Data as of Nov 4, 2026.

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Buffer ETFs

DDSQ vs QBSV: Cap, Buffer & Days Left

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

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Net assets: $114m on Nov 4, 2026 for Innovator Equity Dual Directional 5 Buffer ETF - Quarterly, and $28m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer5 ETF - Jan.

At a glance
0.9%
DDSQ can fall this far before its buffer
0.9%
QBSV can fall this far before its buffer
2.6%
DDSQ can still gain
4.2%
QBSV can still gain
DDSQ Between buffer and cap
Between buffer and capDDSQ: reference +0.5% since period start, fund +0.8%; buffer 0 to −5; cap +3.5%; Between buffer and cap. Data to Nov 4, 2026.5 pts of buffer+3% to cap−5.0% floor0% period start+3.5% cap+0.5% gain capturedTODAY · SPY +0.5%Between buffer and capDDSQ: reference +0.5% since period start, fund +0.8%; buffer 0 to −5; cap +3.5%; Between buffer and cap. Data to Nov 4, 2026.5 pts−5.0% floor0% start+3.5% cap+0.5% gain captured+3% more to the capTODAY · SPY +0.5%

DDSQ: reference +0.5% since period start, fund +0.8%; buffer 0 to −5; cap +3.5%; Between buffer and cap. Data to Nov 4, 2026.

DDSQ: reference +0.5% since period start, fund +0.8%; buffer 0 to −5; cap +3.5%; Between buffer and cap. Data to Nov 4, 2026.
QBSV Between buffer and cap
Between buffer and capQBSV: reference +0.5% since period start, fund +0.7%; buffer 0 to −5; cap +5.1%; Between buffer and cap. Data to Nov 4, 2026.5 pts of buffer+4.6% more to the cap−5.0% floor0% period start+5.1% cap+0.5% gain capturedTODAY · SPY +0.5%Between buffer and capQBSV: reference +0.5% since period start, fund +0.7%; buffer 0 to −5; cap +5.1%; Between buffer and cap. Data to Nov 4, 2026.5 pts−5.0% floor0% start+5.1% cap+0.5% gain captured+4.6% more to the capTODAY · SPY +0.5%

QBSV: reference +0.5% since period start, fund +0.7%; buffer 0 to −5; cap +5.1%; Between buffer and cap. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

QBSV costs 0.15 points a year less; DDSQ is 4.0 times larger.

Points (pts) are percentage points.

DDSQ vs QBSV: Cap, Buffer & Days Left
MeasureDDSQQBSV
Drawdown
Index fall to the buffer0.5%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.79%0.64%
Net assets, as of Nov 3, 2026$113m$28m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: DDSQ vs QBSV: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowDDSQQBSVDDSQQBSV
3 months+1.0%+0.5%+1.4 pts+0.9 pts
6 months+4.0%+3.9%−0.5 pts−0.6 pts
Since launchNot the same days: DDSQ Jan 2026 · QBSV Apr 2026+12.9%+8.6%+0.7 pts−8.5 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

DDSQ Innovator Equity Dual Directional 5 Buffer ETF - Quarterly · Absorbs the first 5% of loss on SPY and caps the gain at 3.5%, over a period ending Dec 31, 2026 QBSV AllianzIM U.S. Equity Buffer5 ETF - Jan · Absorbs the first 5% of loss on SPY and caps the gain at 5.1%, over a period ending Dec 31, 2026
Reference index SPY SPY
Buffer 5% 5%
Outcome period Sep 30, 2026 to Dec 31, 2026 Oct 1, 2026 to Dec 31, 2026
Days left 57 57
Starting cap +3.5% +5.1%
Can still gain 2.6% 4.2%
Fall before buffer 0.9% 0.9%
Protection left, index points 5.0% of 5.0% 5.0% of 5.0%
Index return this period +0.5% +0.5%
Fund return this period +0.8% +0.7%
State today Open Open
Expense ratio 0.79% 0.64%
Net assets, DDSQ as of Nov 4, 2026 and QBSV as of Nov 3, 2026 $114m $28m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. QBSV is a floor fund, which caps how far a holder can fall. DDSQ 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

DDSQ resets first, on Dec 31, 2026, 57 days from now; QBSV runs to Dec 31, 2026, 57 days. DDSQ can still gain 2.6% before its cap, QBSV 4.2%. A fall from here reaches DDSQ’s buffer after 0.9% and QBSV’s after 0.9%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
DDSQ

From its price on Nov 4, 2026, the fund can gain about 2.6% 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 0.5% from today's level to the point where the buffer begins. Protection left, in index points: 5.0% of the 5.0% buffer still sits below today's SPY level. 57 days remained on Nov 4, 2026. On Dec 31, 2026 the period ends and a new cap is set.

QBSV

From its price on Nov 4, 2026, the fund can gain about 4.2% more before it reaches its cap.

Questions people ask

Which has more room to gain, DDSQ or QBSV?
From their prices on Nov 4, 2026, DDSQ can gain about 2.6% before its cap and QBSV about 4.2%, so QBSV has more room left this period.
Which resets first, DDSQ or QBSV?
DDSQ ends its outcome period on Dec 31, 2026 and QBSV on Dec 31, 2026. A new cap is set the day after each.
Which is cheaper, DDSQ or QBSV?
DDSQ charges 0.79% a year and QBSV charges 0.64%, so QBSV is cheaper. Fees come from each fund's prospectus.
Other comparisons
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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, DDSQ against QBSV, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/ddsq-vs-qbsv

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