# DDFL (Innovator Equity Dual Directional 15 Buffer ETF - Jul)

Innovator · Buffer ETFs · data as of Sep 21, 2026

As of Sep 21, 2026, DDFL is between its buffer and cap, with SPY up 3.6% since the period began.

## Key facts

- DDFL, can still gain: 8.3%, as of Sep 21, 2026.
- DDFL, fall before the buffer: 2.4%, as of Sep 21, 2026.
- DDFL, protection left, index points: 15.0%, as of Sep 21, 2026.
- DDFL, days to reset: 282, as of Sep 21, 2026.
- DDFL, net assets: $158m (issuer page, as of Sep 18, 2026).
- DDFL, expense ratio: 0.79% (issuer page, Sep 21, 2026).

## DDFL over each window to Sep 21, 2026

| Window | Total return | SPY | Gap to SPY |
| --- | --- | --- | --- |
| 3 months | +2.1% | +2.3% | −0.2 pts |
| 6 months | +5.5% | +18.0% | −12.6 pts |
| 1 year | +7.0% | +16.6% | −9.6 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | SPY | ETFIQ |
| Buffer | 15% | ETFIQ |
| Outcome period | Jun 30, 2026 to Jun 30, 2027 | ETFIQ |
| Starting cap | +10.9% | ETFIQ |
| SPY return since period start | +3.6% | ETFIQ |
| Fund return since period start | +2.3% | ETFIQ |
| Net assets | $158m | issuer page, as of Sep 18, 2026 |
| Band state today | Open | ETFIQ |
| Can still gain | 8.3% | issuer, fund price |
| Fall before buffer | 2.4% | issuer, fund price |
| Fall to the buffer in index terms | 3.5% | ETFIQ |
| Protection left in index points | 15.0% of 15.0% | ETFIQ |
| Days left in period | 282 | ETFIQ |
| Expense ratio | 0.79% | issuer page, Sep 21, 2026 |

## Questions

### How much can DDFL still gain?

About 8.3% from its price on Sep 21, 2026, before it reaches its cap, by the issuer's published figure. The cap for the period was set at +10.9%.

### How far can DDFL fall before the buffer helps?

2.4% in fund-price terms on Sep 21, 2026, by the issuer's figure. In index terms SPY can fall 3.5% from that level before the buffer begins. Losses until that point are the holder's.

### How much of the DDFL buffer is left?

15.0% of the 15.0% buffer sat below the SPY level on Sep 21, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.

### When does DDFL reset?

The outcome period ends on Jun 30, 2027, 282 days from the data on Sep 21, 2026. A new cap is set the next day and the buffer starts again.

### What does DDFL cost?

The prospectus expense ratio is 0.79% a year.


## Cite this page

ETFIQ, DDFL, data as of Sep 21, 2026. https://etfiq.com/funds/ddfl
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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