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DDNQInnovator Growth-100 Dual Directional 5 Buffer ETF - Quarterly

Grow my moneyNewRanked #2,522 of 2,960 in this goal

Seeks capital appreciation by participating in positive returns of the Underlying ETF and providing buffered returns against losses exceeding the Inverse Performance Threshold.

By Innovator ETFs · Launched 2025

Annual Cost

0.79%

#4,047 of 5,562 · expensive

Fund Size

$26M

#4,169 of 5,562 · small

Return (1Y)Goal

N/A

Track Record

6 months

#5,144 of 5,562 · young

Performance

Total-return NAV · USD
Growth of $10,000
$10,497+5.0%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Structured outcome

Index tracked

Nasdaq-100 Index

What it actually holds

By weight

Concentration

Top 6 holdings = 100.0% of fundconcentrated

N/A
99.9%
N/A
6.1%
N/A
5.0%
US BANK MMDA - USBGFS 9
0.2%
N/A
-1.6%
N/A
-9.6%

Asset allocation

Stocks
100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
N/A
Max drawdown
-5.6%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks capital appreciation by participating in positive returns of the Underlying ETF and providing buffered returns against losses exceeding the Inverse Performance Threshold.
Strategy
Invests primarily in the Invesco QQQ Trust to provide capital appreciation and buffered returns. The Fund aims for positive returns regardless of the Underlying ETF's performance, with a cap on upside returns and a buffer against losses exceeding 5%. The strategy is designed to deliver outcomes based on the performance of the Nasdaq-100 Index over a three-month period, with returns that match losses up to the Inverse Performance Threshold and a buffer against larger losses.
Inception date
December 31, 2025
Fund family
Innovator ETFs

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Buffer
Warning

Buffer ETF — downside protection at a cost

Defined-outcome funds cap upside (typically 8–20%) in exchange for partial downside protection (9–30%), priced via options. Fees are materially higher than the underlying index (often 0.70%+ vs 0.03–0.10%). For most pre-retirees, a simple stock/bond mix achieves similar downside behaviour at a fraction of the cost.

Source: Morningstar, 'Defined-Outcome ETFs: Useful or Uneconomic?' (2023)

Why we flagged this: strategy=structured_outcome + structured_outcome_strategy

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 2026-06-19