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DDTF

GradeCChicago Board Options Exchange

Innovator Equity Dual Directional 10 Buffer ETF

Dual Directional · Innovator · Inception 2026-02-02 · SEC filings

$20.82+0.00 (+0.00%)

As of Sep 23, 2026, 9:46 AM EDT

Market opens at 9:30 AM ET.History starts Feb 2, 2026.History starts Feb 2, 2026.
Intraday session: up, 10 prints from 20.56 to 20.82. Range 20.56 to 20.82. Use the arrow keys to read each point.$20.60$20.70Sep 17Sep 18Sep 21Sep 22Sep 23
Expense ratio
0.79%
Fund size
$18M
1Y return
—
Yield · Last 12 months
—
Holdings
7
Volume · 30D
0M sh
NAV per share
$20.69
52W range
low $18.28high $20.82

The ETF.net DDTF Grade

C

50/ 100

Rank 7 of 11 in S&P 500 Dual Directional, 9-12% Buffer⁠

Confidence Medium

Six-pillar profile for DDTF. Scores out of 100: Cost 68, Risk 35, Mission not scored, Tradability 35, Holdings not scored, Durability 42. Strongest: Cost (68). Weakest: Tradability (35). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 50 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 68
    Category rank4/11 · top 36%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 35
    Category rank9/11 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 35
    Category rank9/11 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 42
    Category rank10/11 · bottom quartile

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on DDTF

ETF.net Research

CMost buffered funds only cushion a drop. This one aims to pay you for a mild one: if the S&P 500 ends the period modestly down, the fund targets that decline as a gain, with a 10% buffer and capped upside. February is its reset month.

Stated mandate

The fund uses a defined outcome strategy seeking positive returns when its reference asset rises or falls within a specified inverse-performance threshold, while buffering losses beyond that threshold up to the stated buffer.

Why people hold it

  1. 01Dual direction: tracks the S&P 500 up 1:1 to a cap, and if the reference finishes the period down within the inverse threshold, it seeks a positive return equal to that decline.sec.govglobenewswire.com
  2. 02A 10% buffer sits underneath, absorbing the first slice of losses over a full outcome period, before fees and expenses.innovatoretfs.com
  3. 03The 0.79% fee sits at the middle of the dual directional pack and below FT Vest's DLNV at 0.85%.
  4. 04Built from FLEX options settled through the Options Clearing Corporation inside a 1940 Act ETF, not a note riding on one bank's balance sheet.sec.gov

Worth knowing

  1. 01The outcomes are engineered for holders across the full February 1 to January 31 period. Buy mid-period and your personal cap and remaining buffer differ from the stated terms.sec.gov
  2. 02The cap is reset each February off option pricing at the time, so the trade between upside room and protection shifts from one period to the next.sec.gov
  3. 03It is a small, lightly traded fund holding options rather than dividend payers, so no income stream. Sibling months (DDTD, DDTN, DDTJ) run the same recipe at the same fee.

DDTF Holdings

As of Sep 22, 2026, 10:01 PM
Asset class
Stocks
Holdings
7
Top-10 weight
109%
Largest holding
SPY 01/29/2027 6.98 C102.5%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—SPY 01/29/2027 6.98 C102.53%244$19M1
002—SPY 01/29/2027 615.85 P4.28%2,440$778K1
003—SPY 01/29/2027 692.03 P1.91%488$347K1
004—US BANK MMDA - USBGFS 9 09/01/20370.35%63,697$64K161

Showing 1–4 of 4 holdings

DDTF Performance

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

DDTF$10,310
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. DDTF $10,310. SPY $10,415. Use the arrow keys to read each point.$9,741$10,122$10,502Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 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 DDTF. Periods over one year show the average yearly return.
PeriodDDTF
Year to dateFund launched this year—
1 month+1.0%
3 months+3.1%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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 DDTF
YearReturn barDDTF
2026 YTD+7.6%

Since listing, Feb 2, 2026

DDTF in the news

ETF.net Research hasn’t filed on DDTF yet — coverage lands here as it’s written.

DDTF 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 Sep 22, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Feb 2026. No distributions yet.

DDTF Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Feb 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 Feb 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 Feb 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.
0.54
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.

DDTF Cost

Expense ratio0.79%
  • 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.

DDTF costs $79.00 a year on $10,000. The median S&P 500 Dual Directional, 9-12% Buffer fund costs $79.00.