Innovator Equity Dual Directional 10 Buffer ETF - November
$21.25+0.01 (+0.06%)
- 0.79%
- $32M
- 0M sh
- $21.25
- low $18.34high $21.24
The ETF.net DDTN Grade
B
Score 58 out of 100
- 3 of 11
Score 58 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.D38 out of 100Rank 9 of 11Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B57 out of 100Rank 4 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.B66 out of 100Rank 1 of 11
Our read on DDTN
BMost buffer ETFs just cushion a drop. DDTN tries to pay you for one: if SPY ends its November-to-November year down as much as 10%, that loss is designed to convert into a matching gain. Upside is capped, and a 10% buffer takes over past that point.
The Fund seeks positive returns in both rising markets and certain declining markets, with gains capped when the reference asset rises, positive returns when it falls within the inverse threshold, and loss protection beyond that threshold.
Why people hold it
- The down-is-up twist: a SPY decline of up to 10% over the outcome period is designed to show up as a positive return of the same size, not just a cushioned loss.innovatoretfs.com
- Past that threshold, the trade flips to defense: the fund seeks to absorb the first 10% of SPY losses, with anything deeper taken one for one.innovatoretfs.com
- At 0.79% it matches its Innovator siblings DDTD, DDTJ and DDTF, and undercuts FT Vest's November dual directional fund, DLNV, at 0.85%.
- November-dated: the year's terms are struck in November rather than January (DDTJ) or December (DDTD), and the fund resets automatically at each period end.innovatoretfs.com
Worth knowing
- The cap and buffer apply to a full November-to-November period. Buy mid-period and your own cap and remaining buffer differ from the headline terms.innovatoretfs.com
- The cap resets each November and can land higher or lower. In a strong rally, gains stop at the cap while SPY keeps running.innovatoretfs.com
- Launched in late 2025, it is one of the newer names in the series, and lightly traded funds can carry wider spreads than the biggest buffer ETFs.
DDTN Holdings
- Stocks
- 4
- 101%
- Spy 10/30/2026 6.86 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%
DDTN 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.
DDTN$11,079
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 | DDTN |
|---|---|
| Year to date | +10.8% |
| 1 month | +1.7% |
| 3 months | +3.3% |
| 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 | DDTN |
|---|---|---|
| 2026 YTD | +10.8% | |
| 2025 | +1.0% |
DDTN in the news
DDTN Dividends
Listed Nov 2025. No distributions yet.
DDTN 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.
- 0.55
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
DDTN Cost
0.79%
DDTN0.79%
- 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 —
- BDDTDInnovator Equity Dual Directional 10 Buffer ETF - DecemberExpense 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%