FLCE vs. DDTL

Last updated Jun 4, 2026

FLCE (Frontier Asset U.S. Large Cap Equity ETF) and DDTL (Innovator Equity Dual Directional 10 Buffer ETF - July) are both exchange-traded funds - FLCE is a Large Cap Blend Equities fund actively managed by Frontier, while DDTL is a Defined Outcome fund managed by Innovator. A 0.79 correlation means they provide meaningful diversification when combined. FLCE charges 0.90%/yr vs 0.79%/yr for DDTL.

Performance

FLCE vs. DDTL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Frontier Asset U.S. Large Cap Equity ETF (FLCE) and Innovator Equity Dual Directional 10 Buffer ETF - July (DDTL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLCE achieves a 8.81% return, which is significantly higher than DDTL's 4.57% return.

FLCE

• 1D: -0.47%
• 1M: 4.57%
• YTD: 8.81%
• 6M: 8.78%
• 1Y: 23.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DDTL

• 1D: 0.02%
• 1M: 1.32%
• YTD: 4.57%
• 6M: 5.34%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLCE vs. DDTL - Yearly Performance Comparison

	2026 (YTD)	2025
FLCE Frontier Asset U.S. Large Cap Equity ETF	8.81%	9.18%
DDTL Innovator Equity Dual Directional 10 Buffer ETF - July	4.57%	6.48%

Correlation

The correlation between FLCE and DDTL is 0.79, 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 Jul 2, 2025	0.79

Return for Risk

FLCE vs. DDTL — Risk / Return Rank

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

FLCE

FLCE Risk / Return Rank: 61
FLCE Sharpe Ratio Rank: 62
FLCE Sortino Ratio Rank: 63
FLCE Omega Ratio Rank: 61
FLCE Calmar Ratio Rank: 54
FLCE Martin Ratio Rank: 65

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.

FLCE vs. DDTL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Frontier Asset U.S. Large Cap Equity ETF (FLCE) and Innovator Equity Dual Directional 10 Buffer ETF - July (DDTL). 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.

	FLCE	DDTL	Difference
Sharpe ratio: Return per unit of total volatility	2.05	—	—
Sortino ratio: Return per unit of downside risk	2.88	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	2.63	—	—
Martin ratio: Return relative to average drawdown	11.66	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FLCE	DDTL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.99	2.27	-1.28

Drawdowns

FLCE vs. DDTL - Drawdown Comparison

The maximum FLCE drawdown since its inception was -17.52%, which is greater than DDTL's maximum drawdown of -3.78%. Use the drawdown chart below to compare losses from any high point for FLCE and DDTL.

Drawdown Indicators

	FLCE	DDTL	Difference
Max Drawdown Largest peak-to-trough decline	-17.52%	-3.78%	-13.74%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	—	—
Current Drawdown Current decline from peak	-0.47%	0.00%	-0.47%
Average Drawdown Average peak-to-trough decline	-2.44%	-0.40%	-2.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	—	—

Volatility

Volatility by Period

	FLCE	DDTL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.70%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.73%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.41%	5.46%	+5.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.07%	5.46%	+10.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.07%	5.46%	+10.61%

FLCE vs. DDTL - Expense Ratio Comparison

FLCE has a 0.90% expense ratio, which is higher than DDTL's 0.79% expense ratio.

Dividends

FLCE vs. DDTL - Dividend Comparison

FLCE's dividend yield for the trailing twelve months is around 0.30%, while DDTL has not paid dividends to shareholders.

Position	TTM	2025	2024
DDTL Innovator Equity Dual Directional 10 Buffer ETF - July	0.00%	0.00%	0.00%
FLCE Frontier Asset U.S. Large Cap Equity ETF	0.30%	0.32%	0.01%

Frequently Asked Questions

Can I hold both FLCE and DDTL in my portfolio?

FLCE and DDTL have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLCE or DDTL?

On fees, DDTL is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLCE or DDTL?

DDTL is cheaper with a 0.79% expense ratio, compared with 0.90% for FLCE.

Which ETF pays a higher dividend yield, FLCE or DDTL?

FLCE has the higher dividend yield at 0.30%, compared with 0.00% for DDTL.

What is the main difference between FLCE and DDTL?

FLCE is categorized as Large Cap Blend Equities, while DDTL is Defined Outcome. They also come from different issuers: Frontier and Innovator. Their fees differ too: 0.90% for FLCE and 0.79% for DDTL.