Data as of Nov 4, 2026.

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Buffer ETFs

DDTJ vs JANW: Cap, Buffer & Days Left

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As of Nov 4, 2026 DDTJ can fall 9.3% before its buffer engages and JANW 7.9%.

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Net assets: $18m on Nov 4, 2026 for Innovator Equity Dual Directional 10 Buffer ETF - Jan, and $255m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer20 ETF - Jan.

At a glance
9.3%
DDTJ can fall this far before its buffer
7.9%
JANW can fall this far before its buffer
2.4%
DDTJ can still gain
1.9%
JANW 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, 2026.10 pts+12.4%−10.0% floor0% start+12.8% cap+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.
JANW At its cap
At its capJANW: reference +12.4% since period start, fund +7.7%; buffer 0 to −20; cap +10.5%; At its cap. Data to Nov 4, 2026.20 pts of buffer+10.5% gain captured−20.0% floor0% period start+10.5% capTODAY · SPY +12.4%At its capJANW: reference +12.4% since period start, fund +7.7%; buffer 0 to −20; cap +10.5%; At its cap. Data to Nov 4, 2026.20 pts of buffer+10.5%−20.0% floor0% start+10.5% capTODAY · SPY +12.4%

JANW: reference +12.4% since period start, fund +7.7%; buffer 0 to −20; cap +10.5%; At its cap. Data to Nov 4, 2026.

JANW: reference +12.4% since period start, fund +7.7%; buffer 0 to −20; cap +10.5%; At its cap. Data to Nov 4, 2026.

Pair scorecard

JANW costs 0.05 points a year less; JANW is 14.2 times larger.

Points (pts) are percentage points.

DDTJ vs JANW: Cap, Buffer & Days Left
MeasureDDTJJANW
Return
Total return, 1 yearnot published+9.5%
Drawdown
Index fall to the buffer11.0%11.1%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.79%0.74%
Net assets, as of Nov 3, 2026$18m$255m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: DDTJ vs JANW: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowDDTJJANWDDTJJANW
3 months+1.4%+1.6%+1.8 pts+1.9 pts
6 months+4.8%+4.1%+0.3 pts−0.4 pts
1 year–+9.5%–−4.0 pts
3 years–+35.9%–−40.5 pts
Since launchNot the same days: DDTJ Jan 2026 · JANW Jan 2021+9.1%+60.2%−3.1 pts−47.7 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 JANW AllianzIM U.S. Equity Buffer20 ETF - Jan · Absorbs the first 20% of loss on SPY and caps the gain at 10.5%, over a period ending Dec 31, 2026
Reference index SPY SPY
Buffer 10% 20%
Outcome period Dec 31, 2025 to Dec 31, 2026 Jan 1, 2026 to Dec 31, 2026
Days left 57 57
Starting cap +12.8% +10.5%
Can still gain 2.4% 1.9%
Fall before buffer 9.3% 7.9%
Protection left, index points 10.0% of 10.0% 20.0% of 20.0%
Index return this period +12.4% +12.4%
Fund return this period +9.4% +7.7%
State today Open At cap
Expense ratio 0.79% 0.74%
Net assets, DDTJ as of Nov 4, 2026 and JANW as of Nov 3, 2026 $18m $255m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. JANW 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.

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

Where each one stands today

DDTJ resets first, on Dec 31, 2026, 57 days from now; JANW runs to Dec 31, 2026, 57 days. DDTJ can still gain 2.4% before its cap, JANW 1.9%. A fall from here reaches DDTJ’s buffer after 9.3% and JANW’s after 7.9%. 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.

JANW

SPY had already risen past this fund's cap of +10.5% 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 1.9% as the period runs out. The fund's price can fall 7.9% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 11.1% from today's level to the point where the buffer begins. Protection left, in index points: 20.0% of the 20.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, DDTJ or JANW?
From their prices on Nov 4, 2026, DDTJ can gain about 2.4% before its cap and JANW about 1.9%, so DDTJ has more room left this period.
Which resets first, DDTJ or JANW?
DDTJ ends its outcome period on Dec 31, 2026 and JANW on Dec 31, 2026. A new cap is set the day after each.
Which is cheaper, DDTJ or JANW?
DDTJ charges 0.79% a year and JANW charges 0.74%, so JANW 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.

Cite this pageCitation, APA and Markdown

ETFIQ, DDTJ against JANW, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/ddtj-vs-janw

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