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DDTFInnovator Equity Dual Directional 10 Buffer ETF - February

Stay safeGrow my moneyNewRanked #272 of 339 in this goal

Seeks capital appreciation by participating in positive returns of the Underlying ETF up to the Upside Cap and buffered returns against losses less than 10% over the Outcome Period.

By Innovator ETFs · Launched 2026

Annual Cost

0.79%

#4,065 of 5,584 · expensive

Fund Size

$19M

#4,396 of 5,584 · small

Dividend YieldGoal

Track Record

5 months

#5,216 of 5,584 · young

Performance

Total-return NAV · USD
Growth of $10,000
$10,507+5.1%

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

Asset allocation

Stocks
81.7%
Cash
18.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
N/A
Max drawdown
-5.4%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 by participating in positive returns of the Underlying ETF up to the Upside Cap and buffered returns against losses less than 10% over the Outcome Period.
Strategy
Invests primarily in the SPDR S&P 500 ETF Trust to provide dual-direction positive returns regardless of the Underlying ETF's performance over the Outcome Period. Seeks to replicate the Underlying ETF's performance, providing returns up to the Upside Cap if positive, or matching losses up to 10% if negative, subject to limitations. The Upside Cap is set at the start of the Outcome Period, expected between 12.51% and 13.76% before fees, and 11.72% to 12.97% after management fees.
Inception date
January 30, 2026
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 2026-06-22