Data as of Nov 4, 2026.

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Buffer ETFs

DDFO vs DDTO: Cap, Buffer & Days Left

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As of Nov 4, 2026 DDFO can fall 0.7% before its buffer engages and DDTO 0.7%.

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Net assets on Nov 4, 2026: $176m for Innovator Equity Dual Directional 15 Buffer ETF - Oct and $38m for Innovator Equity Dual Directional 10 Buffer ETF - Oct.

At a glance
0.7%
DDFO can fall this far before its buffer
0.7%
DDTO can fall this far before its buffer
9.9%
DDFO can still gain
14.1%
DDTO can still gain
DDFO Between buffer and cap
Between buffer and capDDFO: reference +0.5% since period start, fund +0.6%; buffer 0 to −15; cap +10.7%; Between buffer and cap. Data to Nov 4, 2026.15 pts of buffer+10.2% more to the cap−15.0% floor0% period start+10.7% cap+0.5% gain capturedTODAY · SPY +0.5%Between buffer and capDDFO: reference +0.5% since period start, fund +0.6%; buffer 0 to −15; cap +10.7%; Between buffer and cap. Data to Nov 4, 2026.15 pts−15.0% floor0% start+10.7% cap+0.5% gain captured+10.2% more to the capTODAY · SPY +0.5%

DDFO: reference +0.5% since period start, fund +0.6%; buffer 0 to −15; cap +10.7%; Between buffer and cap. Data to Nov 4, 2026.

DDFO: reference +0.5% since period start, fund +0.6%; buffer 0 to −15; cap +10.7%; Between buffer and cap. Data to Nov 4, 2026.
DDTO Between buffer and cap
Between buffer and capDDTO: reference +0.5% since period start, fund +0.6%; buffer 0 to −10; cap +14.8%; Between buffer and cap. Data to Nov 4, 2026.10 pts of buffer+14.3% more to the cap−10.0% floor0% period start+14.8% cap+0.5% gain capturedTODAY · SPY +0.5%Between buffer and capDDTO: reference +0.5% since period start, fund +0.6%; buffer 0 to −10; cap +14.8%; Between buffer and cap. Data to Nov 4, 2026.10 pts+14.3% to cap−10.0% floor0% start+14.8% cap+0.5% gain capturedTODAY · SPY +0.5%

DDTO: reference +0.5% since period start, fund +0.6%; buffer 0 to −10; cap +14.8%; Between buffer and cap. Data to Nov 4, 2026.

DDTO: reference +0.5% since period start, fund +0.6%; buffer 0 to −10; cap +14.8%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

Both cost 0.79% a year; their one-year returns differ by 3.8 points; DDFO is 4.6 times larger.

Points (pts) are percentage points.

DDFO vs DDTO: Cap, Buffer & Days Left
MeasureDDFODDTO
Return
Total return, 1 year+8.2%+12.0%
Drawdown
Index fall to the buffer0.5%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.79%0.79%
Net assets$176m$38m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: DDFO vs DDTO: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowDDFODDTODDFODDTO
3 months+1.5%+2.0%+1.9 pts+2.4 pts
6 months+3.5%+5.3%−1.0 pts+0.8 pts
1 year+8.2%+12.0%−5.4 pts−1.6 pts
Since launchDDFO Oct 2025 · DDTO Oct 2025+8.5%+12.0%−6.2 pts−2.7 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

DDFO Innovator Equity Dual Directional 15 Buffer ETF - Oct · Absorbs the first 15% of loss on SPY and caps the gain at 10.7%, over a period ending Sep 30, 2027 DDTO Innovator Equity Dual Directional 10 Buffer ETF - Oct · Absorbs the first 10% of loss on SPY and caps the gain at 14.8%, over a period ending Sep 30, 2027
Reference index SPY SPY
Buffer 15% 10%
Outcome period Sep 30, 2026 to Sep 30, 2027 Sep 30, 2026 to Sep 30, 2027
Days left 330 330
Starting cap +10.7% +14.8%
Can still gain 9.9% 14.1%
Fall before buffer 0.7% 0.7%
Protection left, index points 15.0% of 15.0% 10.0% of 10.0%
Index return this period +0.5% +0.5%
Fund return this period +0.6% +0.6%
State today Open Open
Expense ratio 0.79% 0.79%
Net assets $176m $38m

As of Nov 4, 2026. Source: ETFIQ.

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

Where each one stands today

DDFO resets first, on Sep 30, 2027, 330 days from now; DDTO runs to Sep 30, 2027, 330 days. DDFO can still gain 9.9% before its cap, DDTO 14.1%. A fall from here reaches DDFO’s buffer after 0.7% and DDTO’s after 0.7%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
DDFO

From its price on Nov 4, 2026, the fund can gain about 9.9% more before it reaches its cap. The fund's price can fall 0.7% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 0.5% 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. 330 days remained on Nov 4, 2026. On Sep 30, 2027 the period ends and a new cap is set.

DDTO

From its price on Nov 4, 2026, the fund can gain about 14.1% more before it reaches its cap. 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, DDFO or DDTO?
From their prices on Nov 4, 2026, DDFO can gain about 9.9% before its cap and DDTO about 14.1%, so DDTO has more room left this period.
Which resets first, DDFO or DDTO?
DDFO ends its outcome period on Sep 30, 2027 and DDTO on Sep 30, 2027. A new cap is set the day after each.
Which is cheaper, DDFO or DDTO?
DDFO and DDTO both charge 0.79% a year, so neither is cheaper. Fees come from each fund's prospectus.
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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.

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ETFIQ, DDFO against DDTO, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/ddfo-vs-ddto

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