Data as of Nov 4, 2026.

vsOpen in the appCompare their flowsaskIQ about these two fundsAsk the committee about these two funds
Buffer ETFs

DDFM vs SIXP: Cap, Buffer & Days Left

Share
Share on XDownload as PDF

As of Nov 4, 2026 DDFM can fall 6.4% before its buffer engages and SIXP 1.1%.

askIQ about this page

askIQ about DDFM and SIXP

Net assets: $43m on Nov 4, 2026 for Innovator Equity Dual Directional 15 Buffer ETF - Mar, and $215m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer10 ETF - Mar.

At a glance
6.4%
DDFM can fall this far before its buffer
1.1%
SIXP can fall this far before its buffer
2.8%
DDFM can still gain
6.4%
SIXP can still gain
DDFM At its cap
At its capDDFM: reference +11.7% since period start, fund +6.2%; buffer 0 to −15; cap +9.8%; At its cap. Data to Nov 4, 2026.15 pts of buffer+9.8% gain captured−15.0% floor0% period start+9.8% capTODAY · SPY +11.7%At its capDDFM: reference +11.7% since period start, fund +6.2%; buffer 0 to −15; cap +9.8%; At its cap. Data to Nov 4, 2026.15 pts of buffer+9.8%−15.0% floor0% start+9.8% capTODAY · SPY +11.7%

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.

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.
SIXP Buffer working
Buffer workingSIXP: reference 0.0% since period start, fund +0.8%; buffer 0 to −10; cap +7.6%; Buffer working. Data to Nov 4, 2026.10 of 10 pts of buffer left+7.6% more to the cap−10.0% floor0% period start+7.6% capTODAY · SPY 0.0%Buffer workingSIXP: reference 0.0% since period start, fund +0.8%; buffer 0 to −10; cap +7.6%; Buffer working. Data to Nov 4, 2026.10 pts−10.0% floor0% start+7.6% cap+7.6% more to the capTODAY · SPY 0.0%

SIXP: reference 0.0% since period start, fund +0.8%; buffer 0 to −10; cap +7.6%; Buffer working. Data to Nov 4, 2026.

SIXP: reference 0.0% since period start, fund +0.8%; buffer 0 to −10; cap +7.6%; Buffer working. Data to Nov 4, 2026.

Pair scorecard

SIXP costs 0.05 points a year less; SIXP is 5.0 times larger.

Points (pts) are percentage points.

DDFM vs SIXP: Cap, Buffer & Days Left
MeasureDDFMSIXP
Return
Total return, 1 yearnot published+11.9%
Drawdown
Index fall to the buffer10.5%0.0%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.79%0.74%
Net assets, as of Nov 3, 2026$43m$215m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: DDFM vs SIXP: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowDDFMSIXPDDFMSIXP
3 months+1.3%+1.2%+1.7 pts+1.6 pts
6 months+3.6%+4.4%−0.9 pts−0.1 pts
1 year–+11.9%–−1.7 pts
Since launchNot the same days: DDFM Mar 2026 · SIXP Mar 2024+6.0%+37.9%−5.7 pts−11.6 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

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 SIXP AllianzIM U.S. Equity Buffer10 ETF - Mar · Absorbs the first 10% of loss on SPY and caps the gain at 7.6%, over a period ending Feb 28, 2027
Reference index SPY SPY
Buffer 15% 10%
Outcome period Feb 28, 2026 to Feb 28, 2027 Sep 1, 2026 to Feb 28, 2027
Days left 116 116
Starting cap +9.8% +7.6%
Can still gain 2.8% 6.4%
Fall before buffer 6.4% 1.1%
Protection left, index points 15.0% of 15.0% 10.0% of 10.0%
Index return this period +11.7% 0.0%
Fund return this period +6.2% +0.8%
State today At cap Buffer working
Expense ratio 0.79% 0.74%
Net assets, DDFM as of Nov 4, 2026 and SIXP as of Nov 3, 2026 $43m $215m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. SIXP is a floor fund, which caps how far a holder can fall. DDFM is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.

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

Where each one stands today

DDFM resets first, on Feb 28, 2027, 116 days from now; SIXP runs to Feb 28, 2027, 116 days. DDFM can still gain 2.8% before its cap, SIXP 6.4%. A fall from here reaches DDFM’s buffer after 6.4% and SIXP’s after 1.1%. Both track SPY, so what separates them is where each is in its own period.

Alert

DDFM flows, by email on Sundays.

One-click unsubscribe. See Privacy.

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.

SIXP

From its price on Nov 4, 2026, the fund can gain about 6.4% more before it reaches its cap. The fund's price can fall 1.1% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 0.0% 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, DDFM or SIXP?
From their prices on Nov 4, 2026, DDFM can gain about 2.8% before its cap and SIXP about 6.4%, so SIXP has more room left this period.
Which resets first, DDFM or SIXP?
DDFM ends its outcome period on Feb 28, 2027 and SIXP on Feb 28, 2027. A new cap is set the day after each.
Which is cheaper, DDFM or SIXP?
DDFM charges 0.79% a year and SIXP charges 0.74%, so SIXP is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where to next
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.

Cite this pageCitation, APA and Markdown

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

Open data →

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