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Launched

Innovator Equity Dual Directional 10 Buffer ETF - December

DDTDCboeInnovatorB

$20.72−0.09 (−0.43%)

As of Nov 2, 2026, 3:59 PM ET

B57/ 100

Rank 4 of 11 in S&P 500 Dual Directional, 9-12% Buffer

B57/100Rank 4 of 11inS&P 500 Dual Directional, 9-12% Buffer
Intraday session: down, 73 prints from 20.81 to 20.72. Range 20.72 to 20.88. Use the arrow keys to read each point.20.7520.7720.8520.8810 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$18M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
4
Avg volume · 30D
8.84K sh
52W range
low $18.30high $21.06
Launched

The ETF.net DDTD Grade

Based on 4 of 6 pillars

B

Score 57 out of 100

Category
S&P 500 Dual Directional, 9-12% Buffer⁠
Rank
4 of 11
Six-pillar profile for DDTD. Scores out of 100: Cost 68, Risk 53, Mission not scored, Tradability 43, Holdings not scored, Durability 54. Strongest: Cost (68). Weakest: Tradability (43). Based on 4 of 6 pillars.

Score 57 of 100 falls in the B 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.
    B68 out of 100
    Rank 1 of 11

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C53 out of 100
    Rank 5 of 11

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C43 out of 100
    Rank 8 of 11

  • 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.
    C54 out of 100
    Rank 7 of 11

Our read on DDTD

ETF.net Research

In short

BMost buffer funds only cushion a drop. This one aims to pay for a mild one: declines of up to 10% in its S&P 500 reference fund are designed to register as gains, deeper losses are buffered, and upside is capped for the year.

Stated mandate

The Fund seeks positive returns when its reference asset rises or falls within the specified inverse threshold, while limiting losses beyond that threshold through a defined buffer.

Why people hold it

  • Two-way by design: inside the 10-point zone, a fall in the reference fund is built to show up as a positive return, not merely a smaller loss.
  • The 10% buffer and the upside cap are written into the fund's documents at the start of each 12-month outcome period, so the rules are known going in, then reset.
  • 0.79% a year, level with the dual-directional pack and below FT Vest's DLNV at 0.85%.
  • December is one door into a monthly series (DDTN, DDTJ, DDTF), so entry dates can be staggered instead of pinned to a single start month.

Worth knowing

  • The cap is the price of the buffer: market gains above it in a strong year do not pass through, and the level is reset each period.
  • Buffer and cap are measured from the outcome period's start date. Buy mid-period and the terms you actually own differ from the stated ones.
  • Protection stops at the 10-point buffer; declines past it pass through. It is also a young, small fund that has traded thinly, which can mean wider spreads.

DDTD Holdings

Asset class
Stocks
Holdings
4
Top-10 weight
102%
Largest holding
Spy 11/30/2026 6.87 C99.9%

Sectors

  • Technology38.7%
  • Financials11.8%
  • Health Care9.9%
  • Communication9.1%
  • Consumer Discretionary9.0%
  • Industrials7.4%
  • Consumer Staples4.8%
  • Energy3.8%
  • Utilities2.0%
  • Real Estate1.8%
  • Materials1.5%

Geography

  • United States99.53%
  • Switzerland0.26%
  • China0.10%
  • Mexico0.05%
  • Ireland0.03%
  • United Kingdom0.03%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataSpy 11/30/2026 6.87 C99.86%243$18.2M1
2No dataSpy 11/30/2026 608.22 P0.98%2,430$179K1
3No dataSpy 11/30/2026 683.43 P0.55%486$101K1
4No dataUs Bank Mmda - Usbgfs 9 09/01/20370.55%99,793$99.8K163

Showing 1–4 of 4 holdings

DDTD Performance

Launched Dec 1, 2025

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.
DDTD$10,836
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,169
Dec 31, 2025 to Oct 30, 2026. DDTD $10,836. SPY $11,169. Use the arrow keys to read each point.$10,000$11,000Dec 2025Jun 2026Oct 2026

Dec 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 DDTD. Periods over one year show the average yearly return.
PeriodDDTD
Year to date+8.4%
1 month−0.4%
3 months+1.3%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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 DDTD
YearReturn barDDTD
2026 YTD+8.4%
2025+0.8%

Since listing, Dec 1, 2025

DDTD in the news

DDTD 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 30, 2026.
No dataLast 12 months
Payout per share
No dataLast 12 months

Listed Dec 2025. No distributions yet.

DDTD Risk

Risk pillarC53 out of 100Rank 5 of 11 in S&P 500 Dual Directional, 9-12% Buffer
How much the fund’s monthly returns vary, scaled to a year.
Launched Dec 2025; 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 Dec 2025; 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 Dec 2025; 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.
0.54
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.

FMP measures it over up to five years of monthly returns.

DDTD Cost

Tied cheapest in S&P 500 Dual Directional, 9-12% Buffer

$15,174

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DDTD 0.79%

    $15,174

$10,000
30 years

Cost over time

  • DDTD 0.79%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530DDTD $15,174

Year by year

YearDDTD
10$1,405
20$5,331
30$15,174

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