DDFYInnovator Equity Dual Directional 15 Buffer ETF - May
Seeks capital appreciation and buffered returns against Underlying ETF losses over the Outcome Period.
By Innovator ETFs · Launched 2026
0.79%
#4,209 of 5,853 · expensive
$76M
#3,236 of 5,853 · mid-size
N/A
4 months
#5,399 of 5,853 · 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 1 holdings = 101.6% 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 and buffered returns against Underlying ETF losses over the Outcome Period.
- Strategy
- Invests primarily in instruments providing exposure to the Underlying ETF, aiming for capital appreciation and buffered returns. Seeks to replicate the Underlying ETF's performance while providing positive returns regardless of market direction, subject to the Upside Cap and Inverse Performance Threshold.
- Inception date
- April 30, 2026
- 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 2026-08-02