DDTS vs. SPUT
DDTS (Innovator Equity Dual Directional 10 Buffer ETF) and SPUT (Innovator Equity Premium Income Daily PutWrite ETF) are both exchange-traded funds - DDTS is a Defined Outcome fund actively managed by Innovator, while SPUT is a Derivative Income fund actively managed by Innovator. Both are actively managed. Their correlation of 0.85 means they have usually moved in the same direction. Both charge a 0.79% expense ratio.
Performance
DDTS vs. SPUT - Performance Comparison
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Returns By Period
In the year-to-date period, DDTS achieves a 6.59% return, which is significantly higher than SPUT's 6.24% return.
DDTS
- 1D
- 0.31%
- 1M
- 0.90%
- 6M
- 5.81%
- YTD
- 6.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SPUT
- 1D
- 0.50%
- 1M
- 0.26%
- 6M
- 6.31%
- YTD
- 6.24%
- 1Y
- 14.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $86.44K | $63.95K | $163.16K | |
| $131.17K | $79.02K | $95.99K |
DDTS vs. SPUT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DDTS Innovator Equity Dual Directional 10 Buffer ETF | 6.59% | 4.57% |
SPUT Innovator Equity Premium Income Daily PutWrite ETF | 6.24% | 5.06% |
Correlation
The correlation between DDTS and SPUT is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 2, 2025 | 0.85 |
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Return for Risk
DDTS vs. SPUT — Risk / Return Rank
DDTS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPUT
DDTS vs. SPUT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Dual Directional 10 Buffer ETF (DDTS) and Innovator Equity Premium Income Daily PutWrite ETF (SPUT). 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.
| DDTS | SPUT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.31 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.39 | — |
| Martin ratioReturn relative to average drawdown | — | 11.10 | — |
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Drawdowns
DDTS vs. SPUT - Drawdown Comparison
The maximum DDTS drawdown since its inception was -4.28%, smaller than the maximum SPUT drawdown of -10.55%. Use the drawdown chart below to compare losses from any high point for DDTS and SPUT.
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Drawdown Indicators
| DDTS | SPUT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.28% | -10.55% | +6.27% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.81% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.29% | +1.29% |
Average DrawdownAverage peak-to-trough decline | -0.48% | -1.00% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.17% | — |
Volatility
DDTS vs. SPUT - Volatility Comparison
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Volatility by Period
| DDTS | SPUT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.32% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.20% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.35% | 8.01% | -1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.35% | 11.09% | -4.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.35% | 11.09% | -4.74% |
DDTS vs. SPUT - Expense Ratio Comparison
Both DDTS and SPUT have an expense ratio of 0.79%.
Dividends
DDTS vs. SPUT - Dividend Comparison
DDTS has not paid dividends to shareholders, while SPUT's dividend yield for the trailing twelve months is around 4.94%.
| Position | TTM | 2025 |
|---|---|---|
DDTS Innovator Equity Dual Directional 10 Buffer ETF | 0.00% | 0.00% |
SPUT Innovator Equity Premium Income Daily PutWrite ETF | 4.94% | 4.66% |
Frequently Asked Questions
DDTS and SPUT have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.79% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
DDTS and SPUT have the same expense ratio: 0.79% per year.
SPUT has the higher dividend yield at 4.94%, compared with 0.00% for DDTS.
DDTS is categorized as Defined Outcome, while SPUT is Derivative Income.
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