Data as of Nov 4, 2026.
DDFF vs FEBU: Cap, Buffer & Days Left
As of Nov 4, 2026 FEBU can fall 7.4% before its buffer engages and DDFF 6.6%.
askIQ about this page
askIQ about DDFF and FEBU
Net assets: $57m on Nov 4, 2026 for Innovator Equity Dual Directional 15 Buffer ETF - Feb, and $47m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer15 Uncapped ETF - Feb.
DDFF: reference +10.8% since period start, fund +6.4%; buffer 0 to −15; cap +9.3%; At its cap. Data to Nov 4, 2026.
DDFF: reference +10.8% since period start, fund +6.4%; buffer 0 to −15; cap +9.3%; At its cap. Data to Nov 4, 2026.FEBU: reference +10.8% since period start, fund +7.1%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
FEBU costs 0.05 points a year less; DDFF is 1.2 times larger.
Points (pts) are percentage points.
| Measure | DDFF | FEBU |
|---|---|---|
| Return | ||
| Total return, 1 year | not published | +9.0% |
| Drawdown | ||
| Index fall to the buffer | 9.7% | 9.8% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.79% | 0.74% |
| Net assets, as of Nov 3, 2026 | $57m | $47m |
| Holdings | ||
| Holdings in common | not published | |
Risk and return
Feb 13, 2026 to Oct 30, 2026 · 37 weekly returnsFrom Feb 2026 to Oct 2026, FEBU returned slightly more: +6.8% to +6.4%. DDFF fell less at its worst: −3.1% to −4.9%.
Full scorecard
3 measures, with how each is measured Open ↓
| Measure | DDFF | FEBU | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +6.4% | +6.8% | FEBU (slight) | Price change plus distributions, reinvested. |
| Price return | +6.4% | +6.8% | FEBU (slight) | Price change alone, distributions left out. |
| Risk | ||||
| Max drawdown | −3.1% | −4.9% | DDFF | Deepest fall from a high to the low after it. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 37 weekly returns. Cash rate: the 13-week Treasury bill.
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | DDFF | FEBU | DDFF | FEBU |
| 3 months | +1.3% | −1.3% | +1.7 pts | −0.9 pts |
| 6 months | +3.6% | +2.3% | −0.9 pts | −2.2 pts |
| 1 year | – | +9.0% | – | −4.6 pts |
| Since launchNot the same days: DDFF Feb 2026 · FEBU Feb 2025 | +6.0% | +19.7% | −4.3 pts | −8.6 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
As of Nov 4, 2026. Source: ETFIQ.
These are two different products. FEBU is a floor fund, which caps how far a holder can fall. DDFF is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.
DDFF is already at its cap, so more rise in the index adds nothing to it before the period ends.
Where each one stands today
DDFF resets first, on Jan 31, 2027, 88 days from now; FEBU runs to Jan 31, 2027, 88 days. A fall from here reaches DDFF’s buffer after 6.6% and FEBU’s after 7.4%. Both track SPY, so what separates them is where each is in its own period.
No client brief for this pair: ETFIQ prints no one-year total return for DDFF.
DDFF
SPY had already risen past this fund's cap of +9.3% 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 2.2% as the period runs out. The fund's price can fall 6.6% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 9.7% 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. 88 days remained on Nov 4, 2026. On Jan 31, 2027 the period ends and a new cap is set.
FEBU
This fund has no cap. It takes a share of any further rise in SPY. The fund's price can fall 7.4% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 9.8% from today's level to the point where the buffer begins. On Jan 31, 2027 the period ends and new terms are set.
Questions people ask
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, DDFF against FEBU, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/ddff-vs-febu
ETFIQ. (Nov 4, 2026). DDFF against FEBU. Retrieved from https://etfiq.com/compare/buffer/ddff-vs-febu
[DDFF against FEBU (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/ddff-vs-febu)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.