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Data as of Nov 4, 2026.

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Buffer ETFs

DDTF vs UFEB: Cap, Buffer & Days Left

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As of Nov 4, 2026 UFEB can fall 12.0% before its buffer engages and DDTF 8.5%.

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Net assets on Nov 4, 2026: $18m for Innovator Equity Dual Directional 10 Buffer ETF - Feb and $165m for Innovator U.S. Equity Ultra Buffer ETF - Feb.

DDTF on its own →UFEB on its own →
At a glance
8.5%
DDTF can fall this far before its buffer
12.0%
UFEB can fall this far before its buffer
3.7%
DDTF can still gain
3.3%
UFEB 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.+10.8%−10.0% floor0% start+13.2% cap10 pts of buffer+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.
UFEB Between buffer and cap
Between buffer and capUFEB: reference +10.8% since period start, fund +7.2%; buffer −5 to −35; cap +11.4%; Between buffer and cap. Data to Nov 4, 2026.30 pts of buffer+10.8% gain captured−35.0% floor−5.0% buffer start0% period start+11.4% capfirst 5 pts are yours to lose+0.6% more to the capTODAY · SPY +10.8%Between buffer and capUFEB: reference +10.8% since period start, fund +7.2%; buffer −5 to −35; cap +11.4%; Between buffer and cap. Data to Nov 4, 2026.30 pts of buffer+10.8%−35.0% floor−5.0% buffer start0% start+11.4% capfirst 5 pts are yours to lose+0.6% more to the capTODAY · SPY +10.8%

UFEB: reference +10.8% since period start, fund +7.2%; buffer −5 to −35; cap +11.4%; Between buffer and cap. Data to Nov 4, 2026.

UFEB: reference +10.8% since period start, fund +7.2%; buffer −5 to −35; cap +11.4%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

Both cost 0.79% a year; UFEB is 9.2 times larger.

Points (pts) are percentage points.

DDTF vs UFEB: Cap, Buffer & Days Left
MeasureDDTFUFEB
Return
Total return, 1 yearnot published+10.5%
Drawdown
Index fall to the buffer9.7%14.2%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.79%0.79%
Net assets$18m$165m
Holdings
Holdings in commonnot published

Method

Risk and return

Feb 13, 2026 to Oct 30, 2026 · 37 weekly returns
DDTF UFEB
Return
Total return edge DDTF +8.4% +6.9%
Price return edge DDTF +8.4% +6.9%
Risk
Max drawdown edge UFEB −4.7% −3.4%
Reading

From Feb 2026 to Oct 2026, DDTF returned more: +8.4% to +6.9%. UFEB fell less at its worst: −3.4% to −4.7%.

Full scorecard

3 measures, with how each is measured Open ↓
Risk and return: DDTF vs UFEB: Cap, Buffer & Days Left
MeasureDDTFUFEBEdgeHow it is measured
Return
Total return+8.4%+6.9%DDTFPrice change plus distributions, reinvested.
Price return+8.4%+6.9%DDTFPrice change alone, distributions left out.
Risk
Max drawdown−4.7%−3.4%UFEBDeepest 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 UFEB: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowDDTFUFEBDDTFUFEB
3 months+1.4%+1.5%+1.8 pts+1.8 pts
6 months+4.7%+4.2%+0.2 pts−0.3 pts
1 year–+10.5%–−3.0 pts
3 years–+42.7%–−33.7 pts
Since launchNot the same days: DDTF Feb 2026 · UFEB Feb 2020+7.9%+61.7%−2.3 pts−74.9 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 UFEB Innovator U.S. Equity Ultra Buffer ETF - Feb · Absorbs losses from 5.0% to 35.0% on SPY and caps the gain at 11.4%, over a period ending Jan 31, 2027
Issuer Innovator Innovator
Reference index SPY SPY
Buffer 10% 5% to 35%
Outcome period Jan 31, 2026 to Jan 31, 2027 Jan 31, 2026 to Jan 31, 2027
Days left 88 88
Starting cap +13.2% +11.4%
Can still gain 3.7% 3.3%
Fall before buffer 8.5% 12.0%
Protection left, index points 10.0% of 10.0% 30.0% of 30.0%
Index return this period +10.8% +10.8%
Fund return this period +8.6% +7.2%
State today Open Open
Expense ratio 0.79% 0.79%
Net assets $18m $165m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. UFEB 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.

Both are Innovator funds, so the difference between them is the terms rather than the house.

Where each one stands today

DDTF resets first, on Jan 31, 2027, 88 days from now; UFEB runs to Jan 31, 2027, 88 days. DDTF can still gain 3.7% before its cap, UFEB 3.3%. A fall from here reaches DDTF’s buffer after 8.5% and UFEB’s after 12.0%. 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 UFEB 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.

UFEB

From its price on Nov 4, 2026, the fund can gain about 3.3% more before it reaches its cap. The fund's price can fall 12.0% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 14.2% from today's level to the point where the buffer begins. Protection left, in index points: 30.0% of the 30.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, DDTF or UFEB?
From their prices on Nov 4, 2026, DDTF can gain about 3.7% before its cap and UFEB about 3.3%, so DDTF has more room left this period.
Which resets first, DDTF or UFEB?
DDTF ends its outcome period on Jan 31, 2027 and UFEB on Jan 31, 2027. A new cap is set the day after each.
Which is cheaper, DDTF or UFEB?
DDTF and UFEB both charge 0.79% a year, so neither is cheaper. Fees come from each fund's prospectus.
Other comparisons
DDTF vs PFEBDDTF vs PMFBDDTF vs ZFEBDDTF vs FEBWUFEB vs XJANUFEB vs DHDGUFEB vs ZFEBUFEB vs FEBW
Where to next
SPY →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →DDTF on its own →UFEB on its own →Method →Standards and sources →
Sources and dates
DDTF and UFEB filings on SEC EDGAR ↗
Innovator page for DDTF ↗
Innovator page for UFEB ↗

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

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