DDSQInnovator Equity Dual Directional 5 Buffer ETF
Seeks to provide capital appreciation by participating in positive returns of the Underlying ETF and buffered returns against losses less than 15% over the Outcome Period.
By Innovator ETFs · Launched 2025
0.79%
#4,052 of 5,568 · expensive
$59M
#3,419 of 5,568 · mid-size
—
6 months
#5,143 of 5,568 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat it actually holds
By weightAsset 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
Where to buy
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks to provide capital appreciation by participating in positive returns of the Underlying ETF and buffered returns against losses less than 15% over the Outcome Period.
- Strategy
- Invests primarily in investments providing exposure to the Underlying ETF, aiming for capital appreciation and buffered returns. Seeks to replicate the Underlying ETF's performance over the Outcome Period, providing positive returns regardless of the Underlying ETF's price movement, subject to limitations. If the Underlying ETF appreciates, the Fund provides positive performance limited by the Upside Cap (expected 9.56%-11.06% before fees). If the Underlying ETF decreases by ≤15%, the Fund matches losses up to 15% as Inverse Performance.
- Inception date
- December 31, 2025
- Fund family
- Innovator ETFs
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
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 2026-06-20