Which has more room to gain, DDTN or PNOV?

From their prices on Nov 4, 2026, DDTN can gain about 14.4% before its cap and PNOV about 14.3%, so DDTN has more room left this period.

Which resets first, DDTN or PNOV?

DDTN ends its outcome period on Oct 31, 2027 and PNOV on Oct 31, 2027. A new cap is set the day after each.

Which is cheaper, DDTN or PNOV?

DDTN and PNOV 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

DDTN vs PNOV: Cap, Buffer & Days Left

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As of Nov 4, 2026 PNOV can fall 0.9% before its buffer engages and DDTN 0.9%.

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Net assets on Nov 4, 2026: $33m for Innovator Equity Dual Directional 10 Buffer ETF - Nov and $857m for Innovator U.S. Equity Power Buffer ETF - Nov.

DDTN on its own →PNOV on its own →

At a glance

0.9%

DDTN can fall this far before its buffer

0.9%

PNOV can fall this far before its buffer

14.4%

DDTN can still gain

14.3%

PNOV can still gain

DDTN Between buffer and cap

DDTN: reference +1.4% since period start, fund +0.9%; buffer 0 to −10; cap +15.4%; Between buffer and cap. Data to Nov 4, 2026.

PNOV Between buffer and cap

PNOV: reference +1.4% since period start, fund +0.9%; buffer 0 to −15; cap +15.3%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

Both cost 0.79% a year; their one-year returns differ by 0.2 points; PNOV is far larger, $857m against $33m.

Points (pts) are percentage points.

DDTN vs PNOV: Cap, Buffer & Days Left
Measure	DDTN	PNOV
Return
Measure	DDTN	PNOV
Total return, 1 year	+11.3%	+11.5%
Drawdown
Measure	DDTN	PNOV
Index fall to the buffer	1.4%
Benchmark
Measure	DDTN	PNOV
What it tracks	SPY	SPY
Cost and size
Measure	DDTN	PNOV
Expense ratio	0.79%	0.79%
Net assets	$33m	$857m
Holdings
Measure	DDTN	PNOV
Holdings in common	not published

Method

Window by window

Window by window: DDTN vs PNOV: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	DDTN	PNOV	DDTN	PNOV
3 months	+1.1%	+1.9%	+1.5 pts	+2.3 pts
6 months	+4.8%	+5.3%	+0.3 pts	+0.8 pts
1 year	+11.3%	+11.5%	−2.3 pts	−2.0 pts
3 years	–	+39.4%	–	−37.0 pts
Since launchNot the same days: DDTN Nov 2025 · PNOV Nov 2019	+10.9%	+79.5%	−1.3 pts	−71.0 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

DDTN Innovator Equity Dual Directional 10 Buffer ETF - Nov · Absorbs the first 10% of loss on SPY and caps the gain at 15.4%, over a period ending Oct 31, 2027 PNOV Innovator U.S. Equity Power Buffer ETF - Nov · Absorbs the first 15% of loss on SPY and caps the gain at 15.3%, over a period ending Oct 31, 2027

Issuer Innovator Innovator

Reference index SPY SPY

Buffer 10% 15%

Outcome period Oct 31, 2026 to Oct 31, 2027 Oct 31, 2026 to Oct 31, 2027

Days left 361 361

Starting cap +15.4% +15.3%

Can still gain 14.4% 14.3%

Fall before buffer 0.9% 0.9%

Protection left, index points 10.0% of 10.0% 15.0% of 15.0%

Index return this period +1.4% +1.4%

Fund return this period +0.9% +0.9%

State today Open Open

Expense ratio 0.79% 0.79%

Net assets $33m $857m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. PNOV 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.

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

Where each one stands today

DDTN resets first, on Oct 31, 2027, 361 days from now; PNOV runs to Oct 31, 2027, 361 days. DDTN can still gain 14.4% before its cap, PNOV 14.3%. A fall from here reaches DDTN’s buffer after 0.9% and PNOV’s after 0.9%. Both track SPY, so what separates them is where each is in its own period.

Alert

About each fund

DDTN

From its price on Nov 4, 2026, the fund can gain about 14.4% more before it reaches its cap. The fund's price can fall 0.9% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 1.4% 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. 361 days remained on Nov 4, 2026. On Oct 31, 2027 the period ends and a new cap is set.

PNOV

From its price on Nov 4, 2026, the fund can gain about 14.3% more before it reaches its cap. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, DDTN or PNOV?: From their prices on Nov 4, 2026, DDTN can gain about 14.4% before its cap and PNOV about 14.3%, so DDTN has more room left this period.
Which resets first, DDTN or PNOV?: DDTN ends its outcome period on Oct 31, 2027 and PNOV on Oct 31, 2027. A new cap is set the day after each.
Which is cheaper, DDTN or PNOV?: DDTN and PNOV both charge 0.79% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

DDTN vs FOCT DDTN vs GOCT DDTN vs DOCT DDTN vs BNOV PNOV vs XOCT PNOV vs NVBT PNOV vs UNOV PNOV vs ZNOV

Where to next

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

Sources and dates

DDTN and PNOV filings on SEC EDGAR ↗

Innovator page for DDTN ↗

Innovator page for PNOV ↗

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, DDTN against PNOV, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/ddtn-vs-pnov

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