WZRD vs. DDTL

Last updated Jun 23, 2026

WZRD (Opportunistic Trader ETF) and DDTL (Innovator Equity Dual Directional 10 Buffer ETF - July) are both exchange-traded funds - WZRD is a Large Cap Blend Equities fund managed by Opportunistic Trader, while DDTL is a Defined Outcome fund managed by Innovator. At a correlation of -0.01, they often move in opposite directions. WZRD charges 1.07%/yr vs 0.79%/yr for DDTL.

Performance

WZRD vs. DDTL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Opportunistic Trader ETF (WZRD) 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, WZRD achieves a -74.01% return, which is significantly lower than DDTL's 4.69% return.

WZRD

• 1D: 1.73%
• 1M: -25.12%
• YTD: -74.01%
• 6M: -74.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DDTL

• 1D: -0.02%
• 1M: 0.60%
• YTD: 4.69%
• 6M: 4.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WZRD vs. DDTL - Yearly Performance Comparison

	2026 (YTD)	2025
WZRD Opportunistic Trader ETF	-74.01%	-11.08%
DDTL Innovator Equity Dual Directional 10 Buffer ETF - July	4.69%	4.70%

Correlation

The correlation between WZRD and DDTL is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025	-0.01

Return for Risk

WZRD vs. DDTL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Opportunistic Trader ETF (WZRD) 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

WZRD vs. DDTL - Drawdown Comparison

The maximum WZRD drawdown since its inception was -79.25%, which is greater than DDTL's maximum drawdown of -3.78%. Use the drawdown chart below to compare losses from any high point for WZRD and DDTL.

Drawdown Indicators

	WZRD	DDTL	Difference
Max Drawdown Largest peak-to-trough decline	-79.25%	-3.78%	-75.47%
Current Drawdown Current decline from peak	-78.89%	-0.02%	-78.87%
Average Drawdown Average peak-to-trough decline	-26.85%	-0.45%	-26.40%

Volatility

Volatility by Period

	WZRD	DDTL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	56.33%	5.64%	+50.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.33%	5.64%	+50.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.33%	5.64%	+50.69%

WZRD vs. DDTL - Expense Ratio Comparison

WZRD has a 1.07% expense ratio, which is higher than DDTL's 0.79% expense ratio.

Dividends

WZRD vs. DDTL - Dividend Comparison

WZRD's dividend yield for the trailing twelve months is around 4.95%, while DDTL has not paid dividends to shareholders.

Position	TTM	2025
DDTL Innovator Equity Dual Directional 10 Buffer ETF - July	0.00%	0.00%
WZRD Opportunistic Trader ETF	4.95%	1.29%

Frequently Asked Questions

Can I hold both WZRD and DDTL in my portfolio?

WZRD and DDTL have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WZRD 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, WZRD or DDTL?

DDTL is cheaper with a 0.79% expense ratio, compared with 1.07% for WZRD.

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

WZRD has the higher dividend yield at 4.95%, compared with 0.00% for DDTL.

What is the main difference between WZRD and DDTL?

WZRD is categorized as Large Cap Blend Equities, while DDTL is Defined Outcome. They also come from different issuers: Opportunistic Trader and Innovator. Their fees differ too: 1.07% for WZRD and 0.79% for DDTL.