BAUG vs DDTG: Cap, Buffer & Days Left

As of Oct 9, 2026 DDTG can fall 3.4% before its buffer engages and BAUG 3.3%. Net assets on Oct 9, 2026: $275m for Innovator U.S. Equity Buffer ETF - Aug and $32m for Innovator Equity Dual Directional 10 Buffer ETF - Aug.

Both cost 0.79% a year; BAUG is 8.7 times larger.

BAUGDDTG
Expense ratio0.79%0.79%
Net assets$275m$32m
Total return, 1 year+14.0%not published
What it tracksSPYSPY
Holdings in commonnot published
Index fall to the buffer4.0%
3.3%
BAUG can fall this far before its buffer
3.4%
DDTG can fall this far before its buffer
13.9%
BAUG can still gain
11.9%
DDTG can still gain
BAUGBetween buffer and cap
Between buffer and capBAUG: reference +4.2% since period start, fund +3.3%; buffer 0 to −9; cap +17.8%; Between buffer and cap. Figures to Oct 9, 2026.9 pts of buffer+4.2%+13.6% more to the cap−9.0% floor0% period start+17.8% capTODAY · SPY +4.2%Between buffer and capBAUG: reference +4.2% since period start, fund +3.3%; buffer 0 to −9; cap +17.8%; Between buffer and cap. Figures to Oct 9, 2026.9 pts+13.6% to cap−9.0% floor0% start+17.8% cap+4.2% gain capturedTODAY · SPY +4.2%

BAUG: reference +4.2% since period start, fund +3.3%; buffer 0 to −9; cap +17.8%; Between buffer and cap. Figures to Oct 9, 2026.

BAUG: reference +4.2% since period start, fund +3.3%; buffer 0 to −9; cap +17.8%; Between buffer and cap. Figures to Oct 9, 2026.

DDTGBetween buffer and cap
Between buffer and capDDTG: reference +4.2% since period start, fund +3.4%; buffer 0 to −10; cap +15.8%; Between buffer and cap. Figures to Oct 9, 2026.10 pts of buffer+4.2%+11.6% more to the cap−10.0% floor0% period start+15.8% capTODAY · SPY +4.2%Between buffer and capDDTG: reference +4.2% since period start, fund +3.4%; buffer 0 to −10; cap +15.8%; Between buffer and cap. Figures to Oct 9, 2026.10 pts−10.0% floor0% start+15.8% cap+4.2% gain captured+11.6% more to the capTODAY · SPY +4.2%

DDTG: reference +4.2% since period start, fund +3.4%; buffer 0 to −10; cap +15.8%; Between buffer and cap. Figures to Oct 9, 2026.

DDTG: reference +4.2% since period start, fund +3.4%; buffer 0 to −10; cap +15.8%; Between buffer and cap. Figures to Oct 9, 2026.

These are two different products. DDTG is a floor fund, which caps how far a holder can fall. BAUG is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.

Both are Innovator funds, so the difference between them is the terms rather than the house.

Where each one stands today

BAUG resets first, on Jul 31, 2027, 295 days from now; DDTG runs to Jul 31, 2027, 295 days. BAUG can still gain 13.9% before its cap, DDTG 11.9%. A fall from here reaches BAUG’s buffer after 3.3% and DDTG’s after 3.4%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

Total returnGap to the reference
WindowBAUGDDTGBAUGDDTG
3 months+3.8%not published+0.6 ptsnot published
6 months+11.0%not published−3.6 ptsnot published
1 year+14.0%not published−2.0 ptsnot published
3 years+67.4%not published−11.8 ptsnot published

Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

BAUG
Innovator U.S. Equity Buffer ETF - Aug · Absorbs the first 9% of loss on SPY and caps the gain at 17.8%, over a period ending Jul 31, 2027
DDTG
Innovator Equity Dual Directional 10 Buffer ETF - Aug · Absorbs the first 10% of loss on SPY and caps the gain at 15.8%, over a period ending Jul 31, 2027
Reference index SPY SPY
Buffer 9% 10%
Outcome period Jul 31, 2026 to Jul 31, 2027 Jul 31, 2026 to Jul 31, 2027
Days left 295 295
Starting cap +17.8% +15.8%
Can still gain 13.9% 11.9%
Fall before buffer 3.3% 3.4%
Protection left, index points 9.0% of 9.0% 10.0% of 10.0%
Index return this period +4.2% +4.2%
Fund return this period +3.3% +3.4%
State today Open Open
Expense ratio 0.79% 0.79%
Net assets $275m $32m

As of Oct 9, 2026. Source: ETFIQ.

BAUG in plain words

From its price on Oct 9, 2026, the fund can gain about 13.9% more before it reaches its cap. The fund's price can fall 3.3% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 4.0% from today's level to the point where the buffer begins. Protection left, in index points: 9.0% of the 9.0% buffer still sits below today's SPY level. 295 days remained on Oct 9, 2026. On Jul 31, 2027 the period ends and a new cap is set.

DDTG in plain words

From its price on Oct 9, 2026, the fund can gain about 11.9% more before it reaches its cap. The fund's price can fall 3.4% from here before the buffer starts absorbing losses, by the issuer's figure. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, BAUG or DDTG?
From their prices on Oct 9, 2026, BAUG can gain about 13.9% before its cap and DDTG about 11.9%, so BAUG has more room left this period.
Which resets first, BAUG or DDTG?
BAUG ends its outcome period on Jul 31, 2027 and DDTG on Jul 31, 2027. A new cap is set the day after each.
Which is cheaper, BAUG or DDTG?
BAUG and DDTG both charge 0.79% a year, so neither is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

ETFIQ calculates every figure from each issuer’s published outcome-period terms. Buffer ETFs hold options on an index, not shares, so there is no holdings overlap to report.

Every figure is an ETFIQ calculation with distributions reinvested.

Cite this page

ETFIQ, BAUG against DDTG, data as of Oct 9, 2026. https://etfiq.com/compare/buffer/baug-vs-ddtg

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.