Data as of Nov 4, 2026.

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Buffer ETFs

DDFJ vs DECM: Cap, Buffer & Days Left

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As of Nov 4, 2026 DDFJ can fall 7.1% before its buffer engages and DECM 5.8%, and DECM resets 13 days sooner.

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Net assets: $70m on Nov 4, 2026 for Innovator Equity Dual Directional 15 Buffer ETF - Jan, and $35m on Nov 3, 2026 for FT Vest U.S. Equity Max Buffer ETF - December.

At a glance
7.1%
DDFJ can fall this far before its buffer
5.8%
DECM can fall this far before its buffer
1.3%
DDFJ can still gain
0.8%
DECM can still gain
DDFJ At its cap
At its capDDFJ: reference +12.4% since period start, fund +6.9%; buffer 0 to −15; cap +9.0%; At its cap. Data to Nov 4, 2026.15 pts of buffer+9% gained−15.0% floor0% period start+9.0% capTODAY · SPY +12.4%At its capDDFJ: reference +12.4% since period start, fund +6.9%; buffer 0 to −15; cap +9.0%; At its cap. Data to Nov 4, 2026.15 pts+9%−15.0% floor0% start+9.0% capTODAY · SPY +12.4%

DDFJ: reference +12.4% since period start, fund +6.9%; buffer 0 to −15; cap +9.0%; At its cap. Data to Nov 4, 2026.

DDFJ: reference +12.4% since period start, fund +6.9%; buffer 0 to −15; cap +9.0%; At its cap. Data to Nov 4, 2026.
DECM At its cap
At its capDECM: reference +12.7% since period start, fund +5.3%; buffer 0 to −51; cap +7.0%; At its cap. Data to Nov 4, 2026.50.6 pts of buffer+7%−50.6% floor0% period start+7.0% capTODAY · SPY +12.7%At its capDECM: reference +12.7% since period start, fund +5.3%; buffer 0 to −51; cap +7.0%; At its cap. Data to Nov 4, 2026.50.6 pts of buffer−50.6% floor0% start+7.0% cap+7% gain capturedTODAY · SPY +12.7%

DECM: reference +12.7% since period start, fund +5.3%; buffer 0 to −51; cap +7.0%; At its cap. Data to Nov 4, 2026.

DECM: reference +12.7% since period start, fund +5.3%; buffer 0 to −51; cap +7.0%; At its cap. Data to Nov 4, 2026.

Pair scorecard

DDFJ costs 0.06 points a year less; DDFJ is 2.0 times larger.

Points (pts) are percentage points.

DDFJ vs DECM: Cap, Buffer & Days Left
MeasureDDFJDECM
Return
Total return, 1 yearnot published+6.4%
Drawdown
Index fall to the buffer11.0%11.2%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.79%0.85%
Net assets, as of Nov 3, 2026$70m$35m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: DDFJ vs DECM: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowDDFJDECMDDFJDECM
3 months+1.3%+1.3%+1.7 pts+1.7 pts
6 months+3.6%+3.0%−0.9 pts−1.5 pts
1 year–+6.4%–−7.2 pts
Since launchNot the same days: DDFJ Jan 2026 · DECM Dec 2024+6.4%+11.9%−5.8 pts−17.0 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

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 DECM FT Vest U.S. Equity Max Buffer ETF - December · Absorbs the first 51% of loss on SPY and caps the gain at 7.0%, over a period ending Dec 18, 2026
Reference index SPY SPY
Buffer 15% 51%
Outcome period Dec 31, 2025 to Dec 31, 2026 Dec 22, 2025 to Dec 18, 2026
Days left 57 44
Starting cap +9.0% +7.0%
Can still gain 1.3% 0.8%
Fall before buffer 7.1% 5.8%
Protection left, index points 15.0% of 15.0% 50.6% of 50.6%
Index return this period +12.4% +12.7%
Fund return this period +6.9% +5.3%
State today At cap At cap
Expense ratio 0.79% 0.85%
Net assets, DDFJ as of Nov 4, 2026 and DECM as of Nov 3, 2026 $70m $35m

As of Nov 4, 2026. Source: ETFIQ.

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

Both are already at their cap, so neither gains from more rise in the index before the period ends.

Where each one stands today

DECM resets first, on Dec 18, 2026, 44 days from now; DDFJ runs to Dec 31, 2026, 57 days. DDFJ can still gain 1.3% before its cap, DECM 0.8%. A fall from here reaches DDFJ’s buffer after 7.1% and DECM’s after 5.8%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
DDFJ

SPY had already risen past this fund's cap of +9.0% 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 1.3% as the period runs out. The fund's price can fall 7.1% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 11.0% 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. 57 days remained on Nov 4, 2026. On Dec 31, 2026 the period ends and a new cap is set.

DECM

SPY had already risen past this fund's cap of +7.0% 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 0.8% as the period runs out. The fund's price can fall 5.8% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 11.2% from today's level to the point where the buffer begins. Protection left, in index points: 50.6% of the 50.6% buffer still sits below today's SPY level. 44 days remained on Nov 4, 2026. On Dec 18, 2026 the period ends and a new cap is set.

Questions people ask

Which has more room to gain, DDFJ or DECM?
From their prices on Nov 4, 2026, DDFJ can gain about 1.3% before its cap and DECM about 0.8%, so DDFJ has more room left this period.
Which resets first, DDFJ or DECM?
DDFJ ends its outcome period on Dec 31, 2026 and DECM on Dec 18, 2026. A new cap is set the day after each.
Which is cheaper, DDFJ or DECM?
DDFJ charges 0.79% a year and DECM charges 0.85%, so DDFJ is cheaper. Fees come from each fund's prospectus.
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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, DDFJ against DECM, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/ddfj-vs-decm

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