Data as of .
DDTN vs PBNV: which one stands where?
As of Sep 21, 2026 DDTN can fall 10.6% before its buffer engages and PBNV 9.2%.
These are two different products. PBNV is a floor fund, which caps how far a holder can fall. DDTN 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
DDTN resets first, on Oct 31, 2026, 40 days from now; PBNV runs to Oct 31, 2026, 40 days. DDTN can still gain 1.8% before its cap, PBNV 1.3%. A fall from here reaches DDTN’s buffer after 10.6% and PBNV’s after 9.2%. 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
| Window | Total return | Gap to the reference | ||
|---|---|---|---|---|
| DDTN | PBNV | DDTN | PBNV | |
| 3 months | +2.4% | +2.5% | +0.2 pts | +0.3 pts |
| 6 months | +11.8% | +10.1% | −6.2 pts | −8.0 pts |
| 1 year | not published | +10.1% | not published | −6.5 pts |
| DDTN Innovator Equity Dual Directional 10 Buffer ETF - Nov Absorbs the first 10% of loss on SPY and caps the gain at 13.8%, over a period ending Oct 31, 2026 | PBNV PGIM S&P 500 Buffer 20 ETF - November Absorbs the first 20% of loss on SPY and caps the gain at 11.5%, over a period ending Oct 31, 2026 | |
|---|---|---|
| Issuer | Innovator | PGIM |
| Reference index | SPY | SPY |
| Buffer | 10% | 20% |
| Outcome period | Oct 31, 2025 to Oct 31, 2026 | Nov 1, 2025 to Oct 31, 2026 |
| Days left | 40 | 40 |
| Starting cap | +13.8% | +11.5% |
| Can still gain | 1.8% | 1.3% |
| Fall before buffer | 10.6% | 9.2% |
| Protection left, index points | 10.0% of 10.0% | 20.0% of 20.0% |
| Index return this period | +13.5% | +13.4% |
| Fund return this period | +11.0% | +9.6% |
| State today | Open | At cap |
| Expense ratio | 0.79% | 0.50% |
| Net assets | $35m | $36m |
DDTN in plain words
From its price on Sep 21, 2026, the fund can gain about 1.8% more before it reaches its cap. The fund's price can fall 10.6% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 11.9% 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. 40 days remained on Sep 21, 2026. On Oct 31, 2026 the period ends and a new cap is set.
PBNV in plain words
SPY had already risen past this fund's cap of +11.5% for the period on Sep 21, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 1.3% as the period runs out. The fund's price can fall 9.2% from here before the buffer starts absorbing losses, by the issuer's figure. Protection left, in index points: 20.0% of the 20.0% buffer still sits below today's SPY level.
Questions people ask
- Which has more room to gain, DDTN or PBNV?
- From their prices on Sep 21, 2026, DDTN can gain about 1.8% before its cap and PBNV about 1.3%, so DDTN has more room left this period.
- Which resets first, DDTN or PBNV?
- DDTN ends its outcome period on Oct 31, 2026 and PBNV on Oct 31, 2026. A new cap is set the day after each.
- Which is cheaper, DDTN or PBNV?
- DDTN charges 0.79% a year and PBNV charges 0.50%, so PBNV 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, DDTN against PBNV, data as of Sep 21, 2026. https://etfiq.com/compare/buffer/ddtn-vs-pbnv Free to use with attribution; the underlying files are at Open data.