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BFEB vs DHDG: Cap, Buffer & Days Left

As of Oct 21, 2026 BFEB can fall 9.5% before its buffer engages and DHDG 3.2%, and DHDG resets 16 days sooner. Net assets on Oct 21, 2026: $207m for Innovator U.S. Equity Buffer ETF - Feb and $79m for FT Vest U.S. Equity Quarterly 2.5 to 15 Buffer ETF.

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Ask IQ about BFEB and DHDG

Answers cite the figures on this page.

BFEB costs 0.06 points a year less; their one-year returns differ by 0.9 points; BFEB is 2.6 times larger.

Points (pts) are percentage points.

BFEB vs DHDG: Cap, Buffer & Days Left
BFEBDHDG
Expense ratio0.79%0.85%
Net assets$207m$79m
Total return, 1 year+14.7%+13.8%
What it tracksSPYSPY
Holdings in commonnot published
Index fall to the buffer10.5%3.7%
9.5%
BFEB can fall this far before its buffer
3.2%
DHDG can fall this far before its buffer
5.6%
BFEB can still gain
3.7%
DHDG can still gain

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BFEBBetween buffer and cap
Between buffer and capBFEB: reference +11.7% since period start, fund +9.8%; buffer 0 to −9; cap +16.6%; Between buffer and cap. Figures to Oct 21, 2026.9 pts of buffer+11.7% gain captured+4.9% to cap−9.0% floor0% period start+16.6% capTODAY · SPY +11.7%Between buffer and capBFEB: reference +11.7% since period start, fund +9.8%; buffer 0 to −9; cap +16.6%; Between buffer and cap. Figures to Oct 21, 2026.9 pts+11.7%−9.0% floor0% start+16.6% cap+4.9% more to the capTODAY · SPY +11.7%

BFEB: reference +11.7% since period start, fund +9.8%; buffer 0 to −9; cap +16.6%; Between buffer and cap. Figures to Oct 21, 2026.

BFEB: reference +11.7% since period start, fund +9.8%; buffer 0 to −9; cap +16.6%; Between buffer and cap. Figures to Oct 21, 2026.

DHDGBetween buffer and cap
Between buffer and capDHDG: reference +1.3% since period start, fund +0.5%; buffer −2 to −15; cap +4.5%; Between buffer and cap. Figures to Oct 21, 2026.12.5 pts of buffer−15.0% floor−2.5% buffer start0% period start+4.5% capfirst 2.5 pts are yours to lose+1.3% gain captured+3.2% more to the capTODAY · SPY +1.3%Between buffer and capDHDG: reference +1.3% since period start, fund +0.5%; buffer −2 to −15; cap +4.5%; Between buffer and cap. Figures to Oct 21, 2026.12.5 pts−15.0% floor−2.5% buffer start0% start+4.5% capfirst 2.5 pts are yours to lose+1.3% gain captured+3.2% more to the capTODAY · SPY +1.3%

DHDG: reference +1.3% since period start, fund +0.5%; buffer −2 to −15; cap +4.5%; Between buffer and cap. Figures to Oct 21, 2026.

DHDG: reference +1.3% since period start, fund +0.5%; buffer −2 to −15; cap +4.5%; Between buffer and cap. Figures to Oct 21, 2026.

ETFIQ Downside Cover Score · DHDG scores higherIf the market falls into a bear market from here, how much does the buffer absorb?
IQ Buffer Score20.4BFEB63.4DHDG

How much of a bear-market fall the buffer would absorb from today's level, ranked against 292 buffer ETFs on stocks with a live outcome period. 100 is best. How it is computed

0.2, the lowest in this set99.8, the highest

A percentile among the 292 buffer ETFs on stocks with a live outcome period. Today's position against one 20% fall; it ignores smaller falls, and stock buffers are never ranked against bond or commodity ones. All buffer ETFs ranked by it →

Where each one stands today

DHDG resets first, on Jan 15, 2027, 86 days from now; BFEB runs to Jan 31, 2027, 102 days. BFEB can still gain 5.6% before its cap, DHDG 3.7%. A fall from here reaches BFEB’s buffer after 9.5% and DHDG’s after 3.2%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

Performance, window by window: BFEB vs DHDG: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowBFEBDHDGBFEBDHDG
3 months+3.2%+2.9%−0.2 pts−0.5 pts
6 months+7.3%+7.3%−1.4 pts−1.4 pts
1 year+14.7%+13.8%−0.4 pts−1.4 pts
3 years+65.3%–−18.2 pts–
Since launch
Not the same days: BFEB Feb 2020 · DHDG Oct 2024
+120.9%+25.2%−17.6 pts−7.2 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Source: ETFIQ. – means no data for this window, usually because the fund is younger than it. Open this comparison in the app →

On the same fields

BFEB
Innovator U.S. Equity Buffer ETF - Feb · Absorbs the first 9% of loss on SPY and caps the gain at 16.6%, over a period ending Jan 31, 2027
DHDG
FT Vest U.S. Equity Quarterly 2.5 to 15 Buffer ETF · Absorbs losses from 2.5% to 15.0% on SPY and caps the gain at 4.5%, over a period ending Jan 15, 2027
Issuer Innovator First Trust
Reference index SPY SPY
Buffer 9% 2% to 15%
Outcome period Jan 31, 2026 to Jan 31, 2027 Oct 19, 2026 to Jan 15, 2027
Days left 102 86
Starting cap +16.6% +4.5%
Can still gain 5.6% 3.7%
Fall before buffer 9.5% 3.2%
Protection left, index points 9.0% of 9.0% 12.5% of 12.5%
Index return this period +11.7% +1.3%
Fund return this period +9.8% +0.5%
State today Open Open
Expense ratio 0.79% 0.85%
Net assets $207m $79m

As of Oct 21, 2026. Source: ETFIQ.

About BFEB

From its price on Oct 21, 2026, the fund can gain about 5.6% more before it reaches its cap. The fund's price can fall 9.5% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 10.5% 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. 102 days remained on Oct 21, 2026. On Jan 31, 2027 the period ends and a new cap is set.

About DHDG

From its price on Oct 21, 2026, the fund can gain about 3.7% more before it reaches its cap. The fund's price can fall 3.2% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 3.7% from today's level to the point where the buffer begins. Protection left, in index points: 12.5% of the 12.5% buffer still sits below today's SPY level. 86 days remained on Oct 21, 2026. On Jan 15, 2027 the period ends and a new cap is set.

Questions people ask

Which has more room to gain, BFEB or DHDG?
From their prices on Oct 21, 2026, BFEB can gain about 5.6% before its cap and DHDG about 3.7%, so BFEB has more room left this period.
Which resets first, BFEB or DHDG?
BFEB ends its outcome period on Jan 31, 2027 and DHDG on Jan 15, 2027. A new cap is set the day after each.
Which is cheaper, BFEB or DHDG?
BFEB charges 0.79% a year and DHDG charges 0.85%, so BFEB is cheaper. Fees come from each fund's prospectus.
Other comparisons
BFEB vs XJANBFEB vs DDFFBFEB vs SIXFBFEB vs ZFEBDHDG vs ZNOVDHDG vs FEBWDHDG vs BNOVDHDG vs UFEB
SPY →BFEB on its own →DHDG on its own →How every figure is computed →Standards and sources →
Where these figures came from
BFEB filings on SEC EDGAR ↗Innovator page for BFEB ↗DHDG filings on SEC EDGAR ↗First Trust page for DHDG ↗

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

How this is computed

It is a place in a set, not a rating or a recommendation.

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 pageCitation, APA and Markdown

ETFIQ, BFEB against DHDG, data as of Oct 21, 2026. https://etfiq.com/compare/buffer/bfeb-vs-dhdg

Open data

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