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Launched · SEC filings

Innovator Growth-100 Dual Directional 5 Buffer ETF

DDNQCboeC

$20.93−0.02 (−0.10%)

As of Oct 13, 2026, 3:46 PM

C42/ 100

Rank 10 of 12 in Nasdaq-100 Buffer 9-12%

C42/100Rank 10 of 12inNasdaq-100 Buffer 9-12%
Intraday session: down, 11 prints from 20.95 to 20.93. Range 20.87 to 20.93. Use the arrow keys to read each point.20.8820.9020.9220.9410 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$28M
1Y total return
—
Yield · Last 12 months
—
Holdings
4
Avg volume · 30D
0M sh
NAV per share
$20.92
52W range
low $18.36high $22.44
Launched
Filings
SEC EDGAR

The ETF.net DDNQ Grade

Based on 5 of 6 pillars

C

Score 42 out of 100

Category
Nasdaq-100 Buffer 9-12%⁠
Rank
10 of 12
Six-pillar profile for DDNQ. Scores out of 100: Cost 45, Risk 39, Mission 78, Tradability 40, Holdings not scored, Durability 41. Strongest: Mission (78). Weakest: Risk (39). Based on 5 of 6 pillars.

Score 42 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C45 out of 100
    Rank 6 of 12

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A78 out of 100
    Rank 3 of 4

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D39 out of 100
    Rank 10 of 12

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C40 out of 100
    Rank 8 of 12

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C41 out of 100
    Rank 10 of 12

Our read on DDNQ

ETF.net Research

CMost Nasdaq-100 buffer funds only cushion small drops. DDNQ is built to get paid for them: if its Nasdaq-100 reference dips within the 5% buffer, that decline can register as a positive return, with the upside capped and the terms reset each quarter.

Stated mandate

The Fund seeks capital appreciation through a defined-outcome strategy based on the Invesco QQQ Trust, Series 1. It seeks positive returns when the reference ETF rises or falls modestly, while applying an upside cap and a 5% loss buffer for larger declines.

Why people hold it

  1. 01The dual directional twist: per the prospectus, a modest decline in the reference ETF can count as a positive return, up to the 5% buffer, instead of just being absorbed.innovatoretfs.com
  2. 02Outcome periods run a quarter at a time, so cap and buffer terms are reset four times a year rather than locked in annually.innovatoretfs.com
  3. 03Defined-outcome math inside a plain 1940 Act ETF on QQQ, not a bank-issued structured note.
  4. 04The 0.79% expense ratio lands right at the median for Nasdaq-100 buffer funds, so the unusual payoff shape does not come with an above-group fee.

Worth knowing

  1. 01The buffer is 5%, thin next to the 12% and full-protection options in the group. Past a 5% drop over the period, further losses pass through.
  2. 02Upside is capped every period, and the cap is set anew at each reset, so a big Nasdaq-100 run gets clipped. The stated outcomes assume you hold a full period.innovatoretfs.com
  3. 03Cheaper ways into this cohort exist (PBQQ at 0.50%, the Calamos funds at 0.69%), and DDNQ launched in 2026, so it is early in building assets and trading depth.

DDNQ Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
4
Top-10 weight
113%
Largest holding
Qqq 12/31/2026 1.83 C100.0%

Sectors

  • Technology60.1%
  • Communication12.7%
  • Consumer Discretionary10.1%
  • Consumer Staples5.7%
  • Industrials5.1%
  • Health Care3.8%
  • Utilities1.0%
  • Materials0.9%
  • Energy0.5%
  • Financials0.2%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Qqq 12/31/2026 1.83 C99.97%373$28M1
002—Qqq 12/31/2026 695.38 P6.96%1,865$2M1
003—Qqq 12/31/2026 739.76 P5.75%746$2M1
004—Us Bank Mmda - Usbgfs 9 09/01/20370.14%39,793$40K163

Showing 1–4 of 4 holdings

DDNQ Performance

Launched Jan 2, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
DDNQ$10,150
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. DDNQ $10,150. SPY $10,332. Use the arrow keys to read each point.$9,392$9,904$10,416Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for DDNQ. Periods over one year show the average yearly return.
PeriodDDNQ
Year to dateFund launched this year—
1 month+0.4%
3 months+1.5%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for DDNQ
YearReturn barDDNQ
2026 YTD+6.5%

Since listing, Jan 2, 2026

DDNQ in the news

Filtered to DDNQ · Nasdaq-100 Buffer 9-12% · Innovator

DDNQ Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Jan 2026. No distributions yet.

DDNQ Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Jan 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Jan 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Jan 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.45
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

DDNQ Cost

Expense ratio0.79%
  • The middle half of Nasdaq-100 Buffer 9-12% funds
  • Median 0.79%

5 of the 12 Nasdaq-100 Buffer 9-12% funds charge less.

DDNQ costs $79.00 a year on $10,000. The median Nasdaq-100 Buffer 9-12% fund costs $79.00.

Other funds in Nasdaq-100 Buffer 9-12%

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