Data as of Nov 4, 2026.
DDFY vs FAPR: Cap, Buffer & Days Left
As of Nov 4, 2026 FAPR can fall 6.7% before its buffer engages and DDFY 4.8%, and FAPR resets 14 days sooner.
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Net assets: $77m on Nov 4, 2026 for Innovator Equity Dual Directional 15 Buffer ETF - May, and $1.3bn on Nov 3, 2026 for FT Vest U.S. Equity Buffer ETF - April.
DDFY: reference +6.7% since period start, fund +4.7%; buffer 0 to −15; cap +10.5%; Between buffer and cap. Data to Nov 4, 2026.
DDFY: reference +6.7% since period start, fund +4.7%; buffer 0 to −15; cap +10.5%; Between buffer and cap. Data to Nov 4, 2026.FAPR: reference +8.0% since period start, fund +6.3%; buffer 0 to −10; cap +15.2%; Between buffer and cap. Data to Nov 4, 2026.
FAPR: reference +8.0% since period start, fund +6.3%; buffer 0 to −10; cap +15.2%; Between buffer and cap. Data to Nov 4, 2026.Pair scorecard
DDFY costs 0.06 points a year less; FAPR is 17.1 times larger.
Points (pts) are percentage points.
| Measure | DDFY | FAPR |
|---|---|---|
| Return | ||
| Total return, 1 year | not published | +10.3% |
| Drawdown | ||
| Index fall to the buffer | 6.2% | 7.4% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.79% | 0.85% |
| Net assets, as of Nov 3, 2026 | $76m | $1.3bn |
| Holdings | ||
| Holdings in common | not published | |
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | DDFY | FAPR | DDFY | FAPR |
| 3 months | +1.5% | +1.1% | +1.9 pts | +1.5 pts |
| 6 months | +3.7% | +4.6% | −0.8 pts | +0.1 pts |
| 1 year | – | +10.3% | – | −3.3 pts |
| 3 years | – | +47.3% | – | −29.1 pts |
| Since launchNot the same days: DDFY May 2026 · FAPR Apr 2021 | +4.2% | +60.4% | −2.2 pts | −24.3 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. FAPR is a floor fund, which caps how far a holder can fall. DDFY 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
FAPR resets first, on Apr 16, 2027, 163 days from now; DDFY runs to Apr 30, 2027, 177 days. DDFY can still gain 5.2% before its cap, FAPR 7.5%. A fall from here reaches DDFY’s buffer after 4.8% and FAPR’s after 6.7%. Both track SPY, so what separates them is where each is in its own period.
DDFY
From its price on Nov 4, 2026, the fund can gain about 5.2% more before it reaches its cap. The fund's price can fall 4.8% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 6.2% 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. 177 days remained on Nov 4, 2026. On Apr 30, 2027 the period ends and a new cap is set.
FAPR
From its price on Nov 4, 2026, the fund can gain about 7.5% more before it reaches its cap. The fund's price can fall 6.7% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 7.4% 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. 163 days remained on Nov 4, 2026. On Apr 16, 2027 the period ends and a new cap is set.
Questions people ask
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, DDFY against FAPR, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/ddfy-vs-fapr
ETFIQ. (Nov 4, 2026). DDFY against FAPR. Retrieved from https://etfiq.com/compare/buffer/ddfy-vs-fapr
[DDFY against FAPR (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/ddfy-vs-fapr)
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