Which has more room to gain, DDFL or DDTL?

From their prices on Nov 4, 2026, DDFL can gain about 7.8% before its cap and DDTL about 11.8%, so DDTL has more room left this period.

Which resets first, DDFL or DDTL?

DDFL ends its outcome period on Jun 30, 2027 and DDTL on Jun 30, 2027. A new cap is set the day after each.

Which is cheaper, DDFL or DDTL?

DDFL and DDTL 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

DDFL vs DDTL: Cap, Buffer & Days Left

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As of Nov 4, 2026 DDTL can fall 3.0% before its buffer engages and DDFL 2.8%.

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Net assets on Nov 4, 2026: $160m for Innovator Equity Dual Directional 15 Buffer ETF - Jul and $90m for Innovator Equity Dual Directional 10 Buffer ETF - Jul.

DDFL on its own →DDTL on its own →

At a glance

2.8%

DDFL can fall this far before its buffer

3.0%

DDTL can fall this far before its buffer

7.8%

DDFL can still gain

11.8%

DDTL can still gain

DDFL Between buffer and cap

DDFL: reference +2.6% since period start, fund +2.6%; buffer 0 to −15; cap +10.9%; Between buffer and cap. Data to Nov 4, 2026.

DDTL Between buffer and cap

DDTL: reference +2.6% since period start, fund +2.8%; buffer 0 to −10; cap +15.2%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

Both cost 0.79% a year; their one-year returns differ by 2.2 points; DDFL is 1.8 times larger.

Points (pts) are percentage points.

DDFL vs DDTL: Cap, Buffer & Days Left
Measure	DDFL	DDTL
Return
Measure	DDFL	DDTL
Total return, 1 year	+7.3%	+9.5%
Drawdown
Measure	DDFL	DDTL
Index fall to the buffer	2.6%
Benchmark
Measure	DDFL	DDTL
What it tracks	SPY	SPY
Cost and size
Measure	DDFL	DDTL
Expense ratio	0.79%	0.79%
Net assets	$160m	$90m
Holdings
Measure	DDFL	DDTL
Holdings in common	not published

Method

Window by window

Window by window: DDFL vs DDTL: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	DDFL	DDTL	DDFL	DDTL
3 months	+1.1%	+0.9%	+1.5 pts	+1.2 pts
6 months	+3.5%	+4.1%	−1.0 pts	−0.4 pts
1 year	+7.3%	+9.5%	−6.2 pts	−4.1 pts
Since launchDDFL Jul 2025 · DDTL Jul 2025	+10.8%	+14.8%	−13.3 pts	−9.3 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Open this comparison in the app →

Side by side

DDFL Innovator Equity Dual Directional 15 Buffer ETF - Jul · Absorbs the first 15% of loss on SPY and caps the gain at 10.9%, over a period ending Jun 30, 2027 DDTL Innovator Equity Dual Directional 10 Buffer ETF - Jul · Absorbs the first 10% of loss on SPY and caps the gain at 15.2%, over a period ending Jun 30, 2027

Issuer Innovator Innovator

Reference index SPY SPY

Buffer 15% 10%

Outcome period Jun 30, 2026 to Jun 30, 2027 Jun 30, 2026 to Jun 30, 2027

Days left 238 238

Starting cap +10.9% +15.2%

Can still gain 7.8% 11.8%

Fall before buffer 2.8% 3.0%

Protection left, index points 15.0% of 15.0% 10.0% of 10.0%

Index return this period +2.6% +2.6%

Fund return this period +2.6% +2.8%

State today Open Open

Expense ratio 0.79% 0.79%

Net assets $160m $90m

As of Nov 4, 2026. Source: ETFIQ.

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

Where each one stands today

DDFL resets first, on Jun 30, 2027, 238 days from now; DDTL runs to Jun 30, 2027, 238 days. DDFL can still gain 7.8% before its cap, DDTL 11.8%. A fall from here reaches DDFL’s buffer after 2.8% and DDTL’s after 3.0%. Both track SPY, so what separates them is where each is in its own period.

Alert

About each fund

DDFL

From its price on Nov 4, 2026, the fund can gain about 7.8% more before it reaches its cap. The fund's price can fall 2.8% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 2.6% 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. 238 days remained on Nov 4, 2026. On Jun 30, 2027 the period ends and a new cap is set.

DDTL

From its price on Nov 4, 2026, the fund can gain about 11.8% more before it reaches its cap. The fund's price can fall 3.0% from here before the buffer starts absorbing losses, by the issuer's number. 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, DDFL or DDTL?: From their prices on Nov 4, 2026, DDFL can gain about 7.8% before its cap and DDTL about 11.8%, so DDTL has more room left this period.
Which resets first, DDFL or DDTL?: DDFL ends its outcome period on Jun 30, 2027 and DDTL on Jun 30, 2027. A new cap is set the day after each.
Which is cheaper, DDFL or DDTL?: DDFL and DDTL both charge 0.79% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

DDFL vs JULW DDFL vs UJUL DDFL vs DJUN DDFL vs GJUN DDTL vs UJUL DDTL vs DJUN DDTL vs GJUN DDTL vs PJUL

Where to next

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

Sources and dates

DDFL and DDTL filings on SEC EDGAR ↗

Innovator page for DDFL ↗

Innovator page for DDTL ↗

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, DDFL against DDTL, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/ddfl-vs-ddtl

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.