Data as of Nov 4, 2026.

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Buffer ETFs

DDTJ vs JAJL: Cap, Buffer & Days Left

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As of Nov 4, 2026 DDTJ can fall 9.3% before its buffer engages and JAJL 1.9%.

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Net assets on Nov 4, 2026: $18m for Innovator Equity Dual Directional 10 Buffer ETF - Jan and $305m for Innovator Equity Defined Protection ETF - 6 Mo Jan/Jul.

At a glance
9.3%
DDTJ can fall this far before its buffer
1.9%
JAJL can fall this far before its buffer
2.4%
DDTJ can still gain
2.1%
JAJL can still gain
DDTJ Between buffer and cap
Between buffer and capDDTJ: reference +12.4% since period start, fund +9.4%; buffer 0 to −10; cap +12.8%; Between buffer and cap. Data to Nov 4, 2026.10 pts of buffer+12.4% gain captured−10.0% floor0% period start+12.8% cap+0.4% more to the capTODAY · SPY +12.4%Between buffer and capDDTJ: reference +12.4% since period start, fund +9.4%; buffer 0 to −10; cap +12.8%; Between buffer and cap. Data to Nov 4, 2026.+12.4%−10.0% floor0% start+12.8% cap10 pts of buffer+0.4% more to the capTODAY · SPY +12.4%

DDTJ: reference +12.4% since period start, fund +9.4%; buffer 0 to −10; cap +12.8%; Between buffer and cap. Data to Nov 4, 2026.

DDTJ: reference +12.4% since period start, fund +9.4%; buffer 0 to −10; cap +12.8%; Between buffer and cap. Data to Nov 4, 2026.
JAJL Full floor
Full floorJAJL: reference +2.6% since period start, fund +1.7%; buffer Floor; cap +4.1%; Full floor. Data to Nov 4, 2026.full floor beneathfull floor0% period start+4.1% cap+2.6% gain captured+1.5% more to the capTODAY · SPY +2.6%Full floorJAJL: reference +2.6% since period start, fund +1.7%; buffer Floor; cap +4.1%; Full floor. Data to Nov 4, 2026.full floor beneathfull floor0% start+4.1% cap+2.6% gain captured+1.5% more to the capTODAY · SPY +2.6%

JAJL: reference +2.6% since period start, fund +1.7%; buffer Floor; cap +4.1%; Full floor. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

Both cost 0.79% a year; JAJL is 16.9 times larger.

Points (pts) are percentage points.

DDTJ vs JAJL: Cap, Buffer & Days Left
MeasureDDTJJAJL
Return
Total return, 1 yearnot published+5.7%
Drawdown
Index fall to the buffer11.0%2.6%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.79%0.79%
Net assets$18m$305m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: DDTJ vs JAJL: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowDDTJJAJLDDTJJAJL
3 months+1.4%+0.8%+1.8 pts+1.2 pts
6 months+4.8%+2.6%+0.3 pts−1.9 pts
1 year–+5.7%–−7.9 pts
Since launchNot the same days: DDTJ Jan 2026 · JAJL Jul 2024+9.1%+16.5%−3.1 pts−24.1 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

DDTJ Innovator Equity Dual Directional 10 Buffer ETF - Jan · Absorbs the first 10% of loss on SPY and caps the gain at 12.8%, over a period ending Dec 31, 2026 JAJL Innovator Equity Defined Protection ETF - 6 Mo Jan/Jul · Absorbs the whole loss on SPY and caps the gain at 4.1%, over a period ending Dec 31, 2026
Reference index SPY SPY
Buffer 10% 100%
Outcome period Dec 31, 2025 to Dec 31, 2026 Jun 30, 2026 to Dec 31, 2026
Days left 57 57
Starting cap +12.8% +4.1%
Can still gain 2.4% 2.1%
Fall before buffer 9.3% 1.9%
Protection left, index points 10.0% of 10.0% 100.0% of 100.0%
Index return this period +12.4% +2.6%
Fund return this period +9.4% +1.7%
State today Open Open
Expense ratio 0.79% 0.79%
Net assets $18m $305m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. JAJL is a floor fund, which caps how far a holder can fall. DDTJ 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

DDTJ resets first, on Dec 31, 2026, 57 days from now; JAJL runs to Dec 31, 2026, 57 days. DDTJ can still gain 2.4% before its cap, JAJL 2.1%. A fall from here reaches DDTJ’s buffer after 9.3% and JAJL’s after 1.9%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
DDTJ

From its price on Nov 4, 2026, the fund can gain about 2.4% more before it reaches its cap. The fund's price can fall 9.3% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 11.0% 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. 57 days remained on Nov 4, 2026. On Dec 31, 2026 the period ends and a new cap is set.

JAJL

From its price on Nov 4, 2026, the fund can gain about 2.1% more before it reaches its cap. The fund's price can fall 1.9% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 2.6% 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, DDTJ or JAJL?
From their prices on Nov 4, 2026, DDTJ can gain about 2.4% before its cap and JAJL about 2.1%, so DDTJ has more room left this period.
Which resets first, DDTJ or JAJL?
DDTJ ends its outcome period on Dec 31, 2026 and JAJL on Dec 31, 2026. A new cap is set the day after each.
Which is cheaper, DDTJ or JAJL?
DDTJ and JAJL both charge 0.79% a year, so neither 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, DDTJ against JAJL, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/ddtj-vs-jajl

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