# Dual directional ETFs: what each one protects

> All 32 dual directional ETFs ETFIQ covers, with the buffer each sets out with, what it pays on the upside and when its period ends. As of Oct 9, 2026.

Data as of Oct 9, 2026. Rebuilt every trading night.

Data as of Oct 9, 2026 .

## Dual directional ETFs: what each one protects

Funds that pay a positive return when the index falls, up to the buffer, and rise with it up to a cap when it does not. A fall inside the buffer is a gain rather than nothing. 32 funds, largest first, every one read from its own issuer’s outcome page.

| Ticker | Fund | Issuer | Index | Buffer | Cap at the start | Period ends | Net assets |
| --- | --- | --- | --- | --- | --- | --- | --- |
| DDFL | Innovator Equity Dual Directional 15 Buffer ETF - Jul | Innovator | SPY | 15% | 10.9% | Jun 30, 2027 | $159m |
| DDFZ | Innovator Equity Dual Directional 15 Buffer ETF - Jun | Innovator | SPY | 15% | 10.7% | May 31, 2027 | $145m |
| DDFO | Innovator Equity Dual Directional 15 Buffer ETF - Oct | Innovator | SPY | 15% | 10.7% | Sep 30, 2027 | $142m |
| DDFS | Innovator Equity Dual Directional 15 Buffer ETF - Sep | Innovator | SPY | 15% | 10.5% | Aug 31, 2027 | $118m |
| DDSQ | Innovator Equity Dual Directional 5 Buffer ETF - Quarterly | Innovator | SPY | 5% | 3.5% | Dec 31, 2026 | $98m |
| DDFD | Innovator Equity Dual Directional 15 Buffer ETF - Dec | Innovator | SPY | 15% | 9.6% | Nov 30, 2026 | $96m |
| DDTL | Innovator Equity Dual Directional 10 Buffer ETF - Jul | Innovator | SPY | 10% | 15.2% | Jun 30, 2027 | $89m |
| DDFG | Innovator Equity Dual Directional 15 Buffer ETF - Aug | Innovator | SPY | 15% | 11.4% | Jul 31, 2027 | $84m |
| DDFY | Innovator Equity Dual Directional 15 Buffer ETF - May | Innovator | SPY | 15% | 10.5% | Apr 30, 2027 | $77m |
| DDFJ | Innovator Equity Dual Directional 15 Buffer ETF - Jan | Innovator | SPY | 15% | 9.0% | Dec 31, 2026 | $75m |
| DLFE | FT Vest U.S. Equity Dual Directional Buffer ETF - February | First Trust | SPY | 10% | 12.4% | Feb 19, 2027 | $69m |
| DDFN | Innovator Equity Dual Directional 15 Buffer ETF - Nov | Innovator | SPY | 15% | 10.0% | Oct 31, 2026 | $62m |
| DDFF | Innovator Equity Dual Directional 15 Buffer ETF - Feb | Innovator | SPY | 15% | 9.3% | Jan 31, 2027 | $59m |
| DDFA | Innovator Equity Dual Directional 15 Buffer ETF - Apr | Innovator | SPY | 15% | 13.4% | Mar 31, 2027 | $57m |
| DDFM | Innovator Equity Dual Directional 15 Buffer ETF - Mar | Innovator | SPY | 15% | 9.8% | Feb 28, 2027 | $44m |
| DDTY | Innovator Equity Dual Directional 10 Buffer ETF - May | Innovator | SPY | 10% | 14.6% | Apr 30, 2027 | $35m |
| DDTS | Innovator Equity Dual Directional 10 Buffer ETF - Sep | Innovator | SPY | 10% | 14.7% | Aug 31, 2027 | $32m |
| DDTZ | Innovator Equity Dual Directional 10 Buffer ETF - Jun | Innovator | SPY | 10% | 15.4% | May 31, 2027 | $32m |
| DDTN | Innovator Equity Dual Directional 10 Buffer ETF - Nov | Innovator | SPY | 10% | 13.8% | Oct 31, 2026 | $32m |
| DDTG | Innovator Equity Dual Directional 10 Buffer ETF - Aug | Innovator | SPY | 10% | 15.8% | Jul 31, 2027 | $31m |
| DDTO | Innovator Equity Dual Directional 10 Buffer ETF - Oct | Innovator | SPY | 10% | 14.8% | Sep 30, 2027 | $29m |
| DDNQ | Innovator Growth-100 Dual Directional 5 Buffer ETF - Quarterly | Innovator | QQQ | 5% | 5.7% | Dec 31, 2026 | $28m |
| DQSE | FT Vest Nasdaq-100 Dual Directional Buffer ETF - September | First Trust | QQQ | 0% to 10% | 18.8% | Sep 17, 2027 | $25m |
| DDTD | Innovator Equity Dual Directional 10 Buffer ETF - Dec | Innovator | SPY | 10% | 13.7% | Nov 30, 2026 | $23m |
| DLNV | FT Vest U.S. Equity Dual Directional Buffer ETF - November | First Trust | SPY | 10% | 14.0% | Nov 20, 2026 | $20m |
| DLAG | FT Vest U.S. Equity Dual Directional Buffer ETF - August | First Trust | SPY | 10% | 13.5% | Aug 20, 2027 | $19m |
| DDTF | Innovator Equity Dual Directional 10 Buffer ETF - Feb | Innovator | SPY | 10% | 13.2% | Jan 31, 2027 | $18m |
| DDTJ | Innovator Equity Dual Directional 10 Buffer ETF - Jan | Innovator | SPY | 10% | 12.8% | Dec 31, 2026 | $18m |
| DQJN | FT Vest Nasdaq-100 Dual Directional Buffer ETF - June | First Trust | QQQ | 10% | 21.4% | Jun 17, 2027 | $17m |
| DDTA | Innovator Equity Dual Directional 10 Buffer ETF - Apr | Innovator | SPY | 10% | 16.5% | Mar 31, 2027 | $15m |
| DDTM | Innovator Equity Dual Directional 10 Buffer ETF - Mar | Innovator | SPY | 10% | 13.7% | Feb 28, 2027 | $13m |
| DLMY | FT Vest U.S. Equity Dual Directional Buffer ETF - May | First Trust | SPY | 10% | 14.1% | May 21, 2027 | $12m |

### Questions people ask

How many dual directional etfs are there? ETFIQ covers 32 US listed dual directional etfs as of Oct 9, 2026, read from each issuer’s own outcome page. How is a dual directional ETF different from a buffer ETF? Funds that pay a positive return when the index falls, up to the buffer, and rise with it up to a cap when it does not. A fall inside the buffer is a gain rather than nothing.

### Where to next

### Where these figures came from

ETFIQ links to the documents behind every figure; a link is not an endorsement.

ETFIQ is an independent publisher and makes no recommendations; every figure is calculated from published data. Standards and sources

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, Dual directional ETFs: what each one protects, data as of Oct 9, 2026. https://etfiq.com/buffer/dual-directional
Licence: https://etfiq.com/license/ Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
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