Data as of Nov 4, 2026.

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DDFA vs VOO: Differences, Returns & Fees

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DDFA and VOO are measured over different days, and VOO charges 0.03% to DDFA's 0.79%.

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Net assets: $58m on Nov 4, 2026 for Innovator Equity Dual Directional 15 Buffer ETF - Apr, and $1.0tn on Oct 31, 2026 for Vanguard S&P 500 ETF.

At a glance
+8.0%
DDFA total return, since launch, Apr 1, 2026
+14.8%
VOO total return, 1 year
0.79%
DDFA expense ratio
0.03%
VOO expense ratio

Pair scorecard

VOO costs 0.76 points a year less.

DDFA vs VOO: Differences, Returns & Fees
MeasureDDFAVOO
Return
Total return, 1 yearnot published+14.8%
Drawdown
Index fall to the buffer15.2%
Fund price fall to the buffer9.0%
Benchmark
What it tracksSPYS&P 500 Index
The outcome period
Buffer left, in index points15.0% of 15.0%
Days left in the period147
Period endsMar 31, 2027
Cost and size
Expense ratio0.79%0.03%
Net assets, DDFA as of Nov 4, 2026 and VOO as of Oct 31, 2026$58m$1.0tn
Holdings
Holdings in commonnot published
In the S&P 500, by weight100%
Holdings datedSep 30, 2026
Top ten holdings, share of the fund39.1%

Method

Side by side

DDFA Innovator Equity Dual Directional 15 Buffer ETF - Apr VOO Vanguard S&P 500 ETF
Where it sits Buffer ETF Stock ETF
What it is Defined outcome, 15% on SPY Tracks the S&P 500
Total return, 1 year +8.0% (since launch, Apr 1, 2026) +14.8%
Its benchmark over the same days +17.0% (SPY) (since launch, Apr 1, 2026) +14.8% (IVV)
Gap to its benchmark −9.0 pts vs SPY (since launch, Apr 1, 2026) 0.0 pts vs IVV
Expense ratio 0.79% 0.03%
Holdings not read by ETFIQ 505
Net assets, DDFA as of Nov 4, 2026 and VOO as of Oct 31, 2026 $58m $1.0tn

DDFA and VOO on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.

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About each fund
DDFA

SPY had already risen past this fund's cap of +13.4% for the period on Nov 4, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 3.2% as the period runs out.

The fund's price can fall 9.0% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 15.2% from today's level to the point where the buffer begins. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level. 147 days remained on Nov 4, 2026. On Mar 31, 2027 the period ends and a new cap is set.

VOO

VOO tracks the S&P 500. Over the year to Nov 4, 2026 it returned +14.8% with distributions reinvested, against +14.8% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 39.1%.

Questions people ask

Are DDFA and VOO in the same category?
DDFA is a buffer ETF and VOO is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which is cheaper, DDFA or VOO?
VOO is cheaper, by 0.76 percentage points a year. That is about $76 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
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ETFIQ, DDFA against VOO, data as of Nov 4, 2026. https://etfiq.com/compare/any/ddfa-vs-voo

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