Which has more room to gain, DDFF or PFEB?

From their prices on Nov 4, 2026, DDFF can gain about 2.2% before its cap and PFEB about 3.6%, so PFEB has more room left this period.

Which resets first, DDFF or PFEB?

DDFF ends its outcome period on Jan 31, 2027 and PFEB on Jan 31, 2027. A new cap is set the day after each.

Which is cheaper, DDFF or PFEB?

DDFF and PFEB both charge 0.79% a year, so neither is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Buffer ETFs

DDFF vs PFEB: Cap, Buffer & Days Left

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As of Nov 4, 2026 PFEB can fall 7.9% before its buffer engages and DDFF 6.6%.

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Net assets on Nov 4, 2026: $57m for Innovator Equity Dual Directional 15 Buffer ETF - Feb and $884m for Innovator U.S. Equity Power Buffer ETF - Feb.

DDFF on its own →PFEB on its own →

At a glance

6.6%

DDFF can fall this far before its buffer

7.9%

PFEB can fall this far before its buffer

2.2%

DDFF can still gain

3.6%

PFEB can still gain

DDFF At its cap

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.

PFEB Between buffer and cap

PFEB: reference +10.8% since period start, fund +7.9%; buffer 0 to −15; cap +12.4%; Between buffer and cap. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

Both cost 0.79% a year; PFEB is 15.5 times larger.

Points (pts) are percentage points.

DDFF vs PFEB: Cap, Buffer & Days Left
Measure	DDFF	PFEB
Return
Measure	DDFF	PFEB
Total return, 1 year	not published	+11.3%
Drawdown
Measure	DDFF	PFEB
Index fall to the buffer	9.7%
Benchmark
Measure	DDFF	PFEB
What it tracks	SPY	SPY
Cost and size
Measure	DDFF	PFEB
Expense ratio	0.79%	0.79%
Net assets	$57m	$884m
Holdings
Measure	DDFF	PFEB
Holdings in common	not published

Method

Window by window

Window by window: DDFF vs PFEB: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	DDFF	PFEB	DDFF	PFEB
3 months	+1.3%	+1.4%	+1.7 pts	+1.8 pts
6 months	+3.6%	+4.4%	−0.9 pts	−0.1 pts
1 year	–	+11.3%	–	−2.3 pts
3 years	–	+44.0%	–	−32.4 pts
Since launchNot the same days: DDFF Feb 2026 · PFEB Feb 2020	+6.0%	+80.0%	−4.3 pts	−56.6 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

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 PFEB Innovator U.S. Equity Power Buffer ETF - Feb · Absorbs the first 15% of loss on SPY and caps the gain at 12.4%, over a period ending Jan 31, 2027

Issuer Innovator Innovator

Reference index SPY SPY

Buffer 15% 15%

Outcome period Jan 31, 2026 to Jan 31, 2027 Jan 31, 2026 to Jan 31, 2027

Days left 88 88

Starting cap +9.3% +12.4%

Can still gain 2.2% 3.6%

Fall before buffer 6.6% 7.9%

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% 0.79%

Net assets $57m $884m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. PFEB 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.

Both are Innovator funds, so the difference between them is the terms rather than the house.

Where each one stands today

DDFF resets first, on Jan 31, 2027, 88 days from now; PFEB runs to Jan 31, 2027, 88 days. DDFF can still gain 2.2% before its cap, PFEB 3.6%. A fall from here reaches DDFF’s buffer after 6.6% and PFEB’s after 7.9%. Both track SPY, so what separates them is where each is in its own period.

Alert

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.

PFEB

From its price on Nov 4, 2026, the fund can gain about 3.6% more before it reaches its cap. The fund's price can fall 7.9% from here before the buffer starts absorbing losses, by the issuer's number.

Questions people ask

Which has more room to gain, DDFF or PFEB?: From their prices on Nov 4, 2026, DDFF can gain about 2.2% before its cap and PFEB about 3.6%, so PFEB has more room left this period.
Which resets first, DDFF or PFEB?: DDFF ends its outcome period on Jan 31, 2027 and PFEB on Jan 31, 2027. A new cap is set the day after each.
Which is cheaper, DDFF or PFEB?: DDFF and PFEB both charge 0.79% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

DDFF vs FJAN DDFF vs DJAN DDFF vs GJAN DDFF vs FEBW PFEB vs SIXF PFEB vs FEBU PFEB vs XJAN PFEB vs DHDG

Where to next

SPY →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →DDFF on its own →PFEB on its own →Method →Standards and sources →

Sources and dates

DDFF and PFEB filings on SEC EDGAR ↗

Innovator page for DDFF ↗

Innovator page for PFEB ↗

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 PFEB, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/ddff-vs-pfeb

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