Innovator Equity Dual Directional 10 Buffer ETF - January
$20.77+0.01 (+0.02%)
- 0.79%
- $18M
- 0M sh
- $20.76
- low $18.22high $20.77
The ETF.net DDTJ Grade
C
Score 50 out of 100
- 6 of 11
Score 50 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.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.C43 out of 100Rank 8 of 11Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D27 out of 100Rank 10 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.C42 out of 100Rank 9 of 11
Our read on DDTJ
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.
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
- Down 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
- If 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
- Fees 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).
- Clean 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
- It'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
- Upside 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
- A 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
- Stocks
- 4
- 106%
- Spy 12/31/2026 6.87 C
Sectors
- Technology40.1%
- Financials11.3%
- Communication9.9%
- Health Care9.4%
- Consumer Discretionary8.7%
- Industrials7.6%
- Consumer Staples4.4%
- Energy3.4%
- Utilities1.9%
- Real Estate1.7%
- Materials1.6%
DDTJ 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.Not enough history yet.
DDTJ$10,280
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 | DDTJ |
|---|---|
| Year to date | — |
| 1 month | +1.3% |
| 3 months | +2.8% |
| 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 | DDTJ |
|---|---|---|
| 2026 YTD | +9.2% |
DDTJ in the news
DDTJ Dividends
Listed Jan 2026. No distributions yet.
DDTJ 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.
- 0.50
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
0.79%
DDTJ0.79%
- 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
- BDDTNInnovator Equity Dual Directional 10 Buffer ETF - NovemberExpense ratio 0.79%1 year return —
- BDDTDInnovator Equity Dual Directional 10 Buffer ETF - DecemberExpense 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%
- DDLFEFirst Trust Exchange-Traded Fund VIII - FT Vest U.S. Equity Dual Directional Buffer ETF - FebruaryExpense ratio 0.85%1 year return —