Data as of Nov 4, 2026.

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Buffer ETFs

DDTF vs FJAN: Cap, Buffer & Days Left

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As of Nov 4, 2026 FJAN can fall 9.1% before its buffer engages and DDTF 8.5%, and FJAN 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 $1.5bn on Nov 3, 2026 for FT Vest U.S. Equity Buffer ETF - January.

At a glance
8.5%
DDTF can fall this far before its buffer
9.1%
FJAN can fall this far before its buffer
3.7%
DDTF can still gain
4.3%
FJAN 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.
FJAN Between buffer and cap
Between buffer and capFJAN: reference +10.8% since period start, fund +9.1%; buffer 0 to −10; cap +14.5%; Between buffer and cap. Data to Nov 4, 2026.10 pts of buffer+10.8% gain captured−10.0% floor0% period start+14.5% cap+3.7% more to the capTODAY · SPY +10.8%Between buffer and capFJAN: reference +10.8% since period start, fund +9.1%; buffer 0 to −10; cap +14.5%; Between buffer and cap. Data to Nov 4, 2026.10 pts+10.8%−10.0% floor0% start+14.5% cap+3.7% more to the capTODAY · SPY +10.8%

FJAN: reference +10.8% since period start, fund +9.1%; buffer 0 to −10; cap +14.5%; Between buffer and cap. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

DDTF costs 0.06 points a year less; FJAN is far larger, $1.5bn against $18m.

Points (pts) are percentage points.

DDTF vs FJAN: Cap, Buffer & Days Left
MeasureDDTFFJAN
Return
Total return, 1 yearnot published+12.9%
Drawdown
Index fall to the buffer9.7%9.8%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.79%0.85%
Net assets, as of Nov 3, 2026$18m$1.5bn
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: DDTF vs FJAN: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowDDTFFJANDDTFFJAN
3 months+1.4%+1.3%+1.8 pts+1.7 pts
6 months+4.7%+4.9%+0.2 pts+0.4 pts
1 year–+12.9%–−0.7 pts
3 years–+54.1%–−22.3 pts
Since launchNot the same days: DDTF Feb 2026 · FJAN Jan 2021+7.9%+88.2%−2.3 pts−14.3 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

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 FJAN FT Vest U.S. Equity Buffer ETF - January · Absorbs the first 10% of loss on SPY and caps the gain at 14.5%, over a period ending Jan 15, 2027
Reference index SPY SPY
Buffer 10% 10%
Outcome period Jan 31, 2026 to Jan 31, 2027 Jan 20, 2026 to Jan 15, 2027
Days left 88 72
Starting cap +13.2% +14.5%
Can still gain 3.7% 4.3%
Fall before buffer 8.5% 9.1%
Protection left, index points 10.0% of 10.0% 10.0% of 10.0%
Index return this period +10.8% +10.8%
Fund return this period +8.6% +9.1%
State today Open Open
Expense ratio 0.79% 0.85%
Net assets, DDTF as of Nov 4, 2026 and FJAN as of Nov 3, 2026 $18m $1.5bn

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. FJAN 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

FJAN 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, FJAN 4.3%. A fall from here reaches DDTF’s buffer after 8.5% and FJAN’s after 9.1%. 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.

FJAN

From its price on Nov 4, 2026, the fund can gain about 4.3% more before it reaches its cap. The fund's price can fall 9.1% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 9.8% from today's level to the point where the buffer begins. 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 FJAN?
From their prices on Nov 4, 2026, DDTF can gain about 3.7% before its cap and FJAN about 4.3%, so FJAN has more room left this period.
Which resets first, DDTF or FJAN?
DDTF ends its outcome period on Jan 31, 2027 and FJAN on Jan 15, 2027. A new cap is set the day after each.
Which is cheaper, DDTF or FJAN?
DDTF charges 0.79% a year and FJAN charges 0.85%, so DDTF is cheaper. Fees come from each fund's prospectus.
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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, DDTF against FJAN, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/ddtf-vs-fjan

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