Which has more room to gain, DDFJ or DDSQ?

From their prices on Oct 1, 2026, DDFJ can gain about 2.0% before its cap and DDSQ about 3.5%, so DDSQ has more room left this period.

Which resets first, DDFJ or DDSQ?

DDFJ ends its outcome period on Dec 31, 2026 and DDSQ on Dec 31, 2026. A new cap is set the day after each.

Which is cheaper, DDFJ or DDSQ?

DDFJ charges 0.79% a year and DDSQ charges 0.79%, so DDFJ is cheaper. Fees come from each fund's prospectus.

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DDFJ vs DDSQ: which one stands where?

As of Oct 1, 2026 DDFJ can fall 6.4% before its buffer engages and DDSQ 0.0%. Innovator Equity Dual Directional 15 Buffer ETF - Jan and Innovator Equity Dual Directional 5 Buffer ETF - Quarterly.

6.4%

DDFJ can fall this far before its buffer

0.0%

DDSQ can fall this far before its buffer

2.0%

DDFJ can still gain

3.5%

DDSQ can still gain

DDFJAt its cap

DDFJ: reference +11.8% since period start, fund +6.2%; buffer 0 to −15; cap +9.0%; At its cap.

DDSQBetween buffer and cap

DDSQ: reference 0.0% since period start, fund 0.0%; buffer 0 to −5; cap +3.5%; Between buffer and cap.

DDFJ 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

DDFJ resets first, on Dec 31, 2026, 92 days from now; DDSQ runs to Dec 31, 2026, 92 days. DDFJ can still gain 2.0% before its cap, DDSQ 3.5%. A fall from here reaches DDFJ’s buffer after 6.4% and DDSQ’s after 0.0%. Both track SPY, so what separates them is where each is in its own period.

Every figure is ETFIQ’s own, from the issuer’s published outcome-period terms. A buffer ETF holds FLEX options on its reference index rather than shares, so there is no holdings overlap between two of them to report.

Performance, window by window

	Total return		Gap to the reference
Window	DDFJ	DDSQ	DDFJ	DDSQ
3 months	+2.2%	+2.0%	−0.3 pts	−0.5 pts
6 months	+7.0%	+7.0%	−10.0 pts	−9.9 pts

DDFJ and DDSQ over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

DDFJ

Innovator Equity Dual Directional 15 Buffer ETF - Jan · Absorbs the first 15% of loss on SPY and caps the gain at 9.0%, over a period ending Dec 31, 2026

DDSQ

Innovator Equity Dual Directional 5 Buffer ETF - Quarterly · Absorbs the first 5% of loss on SPY and caps the gain at 3.5%, over a period ending Dec 31, 2026

Issuer Innovator Innovator

Reference index SPY SPY

Buffer 15% 5%

Outcome period Dec 31, 2025 to Dec 31, 2026 Sep 30, 2026 to Dec 31, 2026

Days left 92 92

Starting cap +9.0% +3.5%

Can still gain 2.0% 3.5%

Fall before buffer 6.4% 0.0%

Protection left, index points 15.0% of 15.0% 5.0% of 5.0%

Index return this period +11.8% 0.0%

Fund return this period +6.2% 0.0%

State today At cap Open

Expense ratio 0.79% 0.79%

Net assets $75m $92m

DDFJ and DDSQ on the same fields, as of Oct 1, 2026. Source: ETFIQ.

DDFJ in plain words

SPY had already risen past this fund's cap of +9.0% for the period on Oct 1, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 2.0% as the period runs out. The fund's price can fall 6.4% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 10.6% 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. 92 days remained on Oct 1, 2026. On Dec 31, 2026 the period ends and a new cap is set.

DDSQ in plain words

From its price on Oct 1, 2026, the fund can gain about 3.5% more before it reaches its cap. Protection left, in index points: 5.0% of the 5.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, DDFJ or DDSQ?: From their prices on Oct 1, 2026, DDFJ can gain about 2.0% before its cap and DDSQ about 3.5%, so DDSQ has more room left this period.
Which resets first, DDFJ or DDSQ?: DDFJ ends its outcome period on Dec 31, 2026 and DDSQ on Dec 31, 2026. A new cap is set the day after each.
Which is cheaper, DDFJ or DDSQ?: DDFJ charges 0.79% a year and DDSQ charges 0.79%, so DDFJ is cheaper. Fees come from each fund's prospectus.

Other comparisons

DDFJ vs PQV DDFJ vs PQX DDFJ vs PQXV DDFJ vs PQXX DDSQ vs GSEP DDSQ vs OCTP DDSQ vs OCTT DDSQ vs OCTU

SPY →DDFJ on its own →DDSQ on its own →How every figure is computed →Standards and sources →

Where these figures came from

DDFJ and DDSQ filings on SEC EDGAR ↗Innovator page for DDFJ ↗Innovator page for DDSQ ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, DDFJ against DDSQ, data as of Oct 1, 2026. https://etfiq.com/compare/buffer/ddfj-vs-ddsq

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.