Data as of Nov 4, 2026.
DDFZ vs GMAY: Cap, Buffer & Days Left
As of Nov 4, 2026 GMAY can fall 4.3% before its buffer engages and DDFZ 2.7%, and GMAY resets 10 days sooner.
askIQ about this page
askIQ about DDFZ and GMAY
Net assets: $145m on Nov 4, 2026 for Innovator Equity Dual Directional 15 Buffer ETF - Jun, and $366m on Nov 3, 2026 for FT Vest U.S. Equity Moderate Buffer ETF - May.
DDFZ: reference +1.3% since period start, fund +2.4%; buffer 0 to −15; cap +10.7%; Between buffer and cap. Data to Nov 4, 2026.
DDFZ: reference +1.3% since period start, fund +2.4%; buffer 0 to −15; cap +10.7%; Between buffer and cap. Data to Nov 4, 2026.GMAY: reference +3.7% since period start, fund +3.6%; buffer 0 to −15; cap +13.8%; Between buffer and cap. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
DDFZ costs 0.06 points a year less; GMAY is 2.5 times larger.
Points (pts) are percentage points.
| Measure | DDFZ | GMAY |
|---|---|---|
| Return | ||
| Total return, 1 year | not published | +8.8% |
| Drawdown | ||
| Index fall to the buffer | 1.3% | 3.6% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.79% | 0.85% |
| Net assets, as of Nov 3, 2026 | $144m | $366m |
| Holdings | ||
| Holdings in common | not published | |
Risk and return
Jun 12, 2026 to Oct 30, 2026 · 20 weekly returnsFrom Jun 2026 to Oct 2026, GMAY returned slightly more: +2.2% to +2.0%. DDFZ fell less at its worst: −1.1% to −1.4%.
Full scorecard
3 measures, with how each is measured Open ↓
| Measure | DDFZ | GMAY | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +2.0% | +2.2% | GMAY (slight) | Price change plus distributions, reinvested. |
| Price return | +2.0% | +2.2% | GMAY (slight) | Price change alone, distributions left out. |
| Risk | ||||
| Max drawdown | −1.1% | −1.4% | DDFZ | Deepest fall from a high to the low after it. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 20 weekly returns. Cash rate: the 13-week Treasury bill.
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | DDFZ | GMAY | DDFZ | GMAY |
| 3 months | +0.8% | +0.7% | +1.2 pts | +1.1 pts |
| 6 months | – | +3.6% | – | −0.9 pts |
| 1 year | – | +8.8% | – | −4.8 pts |
| 3 years | – | +41.2% | – | −35.2 pts |
| Since launchNot the same days: DDFZ Jun 2026 · GMAY May 2023 | +2.2% | +46.1% | +1.1 pts | −37.0 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. GMAY is a floor fund, which caps how far a holder can fall. DDFZ 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
GMAY resets first, on May 21, 2027, 198 days from now; DDFZ runs to May 31, 2027, 208 days. DDFZ can still gain 7.8% before its cap, GMAY 9.1%. A fall from here reaches DDFZ’s buffer after 2.7% and GMAY’s after 4.3%. Both track SPY, so what separates them is where each is in its own period.
No client brief for this pair: ETFIQ prints no one-year total return for DDFZ.
DDFZ
From its price on Nov 4, 2026, the fund can gain about 7.8% more before it reaches its cap. The fund's price can fall 2.7% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 1.3% 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. 208 days remained on Nov 4, 2026. On May 31, 2027 the period ends and a new cap is set.
GMAY
From its price on Nov 4, 2026, the fund can gain about 9.1% more before it reaches its cap. The fund's price can fall 4.3% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 3.6% from today's level to the point where the buffer begins. 198 days remained on Nov 4, 2026. On May 21, 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, DDFZ against GMAY, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/ddfz-vs-gmay
ETFIQ. (Nov 4, 2026). DDFZ against GMAY. Retrieved from https://etfiq.com/compare/buffer/ddfz-vs-gmay
[DDFZ against GMAY (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/ddfz-vs-gmay)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.