Data as of Nov 4, 2026.

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Buffer ETFs

DDFF vs GJAN: Cap, Buffer & Days Left

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As of Nov 4, 2026 GJAN can fall 8.1% before its buffer engages and DDFF 6.6%, and GJAN resets 16 days sooner.

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Net assets: $57m on Nov 4, 2026 for Innovator Equity Dual Directional 15 Buffer ETF - Feb, and $433m on Nov 3, 2026 for FT Vest U.S. Equity Moderate Buffer ETF - January.

At a glance
6.6%
DDFF can fall this far before its buffer
8.1%
GJAN can fall this far before its buffer
2.2%
DDFF can still gain
2.8%
GJAN can still gain
DDFF At its cap
At its capDDFF: reference +10.8% since period start, fund +6.4%; buffer 0 to −15; cap +9.3%; At its cap. Data to Nov 4, 2026.15 pts of buffer+9.3% gain captured−15.0% floor0% period start+9.3% capTODAY · SPY +10.8%At its capDDFF: reference +10.8% since period start, fund +6.4%; buffer 0 to −15; cap +9.3%; At its cap. Data to Nov 4, 2026.15 pts of buffer+9.3%−15.0% floor0% start+9.3% capTODAY · SPY +10.8%

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.
GJAN Between buffer and cap
Between buffer and capGJAN: reference +10.8% since period start, fund +7.9%; buffer 0 to −15; cap +11.8%; Between buffer and cap. Data to Nov 4, 2026.15 pts of buffer+10.8% gain captured−15.0% floor0% period start+11.8% cap+1% more to the capTODAY · SPY +10.8%Between buffer and capGJAN: reference +10.8% since period start, fund +7.9%; buffer 0 to −15; cap +11.8%; Between buffer and cap. Data to Nov 4, 2026.15 pts of buffer+10.8%−15.0% floor0% start+11.8% cap+1% more to the capTODAY · SPY +10.8%

GJAN: reference +10.8% since period start, fund +7.9%; buffer 0 to −15; cap +11.8%; Between buffer and cap. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

DDFF costs 0.06 points a year less; GJAN is 7.6 times larger.

Points (pts) are percentage points.

DDFF vs GJAN: Cap, Buffer & Days Left
MeasureDDFFGJAN
Return
Total return, 1 yearnot published+10.7%
Drawdown
Index fall to the buffer9.7%9.8%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.79%0.85%
Net assets, as of Nov 3, 2026$57m$433m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: DDFF vs GJAN: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowDDFFGJANDDFFGJAN
3 months+1.3%+1.6%+1.7 pts+2.0 pts
6 months+3.6%+4.4%−0.9 pts−0.1 pts
1 year–+10.7%–−2.8 pts
3 years–+41.9%–−34.5 pts
Since launchNot the same days: DDFF Feb 2026 · GJAN Jan 2023+6.0%+52.7%−4.3 pts−38.7 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

DDFF Innovator Equity Dual Directional 15 Buffer ETF - Feb · Absorbs the first 15% of loss on SPY and caps the gain at 9.3%, over a period ending Jan 31, 2027 GJAN FT Vest U.S. Equity Moderate Buffer ETF - January · Absorbs the first 15% of loss on SPY and caps the gain at 11.8%, over a period ending Jan 15, 2027
Reference index SPY SPY
Buffer 15% 15%
Outcome period Jan 31, 2026 to Jan 31, 2027 Jan 20, 2026 to Jan 15, 2027
Days left 88 72
Starting cap +9.3% +11.8%
Can still gain 2.2% 2.8%
Fall before buffer 6.6% 8.1%
Protection left, index points 15.0% of 15.0% 15.0% of 15.0%
Index return this period +10.8% +10.8%
Fund return this period +6.4% +7.9%
State today At cap Open
Expense ratio 0.79% 0.85%
Net assets, DDFF as of Nov 4, 2026 and GJAN as of Nov 3, 2026 $57m $433m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. GJAN 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

GJAN resets first, on Jan 15, 2027, 72 days from now; DDFF runs to Jan 31, 2027, 88 days. DDFF can still gain 2.2% before its cap, GJAN 2.8%. A fall from here reaches DDFF’s buffer after 6.6% and GJAN’s after 8.1%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
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.

GJAN

From its price on Nov 4, 2026, the fund can gain about 2.8% more before it reaches its cap. The fund's price can fall 8.1% 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. 72 days remained on Nov 4, 2026. On Jan 15, 2027 the period ends and a new cap is set.

Questions people ask

Which has more room to gain, DDFF or GJAN?
From their prices on Nov 4, 2026, DDFF can gain about 2.2% before its cap and GJAN about 2.8%, so GJAN has more room left this period.
Which resets first, DDFF or GJAN?
DDFF ends its outcome period on Jan 31, 2027 and GJAN on Jan 15, 2027. A new cap is set the day after each.
Which is cheaper, DDFF or GJAN?
DDFF charges 0.79% a year and GJAN charges 0.85%, so DDFF is cheaper. Fees come from each fund's prospectus.
Other comparisons
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Sources and dates

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.

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ETFIQ, DDFF against GJAN, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/ddff-vs-gjan

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