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Data as of Nov 4, 2026.

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Buffer ETFs

DDTF vs PMFB: Cap, Buffer & Days Left

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As of Nov 4, 2026 DDTF can fall 8.5% before its buffer engages and PMFB 4.5%.

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Net assets on Nov 4, 2026: $18m for Innovator Equity Dual Directional 10 Buffer ETF - Feb and $6.1m for PGIM S&P 500 Max Buffer ETF - February.

DDTF on its own →PMFB on its own →
At a glance
8.5%
DDTF can fall this far before its buffer
4.5%
PMFB can fall this far before its buffer
3.7%
DDTF can still gain
2.1%
PMFB 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% gained−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.−10.0% floor0% start+13.2% cap10 pts of buffer+10.8% gain captured+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.
PMFB At its cap
At its capPMFB: reference +10.8% since period start, fund +4.1%; buffer Floor; cap +6.8%; At its cap. Data to Nov 4, 2026.full floor beneath+6.8%full floor0% period start+6.8% capTODAY · SPY +10.8%At its capPMFB: reference +10.8% since period start, fund +4.1%; buffer Floor; cap +6.8%; At its cap. Data to Nov 4, 2026.full floor beneathfull floor0% start+6.8% cap+6.8% gain capturedTODAY · SPY +10.8%

PMFB: reference +10.8% since period start, fund +4.1%; buffer Floor; cap +6.8%; At its cap. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

PMFB costs 0.29 points a year less; DDTF is 3.0 times larger.

Points (pts) are percentage points.

DDTF vs PMFB: Cap, Buffer & Days Left
MeasureDDTFPMFB
Return
Total return, 1 yearnot published+6.2%
Drawdown
Index fall to the buffer9.7%9.8%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.79%0.50%
Net assets$18m$6.1m
Holdings
Holdings in commonnot published

Method

Risk and return

Feb 13, 2026 to Oct 30, 2026 · 37 weekly returns
DDTF PMFB
Return
Total return edge DDTF +8.4% +3.9%
Price return edge DDTF +8.4% +3.9%
Risk
Max drawdown edge PMFB −4.7% −1.3%
Reading

From Feb 2026 to Oct 2026, DDTF returned more: +8.4% to +3.9%. PMFB fell less at its worst: −1.3% to −4.7%.

Full scorecard

3 measures, with how each is measured Open ↓
Risk and return: DDTF vs PMFB: Cap, Buffer & Days Left
MeasureDDTFPMFBEdgeHow it is measured
Return
Total return+8.4%+3.9%DDTFPrice change plus distributions, reinvested.
Price return+8.4%+3.9%DDTFPrice change alone, distributions left out.
Risk
Max drawdown−4.7%−1.3%PMFBDeepest fall from a high to the low after it.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 37 weekly returns. Cash rate: the 13-week Treasury bill.

Window by window

Window by window: DDTF vs PMFB: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowDDTFPMFBDDTFPMFB
3 months+1.4%+1.2%+1.8 pts+1.6 pts
6 months+4.7%+2.6%+0.2 pts−1.9 pts
1 year–+6.2%–−7.4 pts
Since launchNot the same days: DDTF Feb 2026 · PMFB Feb 2025+7.9%+11.4%−2.3 pts−16.9 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 PMFB PGIM S&P 500 Max Buffer ETF - February · Absorbs the whole loss on SPY and caps the gain at 6.8%, over a period ending Jan 31, 2027
Issuer Innovator PGIM
Reference index SPY SPY
Buffer 10% 100%
Outcome period Jan 31, 2026 to Jan 31, 2027 Feb 1, 2026 to Jan 31, 2027
Days left 88 88
Starting cap +13.2% +6.8%
Can still gain 3.7% 2.1%
Fall before buffer 8.5% 4.5%
Protection left, index points 10.0% of 10.0% 100.0% of 100.0%
Index return this period +10.8% +10.8%
Fund return this period +8.6% +4.1%
State today Open At cap
Expense ratio 0.79% 0.50%
Net assets $18m $6.1m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. PMFB 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.

PMFB is already at its cap, so more rise in the index adds nothing to it before the period ends.

Where each one stands today

DDTF resets first, on Jan 31, 2027, 88 days from now; PMFB runs to Jan 31, 2027, 88 days. DDTF can still gain 3.7% before its cap, PMFB 2.1%. A fall from here reaches DDTF’s buffer after 8.5% and PMFB’s after 4.5%. Both track SPY, so what separates them is where each is in its own period.

Client brief

No client brief for this pair: ETFIQ prints no one-year total return for DDTF.

Alert

DDTF and PMFB flows, by email on Sundays.

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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.

PMFB

SPY had already risen past this fund's cap of +6.8% 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 2.1% as the period runs out. The fund's price can fall 4.5% 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: 100.0% of the 100.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, DDTF or PMFB?
From their prices on Nov 4, 2026, DDTF can gain about 3.7% before its cap and PMFB about 2.1%, so DDTF has more room left this period.
Which resets first, DDTF or PMFB?
DDTF ends its outcome period on Jan 31, 2027 and PMFB on Jan 31, 2027. A new cap is set the day after each.
Which is cheaper, DDTF or PMFB?
DDTF charges 0.79% a year and PMFB charges 0.50%, so PMFB is cheaper. Fees come from each fund's prospectus.
Other comparisons
DDTF vs PFEBDDTF vs CPSYDDTF vs FEBPDDTF vs CPSFPMFB vs SIXFPMFB vs XJANPMFB vs ZFEBPMFB vs UFEB
Where to next
SPY →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →DDTF on its own →PMFB on its own →Method →Standards and sources →
Sources and dates
DDTF filings on SEC EDGAR ↗
Innovator page for DDTF ↗
PMFB filings on SEC EDGAR ↗
PGIM website ↗

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 PMFB, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/ddtf-vs-pmfb

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