DDFJInnovator Equity Dual Directional 15 Buffer ETF - January
Seeks capital appreciation with buffered returns against losses of the SPDR S&P 500 ETF Trust.
By Innovator ETFs · Launched 2025
0.79%
#4,208 of 5,854 · expensive
$74M
#3,272 of 5,854 · mid-size
—
8 months
#5,051 of 5,854 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 6 holdings = 100.1% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsWorst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks capital appreciation with buffered returns against losses of the SPDR S&P 500 ETF Trust.
- Strategy
- Invests primarily in FLEX Options referencing the SPDR S&P 500 ETF Trust to provide capital appreciation and buffered returns against losses. Aims for positive returns regardless of the Underlying ETF's performance, subject to an upside cap of 8.96% and a buffer against losses exceeding 15%.
- Inception date
- December 31, 2025
- Fund family
- Innovator ETFs
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
You can build this cheaper yourself
Defined-outcome funds cap your gains (often 8% to 20%) in exchange for cushioning losses by 9% to 30%, priced with options. The fee runs about 0.70% or more, against 0.03% to 0.10% for a plain index fund. For most investors, a simple stock-and-bond mix gives similar protection for far less.
Sources: Morningstar, 'Buffer Funds Are on the Rise, but They May Not Make Sense for Most Investors' (2025)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-08-04