Data as of Nov 4, 2026.

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Buffer ETFs

DDFD vs SIXD: Cap, Buffer & Days Left

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As of Nov 4, 2026 DDFD can fall 8.2% before its buffer engages and SIXD 2.1%.

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Net assets: $95m on Nov 4, 2026 for Innovator Equity Dual Directional 15 Buffer ETF - Dec, and $385m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer10 ETF - Jun.

At a glance
8.2%
DDFD can fall this far before its buffer
2.1%
SIXD can fall this far before its buffer
0.6%
DDFD can still gain
5.9%
SIXD can still gain
DDFD At its cap
At its capDDFD: reference +12.2% since period start, fund +8.1%; buffer 0 to −15; cap +9.6%; At its cap. Data to Nov 4, 2026.15 pts of buffer+9.6% gain captured−15.0% floor0% period start+9.6% capTODAY · SPY +12.2%At its capDDFD: reference +12.2% since period start, fund +8.1%; buffer 0 to −15; cap +9.6%; At its cap. Data to Nov 4, 2026.15 pts of buffer+9.6%−15.0% floor0% start+9.6% capTODAY · SPY +12.2%

DDFD: reference +12.2% since period start, fund +8.1%; buffer 0 to −15; cap +9.6%; At its cap. Data to Nov 4, 2026.

DDFD: reference +12.2% since period start, fund +8.1%; buffer 0 to −15; cap +9.6%; At its cap. Data to Nov 4, 2026.
SIXD Between buffer and cap
Between buffer and capSIXD: reference +1.4% since period start, fund +1.7%; buffer 0 to −10; cap +8.1%; Between buffer and cap. Data to Nov 4, 2026.10 pts of buffer+6.7% to cap−10.0% floor0% period start+8.1% cap+1.4% gain capturedTODAY · SPY +1.4%Between buffer and capSIXD: reference +1.4% since period start, fund +1.7%; buffer 0 to −10; cap +8.1%; Between buffer and cap. Data to Nov 4, 2026.10 pts−10.0% floor0% start+8.1% cap+1.4% gain captured+6.7% more to the capTODAY · SPY +1.4%

SIXD: reference +1.4% since period start, fund +1.7%; buffer 0 to −10; cap +8.1%; Between buffer and cap. Data to Nov 4, 2026.

SIXD: reference +1.4% since period start, fund +1.7%; buffer 0 to −10; cap +8.1%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

SIXD costs 0.05 points a year less; SIXD is 4.1 times larger.

Points (pts) are percentage points.

DDFD vs SIXD: Cap, Buffer & Days Left
MeasureDDFDSIXD
Drawdown
Index fall to the buffer10.8%1.3%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.79%0.74%
Net assets, as of Nov 3, 2026$94m$385m
Holdings
Holdings in commonnot published

Method

Risk and return

Jan 2, 2026 to Oct 30, 2026 · 43 weekly returns
DDFD SIXD
Return
Total return edge SIXD +6.6% +7.8%
Price return edge SIXD +6.6% +7.8%
Risk
Max drawdown edge DDFD −2.9% −4.4%
Reading

From Jan 2026 to Oct 2026, SIXD returned more: +7.8% to +6.6%. DDFD fell less at its worst: −2.9% to −4.4%.

Full scorecard

3 measures, with how each is measured
Open ↓
Risk and return: DDFD vs SIXD: Cap, Buffer & Days Left
MeasureDDFDSIXDEdgeHow it is measured
Return
Total return+6.6%+7.8%SIXDPrice change plus distributions, reinvested.
Price return+6.6%+7.8%SIXDPrice change alone, distributions left out.
Risk
Max drawdown−2.9%−4.4%DDFDDeepest fall from a high to the low after it.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 43 weekly returns. Cash rate: the 13-week Treasury bill.

Window by window

Window by window: DDFD vs SIXD: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowDDFDSIXDDDFDSIXD
3 months+1.6%+0.1%+1.9 pts+0.5 pts
6 months+3.9%+3.3%−0.6 pts−1.2 pts
Since launchNot the same days: DDFD Dec 2025 · SIXD Dec 2025+7.9%+8.6%−4.8 pts−3.4 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Open this comparison in the app →

Side by side

DDFD Innovator Equity Dual Directional 15 Buffer ETF - Dec · Absorbs the first 15% of loss on SPY and caps the gain at 9.6%, over a period ending Nov 30, 2026 SIXD AllianzIM U.S. Equity Buffer10 ETF - Jun · Absorbs the first 10% of loss on SPY and caps the gain at 8.1%, over a period ending Nov 30, 2026
Reference index SPY SPY
Buffer 15% 10%
Outcome period Nov 30, 2025 to Nov 30, 2026 Jun 1, 2026 to Nov 30, 2026
Days left 26 26
Starting cap +9.6% +8.1%
Can still gain 0.6% 5.9%
Fall before buffer 8.2% 2.1%
Protection left, index points 15.0% of 15.0% 10.0% of 10.0%
Index return this period +12.2% +1.4%
Fund return this period +8.1% +1.7%
State today At cap Open
Expense ratio 0.79% 0.74%
Net assets, DDFD as of Nov 4, 2026 and SIXD as of Nov 3, 2026 $95m $385m

As of Nov 4, 2026. Source: ETFIQ.

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

DDFD is already at its cap, so more rise in the index adds nothing to it before the period ends.

Where each one stands today

DDFD resets first, on Nov 30, 2026, 26 days from now; SIXD runs to Nov 30, 2026, 26 days. DDFD can still gain 0.6% before its cap, SIXD 5.9%. A fall from here reaches DDFD’s buffer after 8.2% and SIXD’s after 2.1%. Both track SPY, so what separates them is where each is in its own period.

Client brief

No client brief for this pair: ETFIQ prints no one-year total return for DDFD or SIXD.

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About each fund
DDFD

SPY had already risen past this fund's cap of +9.6% for the period on Nov 4, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 0.6% as the period runs out. The fund's price can fall 8.2% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 10.8% 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. 26 days remained on Nov 4, 2026. On Nov 30, 2026 the period ends and a new cap is set.

SIXD

From its price on Nov 4, 2026, the fund can gain about 5.9% more before it reaches its cap. The fund's price can fall 2.1% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 1.3% 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 has more room to gain, DDFD or SIXD?
From their prices on Nov 4, 2026, DDFD can gain about 0.6% before its cap and SIXD about 5.9%, so SIXD has more room left this period.
Which resets first, DDFD or SIXD?
DDFD ends its outcome period on Nov 30, 2026 and SIXD on Nov 30, 2026. A new cap is set the day after each.
Which is cheaper, DDFD or SIXD?
DDFD charges 0.79% a year and SIXD charges 0.74%, so SIXD is cheaper. Fees come from each fund's prospectus.
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Sources and dates

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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.

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ETFIQ, DDFD against SIXD, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/ddfd-vs-sixd

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