Which resets first, CTMA or DDFY?

CTMA ends its outcome period on Apr 30, 2027 and DDFY on Apr 30, 2027. A new cap is set the day after each.

Which is cheaper, CTMA or DDFY?

CTMA charges 0.30% a year and DDFY charges 0.79%, so CTMA is cheaper. Fees come from each fund's prospectus.

CTMA vs DDFY: which one stands where?

As of Oct 2, 2026 CTMA can fall 6.0% before its buffer engages and DDFY 4.4%. Corgi U.S. Equities 30% Structured Buffer ETF - May Series and Innovator Equity Dual Directional 15 Buffer ETF - May.

CTMA costs 0.49 points a year less; DDFY is 42.0 times larger.

	CTMA	DDFY
Expense ratio	0.30%	0.79%
Net assets	$2m	$76m
What it tracks	SPY	SPY
Holdings in common	not published

CTMABetween buffer and cap

CTMA: reference +6.3% since period start, fund +3.8%; buffer 0 to −30; cap +11.5%; Between buffer and cap.

DDFYBetween buffer and cap

DDFY: reference +7.1% since period start, fund +4.2%; buffer 0 to −15; cap +10.5%; Between buffer and cap.

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

Where each one stands today

CTMA resets first, on Apr 30, 2027, 210 days from now; DDFY runs to Apr 30, 2027, 210 days. A fall from here reaches CTMA’s buffer after 6.0% and DDFY’s after 4.4%. 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

	Total return		Gap to the reference
Window	CTMA	DDFY	CTMA	DDFY
3 months	+1.8%	+2.3%	−1.8 pts	−1.3 pts

CTMA and DDFY over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

CTMA

Corgi U.S. Equities 30% Structured Buffer ETF - May Series · Absorbs the first 30% of loss on SPY and caps the gain at 11.5%, over a period ending Apr 30, 2027

DDFY

Innovator Equity Dual Directional 15 Buffer ETF - May · Absorbs the first 15% of loss on SPY and caps the gain at 10.5%, over a period ending Apr 30, 2027

Issuer Corgi Innovator

Reference index SPY SPY

Buffer 30% 15%

Outcome period May 1, 2026 to Apr 30, 2027 Apr 30, 2026 to Apr 30, 2027

Days left 210 210

Starting cap +11.5% +10.5%

Can still gain not published 5.7%

Fall before buffer 6.0% 4.4%

Protection left, index points 30.0% of 30.0% 15.0% of 15.0%

Index return this period +6.3% +7.1%

Fund return this period +3.8% +4.2%

State today Open Open

Expense ratio 0.30% 0.79%

Net assets $2m $76m

CTMA and DDFY on the same fields, as of Oct 2, 2026. Source: ETFIQ.

CTMA in plain words

The fund's price can fall 6.0% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 6.0% from today's level to the point where the buffer begins. Protection left, in index points: 30.0% of the 30.0% buffer still sits below today's SPY level. 210 days remained on Oct 2, 2026. On Apr 30, 2027 the period ends and a new cap is set.

DDFY in plain words

From its price on Oct 2, 2026, the fund can gain about 5.7% more before it reaches its cap. The fund's price can fall 4.4% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 6.6% from today's level to the point where the buffer begins. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level.

Questions people ask

Which resets first, CTMA or DDFY?: CTMA ends its outcome period on Apr 30, 2027 and DDFY on Apr 30, 2027. A new cap is set the day after each.
Which is cheaper, CTMA or DDFY?: CTMA charges 0.30% a year and DDFY charges 0.79%, so CTMA is cheaper. Fees come from each fund's prospectus.

Other comparisons

CTMA vs DAPR CTMA vs FAPR CTMA vs GAPR CTMA vs HMAY DDFY vs MAYP DDFY vs MAYT DDFY vs MAYU DDFY vs MAYW

SPY →CTMA on its own →DDFY on its own →How every figure is computed →Standards and sources →

Where these figures came from

CTMA filings on SEC EDGAR ↗Corgi website ↗DDFY filings on SEC EDGAR ↗Innovator page for DDFY ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, CTMA against DDFY, data as of Oct 2, 2026. https://etfiq.com/compare/buffer/ctma-vs-ddfy

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.