DDTO vs SMST

Comparison between Innovator Equity Dual Directional 10 Buffer ETF October (DDTO, ETF) and DEFIANCE DAILY TARGET 2X SHORT MSTR ETF (SMST, ETF).

DDTO vs SMST - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	DDTO(ETF)	SMST(ETF)
Net Assets	$31M	$31M
Expense Ratio	0.79%	N/A
Max Drawdown	4.98%	99.25%
Sharpe Ratio	0.90	1.16
5Y Beta	0.53	-4.76

Net Assets

DDTO

$31M

Winner

SMST

$31M

Expense Ratio

DDTO

0.79%

SMST

N/A

Max Drawdown

Winner

DDTO

4.98%

SMST

99.25%

Sharpe Ratio

DDTO

0.90

Winner

SMST

1.16

5Y Beta

DDTO

0.53

Winner

SMST

-4.76

DDTO vs SMST - Historical Returns

Returns include dividend reinvestment.

Period	DDTO	SMST
1 month	+1.00%	+107.18%
3 months	+4.63%	-9.81%
6 months	+5.32%	-28.73%
1 year	N/A	+71.06%
Max(CAGR)	+10.39%	-86.54%

DDTO

+1.00%

Winner

SMST

+107.18%

Winner

DDTO

+4.63%

SMST

-9.81%

Winner

DDTO

+5.32%

SMST

-28.73%

DDTO

N/A

SMST

+71.06%

Max(CAGR)

Winner

DDTO

+10.39%

SMST

-86.54%

DDTO vs SMST - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	DDTO	SMST
2026	+4.94%	-41.18%
2025	+1.87%	-39.90%
2024	N/A	-90.90%

DDTO vs SMST Drawdown Comparison

The maximum drawdown for DDTO was -4.98%, occurring on Mar 30, 2026. Recovery took 33 trading sessions.

The maximum drawdown for SMST was -99.25%, occurring on Jul 16, 2025. This drawdown has not yet recovered.

The current DDTO drawdown is -0.83%. The current SMST drawdown is -97.85%.

Rank	DDTO	SMST
#1	-4.98% Feb 25, 2026 - Apr 14, 2026	-99.25% Sep 6, 2024 - Jul 16, 2025
#2	-2.71% Oct 27, 2025 - Dec 4, 2025	-18.07% Aug 22, 2024 - Sep 3, 2024
#3	-1.46% Oct 6, 2025 - Oct 20, 2025	-3.13% Sep 3, 2024 - Sep 5, 2024
#4	-1.31% Jan 28, 2026 - Feb 25, 2026	N/A
#5	-1.14% Jan 9, 2026 - Jan 27, 2026	N/A
#6	-1.02% Dec 11, 2025 - Dec 22, 2025	N/A
#7	-0.83% Jun 2, 2026 - Jun 5, 2026	N/A
#8	-0.54% Dec 26, 2025 - Jan 6, 2026	N/A
#9	-0.48% May 14, 2026 - May 22, 2026	N/A
#10	-0.44% Apr 27, 2026 - Apr 30, 2026	N/A
#11	-0.43% Apr 17, 2026 - Apr 22, 2026	N/A
#12	-0.33% Oct 21, 2025 - Oct 23, 2025	N/A
#13	-0.26% Dec 5, 2025 - Dec 10, 2025	N/A
#14	-0.18% Apr 22, 2026 - Apr 24, 2026	N/A
#15	-0.15% May 1, 2026 - May 5, 2026	N/A

Correlation

Correlation between DDTO and SMST is -0.55 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.55

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