Data as of Nov 4, 2026.

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Buffer ETFs

DDTM vs MARU: Cap, Buffer & Days Left

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As of Nov 4, 2026 DDTM can fall 8.5% before its buffer engages and MARU 8.2%.

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Net assets: $13m on Nov 4, 2026 for Innovator Equity Dual Directional 10 Buffer ETF - Mar, and $35m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer15 Uncapped ETF - Mar.

At a glance
8.5%
DDTM can fall this far before its buffer
8.2%
MARU can fall this far before its buffer
4.1%
DDTM can still gain
uncapped
MARU can still gain
DDTM Between buffer and cap
Between buffer and capDDTM: reference +11.7% since period start, fund +8.6%; buffer 0 to −10; cap +13.7%; Between buffer and cap. Data to Nov 4, 2026.10 pts of buffer+11.7% gain captured−10.0% floor0% period start+13.7% cap+2% more to the capTODAY · SPY +11.7%Between buffer and capDDTM: reference +11.7% since period start, fund +8.6%; buffer 0 to −10; cap +13.7%; Between buffer and cap. Data to Nov 4, 2026.10 pts+11.7%−10.0% floor0% start+13.7% cap+2% more to the capTODAY · SPY +11.7%

DDTM: reference +11.7% since period start, fund +8.6%; buffer 0 to −10; cap +13.7%; Between buffer and cap. Data to Nov 4, 2026.

DDTM: reference +11.7% since period start, fund +8.6%; buffer 0 to −10; cap +13.7%; Between buffer and cap. Data to Nov 4, 2026.
MARU No cap
No capMARU: reference +11.8% since period start, fund +8.1%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.15 pts of buffer+11.8% gained, no cap−15.0% floor0% period startno capTODAY · SPY +11.8%No capMARU: reference +11.8% since period start, fund +8.1%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.15 pts−15.0% floor0% startno cap+11.8% gained, no capTODAY · SPY +11.8%

MARU: reference +11.8% since period start, fund +8.1%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.

MARU: reference +11.8% since period start, fund +8.1%; buffer 0 to −15; no cap; No cap. Data to Nov 4, 2026.

Pair scorecard

MARU costs 0.05 points a year less; MARU is 2.7 times larger.

Points (pts) are percentage points.

DDTM vs MARU: Cap, Buffer & Days Left
MeasureDDTMMARU
Return
Total return, 1 yearnot published+8.7%
Drawdown
Index fall to the buffer10.5%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.79%0.74%
Net assets, as of Nov 3, 2026$13m$35m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: DDTM vs MARU: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowDDTMMARUDDTMMARU
3 months+1.6%−1.2%+2.0 pts−0.8 pts
6 months+4.8%+2.5%+0.3 pts−2.0 pts
1 year–+8.7%–−4.9 pts
Since launchNot the same days: DDTM Mar 2026 · MARU Mar 2025+8.5%+21.7%−3.2 pts−9.7 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

DDTM Innovator Equity Dual Directional 10 Buffer ETF - Mar · Absorbs the first 10% of loss on SPY and caps the gain at 13.7%, over a period ending Feb 28, 2027 MARU AllianzIM U.S. Equity Buffer15 Uncapped ETF - Mar · Absorbs the first 15% of loss on SPY and does not cap the gain, over a period ending Feb 28, 2027
Reference index SPY SPY
Buffer 10% 15%
Outcome period Feb 28, 2026 to Feb 28, 2027 Mar 1, 2026 to Feb 28, 2027
Days left 116 116
Starting cap +13.7% uncapped
Can still gain 4.1% uncapped
Fall before buffer 8.5% 8.2%
Protection left, index points 10.0% of 10.0% 15.0% of 15.0%
Index return this period +11.7% +11.8%
Fund return this period +8.6% +8.1%
State today Open Uncapped
Expense ratio 0.79% 0.74%
Net assets, DDTM as of Nov 4, 2026 and MARU as of Nov 3, 2026 $13m $35m

As of Nov 4, 2026. Source: ETFIQ.

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

DDTM resets first, on Feb 28, 2027, 116 days from now; MARU runs to Feb 28, 2027, 116 days. A fall from here reaches DDTM’s buffer after 8.5% and MARU’s after 8.2%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
DDTM

From its price on Nov 4, 2026, the fund can gain about 4.1% 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 10.5% 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. 116 days remained on Nov 4, 2026. On Feb 28, 2027 the period ends and a new cap is set.

MARU

This fund has no cap. It takes a share of any further rise in SPY. The fund's price can fall 8.2% from here before the buffer starts absorbing losses, by the issuer's number. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level. On Feb 28, 2027 the period ends and new terms are set.

Questions people ask

Which resets first, DDTM or MARU?
DDTM ends its outcome period on Feb 28, 2027 and MARU on Feb 28, 2027. New terms are set the day after each.
Which is cheaper, DDTM or MARU?
DDTM charges 0.79% a year and MARU charges 0.74%, so MARU is cheaper. Fees come from each fund's prospectus.
Other comparisons
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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, DDTM against MARU, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/ddtm-vs-maru

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