Which has more room to gain, DDFM or DDTM?

From their prices on Nov 4, 2026, DDFM can gain about 2.8% before its cap and DDTM about 4.1%, so DDTM has more room left this period.

Which resets first, DDFM or DDTM?

DDFM ends its outcome period on Feb 28, 2027 and DDTM on Feb 28, 2027. A new cap is set the day after each.

Which is cheaper, DDFM or DDTM?

DDFM and DDTM 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

DDFM vs DDTM: Cap, Buffer & Days Left

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As of Nov 4, 2026 DDTM can fall 8.5% before its buffer engages and DDFM 6.4%.

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Net assets on Nov 4, 2026: $43m for Innovator Equity Dual Directional 15 Buffer ETF - Mar and $13m for Innovator Equity Dual Directional 10 Buffer ETF - Mar.

DDFM on its own →DDTM on its own →

At a glance

6.4%

DDFM can fall this far before its buffer

8.5%

DDTM can fall this far before its buffer

2.8%

DDFM can still gain

4.1%

DDTM can still gain

DDFM At its cap

DDFM: reference +11.7% since period start, fund +6.2%; buffer 0 to −15; cap +9.8%; At its cap. Data to Nov 4, 2026.

DDTM Between buffer and cap

DDTM: reference +11.7% since period start, fund +8.6%; buffer 0 to −10; cap +13.7%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

Both cost 0.79% a year; DDFM is 3.3 times larger.

Points (pts) are percentage points.

DDFM vs DDTM: Cap, Buffer & Days Left
Measure	DDFM	DDTM
Drawdown
Measure	DDFM	DDTM
Index fall to the buffer	10.5%
Benchmark
Measure	DDFM	DDTM
What it tracks	SPY	SPY
Cost and size
Measure	DDFM	DDTM
Expense ratio	0.79%	0.79%
Net assets	$43m	$13m
Holdings
Measure	DDFM	DDTM
Holdings in common	not published

Method

Window by window

Window by window: DDFM vs DDTM: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	DDFM	DDTM	DDFM	DDTM
3 months	+1.3%	+1.6%	+1.7 pts	+2.0 pts
6 months	+3.6%	+4.8%	−0.9 pts	+0.3 pts
Since launchDDFM Mar 2026 · DDTM Mar 2026	+6.0%	+8.5%	−5.7 pts	−3.2 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

DDFM Innovator Equity Dual Directional 15 Buffer ETF - Mar · Absorbs the first 15% of loss on SPY and caps the gain at 9.8%, over a period ending Feb 28, 2027 DDTM Innovator Equity Dual Directional 10 Buffer ETF - Mar · Absorbs the first 10% of loss on SPY and caps the gain at 13.7%, over a period ending Feb 28, 2027

Issuer Innovator Innovator

Reference index SPY SPY

Buffer 15% 10%

Outcome period Feb 28, 2026 to Feb 28, 2027 Feb 28, 2026 to Feb 28, 2027

Days left 116 116

Starting cap +9.8% +13.7%

Can still gain 2.8% 4.1%

Fall before buffer 6.4% 8.5%

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

Index return this period +11.7% +11.7%

Fund return this period +6.2% +8.6%

State today At cap Open

Expense ratio 0.79% 0.79%

Net assets $43m $13m

As of Nov 4, 2026. Source: ETFIQ.

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

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

Where each one stands today

DDFM resets first, on Feb 28, 2027, 116 days from now; DDTM runs to Feb 28, 2027, 116 days. DDFM can still gain 2.8% before its cap, DDTM 4.1%. A fall from here reaches DDFM’s buffer after 6.4% and DDTM’s after 8.5%. Both track SPY, so what separates them is where each is in its own period.

Alert

About each fund

DDFM

SPY had already risen past this fund's cap of +9.8% 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 2.8% as the period runs out. The fund's price can fall 6.4% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 10.5% 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. 116 days remained on Nov 4, 2026. On Feb 28, 2027 the period ends and a new cap is set.

DDTM

From its price on Nov 4, 2026, the fund can gain about 4.1% more before it reaches its cap. The fund's price can fall 8.5% 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, DDFM or DDTM?: From their prices on Nov 4, 2026, DDFM can gain about 2.8% before its cap and DDTM about 4.1%, so DDTM has more room left this period.
Which resets first, DDFM or DDTM?: DDFM ends its outcome period on Feb 28, 2027 and DDTM on Feb 28, 2027. A new cap is set the day after each.
Which is cheaper, DDFM or DDTM?: DDFM and DDTM both charge 0.79% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

DDFM vs FFEB DDFM vs MART DDFM vs PMMR DDFM vs MARU DDTM vs FEBM DDTM vs MART DDTM vs GFEB DDTM vs DFEB

Where to next

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

Sources and dates

DDFM and DDTM filings on SEC EDGAR ↗

Innovator page for DDFM ↗

Innovator page for DDTM ↗

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, DDFM against DDTM, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/ddfm-vs-ddtm

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