DDTN vs. BOUT - Dividend Comparison

DDTN has not paid dividends to shareholders, while BOUT's dividend yield for the trailing twelve months is around 0.27%.

PositionTTM20252024202320222021202020192018
BOUT
Innovator IBD Breakout Opportunities ETF		0.27%0.34%0.60%1.32%1.35%0.00%0.00%0.00%0.22%
DDTN
Innovator Equity Dual Directional 10 Buffer ETF - November		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

DDTN and BOUT have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, DDTN is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

DDTN is cheaper with a 0.79% expense ratio, compared with 0.80% for BOUT.

BOUT has the higher dividend yield at 0.27%, compared with 0.00% for DDTN.

DDTN is categorized as Defined Outcome, while BOUT is Mid Cap Growth Equities. Their fees differ too: 0.79% for DDTN and 0.80% for BOUT.

Portfolio Optimizer

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