Data as of Nov 4, 2026.

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Across categories

DDFO vs SPYM: Differences, Returns & Fees

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Over the year to Nov 4, 2026, DDFO returned +8.2% to SPYM's +14.8%, and SPYM charges 0.02% to DDFO's 0.79%.

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Net assets: $176m on Nov 4, 2026 for Innovator Equity Dual Directional 15 Buffer ETF - Oct, and $181.7bn on Nov 3, 2026 for State Street SPDR Portfolio S&P 500 ETF.

At a glance
+8.2%
DDFO total return, 1 year
+14.8%
SPYM total return, 1 year
0.79%
DDFO expense ratio
0.02%
SPYM expense ratio

Pair scorecard

SPYM costs 0.77 points a year less; their one-year returns differ by 6.6 points; SPYM is far larger, $181.7bn against $173m.

DDFO vs SPYM: Differences, Returns & Fees
MeasureDDFOSPYM
Return
Total return, 1 year+8.2%+14.8%
Drawdown
Index fall to the buffer0.5%
Fund price fall to the buffer0.7%
Benchmark
What it tracksSPYS&P 500 Index
The outcome period
Room to the cap9.9%
Buffer left, in index points15.0% of 15.0%
Days left in the period330
Period endsSep 30, 2027
Cost and size
Expense ratio0.79%0.02%
Net assets, as of Nov 3, 2026$173m$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

DDFO Innovator Equity Dual Directional 15 Buffer ETF - Oct 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 +8.2% +14.8%
Its benchmark over the same days +13.6% (SPY) +14.8% (IVV)
Gap to its benchmark −5.4 pts vs SPY 0.0 pts vs IVV
Expense ratio 0.79% 0.02%
Holdings not read by ETFIQ 506
Net assets, DDFO as of Nov 4, 2026 and SPYM as of Nov 3, 2026 $176m $181.7bn
Former ticker none SPLG

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

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About each fund
DDFO

From its price on Nov 4, 2026, the fund can gain about 9.9% more before it reaches its cap. The fund's price can fall 0.7% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 0.5% 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. 330 days remained on Nov 4, 2026. On Sep 30, 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 DDFO and SPYM in the same category?
DDFO 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 returned more over the last year, DDFO or SPYM?
In the year to Nov 4, 2026, with distributions reinvested, DDFO returned +8.2% and SPYM +14.8%.
Which is cheaper, DDFO 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, DDFO against SPYM, data as of Nov 4, 2026. https://etfiq.com/compare/any/ddfo-vs-spym

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