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DDTDInnovator Equity Dual Directional 10 Buffer ETF - December

Grow my moneyNewRanked #2,507 of 2,992 in this goal

Seeks capital appreciation and buffered returns against losses of the SPDR S&P 500 ETF Trust over the Outcome Period.

By Innovator ETFs · Launched 2025

Annual Cost

0.79%

#4,208 of 5,854 · expensive

Fund Size

$28M

#4,201 of 5,854 · small

Return (1Y)Goal

N/A

Track Record

9 months

#4,923 of 5,854 · young

Performance

Total-return NAV · USD
Growth of $10,000
$10,768+7.7%

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

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Structured outcome

Index tracked

S&P 500 Index

What it actually holds

By weight

Concentration

Top 6 holdings = 100.1% of fundconcentrated

N/A
99.8%
N/A
15.2%
N/A
6.3%
US BANK MMDA - USBGFS 9
0.4%
N/A
-2.1%
N/A
-19.5%

Asset allocation

Stocks
99.8%
Cash
0.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
N/A
Max drawdown
-5.3%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks capital appreciation and buffered returns against losses of the SPDR S&P 500 ETF Trust over the Outcome Period.
Strategy
Invests primarily in FLEX Options to provide capital appreciation by participating in the positive price returns of the SPDR S&P 500 ETF Trust, with buffered returns against losses exceeding 10%. The strategy targets large-cap U.S. equities and aims for positive returns regardless of market direction, subject to specific caps and thresholds.
Inception date
November 28, 2025
Fund family
Innovator ETFs

Our take

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

Buffer
Warning

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 2026-08-03