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Launched

Innovator Equity Dual Directional 10 Buffer ETF - November

DDTNCboeInnovatorB

$20.86−0.03 (−0.16%)

As of Nov 2, 2026, 3:59 PM ET

B53/ 100

Rank 5 of 11 in S&P 500 Dual Directional, 9-12% Buffer

B53/100Rank 5 of 11inS&P 500 Dual Directional, 9-12% Buffer
Intraday session: down, 78 prints from 20.89 to 20.86. Range 20.84 to 21.05. Use the arrow keys to read each point.20.9521.0021.0510 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$31M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
5
Avg volume · 30D
11.6K sh
52W range
low $18.34high $21.35
Launched

The ETF.net DDTN Grade

Based on 5 of 6 pillars

B

Score 53 out of 100

Category
S&P 500 Dual Directional, 9-12% Buffer⁠
Rank
5 of 11
Six-pillar profile for DDTN. Scores out of 100: Cost 68, Risk 24, Mission not scored, Tradability 52, Holdings 58, Durability 67. Strongest: Cost (68). Weakest: Risk (24). Based on 5 of 6 pillars.

Score 53 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. The letter stays B for now. A new letter must hold for 3 published runs before it replaces it.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B68 out of 100
    Rank 1 of 11

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F24 out of 100
    Rank 10 of 11

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C52 out of 100
    Rank 5 of 11

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B58 out of 100
    Rank 2 of 5

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B67 out of 100
    Rank 1 of 11

Our read on DDTN

ETF.net Research

In short

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.

Stated mandate

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

Holdings pillarB58 out of 100Rank 2 of 5 in S&P 500 Dual Directional, 9-12% Buffer
Asset class
Stocks
Holdings
5
Top-10 weight
142%
Largest holding
VOO98.8%

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%

Geography

  • United States99.54%
  • Switzerland0.25%
  • China0.09%
  • Mexico0.06%
  • Ireland0.03%
  • United Kingdom0.03%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1VOOVanguard S&P 500 ETF98.84%44,516$30.9M66
2No dataVoo 10/29/2027 618.38 P29.46%4,541$9.22M1
3No dataVoo 10/29/2027 694.85 P10.92%908$3.42M1
4No dataUs Bank Mmda - Usbgfs 9 09/01/20372.63%822,368$822K163
5No dataVoo 10/29/2027 722.64 C0.12%8$36.5K1

Showing 1–5 of 5 holdings

DDTN Performance

Launched Nov 3, 2025

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$10,897
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,169
Dec 31, 2025 to Oct 30, 2026. DDTN $10,897. SPY $11,169. Use the arrow keys to read each point.$10,000$11,000Dec 2025Jun 2026Oct 2026

Dec 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 DDTN. Periods over one year show the average yearly return.
PeriodDDTN
Year to date+9.0%
1 month−0.3%
3 months+1.7%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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 DDTN
YearReturn barDDTN
2026 YTD+9.0%
2025+1.0%

Since listing, Nov 3, 2025

DDTN in the news

DDTN 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 Oct 30, 2026.
No dataLast 12 months
Payout per share
No dataLast 12 months

Listed Nov 2025. No distributions yet.

DDTN Risk

Risk pillarF24 out of 100Rank 10 of 11 in S&P 500 Dual Directional, 9-12% Buffer
How much the fund’s monthly returns vary, scaled to a year.
Launched Nov 2025; 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 Nov 2025; 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 Nov 2025; 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.
0.55
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.

FMP measures it over up to five years of monthly returns.

DDTN Cost

Tied cheapest in S&P 500 Dual Directional, 9-12% Buffer

$15,174

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DDTN 0.79%

    $15,174

$10,000
30 years

Cost over time

  • DDTN 0.79%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530DDTN $15,174

Year by year

YearDDTN
10$1,405
20$5,331
30$15,174

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