# DDSQ (Innovator Equity Dual Directional 5 Buffer ETF - Quarterly)

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

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

## Key facts

- DDSQ, past the cap, price drift left: 0.5%, as of Sep 21, 2026.
- DDSQ, fall before the buffer: 3.0%, as of Sep 21, 2026.
- DDSQ, protection left, index points: 5.0%, as of Sep 21, 2026.
- DDSQ, days to reset: 9, as of Sep 21, 2026.
- DDSQ, net assets: $90m (issuer page, as of Sep 18, 2026).
- DDSQ, expense ratio: 0.79% (issuer page, Sep 21, 2026).

## DDSQ over each window to Sep 21, 2026

| Window | Total return | SPY | Gap to SPY |
| --- | --- | --- | --- |
| 3 months | +2.2% | +2.3% | −0.1 pts |
| 6 months | +12.9% | +18.0% | −5.1 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | SPY | ETFIQ |
| Buffer | 5% | ETFIQ |
| Outcome period | Jun 30, 2026 to Sep 30, 2026 | ETFIQ |
| Starting cap | +3.6% | ETFIQ |
| SPY return since period start | +3.6% | ETFIQ |
| Fund return since period start | +2.9% | ETFIQ |
| Net assets | $90m | issuer page, as of Sep 18, 2026 |
| Band state today | At cap | ETFIQ |
| Can still gain | 0.5% | issuer, fund price |
| Fall before buffer | 3.0% | issuer, fund price |
| Fall to the buffer in index terms | 3.5% | ETFIQ |
| Protection left in index points | 5.0% of 5.0% | ETFIQ |
| Days left in period | 9 | ETFIQ |
| Expense ratio | 0.79% | issuer page, Sep 21, 2026 |

## Questions

### How much can DDSQ still gain?

Nothing more in index terms on Sep 21, 2026. SPY has already passed the cap of +3.6% for this period, which runs from Jun 30, 2026 to Sep 30, 2026.

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

3.0% 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 DDSQ buffer is left?

5.0% of the 5.0% 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 DDSQ reset?

The outcome period ends on Sep 30, 2026, 9 days from the data on Sep 21, 2026. A new cap is set the next day and the buffer starts again.

### What does DDSQ cost?

The prospectus expense ratio is 0.79% a year.


## Cite this page

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

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