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DDTJ vs QBSV: which one stands where?

As of Oct 1, 2026 DDTJ can fall 8.5% before its buffer engages and QBSV 0.2%. Innovator Equity Dual Directional 10 Buffer ETF - Jan and AllianzIM U.S. Equity Buffer5 ETF - Jan.

8.5%
DDTJ can fall this far before its buffer
0.2%
QBSV can fall this far before its buffer
3.3%
DDTJ can still gain
4.9%
QBSV 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% gained−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.

QBSVBetween buffer and cap
Between buffer and capQBSV: reference 0.0% since period start, fund 0.0%; buffer 0 to −5; cap +5.1%; Between buffer and cap.5 pts of buffer+5.1% to cap−5.0% floor0% period start+5.1% capTODAY · SPY 0.0%Between buffer and capQBSV: reference 0.0% since period start, fund 0.0%; buffer 0 to −5; cap +5.1%; Between buffer and cap.5 pts−5.0% floor0% start+5.1% capTODAY · SPY 0.0%

QBSV: reference 0.0% since period start, fund 0.0%; buffer 0 to −5; cap +5.1%; Between buffer and cap.

These are two different products. QBSV 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; QBSV runs to Dec 31, 2026, 92 days. DDTJ can still gain 3.3% before its cap, QBSV 4.9%. A fall from here reaches DDTJ’s buffer after 8.5% and QBSV’s after 0.2%. 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
WindowDDTJQBSVDDTJQBSV
3 months+2.7%+2.2%+0.2 pts−0.3 pts
6 months+10.4%+8.2%−6.5 pts−8.8 pts

DDTJ and QBSV 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
QBSV
AllianzIM U.S. Equity Buffer5 ETF - Jan · Absorbs the first 5% of loss on SPY and caps the gain at 5.1%, over a period ending Dec 31, 2026
Issuer Innovator AllianzIM
Reference index SPY SPY
Buffer 10% 5%
Outcome period Dec 31, 2025 to Dec 31, 2026 Oct 1, 2026 to Dec 31, 2026
Days left 92 92
Starting cap +12.8% +5.1%
Can still gain 3.3% 4.9%
Fall before buffer 8.5% 0.2%
Protection left, index points 10.0% of 10.0% 5.0% of 5.0%
Index return this period +11.8% 0.0%
Fund return this period +8.6% 0.0%
State today Open Open
Expense ratio 0.79% 0.64%
Net assets $18m $27m

DDTJ and QBSV 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.

QBSV in plain words

From its price on Oct 1, 2026, the fund can gain about 4.9% more before it reaches its cap. The fund's price can fall 0.2% 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: 5.0% of the 5.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, DDTJ or QBSV?
From their prices on Oct 1, 2026, DDTJ can gain about 3.3% before its cap and QBSV about 4.9%, so QBSV has more room left this period.
Which resets first, DDTJ or QBSV?
DDTJ ends its outcome period on Dec 31, 2026 and QBSV on Dec 31, 2026. A new cap is set the day after each.
Which is cheaper, DDTJ or QBSV?
DDTJ charges 0.79% a year and QBSV charges 0.64%, so QBSV is cheaper. Fees come from each fund's prospectus.
Other comparisons
DDTJ vs JANTDDTJ vs JANUDDTJ vs JANWDDTJ vs PBJAQBSV vs PBOCQBSV vs PMOCQBSV vs POCTQBSV vs SEPM
SPY →DDTJ on its own →QBSV on its own →How every figure is computed →Standards and sources →
Where these figures came from
DDTJ filings on SEC EDGAR ↗Innovator page for DDTJ ↗QBSV filings on SEC EDGAR ↗AllianzIM page for QBSV ↗

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 QBSV, data as of Oct 1, 2026. https://etfiq.com/compare/buffer/ddtj-vs-qbsv

Open data

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