DDTO vs. JULB

Last updated Jul 11, 2026

DDTO (Innovator Equity Dual Directional 10 Buffer ETF - October) and JULB (Aptus July Buffer ETF) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.95 suggests significant overlap in exposure. DDTO charges 0.79%/yr vs 0.25%/yr for JULB.

Performance

DDTO vs. JULB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Dual Directional 10 Buffer ETF - October (DDTO) and Aptus July Buffer ETF (JULB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DDTO achieves a 6.64% return, which is significantly lower than JULB's 8.30% return.

DDTO

• 1D: 0.22%
• 1M: 1.42%
• 6M: 5.61%
• YTD: 6.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JULB

• 1D: 0.27%
• 1M: 2.01%
• 6M: 7.34%
• YTD: 8.30%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DDTO vs. JULB - Yearly Performance Comparison

	2026 (YTD)	2025
DDTO Innovator Equity Dual Directional 10 Buffer ETF - October	6.64%	2.43%
JULB Aptus July Buffer ETF	8.30%	2.44%

Correlation

The correlation between DDTO and JULB is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025	0.95

Return for Risk

DDTO vs. JULB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Dual Directional 10 Buffer ETF - October (DDTO) 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.

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.

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

Drawdowns

DDTO vs. JULB - Drawdown Comparison

The maximum DDTO drawdown since its inception was -4.98%, roughly equal to the maximum JULB drawdown of -5.24%. Use the drawdown chart below to compare losses from any high point for DDTO and JULB.

Drawdown Indicators

	DDTO	JULB	Difference
Max Drawdown Largest peak-to-trough decline	-4.98%	-5.24%	+0.26%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.63%	-0.79%	+0.16%

Volatility

Volatility by Period

	DDTO	JULB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	7.11%	6.74%	+0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.11%	6.74%	+0.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.11%	6.74%	+0.37%

DDTO vs. JULB - Expense Ratio Comparison

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

Dividends

DDTO vs. JULB - Dividend Comparison

Neither DDTO nor JULB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DDTO and JULB in my portfolio?

With a correlation of 0.95, DDTO 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, DDTO 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, DDTO or JULB?

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

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

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

What is the main difference between DDTO and JULB?

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