Which has more room to gain, BJUL or DDTL?

From their prices on Nov 4, 2026, BJUL can gain about 14.8% before its cap and DDTL about 11.8%, so BJUL has more room left this period.

Which resets first, BJUL or DDTL?

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

Which is cheaper, BJUL or DDTL?

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

Data as of Nov 4, 2026.

Buffer ETFs

BJUL vs DDTL: Cap, Buffer & Days Left

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As of Nov 4, 2026 DDTL can fall 3.0% before its buffer engages and BJUL 2.9%.

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Net assets on Nov 4, 2026: $361m for Innovator U.S. Equity Buffer ETF - Jul and $90m for Innovator Equity Dual Directional 10 Buffer ETF - Jul.

BJUL on its own →DDTL on its own →

At a glance

2.9%

BJUL can fall this far before its buffer

3.0%

DDTL can fall this far before its buffer

14.8%

BJUL can still gain

11.8%

DDTL can still gain

BJUL Between buffer and cap

BJUL: reference +2.6% since period start, fund +2.6%; buffer 0 to −9; cap +18.1%; Between buffer and cap. Data to Nov 4, 2026.

DDTL Between buffer and cap

DDTL: reference +2.6% since period start, fund +2.8%; buffer 0 to −10; cap +15.2%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

Both cost 0.79% a year; their one-year returns differ by 2.1 points; BJUL is 4.0 times larger.

Points (pts) are percentage points.

BJUL vs DDTL: Cap, Buffer & Days Left
Measure	BJUL	DDTL
Return
Measure	BJUL	DDTL
Total return, 1 year	+11.6%	+9.5%
Drawdown
Measure	BJUL	DDTL
Index fall to the buffer	2.6%
Benchmark
Measure	BJUL	DDTL
What it tracks	SPY	SPY
Cost and size
Measure	BJUL	DDTL
Expense ratio	0.79%	0.79%
Net assets	$361m	$90m
Holdings
Measure	BJUL	DDTL
Holdings in common	not published

Method

Window by window

Window by window: BJUL vs DDTL: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	BJUL	DDTL	BJUL	DDTL
3 months	+0.3%	+0.9%	+0.7 pts	+1.2 pts
6 months	+4.7%	+4.1%	+0.2 pts	−0.4 pts
1 year	+11.6%	+9.5%	−1.9 pts	−4.1 pts
3 years	+59.5%	–	−16.9 pts	–
Since launchNot the same days: BJUL Aug 2018 · DDTL Jul 2025	+117.4%	+14.8%	−45.7 pts	−9.3 pts

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

Side by side

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 DDTL Innovator Equity Dual Directional 10 Buffer ETF - Jul · Absorbs the first 10% of loss on SPY and caps the gain at 15.2%, over a period ending Jun 30, 2027

Issuer Innovator Innovator

Reference index SPY SPY

Buffer 9% 10%

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

Days left 238 238

Starting cap +18.1% +15.2%

Can still gain 14.8% 11.8%

Fall before buffer 2.9% 3.0%

Protection left, index points 9.0% of 9.0% 10.0% of 10.0%

Index return this period +2.6% +2.6%

Fund return this period +2.6% +2.8%

State today Open Open

Expense ratio 0.79% 0.79%

Net assets $361m $90m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. DDTL 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, 238 days from now; DDTL runs to Jun 30, 2027, 238 days. BJUL can still gain 14.8% before its cap, DDTL 11.8%. A fall from here reaches BJUL’s buffer after 2.9% and DDTL’s after 3.0%. Both track SPY, so what separates them is where each is in its own period.

Alert

About each fund

BJUL

From its price on Nov 4, 2026, the fund can gain about 14.8% 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 number. In index terms, SPY can fall 2.6% 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. 238 days remained on Nov 4, 2026. On Jun 30, 2027 the period ends and a new cap is set.

DDTL

From its price on Nov 4, 2026, the fund can gain about 11.8% more before it reaches its cap. The fund's price can fall 3.0% from here before the buffer starts absorbing losses, by the issuer's number. 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, BJUL or DDTL?: From their prices on Nov 4, 2026, BJUL can gain about 14.8% before its cap and DDTL about 11.8%, so BJUL has more room left this period.
Which resets first, BJUL or DDTL?: BJUL ends its outcome period on Jun 30, 2027 and DDTL on Jun 30, 2027. A new cap is set the day after each.
Which is cheaper, BJUL or DDTL?: BJUL and DDTL both charge 0.79% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

BJUL vs PBJL BJUL vs JUNM BJUL vs JULT BJUL vs CPSJ DDTL vs DJUN DDTL vs UJUL DDTL vs GJUN DDTL vs JULW

Where to next

SPY →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →BJUL on its own →DDTL on its own →Method →Standards and sources →

Sources and dates

BJUL and DDTL filings on SEC EDGAR ↗

Innovator page for BJUL ↗

Innovator page for DDTL ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

ETFIQ calculates every number 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 number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, BJUL against DDTL, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/bjul-vs-ddtl

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