SPCT vs. DDTL

Last updated Jun 4, 2026

SPCT (Liberty One Spectrum ETF) and DDTL (Innovator Equity Dual Directional 10 Buffer ETF - July) are both exchange-traded funds - SPCT is a Large Cap Blend Equities fund actively managed by Liberty One, while DDTL is a Defined Outcome fund managed by Innovator. At a 0.49 correlation, their price movements are largely independent. SPCT charges 0.85%/yr vs 0.79%/yr for DDTL.

Performance

SPCT vs. DDTL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Liberty One Spectrum ETF (SPCT) 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, SPCT achieves a 6.22% return, which is significantly higher than DDTL's 4.57% return.

SPCT

• 1D: -0.49%
• 1M: -0.67%
• YTD: 6.22%
• 6M: 4.94%
• 1Y: —
• 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)

SPCT vs. DDTL - Yearly Performance Comparison

	2026 (YTD)	2025
SPCT Liberty One Spectrum ETF	6.22%	1.56%
DDTL Innovator Equity Dual Directional 10 Buffer ETF - July	4.57%	2.24%

Correlation

The correlation between SPCT and DDTL is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.49

Return for Risk

SPCT vs. DDTL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Liberty One Spectrum ETF (SPCT) 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.

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

Sharpe Ratios by Period

	SPCT	DDTL	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.28	2.27	-0.99

Drawdowns

SPCT vs. DDTL - Drawdown Comparison

The maximum SPCT drawdown since its inception was -7.17%, which is greater than DDTL's maximum drawdown of -3.78%. Use the drawdown chart below to compare losses from any high point for SPCT and DDTL.

Drawdown Indicators

	SPCT	DDTL	Difference
Max Drawdown Largest peak-to-trough decline	-7.17%	-3.78%	-3.39%
Current Drawdown Current decline from peak	-2.50%	0.00%	-2.50%
Average Drawdown Average peak-to-trough decline	-1.54%	-0.40%	-1.14%

Volatility

Volatility by Period

	SPCT	DDTL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	9.36%	5.46%	+3.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.36%	5.46%	+3.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.36%	5.46%	+3.90%

SPCT vs. DDTL - Expense Ratio Comparison

SPCT has a 0.85% expense ratio, which is higher than DDTL's 0.79% expense ratio.

Dividends

SPCT vs. DDTL - Dividend Comparison

SPCT's dividend yield for the trailing twelve months is around 0.51%, while DDTL has not paid dividends to shareholders.

Position	TTM	2025
DDTL Innovator Equity Dual Directional 10 Buffer ETF - July	0.00%	0.00%
SPCT Liberty One Spectrum ETF	0.51%	0.16%

Frequently Asked Questions

Can I hold both SPCT and DDTL in my portfolio?

SPCT and DDTL have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPCT 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, SPCT or DDTL?

DDTL is cheaper with a 0.79% expense ratio, compared with 0.85% for SPCT.

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

SPCT has the higher dividend yield at 0.51%, compared with 0.00% for DDTL.

What is the main difference between SPCT and DDTL?

SPCT is categorized as Large Cap Blend Equities, while DDTL is Defined Outcome. They also come from different issuers: Liberty One and Innovator. Their fees differ too: 0.85% for SPCT and 0.79% for DDTL.