DDTO vs. LJUL

Last updated Jul 11, 2026

DDTO (Innovator Equity Dual Directional 10 Buffer ETF - October) and LJUL (Innovator Premium Income 15 Buffer ETF - July) are both Defined Outcome funds from Innovator. Both are actively managed. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 0.79% expense ratio.

Performance

DDTO vs. LJUL - 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 Innovator Premium Income 15 Buffer ETF - July (LJUL). 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 higher than LJUL's 2.29% return.

DDTO

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

LJUL

• 1D: 0.06%
• 1M: 0.33%
• 6M: 1.99%
• YTD: 2.29%
• 1Y: 5.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DDTO vs. LJUL - Yearly Performance Comparison

	2026 (YTD)	2025
DDTO Innovator Equity Dual Directional 10 Buffer ETF - October	6.64%	2.21%
LJUL Innovator Premium Income 15 Buffer ETF - July	2.29%	1.37%

Correlation

The correlation between DDTO and LJUL is 0.69, 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 Oct 1, 2025	0.69

Return for Risk

DDTO vs. LJUL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DDTO

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

LJUL

LJUL Risk / Return Rank: 97
LJUL Sharpe Ratio Rank: 96
LJUL Sortino Ratio Rank: 97
LJUL Omega Ratio Rank: 97
LJUL Calmar Ratio Rank: 98
LJUL Martin Ratio Rank: 98

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.

DDTO vs. LJUL - 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 Innovator Premium Income 15 Buffer ETF - July (LJUL). 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.

	DDTO	LJUL	Difference
Sharpe ratio: Return per unit of total volatility	—	3.49	—
Sortino ratio: Return per unit of downside risk	—	5.76	—
Omega ratio: Gain probability vs. loss probability	—	1.87	—
Calmar ratio: Return relative to maximum drawdown	—	10.67	—
Martin ratio: Return relative to average drawdown	—	53.57	—

Drawdowns

DDTO vs. LJUL - Drawdown Comparison

The maximum DDTO drawdown since its inception was -4.98%, roughly equal to the maximum LJUL drawdown of -4.85%. Use the drawdown chart below to compare losses from any high point for DDTO and LJUL.

Drawdown Indicators

	DDTO	LJUL	Difference
Max Drawdown Largest peak-to-trough decline	-4.98%	-4.85%	-0.13%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.52%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.63%	-0.68%	+0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.10%	—

Volatility

Volatility by Period

	DDTO	LJUL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.41%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.11%	—
Volatility (1Y) Calculated over the trailing 1-year period	7.11%	1.60%	+5.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.11%	4.25%	+2.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.11%	4.25%	+2.86%

DDTO vs. LJUL - Expense Ratio Comparison

Both DDTO and LJUL have an expense ratio of 0.79%.

Dividends

DDTO vs. LJUL - Dividend Comparison

DDTO has not paid dividends to shareholders, while LJUL's dividend yield for the trailing twelve months is around 5.20%.

Position	TTM	2025	2024
DDTO Innovator Equity Dual Directional 10 Buffer ETF - October	0.00%	0.00%	0.00%
LJUL Innovator Premium Income 15 Buffer ETF - July	5.20%	5.36%	2.78%

Frequently Asked Questions

Can I hold both DDTO and LJUL in my portfolio?

DDTO and LJUL have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DDTO or LJUL?

Both ETFs have the same 0.79% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDTO or LJUL?

DDTO and LJUL have the same expense ratio: 0.79% per year.

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

LJUL has the higher dividend yield at 5.20%, compared with 0.00% for DDTO.