Data as of Nov 4, 2026.
DDFN vs NVBW: Cap, Buffer & Days Left
As of Nov 4, 2026 NVBW can fall 1.4% before its buffer engages and DDFN 0.9%.
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Net assets: $74m on Nov 4, 2026 for Innovator Equity Dual Directional 15 Buffer ETF - Nov, and $101m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer20 ETF - Nov.
DDFN: reference +1.4% since period start, fund +0.9%; buffer 0 to −15; cap +11.1%; Between buffer and cap. Data to Nov 4, 2026.
DDFN: reference +1.4% since period start, fund +0.9%; buffer 0 to −15; cap +11.1%; Between buffer and cap. Data to Nov 4, 2026.NVBW: reference +1.5% since period start, fund +0.7%; buffer 0 to −20; cap +12.7%; Between buffer and cap. Data to Nov 4, 2026.
NVBW: reference +1.5% since period start, fund +0.7%; buffer 0 to −20; cap +12.7%; Between buffer and cap. Data to Nov 4, 2026.Pair scorecard
NVBW costs 0.05 points a year less; their one-year returns differ by 1.0 point; NVBW is 1.5 times larger.
Points (pts) are percentage points.
| Measure | DDFN | NVBW |
|---|---|---|
| Return | ||
| Total return, 1 year | +10.2% | +11.2% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.79% | 0.74% |
| Net assets, as of Nov 3, 2026 | $68m | $101m |
| Holdings | ||
| Holdings in common | not published | |
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | DDFN | NVBW | DDFN | NVBW |
| 3 months | +2.7% | +2.7% | +3.1 pts | +3.1 pts |
| 6 months | +5.4% | +5.8% | +0.9 pts | +1.3 pts |
| 1 year | +10.2% | +11.2% | −3.3 pts | −2.4 pts |
| 3 years | – | +35.7% | – | −40.7 pts |
| Since launchNot the same days: DDFN Nov 2025 · NVBW Nov 2022 | +9.7% | +48.2% | −2.5 pts | −51.2 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. NVBW is a floor fund, which caps how far a holder can fall. DDFN 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
DDFN resets first, on Oct 31, 2027, 361 days from now; NVBW runs to Oct 31, 2027, 361 days. DDFN can still gain 10.1% before its cap, NVBW 11.2%. A fall from here reaches DDFN’s buffer after 0.9% and NVBW’s after 1.4%. Both track SPY, so what separates them is where each is in its own period.
DDFN
From its price on Nov 4, 2026, the fund can gain about 10.1% more before it reaches its cap. The fund's price can fall 0.9% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 1.4% 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. 361 days remained on Nov 4, 2026. On Oct 31, 2027 the period ends and a new cap is set.
NVBW
From its price on Nov 4, 2026, the fund can gain about 11.2% more before it reaches its cap. The fund's price can fall 1.4% from here before the buffer starts absorbing losses, by the issuer's number. Protection left, in index points: 20.0% of the 20.0% buffer still sits below today's SPY level.
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, DDFN against NVBW, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/ddfn-vs-nvbw
ETFIQ. (Nov 4, 2026). DDFN against NVBW. Retrieved from https://etfiq.com/compare/buffer/ddfn-vs-nvbw
[DDFN against NVBW (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/ddfn-vs-nvbw)
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