Data as of .
DDTF vs DJAN: which one stands where?
As of Sep 19, 2026 DJAN can fall 11.6% before its buffer engages and DDTF 7.5%, and DJAN resets 16 days sooner.
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, 119 days from now; DDTF runs to Jan 31, 2027, 135 days. DDTF can still gain 4.8% before its cap, DJAN 4.0%. A fall from here reaches DDTF’s buffer after 7.5% and DJAN’s after 11.6%. Both track SPY, so what separates them is where each is in its own period.
Every figure is ETFIQ’s own, from the issuer’s published outcome-period terms. A buffer ETF holds FLEX options on its reference index rather than shares, so there is no holdings overlap between two of them to report.
Performance, window by window
| Window | Total return | Gap to the reference | ||
|---|---|---|---|---|
| DDTF | DJAN | DDTF | DJAN | |
| 3 months | +2.3% | +2.2% | 0.0 pts | −0.1 pts |
| 6 months | +11.2% | +9.7% | −6.8 pts | −8.4 pts |
| 1 year | not published | +10.7% | not published | −5.8 pts |
| 3 years | not published | +40.8% | not published | −37.6 pts |
| 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 | 135 | 119 |
| Starting cap | +13.2% | +11.6% |
| Can still gain | 4.8% | 4.0% |
| Fall before buffer | 7.5% | 11.6% |
| Protection left, index points | 10.0% of 10.0% | 25.0% of 25.0% |
| Index return this period | +10.1% | +10.1% |
| Fund return this period | +7.6% | +6.5% |
| State today | Open | Open |
| Expense ratio | 0.79% | 0.85% |
| Net assets | $18m | $481m |
DDTF in plain words
From its price on Sep 19, 2026, the fund can gain about 4.8% more before it reaches its cap. The fund's price can fall 7.5% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 9.1% 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. 135 days remained on Sep 19, 2026. On Jan 31, 2027 the period ends and a new cap is set.
DJAN in plain words
From its price on Sep 19, 2026, the fund can gain about 4.0% more before it reaches its cap. The fund's price can fall 11.6% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 13.7% 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. 119 days remained on Sep 19, 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 Sep 19, 2026, DDTF can gain about 4.8% before its cap and DJAN about 4.0%, 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
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, DDTF against DJAN, data as of Sep 19, 2026. https://etfiq.com/compare/buffer/ddtf-vs-djan Free to use with attribution; the underlying files are at Open data.