DDTN vs. JULB

Last updated Jun 5, 2026

DDTN (Innovator Equity Dual Directional 10 Buffer ETF - November) and JULB (Aptus July Buffer ETF) are both Defined Outcome funds. Both are actively managed. With a 0.95 correlation, they move nearly in lockstep. DDTN charges 0.79%/yr vs 0.25%/yr for JULB.

Performance

DDTN vs. JULB - 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 Aptus July Buffer ETF (JULB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with DDTN having a 6.37% return and JULB slightly higher at 6.52%.

DDTN

• 1D: 0.04%
• 1M: 2.05%
• YTD: 6.37%
• 6M: 6.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JULB

• 1D: 0.16%
• 1M: 2.16%
• YTD: 6.52%
• 6M: 7.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DDTN vs. JULB - Yearly Performance Comparison

	2026 (YTD)	2025
DDTN Innovator Equity Dual Directional 10 Buffer ETF - November	6.37%	0.99%
JULB Aptus July Buffer ETF	6.52%	1.03%

Correlation

The correlation between DDTN and JULB is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 4, 2025	0.95

Return for Risk

DDTN vs. JULB - 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 Aptus July Buffer ETF (JULB). 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

	DDTN	JULB	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.71	2.21	-0.49

Drawdowns

DDTN vs. JULB - Drawdown Comparison

The maximum DDTN drawdown since its inception was -5.38%, roughly equal to the maximum JULB drawdown of -5.24%. Use the drawdown chart below to compare losses from any high point for DDTN and JULB.

Drawdown Indicators

	DDTN	JULB	Difference
Max Drawdown Largest peak-to-trough decline	-5.38%	-5.24%	-0.14%
Current Drawdown Current decline from peak	-0.29%	0.00%	-0.29%
Average Drawdown Average peak-to-trough decline	-0.80%	-0.87%	+0.07%

Volatility

Volatility by Period

	DDTN	JULB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	7.71%	6.79%	+0.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.71%	6.79%	+0.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.71%	6.79%	+0.92%

DDTN vs. JULB - Expense Ratio Comparison

DDTN has a 0.79% expense ratio, which is higher than JULB's 0.25% expense ratio.

Dividends

DDTN vs. JULB - Dividend Comparison

Neither DDTN nor JULB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DDTN and JULB in my portfolio?

With a correlation of 0.95, DDTN and JULB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, DDTN or JULB?

On fees, JULB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDTN or JULB?

JULB is cheaper with a 0.25% expense ratio, compared with 0.79% for DDTN.

Which ETF pays a higher dividend yield, DDTN or JULB?

DDTN and JULB have nearly identical dividend yields, around 0.00%.

What is the main difference between DDTN and JULB?

They also come from different issuers: Innovator and Aptus Capital Advisors. Their fees differ too: 0.79% for DDTN and 0.25% for JULB.