FMCE vs. DDTL
FMCE (FM Compounders Equity ETF) and DDTL (Innovator Equity Dual Directional 10 Buffer ETF - July) are both exchange-traded funds - FMCE is a Large Cap Blend Equities fund actively managed by First Manhattan, while DDTL is a Defined Outcome fund managed by Innovator. A 0.65 correlation means they provide meaningful diversification when combined. FMCE charges 0.72%/yr vs 0.79%/yr for DDTL.
Performance
FMCE vs. DDTL - Performance Comparison
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Returns By Period
In the year-to-date period, FMCE achieves a 6.86% return, which is significantly higher than DDTL's 4.69% return.
FMCE
- 1D
- -1.15%
- 1M
- -0.09%
- YTD
- 6.86%
- 6M
- 6.05%
- 1Y
- 12.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DDTL
- 1D
- 0.00%
- 1M
- 0.60%
- YTD
- 4.69%
- 6M
- 4.73%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FMCE vs. DDTL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FMCE FM Compounders Equity ETF | 6.86% | 2.25% |
DDTL Innovator Equity Dual Directional 10 Buffer ETF - July | 4.69% | 4.70% |
Correlation
The correlation between FMCE and DDTL is 0.65, 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 1, 2025 | 0.65 |
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Return for Risk
FMCE vs. DDTL — Risk / Return Rank
FMCE
DDTL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FMCE vs. DDTL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FM Compounders Equity ETF (FMCE) 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.
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.
| FMCE | DDTL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.17 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | — | — |
| Martin ratioReturn relative to average drawdown | 3.94 | — | — |
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Drawdowns
FMCE vs. DDTL - Drawdown Comparison
The maximum FMCE drawdown since its inception was -11.69%, which is greater than DDTL's maximum drawdown of -3.78%. Use the drawdown chart below to compare losses from any high point for FMCE and DDTL.
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Drawdown Indicators
| FMCE | DDTL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.69% | -3.78% | -7.91% |
Max Drawdown (1Y)Largest decline over 1 year | -10.77% | — | — |
Current DrawdownCurrent decline from peak | -1.49% | -0.02% | -1.47% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -0.45% | -1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | — | — |
Volatility
FMCE vs. DDTL - Volatility Comparison
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Volatility by Period
| FMCE | DDTL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.17% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.73% | 5.63% | +7.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.39% | 5.63% | +8.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.39% | 5.63% | +8.76% |
FMCE vs. DDTL - Expense Ratio Comparison
FMCE has a 0.72% expense ratio, which is lower than DDTL's 0.79% expense ratio.
Dividends
FMCE vs. DDTL - Dividend Comparison
FMCE's dividend yield for the trailing twelve months is around 2.99%, 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% |
FMCE FM Compounders Equity ETF | 2.99% | 3.20% | 0.22% |
Frequently Asked Questions
FMCE and DDTL have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FMCE is cheaper at 0.72% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FMCE is cheaper with a 0.72% expense ratio, compared with 0.79% for DDTL.
FMCE has the higher dividend yield at 2.99%, compared with 0.00% for DDTL.
FMCE is categorized as Large Cap Blend Equities, while DDTL is Defined Outcome. They also come from different issuers: First Manhattan and Innovator. Their fees differ too: 0.72% for FMCE and 0.79% for DDTL.
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