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DDTJ

GradeCChicago Board Options Exchange

Innovator Equity Dual Directional 10 Buffer ETF - January

Dual Directional · Innovator · Inception 2026-01-02

$20.66+0.00 (+0.00%)

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

History starts Jan 2, 2026.History starts Jan 2, 2026.
Intraday session: flat, 2 prints from 20.66 to 20.66. Range 20.57 to 20.66. Use the arrow keys to read each point.$20.56$20.60$20.6410 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$18M
1Y return
—
Yield · Last 12 months
—
Holdings
6
Volume · 30D
0M sh
NAV per share
$20.54
52W range
low $18.22high $20.65

The ETF.net DDTJ Grade

C

53/ 100

Rank 6 of 11 in S&P 500 Dual Directional, 9-12% Buffer⁠

Confidence Medium

Six-pillar profile for DDTJ. Scores out of 100: Cost 68, Risk 47, Mission not scored, Tradability 35, Holdings not scored, Durability 44. Strongest: Cost (68). Weakest: Tradability (35). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 53 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 rank5/11 · top 45%

  • 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.
    CScore 47
    Category rank8/11 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 35
    Category rank10/11 · 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 44
    Category rank9/11 · bottom quartile

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

Our read on DDTJ

ETF.net Research

CBuffer funds cushion a drop. This one can pay you for it: if the S&P 500 ETF it references ends the outcome period down within 10%, the fund aims to turn that decline into a gain. Past that, a 10% buffer takes over, and upside is capped.

Stated mandate

The Fund seeks positive returns in both rising markets and certain declining markets. It can capture gains up to a cap, provide positive returns within an inverse performance threshold, and limit losses beyond that threshold.

Why people hold it

  1. 01Down can mean up: a decline within 10% over the outcome period is what the fund seeks to convert into a positive return of the same size, before fees.sec.gov
  2. 02If losses run past the threshold, the inverse payoff switches off and the buffer switches on: the fund seeks returns 10% less than the underlying S&P 500 ETF's loss.sec.gov
  3. 03Fees run 0.79%, the same sticker as the December and November siblings (DDTD, DDTN) and below the 0.85% FT Vest dual-directional alternative (DLNV).
  4. 04Clean calendar plumbing: the outcome period runs January 1 to December 31, then resets, so shares can be held across periods without rolling anything yourself.innovatoretfs.com

Worth knowing

  1. 01It's a cliff, not a slope: if the decline exceeds the threshold at period end, the inverse gains are forfeited and the buffered outcome applies instead.sec.gov
  2. 02Upside is capped, and a new cap is set at each reset, so it can rise or fall. Buy mid-period and your own cap and remaining buffer differ from the stated terms.sec.gov
  3. 03A 2026 launch, small and lightly traded, which makes the bid-ask spread a real part of the cost of getting in and out.

DDTJ Holdings

As of Sep 22, 2026, 10:01 PM
Asset class
Stocks
Holdings
6
Top-10 weight
108%
Largest holding
SPY 12/31/2026 6.87 C103.3%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—SPY 12/31/2026 6.87 C103.28%244$19M1
002—SPY 12/31/2026 606.91 P2.77%2,440$499K1
003—SPY 12/31/2026 681.97 P1.27%488$229K1
004—US BANK MMDA - USBGFS 9 09/01/20370.26%47,194$47K161

Showing 1–4 of 4 holdings

DDTJ Performance

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

DDTJ$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. DDTJ $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 DDTJ. Periods over one year show the average yearly return.
PeriodDDTJ
Year to dateFund launched this year—
1 month+0.9%
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 DDTJ
YearReturn barDDTJ
2026 YTD+8.6%

Since listing, Jan 2, 2026

DDTJ in the news

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

DDTJ 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 Jan 2026. No distributions yet.

DDTJ 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.
0.51
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.

DDTJ 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.

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