Data as of Nov 4, 2026.
DDTF vs JANM: Cap, Buffer & Days Left
As of Nov 4, 2026 DDTF can fall 8.5% before its buffer engages and JANM 5.2%, and JANM resets 16 days sooner.
askIQ about this page
askIQ about DDTF and JANM
Net assets: $18m on Nov 4, 2026 for Innovator Equity Dual Directional 10 Buffer ETF - Feb, and $37m on Nov 3, 2026 for FT Vest U.S. Equity Max Buffer ETF - January.
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.JANM: reference +10.8% since period start, fund +4.6%; buffer 0 to −46; cap +7.0%; At its cap. Data to Nov 4, 2026.
JANM: reference +10.8% since period start, fund +4.6%; buffer 0 to −46; cap +7.0%; At its cap. Data to Nov 4, 2026.Pair scorecard
DDTF costs 0.06 points a year less; JANM is 2.1 times larger.
Points (pts) are percentage points.
| Measure | DDTF | JANM |
|---|---|---|
| Return | ||
| Total return, 1 year | not published | +6.3% |
| Drawdown | ||
| Index fall to the buffer | 9.7% | 9.8% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.79% | 0.85% |
| Net assets, as of Nov 3, 2026 | $18m | $37m |
| Holdings | ||
| Holdings in common | not published | |
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | DDTF | JANM | DDTF | JANM |
| 3 months | +1.4% | +1.3% | +1.8 pts | +1.6 pts |
| 6 months | +4.7% | +2.9% | +0.2 pts | −1.6 pts |
| 1 year | – | +6.3% | – | −7.2 pts |
| Since launchNot the same days: DDTF Feb 2026 · JANM Jan 2025 | +7.9% | +10.8% | −2.3 pts | −16.3 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
As of Nov 4, 2026. Source: ETFIQ.
These are two different products. JANM 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.
JANM is already at its cap, so more rise in the index adds nothing to it before the period ends.
Where each one stands today
JANM 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, JANM 1.5%. A fall from here reaches DDTF’s buffer after 8.5% and JANM’s after 5.2%. Both track SPY, so what separates them is where each is in its own period.
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.
JANM
SPY had already risen past this fund's cap of +7.0% for the period on Nov 4, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 1.5% as the period runs out. The fund's price can fall 5.2% 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. Protection left, in index points: 45.8% of the 45.8% 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
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 JANM, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/ddtf-vs-janm
ETFIQ. (Nov 4, 2026). DDTF against JANM. Retrieved from https://etfiq.com/compare/buffer/ddtf-vs-janm
[DDTF against JANM (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/ddtf-vs-janm)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.