Which has more room to gain, DDTM or UMAR?

From their prices on Nov 4, 2026, DDTM can gain about 4.1% before its cap and UMAR about 3.9%, so DDTM has more room left this period.

Which resets first, DDTM or UMAR?

DDTM ends its outcome period on Feb 28, 2027 and UMAR on Feb 28, 2027. A new cap is set the day after each.

Which is cheaper, DDTM or UMAR?

DDTM and UMAR both charge 0.79% a year, so neither is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Buffer ETFs

DDTM vs UMAR: Cap, Buffer & Days Left

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As of Nov 4, 2026 UMAR can fall 12.0% before its buffer engages and DDTM 8.5%.

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Net assets on Nov 4, 2026: $13m for Innovator Equity Dual Directional 10 Buffer ETF - Mar and $143m for Innovator U.S. Equity Ultra Buffer ETF - Mar.

DDTM on its own →UMAR on its own →

At a glance

8.5%

DDTM can fall this far before its buffer

12.0%

UMAR can fall this far before its buffer

4.1%

DDTM can still gain

3.9%

UMAR can still gain

DDTM Between buffer and cap

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.

UMAR Between buffer and cap

UMAR: reference +11.7% since period start, fund +7.3%; buffer −5 to −35; cap +12.1%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

Both cost 0.79% a year; UMAR is 11.0 times larger.

Points (pts) are percentage points.

DDTM vs UMAR: Cap, Buffer & Days Left
Measure	DDTM	UMAR
Return
Measure	DDTM	UMAR
Total return, 1 year	not published	+11.0%
Drawdown
Measure	DDTM	UMAR
Index fall to the buffer	10.5%	15.0%
Benchmark
Measure	DDTM	UMAR
What it tracks	SPY	SPY
Cost and size
Measure	DDTM	UMAR
Expense ratio	0.79%	0.79%
Net assets	$13m	$143m
Holdings
Measure	DDTM	UMAR
Holdings in common	not published

Method

Window by window

Window by window: DDTM vs UMAR: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	DDTM	UMAR	DDTM	UMAR
3 months	+1.6%	+1.5%	+2.0 pts	+1.9 pts
6 months	+4.8%	+4.3%	+0.3 pts	−0.1 pts
1 year	–	+11.0%	–	−2.5 pts
3 years	–	+44.0%	–	−32.4 pts
Since launchNot the same days: DDTM Mar 2026 · UMAR Mar 2020	+8.5%	+64.9%	−3.2 pts	−83.2 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 UMAR Innovator U.S. Equity Ultra Buffer ETF - Mar · Absorbs losses from 5.0% to 35.0% on SPY and caps the gain at 12.1%, over a period ending Feb 28, 2027

Issuer Innovator Innovator

Reference index SPY SPY

Buffer 10% 5% to 35%

Outcome period Feb 28, 2026 to Feb 28, 2027 Feb 28, 2026 to Feb 28, 2027

Days left 116 116

Starting cap +13.7% +12.1%

Can still gain 4.1% 3.9%

Fall before buffer 8.5% 12.0%

Protection left, index points 10.0% of 10.0% 30.0% of 30.0%

Index return this period +11.7% +11.7%

Fund return this period +8.6% +7.3%

State today Open Open

Expense ratio 0.79% 0.79%

Net assets $13m $143m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. UMAR 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.

Both are Innovator funds, so the difference between them is the terms rather than the house.

Where each one stands today

DDTM resets first, on Feb 28, 2027, 116 days from now; UMAR runs to Feb 28, 2027, 116 days. DDTM can still gain 4.1% before its cap, UMAR 3.9%. A fall from here reaches DDTM’s buffer after 8.5% and UMAR’s after 12.0%. 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.

UMAR

From its price on Nov 4, 2026, the fund can gain about 3.9% more before it reaches its cap. The fund's price can fall 12.0% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 15.0% from today's level to the point where the buffer begins. Protection left, in index points: 30.0% of the 30.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, DDTM or UMAR?: From their prices on Nov 4, 2026, DDTM can gain about 4.1% before its cap and UMAR about 3.9%, so DDTM has more room left this period.
Which resets first, DDTM or UMAR?: DDTM ends its outcome period on Feb 28, 2027 and UMAR on Feb 28, 2027. A new cap is set the day after each.
Which is cheaper, DDTM or UMAR?: DDTM and UMAR both charge 0.79% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

DDTM vs ZMAR DDTM vs SIXP DDTM vs MARW DDTM vs DLFE UMAR vs XFEB UMAR vs ZMAR UMAR vs GFEB UMAR vs DFEB

Where to next

SPY →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →DDTM on its own →UMAR on its own →Method →Standards and sources →

Sources and dates

DDTM and UMAR filings on SEC EDGAR ↗

Innovator page for DDTM ↗

Innovator page for UMAR ↗

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, DDTM against UMAR, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/ddtm-vs-umar

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.