Which has more room to gain, BJUL or DDFL?

From their prices on Oct 9, 2026, BJUL can gain about 13.8% before its cap and DDFL about 7.8%, so BJUL has more room left this period.

Which resets first, BJUL or DDFL?

BJUL ends its outcome period on Jun 30, 2027 and DDFL on Jun 30, 2027. A new cap is set the day after each.

Which is cheaper, BJUL or DDFL?

BJUL and DDFL both charge 0.79% a year, so neither is cheaper. Fees come from each fund's prospectus.

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BJUL vs DDFL: Cap, Buffer & Days Left

As of Oct 9, 2026 BJUL can fall 3.7% before its buffer engages and DDFL 2.9%. Net assets on Oct 9, 2026: $363m for Innovator U.S. Equity Buffer ETF - Jul and $159m for Innovator Equity Dual Directional 15 Buffer ETF - Jul.

Both cost 0.79% a year; their one-year returns differ by 5.0 points; BJUL is 2.3 times larger.

	BJUL	DDFL
Expense ratio	0.79%	0.79%
Net assets	$363m	$159m
Total return, 1 year	+12.9%	+7.9%
What it tracks	SPY	SPY
Holdings in common	not published
Index fall to the buffer	4.1%

3.7%

BJUL can fall this far before its buffer

2.9%

DDFL can fall this far before its buffer

13.8%

BJUL can still gain

7.8%

DDFL can still gain

BJULBetween buffer and cap

BJUL: reference +4.3% since period start, fund +3.6%; buffer 0 to −9; cap +18.1%; Between buffer and cap. Figures to Oct 9, 2026.

DDFLBetween buffer and cap

DDFL: reference +4.3% since period start, fund +2.8%; buffer 0 to −15; cap +10.9%; Between buffer and cap. Figures to Oct 9, 2026.

These are two different products. DDFL is a floor fund, which caps how far a holder can fall. BJUL 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

BJUL resets first, on Jun 30, 2027, 264 days from now; DDFL runs to Jun 30, 2027, 264 days. BJUL can still gain 13.8% before its cap, DDFL 7.8%. A fall from here reaches BJUL’s buffer after 3.7% and DDFL’s after 2.9%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

	Total return		Gap to the reference's price return
Window	BJUL	DDFL	BJUL	DDFL
3 months	+2.8%	+2.2%	−0.4 pts	−0.9 pts
6 months	+9.6%	+4.8%	−5.0 pts	−9.8 pts
1 year	+12.9%	+7.9%	−3.1 pts	−8.1 pts
3 years	+61.2%	not published	−17.9 pts	not published

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

BJUL

Innovator U.S. Equity Buffer ETF - Jul · Absorbs the first 9% of loss on SPY and caps the gain at 18.1%, over a period ending Jun 30, 2027

DDFL

Innovator Equity Dual Directional 15 Buffer ETF - Jul · Absorbs the first 15% of loss on SPY and caps the gain at 10.9%, over a period ending Jun 30, 2027

Issuer Innovator Innovator

Reference index SPY SPY

Buffer 9% 15%

Outcome period Jun 30, 2026 to Jun 30, 2027 Jun 30, 2026 to Jun 30, 2027

Days left 264 264

Starting cap +18.1% +10.9%

Can still gain 13.8% 7.8%

Fall before buffer 3.7% 2.9%

Protection left, index points 9.0% of 9.0% 15.0% of 15.0%

Index return this period +4.3% +4.3%

Fund return this period +3.6% +2.8%

State today Open Open

Expense ratio 0.79% 0.79%

Net assets $363m $159m

As of Oct 9, 2026. Source: ETFIQ.

BJUL in plain words

From its price on Oct 9, 2026, the fund can gain about 13.8% more before it reaches its cap. The fund's price can fall 3.7% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 4.1% 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. 264 days remained on Oct 9, 2026. On Jun 30, 2027 the period ends and a new cap is set.

DDFL in plain words

From its price on Oct 9, 2026, the fund can gain about 7.8% more before it reaches its cap. The fund's price can fall 2.9% from here before the buffer starts absorbing losses, by the issuer's figure. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, BJUL or DDFL?: From their prices on Oct 9, 2026, BJUL can gain about 13.8% before its cap and DDFL about 7.8%, so BJUL has more room left this period.
Which resets first, BJUL or DDFL?: BJUL ends its outcome period on Jun 30, 2027 and DDFL on Jun 30, 2027. A new cap is set the day after each.
Which is cheaper, BJUL or DDFL?: BJUL and DDFL both charge 0.79% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

BJUL vs XJUN BJUL vs ZJUL BJUL vs UOCT BJUL vs TJUL DDFL vs DJUN DDFL vs UJUL DDFL vs GJUN DDFL vs JULW

SPY →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →BJUL on its own →DDFL on its own →How every figure is computed →Standards and sources →

Where these figures came from

BJUL and DDFL filings on SEC EDGAR ↗Innovator page for BJUL ↗Innovator page for DDFL ↗

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, BJUL against DDFL, data as of Oct 9, 2026. https://etfiq.com/compare/buffer/bjul-vs-ddfl

Open data

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