Innovator Equity Dual Directional 10 Buffer ETF - December
$21.05−0.01 (−0.05%)
- 0.79%
- $18M
- 0M sh
- $21.07
- low $18.30high $21.06
The ETF.net DDTD Grade
B
Score 56 out of 100
- 5 of 11
Score 56 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 100Rank 1 of 11Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C47 out of 100Rank 7 of 11Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C44 out of 100Rank 7 of 11Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B55 out of 100Rank 7 of 11
Our read on DDTD
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.
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
- Stocks
- 4
- 103%
- Spy 11/30/2026 6.87 C
Sectors
- Technology40.9%
- Financials11.1%
- Communication9.7%
- Health Care9.0%
- Consumer Discretionary8.8%
- Industrials7.6%
- Consumer Staples4.3%
- Energy3.4%
- Utilities1.9%
- Real Estate1.7%
- Materials1.5%
DDTD Performance
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$10,997
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.
| Period | DDTD |
|---|---|
| Year to date | +10.0% |
| 1 month | +1.2% |
| 3 months | +2.9% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | DDTD |
|---|---|---|
| 2026 YTD | +10.0% | |
| 2025 | +0.8% |
DDTD in the news
DDTD Dividends
Listed Dec 2025. No distributions yet.
DDTD Risk
- —
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.
- —
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.
- —
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.
- 0.54
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
DDTD Cost
0.79%
DDTD0.79%
- The middle half of S&P 500 Dual Directional, 9-12% Buffer funds
- Median 0.79%
No S&P 500 Dual Directional, 9-12% Buffer fund charges less.
Other funds in S&P 500 Dual Directional, 9-12% Buffer
- BDDFZInnovator ETFs Trust - Innovator Equity Dual Directional 15 Buffer ETF - JuneExpense ratio 0.79%1 year return —
- BDDTNInnovator Equity Dual Directional 10 Buffer ETF - NovemberExpense ratio 0.79%1 year return —
- CDDTJInnovator Equity Dual Directional 10 Buffer ETF - JanuaryExpense ratio 0.79%1 year return —
- CDDTFInnovator Equity Dual Directional 10 Buffer ETFExpense ratio 0.79%1 year return —
- CDLAGFirst Trust Exchange-Traded Fund VIII - FT Vest U.S. Equity Dual Directional Buffer ETF - AugustExpense ratio 0.85%1 year return +12.4%