DDTJ vs PQXV: which one stands where?

As of Oct 1, 2026 DDTJ can fall 8.5% before its buffer engages and PQXV 0.1%. Innovator Equity Dual Directional 10 Buffer ETF - Jan and PGIM S&P 500 Quarterly Buffer 15 ETF.

8.5%
DDTJ can fall this far before its buffer
0.1%
PQXV can fall this far before its buffer
3.3%
DDTJ can still gain
2.7%
PQXV can still gain
DDTJBetween buffer and cap
Between buffer and capDDTJ: reference +11.8% since period start, fund +8.6%; buffer 0 to −10; cap +12.8%; Between buffer and cap.10 pts of buffer+11.8% gain captured−10.0% floor0% period start+12.8% capTODAY · SPY +11.8%Between buffer and capDDTJ: reference +11.8% since period start, fund +8.6%; buffer 0 to −10; cap +12.8%; Between buffer and cap.10 pts+11.8%−10.0% floor0% start+12.8% capTODAY · SPY +11.8%

DDTJ: reference +11.8% since period start, fund +8.6%; buffer 0 to −10; cap +12.8%; Between buffer and cap.

PQXVBetween buffer and cap
Between buffer and capPQXV: reference 0.0% since period start, fund 0.0%; buffer 0 to −15; cap +2.8%; Between buffer and cap.15 pts of buffer−15.0% floor0% period start+2.8% capTODAY · SPY 0.0%Between buffer and capPQXV: reference 0.0% since period start, fund 0.0%; buffer 0 to −15; cap +2.8%; Between buffer and cap.15 pts of buffer−15.0% floor0% start+2.8% capTODAY · SPY 0.0%

PQXV: reference 0.0% since period start, fund 0.0%; buffer 0 to −15; cap +2.8%; Between buffer and cap.

These are two different products. PQXV 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.

Where each one stands today

DDTJ resets first, on Dec 31, 2026, 92 days from now; PQXV runs to Dec 31, 2026, 92 days. DDTJ can still gain 3.3% before its cap, PQXV 2.7%. A fall from here reaches DDTJ’s buffer after 8.5% and PQXV’s after 0.1%. Both track SPY, so what separates them is where each is in its own period.

Every figure is ETFIQ’s own, from the issuer’s published outcome-period terms. A buffer ETF holds FLEX options on its reference index rather than shares, so there is no holdings overlap between two of them to report.

Performance, window by window

Total returnGap to the reference
WindowDDTJPQXVDDTJPQXV
3 months+2.7%+2.1%+0.2 pts−0.4 pts
6 months+10.4%not published−6.5 ptsnot published

DDTJ and PQXV over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

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
PQXV
PGIM S&P 500 Quarterly Buffer 15 ETF · Absorbs the first 15% of loss on SPY and caps the gain at 2.8%, over a period ending Dec 31, 2026
Issuer Innovator PGIM
Reference index SPY SPY
Buffer 10% 15%
Outcome period Dec 31, 2025 to Dec 31, 2026 Oct 1, 2026 to Dec 31, 2026
Days left 92 92
Starting cap +12.8% +2.8%
Can still gain 3.3% 2.7%
Fall before buffer 8.5% 0.1%
Protection left, index points 10.0% of 10.0% 15.0% of 15.0%
Index return this period +11.8% 0.0%
Fund return this period +8.6% 0.0%
State today Open Open
Expense ratio 0.79% 0.50%
Net assets $18m $3m

DDTJ and PQXV on the same fields, as of Oct 1, 2026. Source: ETFIQ.

DDTJ in plain words

From its price on Oct 1, 2026, the fund can gain about 3.3% 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 figure. In index terms, SPY can fall 10.6% 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. 92 days remained on Oct 1, 2026. On Dec 31, 2026 the period ends and a new cap is set.

PQXV in plain words

From its price on Oct 1, 2026, the fund can gain about 2.7% more before it reaches its cap. The fund's price can fall 0.1% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 0.0% from today's level to the point where the buffer begins. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, DDTJ or PQXV?
From their prices on Oct 1, 2026, DDTJ can gain about 3.3% before its cap and PQXV about 2.7%, so DDTJ has more room left this period.
Which resets first, DDTJ or PQXV?
DDTJ ends its outcome period on Dec 31, 2026 and PQXV on Dec 31, 2026. A new cap is set the day after each.
Which is cheaper, DDTJ or PQXV?
DDTJ charges 0.79% a year and PQXV charges 0.50%, so PQXV is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, DDTJ against PQXV, data as of Oct 1, 2026. https://etfiq.com/compare/buffer/ddtj-vs-pqxv

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.