Data as of .
DDTM vs MRCP: which one stands where?
As of Sep 19, 2026 MRCP can fall 7.7% before its buffer engages and DDTM 7.5%.
These are two different products. MRCP 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, 163 days from now; MRCP runs to Feb 28, 2027, 163 days. DDTM can still gain 5.2% before its cap, MRCP 5.8%. A fall from here reaches DDTM’s buffer after 7.5% and MRCP’s after 7.7%. 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
| Window | Total return | Gap to the reference | ||
|---|---|---|---|---|
| DDTM | MRCP | DDTM | MRCP | |
| 3 months | +2.3% | +2.5% | 0.0 pts | +0.2 pts |
| 6 months | +10.6% | +11.4% | −7.4 pts | −6.6 pts |
| 1 year | not published | +13.2% | not published | −3.4 pts |
| 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 | MRCP PGIM S&P 500 Buffer 12 ETF - March Absorbs the first 12% of loss on SPY and caps the gain at 14.5%, over a period ending Feb 28, 2027 | |
|---|---|---|
| Issuer | Innovator | PGIM |
| Reference index | SPY | SPY |
| Buffer | 10% | 12% |
| Outcome period | Feb 28, 2026 to Feb 28, 2027 | Mar 1, 2026 to Feb 28, 2027 |
| Days left | 163 | 163 |
| Starting cap | +13.7% | +14.5% |
| Can still gain | 5.2% | 5.8% |
| Fall before buffer | 7.5% | 7.7% |
| Protection left, index points | 10.0% of 10.0% | 12.0% of 12.0% |
| Index return this period | +11.0% | +11.0% |
| Fund return this period | +7.6% | +7.8% |
| State today | Open | Open |
| Expense ratio | 0.79% | 0.50% |
| Net assets | $13m | $29m |
DDTM in plain words
From its price on Sep 19, 2026, the fund can gain about 5.2% more before it reaches its cap. The fund's price can fall 7.5% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 9.9% 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. 163 days remained on Sep 19, 2026. On Feb 28, 2027 the period ends and a new cap is set.
MRCP in plain words
From its price on Sep 19, 2026, the fund can gain about 5.8% more before it reaches its cap. The fund's price can fall 7.7% from here before the buffer starts absorbing losses, by the issuer's figure. Protection left, in index points: 12.0% of the 12.0% buffer still sits below today's SPY level.
Questions people ask
- Which has more room to gain, DDTM or MRCP?
- From their prices on Sep 19, 2026, DDTM can gain about 5.2% before its cap and MRCP about 5.8%, so MRCP has more room left this period.
- Which resets first, DDTM or MRCP?
- DDTM ends its outcome period on Feb 28, 2027 and MRCP on Feb 28, 2027. A new cap is set the day after each.
- Which is cheaper, DDTM or MRCP?
- DDTM charges 0.79% a year and MRCP charges 0.50%, so MRCP 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.
Cite this page. ETFIQ, DDTM against MRCP, data as of Sep 19, 2026. https://etfiq.com/compare/buffer/ddtm-vs-mrcp Free to use with attribution; the underlying files are at Open data.