Which is cheaper, DDTO or SPY?

DDTO charges 0.79% a year and SPY charges 0.09%, so SPY is cheaper. Fees come from each fund's prospectus.

Are DDTO and SPY the same kind of fund?

No. DDTO is a buffer ETF and SPY is an index ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.

Data as of Sep 19, 2026.

ETFIQetfiq.com · independent ETF data

DDTO vs SPY: how they differ

DDTO and SPY are measured over different days, and SPY charges 0.09% to DDTO's 0.79%.

Innovator Equity Dual Directional 10 Buffer ETF - Oct and SPDR S&P 500 ETF Trust.

DDTO and SPY on the fields both publish, as of Sep 19, 2026. Source: ETFIQ.
	DDTO Innovator Equity Dual Directional 10 Buffer ETF - Oct	SPY SPDR S&P 500 ETF Trust
Where it sits	Buffer ETF	Core fund
Issuer	Innovator	State Street
What it is	Defined outcome, 10% on SPY	Tracks the S&P 500
Total return, 1 year	not published	+16.6%
S&P 500 over the same days	not published	+16.6%
Gap to the S&P 500	not available	0.0 pts
Expense ratio	0.79%	0.09%
Holdings	not filed	505
Net assets	$28m	$785.0bn

DDTO in plain words

SPY had already risen past this fund's cap of +12.5% for the period on Sep 19, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 0.2% as the period runs out. The fund's price can fall 11.0% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 12.5% from today's level to the point where the buffer begins. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's SPY level. 12 days remained on Sep 19, 2026. On Sep 30, 2026 the period ends and a new cap is set.

SPY in plain words

SPY tracks the S&P 500. Over the year to Sep 18, 2026 it returned +16.6% with distributions reinvested, against +16.6% for the S&P 500 and +21.8% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer for Sep 18, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 38.5%.

Questions people ask

Which is cheaper, DDTO or SPY?: DDTO charges 0.79% a year and SPY charges 0.09%, so SPY is cheaper. Fees come from each fund's prospectus.
Are DDTO and SPY the same kind of fund?: No. DDTO is a buffer ETF and SPY is an index ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.

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Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

DDTO against SPY, ETFIQ, data as of Sep 19, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, DDTO against SPY, data as of Sep 19, 2026. https://etfiq.com/compare/any/ddto-vs-spy Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources