Data as of Nov 4, 2026.

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DDFM vs SPYM: Differences, Returns & Fees

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DDFM and SPYM are measured over different days, and SPYM charges 0.02% to DDFM's 0.79%.

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Net assets: $43m on Nov 4, 2026 for Innovator Equity Dual Directional 15 Buffer ETF - Mar, and $181.7bn on Nov 3, 2026 for State Street SPDR Portfolio S&P 500 ETF.

At a glance
+6.0%
DDFM total return, since launch, Mar 2, 2026
+14.8%
SPYM total return, 1 year
0.79%
DDFM expense ratio
0.02%
SPYM expense ratio

Pair scorecard

SPYM costs 0.77 points a year less; SPYM is far larger, $181.7bn against $43m.

DDFM vs SPYM: Differences, Returns & Fees
MeasureDDFMSPYM
Return
Total return, 1 yearnot published+14.8%
Drawdown
Index fall to the buffer10.5%
Fund price fall to the buffer6.4%
Benchmark
What it tracksSPYS&P 500 Index
The outcome period
Buffer left, in index points15.0% of 15.0%
Days left in the period116
Period endsFeb 28, 2027
Cost and size
Expense ratio0.79%0.02%
Net assets, as of Nov 3, 2026$43m$181.7bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight100%
Top ten holdings, share of the fund37.3%

Method

Side by side

DDFM Innovator Equity Dual Directional 15 Buffer ETF - Mar SPYM State Street SPDR Portfolio 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 +6.0% (since launch, Mar 2, 2026) +14.8%
Its benchmark over the same days +11.7% (SPY) (since launch, Mar 2, 2026) +14.8% (IVV)
Gap to its benchmark −5.7 pts vs SPY (since launch, Mar 2, 2026) 0.0 pts vs IVV
Expense ratio 0.79% 0.02%
Holdings not read by ETFIQ 506
Net assets, DDFM as of Nov 4, 2026 and SPYM as of Nov 3, 2026 $43m $181.7bn
Former ticker none SPLG

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

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About each fund
DDFM

SPY had already risen past this fund's cap of +9.8% 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 2.8% as the period runs out.

The fund's price can fall 6.4% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 10.5% 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. 116 days remained on Nov 4, 2026. On Feb 28, 2027 the period ends and a new cap is set.

SPYM

SPYM 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 0.02% a year. By its holdings published by its issuer for Nov 3, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 506 positions, with the top ten at 37.3%.

Questions people ask

Are DDFM and SPYM in the same category?
DDFM is a buffer ETF and SPYM is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which is cheaper, DDFM or SPYM?
SPYM is cheaper, by 0.77 percentage points a year. That is about $77 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
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ETFIQ, DDFM against SPYM, data as of Nov 4, 2026. https://etfiq.com/compare/any/ddfm-vs-spym

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