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Data as of Nov 4, 2026.

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Buffer ETFs

DDFN vs PMNV: Cap, Buffer & Days Left

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As of Nov 4, 2026 DDFN can fall 0.9% before its buffer engages and PMNV 0.9%.

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Net assets on Nov 4, 2026: $74m for Innovator Equity Dual Directional 15 Buffer ETF - Nov and $5.6m for PGIM S&P 500 Max Buffer ETF - November.

DDFN on its own →PMNV on its own →
At a glance
0.9%
DDFN can fall this far before its buffer
0.9%
PMNV can fall this far before its buffer
10.1%
DDFN can still gain
7.4%
PMNV can still gain
DDFN Between buffer and cap
Between buffer and capDDFN: reference +1.4% since period start, fund +0.9%; buffer 0 to −15; cap +11.1%; Between buffer and cap. Data to Nov 4, 2026.15 pts of buffer+9.7% to cap−15.0% floor0% period start+11.1% cap+1.4% gain capturedTODAY · SPY +1.4%Between buffer and capDDFN: reference +1.4% since period start, fund +0.9%; buffer 0 to −15; cap +11.1%; Between buffer and cap. Data to Nov 4, 2026.15 pts−15.0% floor0% start+11.1% cap+1.4% gain captured+9.7% more to the capTODAY · SPY +1.4%

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.
PMNV Full floor
Full floorPMNV: reference +1.5% since period start, fund +0.4%; buffer Floor; cap +8.3%; Full floor. Data to Nov 4, 2026.full floor beneathfull floor0% period start+8.3% cap+1.5% gain captured+6.8% more to the capTODAY · SPY +1.5%Full floorPMNV: reference +1.5% since period start, fund +0.4%; buffer Floor; cap +8.3%; Full floor. Data to Nov 4, 2026.full floor beneathfull floor0% start+8.3% cap+1.5% gain captured+6.8% more to the capTODAY · SPY +1.5%

PMNV: reference +1.5% since period start, fund +0.4%; buffer Floor; cap +8.3%; Full floor. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

PMNV costs 0.29 points a year less; their one-year returns differ by 3.3 points; DDFN is 13.2 times larger.

Points (pts) are percentage points.

DDFN vs PMNV: Cap, Buffer & Days Left
MeasureDDFNPMNV
Return
Total return, 1 year+10.2%+6.9%
Drawdown
Index fall to the buffer1.4%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.79%0.50%
Net assets$74m$5.6m
Holdings
Holdings in commonnot published

Method

Risk and return

Nov 14, 2025 to Oct 30, 2026 · 50 weekly returns
DDFN PMNV
Return
Total return edge DDFN +9.4% +6.6%
Price return edge DDFN +9.4% +6.6%
Risk
Max drawdown edge PMNV −2.9% −1.4%
Reading

From Nov 2025 to Oct 2026, DDFN returned more: +9.4% to +6.6%. PMNV fell less at its worst: −1.4% to −2.9%.

Full scorecard

3 measures, with how each is measured Open ↓
Risk and return: DDFN vs PMNV: Cap, Buffer & Days Left
MeasureDDFNPMNVEdgeHow it is measured
Return
Total return+9.4%+6.6%DDFNPrice change plus distributions, reinvested.
Price return+9.4%+6.6%DDFNPrice change alone, distributions left out.
Risk
Max drawdown−2.9%−1.4%PMNVDeepest fall from a high to the low after it.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 50 weekly returns. Cash rate: the 13-week Treasury bill.

Window by window

Window by window: DDFN vs PMNV: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowDDFNPMNVDDFNPMNV
3 months+2.7%+1.9%+3.1 pts+2.3 pts
6 months+5.4%+3.8%+0.9 pts−0.7 pts
1 year+10.2%+6.9%−3.3 pts−6.6 pts
Since launchDDFN Nov 2025 · PMNV Nov 2025+9.7%+6.8%−2.5 pts−5.4 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

DDFN Innovator Equity Dual Directional 15 Buffer ETF - Nov · Absorbs the first 15% of loss on SPY and caps the gain at 11.1%, over a period ending Oct 31, 2027 PMNV PGIM S&P 500 Max Buffer ETF - November · Absorbs the whole loss on SPY and caps the gain at 8.3%, over a period ending Oct 31, 2027
Issuer Innovator PGIM
Reference index SPY SPY
Buffer 15% 100%
Outcome period Oct 31, 2026 to Oct 31, 2027 Nov 1, 2026 to Oct 31, 2027
Days left 361 361
Starting cap +11.1% +8.3%
Can still gain 10.1% 7.4%
Fall before buffer 0.9% 0.9%
Protection left, index points 15.0% of 15.0% 100.0% of 100.0%
Index return this period +1.4% +1.5%
Fund return this period +0.9% +0.4%
State today Open Open
Expense ratio 0.79% 0.50%
Net assets $74m $5.6m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. PMNV 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; PMNV runs to Oct 31, 2027, 361 days. DDFN can still gain 10.1% before its cap, PMNV 7.4%. A fall from here reaches DDFN’s buffer after 0.9% and PMNV’s after 0.9%. Both track SPY, so what separates them is where each is in its own period.

Client brief:

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About each fund
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.

PMNV

From its price on Nov 4, 2026, the fund can gain about 7.4% more before it reaches its cap. Protection left, in index points: 100.0% of the 100.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, DDFN or PMNV?
From their prices on Nov 4, 2026, DDFN can gain about 10.1% before its cap and PMNV about 7.4%, so DDFN has more room left this period.
Which resets first, DDFN or PMNV?
DDFN ends its outcome period on Oct 31, 2027 and PMNV on Oct 31, 2027. A new cap is set the day after each.
Which is cheaper, DDFN or PMNV?
DDFN charges 0.79% a year and PMNV charges 0.50%, so PMNV is cheaper. Fees come from each fund's prospectus.
Other comparisons
DDFN vs SIXZDDFN vs DHDGDDFN vs NVBWDDFN vs UNOVPMNV vs DHDGPMNV vs UNOVPMNV vs NOVPPMNV vs XOCT
Where to next
SPY →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →DDFN on its own →PMNV on its own →PMNV dividend history →Method →Standards and sources →
Sources and dates
DDFN filings on SEC EDGAR ↗
Innovator page for DDFN ↗
PMNV filings on SEC EDGAR ↗
PGIM website ↗

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, DDFN against PMNV, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/ddfn-vs-pmnv

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