Data as of Nov 4, 2026.
DDTM vs ZMAR: Cap, Buffer & Days Left
As of Nov 4, 2026 DDTM can fall 8.5% before its buffer engages and ZMAR 4.2%.
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Net assets on Nov 4, 2026: $13m for Innovator Equity Dual Directional 10 Buffer ETF - Mar and $109m for Innovator Equity Defined Protection ETF - 1 Yr March.
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.ZMAR: reference +11.7% since period start, fund +3.8%; buffer Floor; cap +6.7%; At its cap. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
Both cost 0.79% a year; ZMAR is 8.4 times larger.
Points (pts) are percentage points.
| Measure | DDTM | ZMAR |
|---|---|---|
| Return | ||
| Total return, 1 year | not published | +6.1% |
| Drawdown | ||
| Index fall to the buffer | 10.5% | |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.79% | 0.79% |
| Net assets | $13m | $109m |
| Holdings | ||
| Holdings in common | not published | |
Risk and return
Mar 13, 2026 to Oct 30, 2026 · 33 weekly returnsFrom Mar 2026 to Oct 2026, DDTM returned more: +9.7% to +4.2%. ZMAR fell less at its worst: −0.6% to −2.5%.
Full scorecard
3 measures, with how each is measured Open ↓
| Measure | DDTM | ZMAR | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +9.7% | +4.2% | DDTM | Price change plus distributions, reinvested. |
| Price return | +9.7% | +4.2% | DDTM | Price change alone, distributions left out. |
| Risk | ||||
| Max drawdown | −2.5% | −0.6% | ZMAR | Deepest fall from a high to the low after it. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 33 weekly returns. Cash rate: the 13-week Treasury bill.
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | DDTM | ZMAR | DDTM | ZMAR |
| 3 months | +1.6% | +1.2% | +2.0 pts | +1.6 pts |
| 6 months | +4.8% | +2.6% | +0.3 pts | −1.9 pts |
| 1 year | – | +6.1% | – | −7.5 pts |
| Since launchNot the same days: DDTM Mar 2026 · ZMAR Mar 2025 | +8.5% | +11.0% | −3.2 pts | −20.3 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
As of Nov 4, 2026. Source: ETFIQ.
These are two different products. ZMAR 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.
ZMAR is already at its cap, so more rise in the index adds nothing to it before the period ends.
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; ZMAR runs to Feb 28, 2027, 116 days. DDTM can still gain 4.1% before its cap, ZMAR 2.3%. A fall from here reaches DDTM’s buffer after 8.5% and ZMAR’s after 4.2%. Both track SPY, so what separates them is where each is in its own period.
No client brief for this pair: ETFIQ prints no one-year total return for DDTM.
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.
ZMAR
SPY had already risen past this fund's cap of +6.7% for the period on Nov 4, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 2.3% as the period runs out. The fund's price can fall 4.2% from here before the buffer starts absorbing losses, by the issuer's number. Protection left, in index points: 100.0% of the 100.0% buffer still sits below today's SPY level.
Questions people ask
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 ZMAR, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/ddtm-vs-zmar
ETFIQ. (Nov 4, 2026). DDTM against ZMAR. Retrieved from https://etfiq.com/compare/buffer/ddtm-vs-zmar
[DDTM against ZMAR (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/ddtm-vs-zmar)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.