DDTO vs SPY
Innovator Equity Dual Directional 10 Buffer ETF - October vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DDTO | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.09% | |
| AUM | $28M | $821.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 7 | 505 | |
| YTD Return | +7.75% | +12.22% | |
| 1Y Return | +9.79% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -5.0% | -56.5% | |
| Fund Family | Innovator ETFs Trust | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Oct 1, 2025 | Jan 22, 1993 |
DDTO vs SPY Performance
Innovator Equity Dual Directional 10 Buffer ETF - October (DDTO) is a ETF from Innovator ETFs Trust and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year DDTO returned +9.79% while SPY returned +20.83%. Year to date, DDTO is up 7.75% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -5.0% for DDTO and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
DDTO charges 0.79% per year while SPY charges 0.09%. On a $10,000 position that is $79 vs $9 annually, a gap of $70 per year that compounds over a long holding period. On income, DDTO currently yields 0.00% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, DDTO or SPY?
DDTO has an expense ratio of 0.79% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $70 per year of difference.
Which performed better, DDTO or SPY?
Over the past year DDTO returned +9.79% vs +20.83% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results.
Which pays a higher dividend, DDTO or SPY?
DDTO yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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