Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

DDTO vs SIXO: which one stands where?

As of Sep 21, 2026 DDTO can fall 11.2% before its buffer engages and SIXO 8.0%, and DDTO resets 1 days sooner.

Innovator Equity Dual Directional 10 Buffer ETF - Oct and AllianzIM U.S. Equity Buffer10 ETF - Apr.

11.2%DDTO can fall this far before its buffer
8.0%SIXO can fall this far before its buffer
0.0%DDTO can still gain
0.1%SIXO can still gain
DDTOAt its cap
10 pts of buffer+12.5% gain captured−10.0% floor0% period start+12.5% capTODAY · SPY +16.2%10 pts+12.5%−10.0% floor0% start+12.5% capTODAY · SPY +16.2%
SIXOAt its cap
10 pts of buffer+8.7% gain captured−10.0% floor0% period start+8.7% capTODAY · SPY +19.0%10 pts+8.7%−10.0% floor0% start+8.7% capTODAY · SPY +19.0%

These are two different products. SIXO is a floor fund, which caps how far a holder can fall. DDTO 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

DDTO resets first, on Sep 30, 2026, 9 days from now; SIXO runs to Sep 30, 2026, 10 days. DDTO can still gain 0.0% before its cap, SIXO 0.1%. A fall from here reaches DDTO’s buffer after 11.2% and SIXO’s after 8.0%. 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

DDTO and SIXO over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnGap to the reference
DDTOSIXODDTOSIXO
3 months+2.9%+2.1%+0.7 pts−0.1 pts
6 months+11.7%+8.0%−6.4 pts−10.0 pts
1 yearnot published+8.0%not published−8.6 pts
3 yearsnot published+30.1%not published−48.3 pts
Open the live comparison on ETFIQ
DDTO and SIXO on the same fields, as of Sep 21, 2026. Source: ETFIQ.
DDTO
Innovator Equity Dual Directional 10 Buffer ETF - Oct
Absorbs the first 10% of loss on SPY and caps the gain at 12.5%, over a period ending Sep 30, 2026
SIXO
AllianzIM U.S. Equity Buffer10 ETF - Apr
Absorbs the first 10% of loss on SPY and caps the gain at 8.7%, over a period ending Sep 30, 2026
IssuerInnovatorAllianzIM
Reference indexSPYSPY
Buffer10%10%
Outcome periodSep 30, 2025 to Sep 30, 2026Apr 1, 2026 to Sep 30, 2026
Days left910
Starting cap+12.5%+8.7%
Can still gain0.0%0.1%
Fall before buffer11.2%8.0%
Protection left, index points10.0% of 10.0%10.0% of 10.0%
Index return this period+16.2%+19.0%
Fund return this period+11.7%+8.2%
State todayAt capAt cap
Expense ratio0.79%0.74%
Net assets$28m$119m

DDTO in plain words

SPY had already risen past this fund's cap of +12.5% 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 0.0% as the period runs out. The fund's price can fall 11.2% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 13.9% 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. 9 days remained on Sep 21, 2026. On Sep 30, 2026 the period ends and a new cap is set.

SIXO in plain words

SPY had already risen past this fund's cap of +8.7% 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 0.1% as the period runs out. The fund's price can fall 8.0% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 16.0% from today's level to the point where the buffer begins. 10 days remained on Sep 21, 2026.

Questions people ask

Which has more room to gain, DDTO or SIXO?
From their prices on Sep 21, 2026, DDTO can gain about 0.0% before its cap and SIXO about 0.1%, so SIXO has more room left this period.
Which resets first, DDTO or SIXO?
DDTO ends its outcome period on Sep 30, 2026 and SIXO on Sep 30, 2026. A new cap is set the day after each.
Which is cheaper, DDTO or SIXO?
DDTO charges 0.79% a year and SIXO charges 0.74%, so SIXO 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.

DDTO against SIXO, ETFIQ, data as of Sep 21, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, DDTO against SIXO, data as of Sep 21, 2026. https://etfiq.com/compare/buffer/ddto-vs-sixo Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources