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CTMA vs DDTY: Cap, Buffer & Days Left

As of Oct 9, 2026 CTMA can fall 7.0% before its buffer engages and DDTY 6.3%. Net assets on Oct 9, 2026: $2m for Corgi U.S. Equities 30% Structured Buffer ETF - May Series and $36m for Innovator Equity Dual Directional 10 Buffer ETF - May.

CTMA costs 0.49 points a year less; DDTY is 19.5 times larger.

CTMADDTY
Expense ratio0.30%0.79%
Net assets$2m$36m
What it tracksSPYSPY
Holdings in commonnot published
Index fall to the buffer7.0%7.7%
CTMABetween buffer and cap
Between buffer and capCTMA: reference +7.6% since period start, fund +4.4%; buffer 0 to −30; cap +11.5%; Between buffer and cap. Figures to Oct 9, 2026.30 pts of buffer+7.6% gained−30.0% floor0% period start+11.5% cap+3.9% more to the capTODAY · SPY +7.6%Between buffer and capCTMA: reference +7.6% since period start, fund +4.4%; buffer 0 to −30; cap +11.5%; Between buffer and cap. Figures to Oct 9, 2026.30 pts of buffer−30.0% floor0% start+11.5% cap+7.6% gain captured+3.9% more to the capTODAY · SPY +7.6%

CTMA: reference +7.6% since period start, fund +4.4%; buffer 0 to −30; cap +11.5%; Between buffer and cap. Figures to Oct 9, 2026.

CTMA: reference +7.6% since period start, fund +4.4%; buffer 0 to −30; cap +11.5%; Between buffer and cap. Figures to Oct 9, 2026.

DDTYBetween buffer and cap
Between buffer and capDDTY: reference +8.3% since period start, fund +6.3%; buffer 0 to −10; cap +14.6%; Between buffer and cap. Figures to Oct 9, 2026.10 pts of buffer+8.3% gained−10.0% floor0% period start+14.6% cap+6.3% more to the capTODAY · SPY +8.3%Between buffer and capDDTY: reference +8.3% since period start, fund +6.3%; buffer 0 to −10; cap +14.6%; Between buffer and cap. Figures to Oct 9, 2026.10 pts−10.0% floor0% start+14.6% cap+8.3% gain captured+6.3% more to the capTODAY · SPY +8.3%

DDTY: reference +8.3% since period start, fund +6.3%; buffer 0 to −10; cap +14.6%; Between buffer and cap. Figures to Oct 9, 2026.

DDTY: reference +8.3% since period start, fund +6.3%; buffer 0 to −10; cap +14.6%; Between buffer and cap. Figures to Oct 9, 2026.

These are two different products. DDTY 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, 203 days from now; DDTY runs to Apr 30, 2027, 203 days. A fall from here reaches CTMA’s buffer after 7.0% and DDTY’s after 6.3%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

Total returnGap to the reference's price return
WindowCTMADDTYCTMADDTY
3 months+1.9%+2.8%−1.2 pts−0.3 pts

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

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
DDTY
Innovator Equity Dual Directional 10 Buffer ETF - May · Absorbs the first 10% of loss on SPY and caps the gain at 14.6%, over a period ending Apr 30, 2027
Issuer Corgi Innovator
Reference index SPY SPY
Buffer 30% 10%
Outcome period May 1, 2026 to Apr 30, 2027 Apr 30, 2026 to Apr 30, 2027
Days left 203 203
Starting cap +11.5% +14.6%
Can still gain not published 7.4%
Fall before buffer 7.0% 6.3%
Protection left, index points 30.0% of 30.0% 10.0% of 10.0%
Index return this period +7.6% +8.3%
Fund return this period +4.4% +6.3%
State today Open Open
Expense ratio 0.30% 0.79%
Net assets $2m $36m

As of Oct 9, 2026. Source: ETFIQ.

CTMA in plain words

The fund's price can fall 7.0% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 7.0% 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. 203 days remained on Oct 9, 2026. On Apr 30, 2027 the period ends and a new cap is set.

DDTY in plain words

From its price on Oct 9, 2026, the fund can gain about 7.4% more before it reaches its cap. The fund's price can fall 6.3% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 7.7% from today's level to the point where the buffer begins. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's SPY level.

Questions people ask

Which resets first, CTMA or DDTY?
CTMA ends its outcome period on Apr 30, 2027 and DDTY on Apr 30, 2027. A new cap is set the day after each.
Which is cheaper, CTMA or DDTY?
CTMA charges 0.30% a year and DDTY charges 0.79%, so CTMA is cheaper. Fees come from each fund's prospectus.
Other comparisons
CTMA vs MAYPCTMA vs DDFYCTMA vs PMMYCTMA vs MAYTDDTY vs MAYTDDTY vs GAPRDDTY vs DAPRDDTY vs MAYW
SPY →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →CTMA on its own →DDTY on its own →How every figure is computed →Standards and sources →
Where these figures came from
CTMA filings on SEC EDGAR ↗Corgi website ↗DDTY filings on SEC EDGAR ↗Innovator page for DDTY ↗

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, CTMA against DDTY, data as of Oct 9, 2026. https://etfiq.com/compare/buffer/ctma-vs-ddty

Open data

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