# DDFY (Innovator Equity Dual Directional 15 Buffer ETF - May)

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

As of Sep 21, 2026, DDFY is between its buffer and cap, with SPY up 7.7% since the period began.

## Key facts

- DDFY, can still gain: 5.7%, as of Sep 21, 2026.
- DDFY, fall before the buffer: 4.3%, as of Sep 21, 2026.
- DDFY, protection left, index points: 15.0%, as of Sep 21, 2026.
- DDFY, days to reset: 221, as of Sep 21, 2026.
- DDFY, net assets: $76m (issuer page, as of Sep 18, 2026).
- DDFY, expense ratio: 0.79% (issuer page, Sep 21, 2026).

## DDFY over each window to Sep 21, 2026

| Window | Total return | SPY | Gap to SPY |
| --- | --- | --- | --- |
| 3 months | +1.9% | +2.3% | −0.3 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | SPY | ETFIQ |
| Buffer | 15% | ETFIQ |
| Outcome period | Apr 30, 2026 to Apr 30, 2027 | ETFIQ |
| Starting cap | +10.5% | ETFIQ |
| SPY return since period start | +7.7% | ETFIQ |
| Fund return since period start | +4.2% | ETFIQ |
| Net assets | $76m | issuer page, as of Sep 18, 2026 |
| Band state today | Open | ETFIQ |
| Can still gain | 5.7% | issuer, fund price |
| Fall before buffer | 4.3% | issuer, fund price |
| Fall to the buffer in index terms | 7.1% | ETFIQ |
| Protection left in index points | 15.0% of 15.0% | ETFIQ |
| Days left in period | 221 | ETFIQ |
| Expense ratio | 0.79% | issuer page, Sep 21, 2026 |

## Questions

### How much can DDFY still gain?

About 5.7% 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 +10.5%.

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

4.3% in fund-price terms on Sep 21, 2026, by the issuer's figure. In index terms SPY can fall 7.1% from that level before the buffer begins. Losses until that point are the holder's.

### How much of the DDFY 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 DDFY reset?

The outcome period ends on Apr 30, 2027, 221 days from the data on Sep 21, 2026. A new cap is set the next day and the buffer starts again.

### What does DDFY cost?

The prospectus expense ratio is 0.79% a year.


## Cite this page

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

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