DUKQ vs. UNOV

Last updated Jun 5, 2026

DUKQ (Ocean Park Domestic ETF) and UNOV (Innovator U.S. Equity Ultra Buffer ETF - November) are both Large Cap Blend Equities funds. DUKQ is actively managed, while UNOV is passively managed. Over the past year, DUKQ returned 27.09% vs 13.88% for UNOV. Their correlation of 0.81 suggests significant overlap in exposure. DUKQ charges 0.98%/yr vs 0.79%/yr for UNOV.

Performance

DUKQ vs. UNOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ocean Park Domestic ETF (DUKQ) and Innovator U.S. Equity Ultra Buffer ETF - November (UNOV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DUKQ achieves a 13.22% return, which is significantly higher than UNOV's 5.56% return.

DUKQ

• 1D: 0.29%
• 1M: 5.34%
• YTD: 13.22%
• 6M: 12.99%
• 1Y: 27.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UNOV

• 1D: 0.15%
• 1M: 1.93%
• YTD: 5.56%
• 6M: 5.77%
• 1Y: 13.88%
• 3Y*: 10.29%
• 5Y*: 6.71%
• 10Y*: —

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

DUKQ vs. UNOV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DUKQ Ocean Park Domestic ETF	13.22%	5.69%	5.13%
UNOV Innovator U.S. Equity Ultra Buffer ETF - November	5.56%	9.92%	3.59%

Correlation

The correlation between DUKQ and UNOV is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jul 12, 2024	0.81

The correlation between DUKQ and UNOV has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.

DUKQ vs. UNOV - Sectors Allocation Comparison

Sectors	DUKQ	UNOV
Technology	30.1%	36.2%
Industrials	11.5%	8.1%
Consumer Cyclical	10.5%	10.1%
Financial Services	10.3%	11.9%
Healthcare	8.6%	8.4%
Communication Services	8.0%	10.9%
Consumer Defensive	5.9%	4.9%
Energy	4.9%	3.5%
Utilities	4.1%	2.3%
Real Estate	3.3%	1.9%
Basic Materials	2.9%	1.8%

Return for Risk

DUKQ vs. UNOV — Risk / Return Rank

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

DUKQ

DUKQ Risk / Return Rank: 70
DUKQ Sharpe Ratio Rank: 67
DUKQ Sortino Ratio Rank: 66
DUKQ Omega Ratio Rank: 66
DUKQ Calmar Ratio Rank: 71
DUKQ Martin Ratio Rank: 77

UNOV

UNOV Risk / Return Rank: 77
UNOV Sharpe Ratio Rank: 78
UNOV Sortino Ratio Rank: 82
UNOV Omega Ratio Rank: 85
UNOV Calmar Ratio Rank: 63
UNOV Martin Ratio Rank: 78

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.

DUKQ vs. UNOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ocean Park Domestic ETF (DUKQ) and Innovator U.S. Equity Ultra Buffer ETF - November (UNOV). 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.

	DUKQ	UNOV	Difference
Sharpe ratio: Return per unit of total volatility	2.19	2.50	-0.31
Sortino ratio: Return per unit of downside risk	3.01	3.63	-0.62
Omega ratio: Gain probability vs. loss probability	1.39	1.51	-0.12
Calmar ratio: Return relative to maximum drawdown	3.47	3.08	+0.39
Martin ratio: Return relative to average drawdown	14.61	15.01	-0.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DUKQ vs. UNOV - Sharpe Ratio Comparison

The current DUKQ Sharpe Ratio is 2.19, which is comparable to the UNOV Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of DUKQ and UNOV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DUKQ	UNOV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	2.50	-0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.99	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	0.92	-0.04

Drawdowns

DUKQ vs. UNOV - Drawdown Comparison

The maximum DUKQ drawdown since its inception was -18.44%, which is greater than UNOV's maximum drawdown of -13.84%. Use the drawdown chart below to compare losses from any high point for DUKQ and UNOV.

Drawdown Indicators

	DUKQ	UNOV	Difference
Max Drawdown Largest peak-to-trough decline	-18.44%	-13.84%	-4.60%
Max Drawdown (1Y) Largest decline over 1 year	-7.84%	-4.52%	-3.32%
Max Drawdown (3Y) Largest decline over 3 years	—	-9.10%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-9.10%	—
Current Drawdown Current decline from peak	-0.19%	-0.07%	-0.12%
Average Drawdown Average peak-to-trough decline	-3.90%	-1.66%	-2.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	0.93%	+0.93%

Volatility

DUKQ vs. UNOV - Volatility Comparison

Ocean Park Domestic ETF (DUKQ) has a higher volatility of 3.27% compared to Innovator U.S. Equity Ultra Buffer ETF - November (UNOV) at 1.11%. This indicates that DUKQ's price experiences larger fluctuations and is considered to be riskier than UNOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DUKQ	UNOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	1.11%	+2.16%
Volatility (6M) Calculated over the trailing 6-month period	9.27%	4.67%	+4.60%
Volatility (1Y) Calculated over the trailing 1-year period	12.43%	5.58%	+6.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.77%	6.83%	+7.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.77%	7.72%	+7.05%

DUKQ vs. UNOV - Expense Ratio Comparison

DUKQ has a 0.98% expense ratio, which is higher than UNOV's 0.79% expense ratio.

Dividends

DUKQ vs. UNOV - Dividend Comparison

DUKQ's dividend yield for the trailing twelve months is around 0.66%, while UNOV has not paid dividends to shareholders.

Position	TTM	2025	2024
DUKQ Ocean Park Domestic ETF	0.66%	0.68%	0.28%
UNOV Innovator U.S. Equity Ultra Buffer ETF - November	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DUKQ and UNOV in my portfolio?

DUKQ and UNOV have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DUKQ or UNOV?

DUKQ has higher volatility (3.27%) compared to UNOV (1.11%). In terms of maximum drawdown, DUKQ dropped -18.44% vs UNOV's -13.84%.

Which ETF is better, DUKQ or UNOV?

On 1-year performance, DUKQ leads with 27.09% vs 13.88% for UNOV. On fees, UNOV is cheaper at 0.79% per year. On volatility, UNOV has been the lower-risk option at 1.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DUKQ or UNOV?

Over the 1-year period, DUKQ has performed better with a 27.09% return vs 13.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DUKQ or UNOV?

UNOV is cheaper with a 0.79% expense ratio, compared with 0.98% for DUKQ.

Which ETF pays a higher dividend yield, DUKQ or UNOV?

DUKQ has the higher dividend yield at 0.66%, compared with 0.00% for UNOV.

What is the main difference between DUKQ and UNOV?

They also come from different issuers: Ocean Park and Innovator. Their fees differ too: 0.98% for DUKQ and 0.79% for UNOV.

Which has better risk-adjusted returns?

UNOV currently has the higher Sharpe Ratio (2.50 vs 2.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.