DDTJInnovator Equity Dual Directional 10 Buffer ETF - January
Seeks capital appreciation by participating in positive returns of the Underlying ETF up to an upside cap and providing buffered returns against losses up to 10% during the Outcome Period.
By Innovator ETFs · Launched 2025
0.79%
#4,047 of 5,562 · expensive
$24M
#4,239 of 5,562 · small
N/A
6 months
#5,144 of 5,562 · 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 weightConcentration
Top 6 holdings = 100.0% 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
Where to buy
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks capital appreciation by participating in positive returns of the Underlying ETF up to an upside cap and providing buffered returns against losses up to 10% during the Outcome Period.
- Strategy
- Invests primarily in the SPDR S&P 500 ETF Trust to provide capital appreciation and buffered returns. The Fund seeks to provide positive returns regardless of whether the Underlying ETF increases or decreases in value, subject to an upside cap and a buffer against losses exceeding 10%. The strategy is designed to produce outcomes based on the performance of the Underlying ETF over the Outcome Period, with specific provisions for positive returns matching losses up to the Inverse Performance Threshold and buffered returns beyond that threshold.
- 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 2026-06-19