Data as of .
DDTY vs HMAY: which one stands where?
As of Sep 19, 2026 DDTY can fall 5.0% before its buffer engages and HMAY 5.0%.
These are two different products. HMAY is a floor fund, which caps how far a holder can fall. DDTY 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
DDTY resets first, on Apr 30, 2027, 224 days from now; HMAY runs to Apr 30, 2027, 224 days. A fall from here reaches DDTY’s buffer after 5.0% and HMAY’s after 5.0%. 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
| Window | Total return | Gap to the reference | ||
|---|---|---|---|---|
| DDTY | HMAY | DDTY | HMAY | |
| 3 months | +2.3% | +0.2% | +0.1 pts | −2.0 pts |
| DDTY Innovator Equity Dual Directional 10 Buffer ETF - May Absorbs the first 10% of loss on SPY and caps the gain at 14.6%, over a period ending Apr 30, 2027 | HMAY Corgi U.S. Equities 100% Structured Buffer ETF - May Series Absorbs the whole loss on SPY and caps the gain at 6.5%, over a period ending Apr 30, 2027 | |
|---|---|---|
| Issuer | Innovator | Corgi |
| Reference index | SPY | SPY |
| Buffer | 10% | 100% |
| Outcome period | Apr 30, 2026 to Apr 30, 2027 | May 1, 2026 to Apr 30, 2027 |
| Days left | 224 | 224 |
| Starting cap | +14.6% | +6.5% |
| Can still gain | 8.9% | not published |
| Fall before buffer | 5.0% | 5.0% |
| Protection left, index points | 10.0% of 10.0% | 100.0% of 100.0% |
| Index return this period | +6.0% | +5.3% |
| Fund return this period | +4.9% | +1.7% |
| State today | Open | Open |
| Expense ratio | 0.79% | 0.30% |
| Net assets | $35m | $2m |
DDTY in plain words
From its price on Sep 19, 2026, the fund can gain about 8.9% more before it reaches its cap. The fund's price can fall 5.0% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 5.7% 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. 224 days remained on Sep 19, 2026. On Apr 30, 2027 the period ends and a new cap is set.
HMAY in plain words
In index terms, SPY can fall 5.0% from today's level to the point where the buffer begins. Protection left, in index points: 100.0% of the 100.0% buffer still sits below today's SPY level.
Questions people ask
- Which resets first, DDTY or HMAY?
- DDTY ends its outcome period on Apr 30, 2027 and HMAY on Apr 30, 2027. A new cap is set the day after each.
- Which is cheaper, DDTY or HMAY?
- DDTY charges 0.79% a year and HMAY charges 0.30%, so HMAY 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, DDTY against HMAY, data as of Sep 19, 2026. https://etfiq.com/compare/buffer/ddty-vs-hmay Free to use with attribution; the underlying files are at Open data.