Data as of Nov 4, 2026.

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DDSQ vs SPYM: Differences, Returns & Fees

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

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Net assets: $114m on Nov 4, 2026 for Innovator Equity Dual Directional 5 Buffer ETF - Quarterly, and $181.7bn on Nov 3, 2026 for State Street SPDR Portfolio S&P 500 ETF.

At a glance
+12.9%
DDSQ total return, since launch, Jan 2, 2026
+14.8%
SPYM total return, 1 year
0.79%
DDSQ expense ratio
0.02%
SPYM expense ratio

Pair scorecard

SPYM costs 0.77 points a year less; SPYM is far larger, $181.7bn against $113m.

DDSQ vs SPYM: Differences, Returns & Fees
MeasureDDSQSPYM
Return
Total return, 1 yearnot published+14.8%
Drawdown
Index fall to the buffer0.5%
Fund price fall to the buffer0.9%
Benchmark
What it tracksSPYS&P 500 Index
The outcome period
Room to the cap2.6%
Buffer left, in index points5.0% of 5.0%
Days left in the period57
Period endsDec 31, 2026
Cost and size
Expense ratio0.79%0.02%
Net assets, as of Nov 3, 2026$113m$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

DDSQ Innovator Equity Dual Directional 5 Buffer ETF - Quarterly SPYM State Street SPDR Portfolio S&P 500 ETF
Where it sits Buffer ETF Stock ETF
What it is Defined outcome, 5% on SPY Tracks the S&P 500
Total return, 1 year +12.9% (since launch, Jan 2, 2026) +14.8%
Its benchmark over the same days +12.2% (SPY) (since launch, Jan 2, 2026) +14.8% (IVV)
Gap to its benchmark +0.7 pts vs SPY (since launch, Jan 2, 2026) 0.0 pts vs IVV
Expense ratio 0.79% 0.02%
Holdings not read by ETFIQ 506
Net assets, DDSQ as of Nov 4, 2026 and SPYM as of Nov 3, 2026 $114m $181.7bn
Former ticker none SPLG

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

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About each fund
DDSQ

From its price on Nov 4, 2026, the fund can gain about 2.6% more before it reaches its cap. The fund's price can fall 0.9% 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: 5.0% of the 5.0% buffer still sits below today's SPY level. 57 days remained on Nov 4, 2026. On Dec 31, 2026 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 DDSQ and SPYM in the same category?
DDSQ 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, DDSQ 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, DDSQ against SPYM, data as of Nov 4, 2026. https://etfiq.com/compare/any/ddsq-vs-spym

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