Data as of Nov 4, 2026.
DDFL vs DJUN: Cap, Buffer & Days Left
As of Nov 4, 2026 DJUN can fall 7.9% before its buffer engages and DDFL 2.8%, and DJUN resets 13 days sooner.
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Net assets: $160m on Nov 4, 2026 for Innovator Equity Dual Directional 15 Buffer ETF - Jul, and $368m on Nov 3, 2026 for FT Vest U.S. Equity Deep Buffer ETF - June.
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.
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.DJUN: reference +2.7% since period start, fund +2.2%; buffer −5 to −30; cap +13.6%; Between buffer and cap. Data to Nov 4, 2026.
DJUN: reference +2.7% since period start, fund +2.2%; buffer −5 to −30; cap +13.6%; Between buffer and cap. Data to Nov 4, 2026.Pair scorecard
DDFL costs 0.06 points a year less; their one-year returns differ by 0.6 points; DJUN is 2.3 times larger.
Points (pts) are percentage points.
| Measure | DDFL | DJUN |
|---|---|---|
| Return | ||
| Total return, 1 year | +7.3% | +7.9% |
| Drawdown | ||
| Index fall to the buffer | 2.6% | 7.5% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.79% | 0.85% |
| Net assets, as of Nov 3, 2026 | $159m | $368m |
| Holdings | ||
| Holdings in common | not published | |
Risk and return
Jul 11, 2025 to Oct 30, 2026 · 68 weekly returns · each against SPYFrom Jul 2025 to Oct 2026, DJUN returned slightly more: +10.5% to +9.6%. DDFL swung less: 2.9% to 4.3%. DDFL fell less at its worst: −1.4% to −2.7%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | DDFL | DJUN | SPY | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +9.6% | +10.5% | DJUN (slight) | Price change plus distributions, reinvested. | |
| Annualized | +7.3% | +7.9% | DJUN (slight) | Total return as a yearly rate. | |
| Price return | +9.6% | +10.5% | DJUN (slight) | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 2.9% | 4.3% | DDFL | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 1.6% | 2.5% | DDFL | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −1.4% | −2.7% | DDFL | Deepest fall from a high to the low after it. | |
| Upside capture | 20.2% | 29.8% | 100.0% | DJUN | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 19.7% | 37.8% | 100.0% | DDFL | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.21 | 0.34 | 1.00 | DDFL lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.71 | 0.84 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 1.10 | 0.89 | DDFL | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.99 | 1.52 | DDFL | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.151 | 0.113 | 0.125 | DDFL | Return above Treasury bills per unit of beta. |
| Calmar | 5.18 | 2.91 | DDFL | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | SPY | SPY | SPY | The ETF each fund is measured against. | |
| Alpha | +0.5% a year | −0.4% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.39 | −0.29 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −2.2% to +3.3% | −3.5% to +2.6% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −1.01 | −1.11 | DDFL (slight) | Return against its benchmark per unit of tracking error. | |
| Tracking error | 9.3% | 7.8% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 68 weekly returns. Cash rate: the 13-week Treasury bill.
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | DDFL | DJUN | DDFL | DJUN |
| 3 months | +1.1% | +0.4% | +1.5 pts | +0.8 pts |
| 6 months | +3.5% | +3.1% | −1.0 pts | −1.4 pts |
| 1 year | +7.3% | +7.9% | −6.2 pts | −5.7 pts |
| 3 years | – | +40.8% | – | −35.6 pts |
| Since launchNot the same days: DDFL Jul 2025 · DJUN Jun 2020 | +10.8% | +65.1% | −13.3 pts | −81.7 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
As of Nov 4, 2026. Source: ETFIQ.
These are two different products. DJUN is a floor fund, which caps how far a holder can fall. DDFL is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.
Where each one stands today
DJUN resets first, on Jun 17, 2027, 225 days from now; DDFL runs to Jun 30, 2027, 238 days. DDFL can still gain 7.8% before its cap, DJUN 10.3%. A fall from here reaches DDFL’s buffer after 2.8% and DJUN’s after 7.9%. Both track SPY, so what separates them is where each is in its own period.
Client brief:
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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.
DJUN
From its price on Nov 4, 2026, the fund can gain about 10.3% 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. In index terms, SPY can fall 7.5% from today's level to the point where the buffer begins. Protection left, in index points: 25.0% of the 25.0% buffer still sits below today's SPY level. 225 days remained on Nov 4, 2026. On Jun 17, 2027 the period ends and a new cap is set.
Questions people ask
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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 DJUN, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/ddfl-vs-djun
ETFIQ. (Nov 4, 2026). DDFL against DJUN. Retrieved from https://etfiq.com/compare/buffer/ddfl-vs-djun
[DDFL against DJUN (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/ddfl-vs-djun)
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