Data as of Nov 4, 2026.
DDFL vs GJUN: Cap, Buffer & Days Left
As of Nov 4, 2026 GJUN can fall 3.3% before its buffer engages and DDFL 2.8%, and GJUN 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 $497m on Nov 3, 2026 for FT Vest U.S. Equity Moderate 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.GJUN: reference +2.7% since period start, fund +2.5%; buffer 0 to −15; cap +13.3%; Between buffer and cap. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
DDFL costs 0.06 points a year less; their one-year returns differ by 1.0 point; GJUN is 3.1 times larger.
Points (pts) are percentage points.
| Measure | DDFL | GJUN |
|---|---|---|
| Return | ||
| Total return, 1 year | +7.3% | +8.3% |
| Drawdown | ||
| Index fall to the buffer | 2.6% | |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.79% | 0.85% |
| Net assets, as of Nov 3, 2026 | $159m | $497m |
| 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, GJUN returned more: +10.9% to +9.6%. DDFL swung less: 2.9% to 4.2%. DDFL fell less at its worst: −1.4% to −2.5%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | DDFL | GJUN | SPY | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +9.6% | +10.9% | GJUN | Price change plus distributions, reinvested. | |
| Annualized | +7.3% | +8.2% | GJUN | Total return as a yearly rate. | |
| Price return | +9.6% | +10.9% | GJUN | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 2.9% | 4.2% | 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% | −2.5% | DDFL | Deepest fall from a high to the low after it. | |
| Upside capture | 20.2% | 29.3% | 100.0% | GJUN | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 19.7% | 35.6% | 100.0% | DDFL | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.21 | 0.33 | 1.00 | DDFL lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.71 | 0.85 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 1.10 | 0.99 | DDFL | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.99 | 1.68 | DDFL | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.151 | 0.124 | 0.125 | DDFL | Return above Treasury bills per unit of beta. |
| Calmar | 5.18 | 3.36 | 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 | 0.0% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.39 | −0.03 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −2.2% to +3.3% | −2.9% to +2.8% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −1.01 | −1.07 | DDFL (slight) | Return against its benchmark per unit of tracking error. | |
| Tracking error | 9.3% | 7.9% | 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 | GJUN | DDFL | GJUN |
| 3 months | +1.1% | +0.7% | +1.5 pts | +1.1 pts |
| 6 months | +3.5% | +3.3% | −1.0 pts | −1.2 pts |
| 1 year | +7.3% | +8.3% | −6.2 pts | −5.3 pts |
| 3 years | – | +40.7% | – | −35.7 pts |
| Since launchNot the same days: DDFL Jul 2025 · GJUN Jun 2023 | +10.8% | +41.3% | −13.3 pts | −34.1 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. GJUN 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
GJUN 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, GJUN 9.8%. A fall from here reaches DDFL’s buffer after 2.8% and GJUN’s after 3.3%. 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.
GJUN
From its price on Nov 4, 2026, the fund can gain about 9.8% more before it reaches its cap. The fund's price can fall 3.3% from here before the buffer starts absorbing losses, by the issuer's number. 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 GJUN, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/ddfl-vs-gjun
ETFIQ. (Nov 4, 2026). DDFL against GJUN. Retrieved from https://etfiq.com/compare/buffer/ddfl-vs-gjun
[DDFL against GJUN (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/ddfl-vs-gjun)
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