Data as of .
BSEP vs DDTS: which one stands where?
As of Sep 19, 2026 BSEP can fall 0.0% before its buffer engages and DDTS 0.0%.
These are two different products. DDTS is a floor fund, which caps how far a holder can fall. BSEP 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
BSEP resets first, on Aug 31, 2027, 347 days from now; DDTS runs to Aug 31, 2027, 347 days. BSEP can still gain 19.9% before its cap, DDTS 14.8%. A fall from here reaches BSEP’s buffer after 0.0% and DDTS’s after 0.0%. Both track SPY, so what separates them is where each is in its own period.
Every figure is ETFIQ’s own, from the issuer’s published outcome-period terms. A buffer ETF holds FLEX options on its reference index rather than shares, so there is no holdings overlap between two of them to report.
Performance, window by window
| Window | Total return | Gap to the reference | ||
|---|---|---|---|---|
| BSEP | DDTS | BSEP | DDTS | |
| 3 months | +2.5% | +2.0% | +0.3 pts | −0.3 pts |
| 6 months | +12.6% | +9.3% | −5.5 pts | −8.7 pts |
| 1 year | +12.3% | +9.8% | −4.3 pts | −6.7 pts |
| 3 years | +56.2% | not published | −22.2 pts | not published |
| BSEP Innovator U.S. Equity Buffer ETF - Sep Absorbs the first 9% of loss on SPY and caps the gain at 19.8%, over a period ending Aug 31, 2027 | DDTS Innovator Equity Dual Directional 10 Buffer ETF - Sep Absorbs the first 10% of loss on SPY and caps the gain at 14.7%, over a period ending Aug 31, 2027 | |
|---|---|---|
| Issuer | Innovator | Innovator |
| Reference index | SPY | SPY |
| Buffer | 9% | 10% |
| Outcome period | Aug 31, 2026 to Aug 31, 2027 | Aug 31, 2026 to Aug 31, 2027 |
| Days left | 347 | 347 |
| Starting cap | +19.8% | +14.7% |
| Can still gain | 19.9% | 14.8% |
| Fall before buffer | 0.0% | 0.0% |
| Protection left, index points | 8.3% of 9.0% | 9.3% of 10.0% |
| Index return this period | −0.7% | −0.7% |
| Fund return this period | −0.2% | −0.1% |
| State today | Buffer working | Buffer working |
| Expense ratio | 0.79% | 0.79% |
| Net assets | $409m | $29m |
BSEP in plain words
From its price on Sep 19, 2026, the fund can gain about 19.9% more before it reaches its cap. Protection left, in index points: 8.3% of the 9.0% buffer still sits below today's SPY level. 347 days remained on Sep 19, 2026. On Aug 31, 2027 the period ends and a new cap is set.
DDTS in plain words
From its price on Sep 19, 2026, the fund can gain about 14.8% more before it reaches its cap. Protection left, in index points: 9.3% of the 10.0% buffer still sits below today's SPY level.
Questions people ask
- Which has more room to gain, BSEP or DDTS?
- From their prices on Sep 19, 2026, BSEP can gain about 19.9% before its cap and DDTS about 14.8%, so BSEP has more room left this period.
- Which resets first, BSEP or DDTS?
- BSEP ends its outcome period on Aug 31, 2027 and DDTS on Aug 31, 2027. A new cap is set the day after each.
- Which is cheaper, BSEP or DDTS?
- BSEP charges 0.79% a year and DDTS charges 0.79%, so BSEP is cheaper. Fees come from each fund's prospectus.
Other comparisons
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.
Cite this page. ETFIQ, BSEP against DDTS, data as of Sep 19, 2026. https://etfiq.com/compare/buffer/bsep-vs-ddts Free to use with attribution; the underlying files are at Open data.