# DDFM (Innovator Equity Dual Directional 15 Buffer ETF - Mar)

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

As of Sep 21, 2026, DDFM has reached its cap.

## Key facts

- DDFM, past the cap, price drift left: 3.3%, as of Sep 21, 2026.
- DDFM, fall before the buffer: 5.9%, as of Sep 21, 2026.
- DDFM, protection left, index points: 15.0%, as of Sep 21, 2026.
- DDFM, days to reset: 160, as of Sep 21, 2026.
- DDFM, net assets: $45m (issuer page, as of Sep 18, 2026).
- DDFM, expense ratio: 0.79% (issuer page, Sep 21, 2026).

## DDFM over each window to Sep 21, 2026

| Window | Total return | SPY | Gap to SPY |
| --- | --- | --- | --- |
| 3 months | +1.8% | +2.3% | −0.4 pts |
| 6 months | +7.3% | +18.0% | −10.7 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | SPY | ETFIQ |
| Buffer | 15% | ETFIQ |
| Outcome period | Feb 28, 2026 to Feb 28, 2027 | ETFIQ |
| Starting cap | +9.8% | ETFIQ |
| SPY return since period start | +12.8% | ETFIQ |
| Fund return since period start | +5.8% | ETFIQ |
| Net assets | $45m | issuer page, as of Sep 18, 2026 |
| Band state today | At cap | ETFIQ |
| Can still gain | 3.3% | issuer, fund price |
| Fall before buffer | 5.9% | issuer, fund price |
| Fall to the buffer in index terms | 11.4% | ETFIQ |
| Protection left in index points | 15.0% of 15.0% | ETFIQ |
| Days left in period | 160 | ETFIQ |
| Expense ratio | 0.79% | issuer page, Sep 21, 2026 |

## Questions

### How much can DDFM still gain?

Nothing more in index terms on Sep 21, 2026. SPY has already passed the cap of +9.8% for this period, which runs from Feb 28, 2026 to Feb 28, 2027.

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

5.9% in fund-price terms on Sep 21, 2026, by the issuer's figure. In index terms SPY can fall 11.4% from that level before the buffer begins. Losses until that point are the holder's.

### How much of the DDFM 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 DDFM reset?

The outcome period ends on Feb 28, 2027, 160 days from the data on Sep 21, 2026. A new cap is set the next day and the buffer starts again.

### What does DDFM cost?

The prospectus expense ratio is 0.79% a year.


## Cite this page

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

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