Data as of Nov 4, 2026.

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Buffer ETFs

DDFJ vs JANT: Cap, Buffer & Days Left

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As of Nov 4, 2026 JANT can fall 10.4% before its buffer engages and DDFJ 7.1%.

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Net assets: $70m on Nov 4, 2026 for Innovator Equity Dual Directional 15 Buffer ETF - Jan, and $55m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer10 ETF - Jan.

At a glance
7.1%
DDFJ can fall this far before its buffer
10.4%
JANT can fall this far before its buffer
1.3%
DDFJ can still gain
3.8%
JANT 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% gain captured−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.
JANT Between buffer and cap
Between buffer and capJANT: reference +12.4% since period start, fund +10.7%; buffer 0 to −10; cap +15.6%; Between buffer and cap. Data to Nov 4, 2026.10 pts of buffer+12.4% gain captured−10.0% floor0% period start+15.6% cap+3.2% more to the capTODAY · SPY +12.4%Between buffer and capJANT: reference +12.4% since period start, fund +10.7%; buffer 0 to −10; cap +15.6%; Between buffer and cap. Data to Nov 4, 2026.10 pts+12.4%−10.0% floor0% start+15.6% cap+3.2% more to the capTODAY · SPY +12.4%

JANT: reference +12.4% since period start, fund +10.7%; buffer 0 to −10; cap +15.6%; Between buffer and cap. Data to Nov 4, 2026.

JANT: reference +12.4% since period start, fund +10.7%; buffer 0 to −10; cap +15.6%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

JANT costs 0.05 points a year less; DDFJ is 1.3 times larger.

Points (pts) are percentage points.

DDFJ vs JANT: Cap, Buffer & Days Left
MeasureDDFJJANT
Return
Total return, 1 yearnot published+13.6%
Drawdown
Index fall to the buffer11.0%11.1%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.79%0.74%
Net assets, as of Nov 3, 2026$70m$55m
Holdings
Holdings in commonnot published

Method

Risk and return

Jan 9, 2026 to Oct 30, 2026 · 42 weekly returns
DDFJ JANT
Return
Total return edge JANT +5.5% +8.2%
Price return edge JANT +5.5% +8.2%
Risk
Max drawdown edge DDFJ −3.1% −5.6%
Reading

From Jan 2026 to Oct 2026, JANT returned more: +8.2% to +5.5%. DDFJ fell less at its worst: −3.1% to −5.6%.

Full scorecard

3 measures, with how each is measured
Open ↓
Risk and return: DDFJ vs JANT: Cap, Buffer & Days Left
MeasureDDFJJANTEdgeHow it is measured
Return
Total return+5.5%+8.2%JANTPrice change plus distributions, reinvested.
Price return+5.5%+8.2%JANTPrice change alone, distributions left out.
Risk
Max drawdown−3.1%−5.6%DDFJDeepest fall from a high to the low after it.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 42 weekly returns. Cash rate: the 13-week Treasury bill.

Window by window

Window by window: DDFJ vs JANT: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowDDFJJANTDDFJJANT
3 months+1.3%+1.4%+1.7 pts+1.8 pts
6 months+3.6%+5.2%−0.9 pts+0.7 pts
1 year–+13.6%–0.0 pts
3 years–+59.7%–−16.7 pts
Since launchNot the same days: DDFJ Jan 2026 · JANT Jan 2021+6.4%+83.6%−5.8 pts−24.3 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 JANT AllianzIM U.S. Equity Buffer10 ETF - Jan · Absorbs the first 10% of loss on SPY and caps the gain at 15.6%, over a period ending Dec 31, 2026
Reference index SPY SPY
Buffer 15% 10%
Outcome period Dec 31, 2025 to Dec 31, 2026 Jan 1, 2026 to Dec 31, 2026
Days left 57 57
Starting cap +9.0% +15.6%
Can still gain 1.3% 3.8%
Fall before buffer 7.1% 10.4%
Protection left, index points 15.0% of 15.0% 10.0% of 10.0%
Index return this period +12.4% +12.4%
Fund return this period +6.9% +10.7%
State today At cap Open
Expense ratio 0.79% 0.74%
Net assets, DDFJ as of Nov 4, 2026 and JANT as of Nov 3, 2026 $70m $55m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. JANT 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.

DDFJ is already at its cap, so more rise in the index adds nothing to it before the period ends.

Where each one stands today

DDFJ resets first, on Dec 31, 2026, 57 days from now; JANT runs to Dec 31, 2026, 57 days. DDFJ can still gain 1.3% before its cap, JANT 3.8%. A fall from here reaches DDFJ’s buffer after 7.1% and JANT’s after 10.4%. Both track SPY, so what separates them is where each is in its own period.

Client brief

No client brief for this pair: ETFIQ prints no one-year total return for DDFJ.

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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.

JANT

From its price on Nov 4, 2026, the fund can gain about 3.8% more before it reaches its cap. The fund's price can fall 10.4% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 11.1% from today's level to the point where the buffer begins. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, DDFJ or JANT?
From their prices on Nov 4, 2026, DDFJ can gain about 1.3% before its cap and JANT about 3.8%, so JANT has more room left this period.
Which resets first, DDFJ or JANT?
DDFJ ends its outcome period on Dec 31, 2026 and JANT on Dec 31, 2026. A new cap is set the day after each.
Which is cheaper, DDFJ or JANT?
DDFJ charges 0.79% a year and JANT charges 0.74%, so JANT 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 JANT, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/ddfj-vs-jant

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