STOX vs. DDTL

Last updated Jun 20, 2026

STOX (Horizon Core Equity ETF) and DDTL (Innovator Equity Dual Directional 10 Buffer ETF - July) are both exchange-traded funds - STOX is a Large Cap Blend Equities fund managed by Horizon, while DDTL is a Defined Outcome fund managed by Innovator. A 0.80 correlation means they provide meaningful diversification when combined. STOX charges 0.70%/yr vs 0.79%/yr for DDTL.

Performance

STOX vs. DDTL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Core Equity ETF (STOX) 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, STOX achieves a 9.22% return, which is significantly higher than DDTL's 4.71% return.

STOX

• 1D: 1.12%
• 1M: 1.04%
• YTD: 9.22%
• 6M: 9.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DDTL

• 1D: 0.09%
• 1M: 0.76%
• YTD: 4.71%
• 6M: 5.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

STOX vs. DDTL - Yearly Performance Comparison

	2026 (YTD)	2025
STOX Horizon Core Equity ETF	9.22%	10.41%
DDTL Innovator Equity Dual Directional 10 Buffer ETF - July	4.71%	4.70%

Correlation

The correlation between STOX and DDTL is 0.80, 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	0.80

Return for Risk

STOX vs. DDTL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Core Equity ETF (STOX) 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.

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

Drawdowns

STOX vs. DDTL - Drawdown Comparison

The maximum STOX drawdown since its inception was -9.33%, which is greater than DDTL's maximum drawdown of -3.78%. Use the drawdown chart below to compare losses from any high point for STOX and DDTL.

Drawdown Indicators

	STOX	DDTL	Difference
Max Drawdown Largest peak-to-trough decline	-9.33%	-3.78%	-5.55%
Current Drawdown Current decline from peak	-0.89%	0.00%	-0.89%
Average Drawdown Average peak-to-trough decline	-1.19%	-0.45%	-0.74%

Volatility

Volatility by Period

	STOX	DDTL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	12.80%	5.65%	+7.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.80%	5.65%	+7.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.80%	5.65%	+7.15%

STOX vs. DDTL - Expense Ratio Comparison

STOX has a 0.70% expense ratio, which is lower than DDTL's 0.79% expense ratio.

Dividends

STOX vs. DDTL - Dividend Comparison

STOX's dividend yield for the trailing twelve months is around 0.17%, while DDTL has not paid dividends to shareholders.

Position	TTM	2025
DDTL Innovator Equity Dual Directional 10 Buffer ETF - July	0.00%	0.00%
STOX Horizon Core Equity ETF	0.17%	0.19%

Frequently Asked Questions

Can I hold both STOX and DDTL in my portfolio?

STOX and DDTL have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, STOX or DDTL?

On fees, STOX is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, STOX or DDTL?

STOX is cheaper with a 0.70% expense ratio, compared with 0.79% for DDTL.

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

STOX has the higher dividend yield at 0.17%, compared with 0.00% for DDTL.

What is the main difference between STOX and DDTL?

STOX is categorized as Large Cap Blend Equities, while DDTL is Defined Outcome. They also come from different issuers: Horizon and Innovator. Their fees differ too: 0.70% for STOX and 0.79% for DDTL.