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DDTN vs DLAG

Innovator Equity Dual Directional 10 Buffer ETF - November

DDTNBCboe

FT Vest U.S. Equity Dual Directional Buffer ETF - August

DLAGCCboe

Overlap

0.0%by weight

Expense ratio

DDTN −0.06pt a year

DDTN0.79%DLAG0.85%

Avg volume · 30D

DDTN 2.1×the volume

DDTN11.6KDLAG5.47K

DDTN vs DLAG Performance

Dec 31, 2025 – Oct 30, 2026

+9.0%DDTN+7.4%DLAG

Dec 31, 2025 to Oct 30, 2026. DDTN +9.0%. DLAG +7.4%. Use the arrow keys to read each point.−2.5%0%2.5%5%Dec 2025Jun 2026Oct 2026
Expense ratio
DDTN 0.79%, better
DLAG 0.85%
Fund size
DDTN $31M
DLAG $20M
1Y total return
DDTN No data
DLAG +8.8%
Holdings
DDTN 5
DLAG 4
Avg volume (30D)
DDTN 11.6K sh, better
DLAG 5.47K sh
NAV per share
DDTN $20.87
DLAG $33.66
52W range

ETF.net Grade

DDTN: Cost 68, Risk 24, Mission not scored, Tradability 52, Holdings 58, Durability 67. DLAG: Cost 21, Risk 53, Mission not scored, Tradability 63, Holdings not scored, Durability 65.
Pillar letters and Scores for DDTN, DLAG, with each pillar’s weight
PillarDDTNDLAG
Cost30% weightB68HigherF21
Mission25% weightNot scoredNot scored
Risk15% weightF24C53Higher
Tradability15% weightC52B63Higher
Holdings10% weightB58Not scored
Durability5% weightB67HigherB65

Rank among S&P 500 Dual Directional, 9-12% Buffer funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DDTN and DLAG are both graded against the same 9 S&P 500 Dual Directional, 9-12% Buffer funds, so their Grades compare head to head.

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

Category · 9 funds
See all 9 ›

DDTN ranks 3rd and DLAG 6th of 9 funds in the S&P 500 Dual Directional, 9-12% Buffer Category.

  1. Rank 1BDDFZInnovator Equity Dual Directional 15 Buffer ETF - JuneScore 62
  2. Rank 2BDDTDInnovator Equity Dual Directional 10 Buffer ETF - DecemberScore 57
  3. Rank 3BDDTNInnovator Equity Dual Directional 10 Buffer ETF - NovemberScore 53
  4. Rank 4CDDTJInnovator Equity Dual Directional 10 Buffer ETF - JanuaryScore 52
  5. Rank 5CDDTFInnovator Equity Dual Directional 10 Buffer ETFScore 48
  6. Rank 6CDLAGFT Vest U.S. Equity Dual Directional Buffer ETF - AugustScore 41
  7. Rank 7DDLFEFT Vest U.S. Equity Dual Directional Buffer ETF - FebruaryScore 38

Our read on each fund

ETF.net Research

DDTNBInnovator Equity Dual Directional 10 Buffer ETF - November

DLAGCFT Vest U.S. Equity Dual Directional Buffer ETF - August

In short

DDTN Most 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.

DLAG No data

Stated mandate

DDTN 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.

DLAG No data

Why people hold it

  • DDTN 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

DLAG No data

Worth knowing

  • DDTN 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.

DLAG No data

Full DDTN profile⁠

Full DLAG profile⁠

DDTN vs DLAG Holdings

How DDTN and DLAG differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of DDTN and 0.0% of DLAG.

Level by level

  • Holdings0 in both0.0%
  • Countryby domicile100%

Sector

No Sector split for DLAG.

Country, concentration and asset class

Country by domicile

Country weights in DDTN and DLAG, widest gap first
CountryMore in DDTNMore in DLAG
United StatesSame weight
SwitzerlandSame weight
ChinaSame weight
MexicoSame weight
IrelandSame weight
United KingdomSame weight

Concentration

Weight in the 10 largest Holdings

  • DDTN142.0%
  • DLAG117.6%

Securities held

  • DDTN5
  • DLAG3

Asset class

DDTN
Equity
DLAG
Multi-Asset

Holdings

  • Only in DDTN5
  • In both0
  • Only in DLAG3

Only in DDTN

5 securities, 100% of DDTN by weight

  • Vanguard S&P 500 ETF98.84%
  • Voo 10/29/2027 618.38 P29.46%
  • Voo 10/29/2027 694.85 P10.92%

Only in DLAG

3 securities, 100% of DLAG by weight

  • 2027-08-20 State Street® SPDR® S&P 500® ETF Trust C 7.6996.84%
  • 2027-08-20 State Street® SPDR® S&P 500® ETF Trust P 765.7510.29%
  • 2027-08-20 State Street® SPDR® S&P 500® ETF Trust P 670.049.31%

Weight gaps

DDTN and DLAG share no securities.

All 7 DDTN holdings⁠All 5 DLAG holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DDTN vs DLAG Cost

Overpaying DLAG vs DDTN

$1,025

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

  • DDTN 0.79%

    $15,174

  • DLAG 0.85%

    $16,199

$10,000
30 years

Cost over time

  • DDTN 0.79%
  • DLAG 0.85%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530DLAG $16,199DDTN $15,174

Year by year

YearDDTNDLAGOverpaying
10$1,405$1,508$103
20$5,331$5,706$375
30$15,174$16,199$1,025

Expense ratio

  • 0.79%DDTN, cheaper
  • 0.85%DLAG
  • Middle half of S&P 500 Dual Directional, 9-12% Buffer funds
  • Median 0.79%

DDTN cheapest of 9 funds

DLAG 6th cheapest of 9 funds

DDTN vs DLAG Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
DDTN None
DLAG None

Distribution history

DDTNAll DDTN payments⁠

No distribution history available.

DLAGAll DLAG payments⁠

No distribution history available.

DDTN vs DLAG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
DDTN No dataDLAG 5.6%since Oct 2025
Return per unit of riskSharpe ratio, 3 years
DDTN No dataDLAG 0.87since Oct 2025
Worst fallMax drawdown, 5 years
DDTN No dataDLAG −4.2%since Sep 2025
Market sensitivityBeta, 5 years
DDTN 0.55DLAG 0.42

DDTN and DLAG in the news

All news⁠

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