SPCT vs. DDTL

Last updated Aug 6, 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 tracking the SPDR S&P 500 ETF Trust (SPY). SPCT is actively managed, while DDTL is passively managed. Their 0.44 correlation means their historical movements had little consistent relationship. 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 11.62% return, which is significantly higher than DDTL's 6.93% return.

SPCT

• 1D: 0.18%
• 1M: 2.62%
• 6M: 5.72%
• YTD: 11.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

DDTL

• 1D: 0.09%
• 1M: 1.70%
• 6M: 6.27%
• YTD: 6.93%
• 1Y: 12.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.86%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DDTL Innovator Equity Dual Directional 10 Buffer ETF - July	$843.80K	$1.40M	$1.71M
SPCT Liberty One Spectrum ETF	$213.16K	$201.08K	$219.16K

SPCT vs. DDTL - Yearly Performance Comparison

	2026 (YTD)	2025
SPCT Liberty One Spectrum ETF	11.62%	1.93%
DDTL Innovator Equity Dual Directional 10 Buffer ETF - July	6.93%	2.42%

Correlation

The correlation between SPCT and DDTL is 0.44, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025	0.44

Return for Risk

SPCT vs. DDTL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SPCT

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

DDTL

DDTL Risk / Return Rank: 87
DDTL Sharpe Ratio Rank: 85
DDTL Sortino Ratio Rank: 87
DDTL Omega Ratio Rank: 91
DDTL Calmar Ratio Rank: 81
DDTL Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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.

	SPCT	DDTL	Difference
Sharpe ratio: Return per unit of total volatility	—	2.21	—
Sortino ratio: Return per unit of downside risk	—	3.22	—
Omega ratio: Gain probability vs. loss probability	—	1.46	—
Calmar ratio: Return relative to maximum drawdown	—	3.33	—
Martin ratio: Return relative to average drawdown	—	16.80	—

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%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.78%	—
Current Drawdown Current decline from peak	-0.27%	0.00%	-0.27%
Average Drawdown Average peak-to-trough decline	-1.43%	-0.44%	-0.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.75%	—

Volatility

Volatility by Period

	SPCT	DDTL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.46%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.34%	5.69%	+3.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.34%	5.85%	+3.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.34%	5.85%	+3.49%

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 0.76%, 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	0.76%	0.16%

Frequently Asked Questions

Can I hold both SPCT and DDTL in my portfolio?

SPCT and DDTL have a correlation of 0.44, 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 0.76%, 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.