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Data as of Nov 4, 2026.

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Buffer ETFs

DDTF vs DJAN: Cap, Buffer & Days Left

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As of Nov 4, 2026 DJAN can fall 12.5% before its buffer engages and DDTF 8.5%, and DJAN resets 16 days sooner.

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Net assets: $18m on Nov 4, 2026 for Innovator Equity Dual Directional 10 Buffer ETF - Feb, and $459m on Nov 3, 2026 for FT Vest U.S. Equity Deep Buffer ETF - January.

DDTF on its own →DJAN on its own →
At a glance
8.5%
DDTF can fall this far before its buffer
12.5%
DJAN can fall this far before its buffer
3.7%
DDTF can still gain
2.9%
DJAN can still gain
DDTF Between buffer and cap
Between buffer and capDDTF: reference +10.8% since period start, fund +8.6%; buffer 0 to −10; cap +13.2%; Between buffer and cap. Data to Nov 4, 2026.10 pts of buffer+10.8% gain captured−10.0% floor0% period start+13.2% cap+2.5% more to the capTODAY · SPY +10.8%Between buffer and capDDTF: reference +10.8% since period start, fund +8.6%; buffer 0 to −10; cap +13.2%; Between buffer and cap. Data to Nov 4, 2026.10 pts+10.8%−10.0% floor0% start+13.2% cap+2.5% more to the capTODAY · SPY +10.8%

DDTF: reference +10.8% since period start, fund +8.6%; buffer 0 to −10; cap +13.2%; Between buffer and cap. Data to Nov 4, 2026.

DDTF: reference +10.8% since period start, fund +8.6%; buffer 0 to −10; cap +13.2%; Between buffer and cap. Data to Nov 4, 2026.
DJAN Between buffer and cap
Between buffer and capDJAN: reference +10.8% since period start, fund +7.7%; buffer −5 to −30; cap +11.6%; Between buffer and cap. Data to Nov 4, 2026.25 pts of buffer+10.8% gain captured−30.0% floor−5.0% buffer start0% period start+11.6% capfirst 5 pts are yours to lose+0.8% more to the capTODAY · SPY +10.8%Between buffer and capDJAN: reference +10.8% since period start, fund +7.7%; buffer −5 to −30; cap +11.6%; Between buffer and cap. Data to Nov 4, 2026.25 pts of buffer+10.8%−30.0% floor−5.0% buffer start0% start+11.6% capfirst 5 pts are yours to lose+0.8% more to the capTODAY · SPY +10.8%

DJAN: reference +10.8% since period start, fund +7.7%; buffer −5 to −30; cap +11.6%; Between buffer and cap. Data to Nov 4, 2026.

DJAN: reference +10.8% since period start, fund +7.7%; buffer −5 to −30; cap +11.6%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

DDTF costs 0.06 points a year less; DJAN is far larger, $459m against $18m.

Points (pts) are percentage points.

DDTF vs DJAN: Cap, Buffer & Days Left
MeasureDDTFDJAN
Return
Total return, 1 yearnot published+10.8%
Drawdown
Index fall to the buffer9.7%14.3%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.79%0.85%
Net assets, as of Nov 3, 2026$18m$459m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: DDTF vs DJAN: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowDDTFDJANDDTFDJAN
3 months+1.4%+1.5%+1.8 pts+1.9 pts
6 months+4.7%+4.4%+0.2 pts−0.1 pts
1 year–+10.8%–−2.8 pts
3 years–+42.7%–−33.7 pts
Since launchNot the same days: DDTF Feb 2026 · DJAN Jan 2021+7.9%+55.6%−2.3 pts−46.9 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

DDTF Innovator Equity Dual Directional 10 Buffer ETF - Feb · Absorbs the first 10% of loss on SPY and caps the gain at 13.2%, over a period ending Jan 31, 2027 DJAN FT Vest U.S. Equity Deep Buffer ETF - January · Absorbs losses from 5.0% to 30.0% on SPY and caps the gain at 11.6%, over a period ending Jan 15, 2027
Issuer Innovator First Trust
Reference index SPY SPY
Buffer 10% 5% to 30%
Outcome period Jan 31, 2026 to Jan 31, 2027 Jan 20, 2026 to Jan 15, 2027
Days left 88 72
Starting cap +13.2% +11.6%
Can still gain 3.7% 2.9%
Fall before buffer 8.5% 12.5%
Protection left, index points 10.0% of 10.0% 25.0% of 25.0%
Index return this period +10.8% +10.8%
Fund return this period +8.6% +7.7%
State today Open Open
Expense ratio 0.79% 0.85%
Net assets, DDTF as of Nov 4, 2026 and DJAN as of Nov 3, 2026 $18m $459m

As of Nov 4, 2026. Source: ETFIQ.

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

DJAN resets first, on Jan 15, 2027, 72 days from now; DDTF runs to Jan 31, 2027, 88 days. DDTF can still gain 3.7% before its cap, DJAN 2.9%. A fall from here reaches DDTF’s buffer after 8.5% and DJAN’s after 12.5%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
DDTF

From its price on Nov 4, 2026, the fund can gain about 3.7% more before it reaches its cap. The fund's price can fall 8.5% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 9.7% 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. 88 days remained on Nov 4, 2026. On Jan 31, 2027 the period ends and a new cap is set.

DJAN

From its price on Nov 4, 2026, the fund can gain about 2.9% more before it reaches its cap. The fund's price can fall 12.5% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 14.3% from today's level to the point where the buffer begins. Protection left, in index points: 25.0% of the 25.0% buffer still sits below today's SPY level. 72 days remained on Nov 4, 2026. On Jan 15, 2027 the period ends and a new cap is set.

Questions people ask

Which has more room to gain, DDTF or DJAN?
From their prices on Nov 4, 2026, DDTF can gain about 3.7% before its cap and DJAN about 2.9%, so DDTF has more room left this period.
Which resets first, DDTF or DJAN?
DDTF ends its outcome period on Jan 31, 2027 and DJAN on Jan 15, 2027. A new cap is set the day after each.
Which is cheaper, DDTF or DJAN?
DDTF charges 0.79% a year and DJAN charges 0.85%, so DDTF is cheaper. Fees come from each fund's prospectus.
Other comparisons
DDTF vs GJANDDTF vs PFEBDDTF vs FEBWDDTF vs UFEBDJAN vs FJANDJAN vs FEBPDJAN vs JANMDJAN vs PBFB
Where to next
SPY →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →DDTF on its own →DJAN on its own →Method →Standards and sources →
Sources and dates
DDTF filings on SEC EDGAR ↗
Innovator page for DDTF ↗
DJAN filings on SEC EDGAR ↗
First Trust page for DJAN ↗

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, DDTF against DJAN, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/ddtf-vs-djan

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