DDTOInnovator Equity Dual Directional 10 Buffer ETF - October
Seeks to provide capital appreciation by participating in positive returns of the Underlying ETF up to the Upside Cap and buffered returns against losses exceeding the Inverse Performance Threshold.
By Innovator ETFs · Launched 2025
0.79%
#4,047 of 5,562 · expensive
$32M
#4,003 of 5,562 · small
N/A
9 months
#4,813 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 = 100.1% 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 to provide capital appreciation by participating in positive returns of the Underlying ETF up to the Upside Cap and buffered returns against losses exceeding the Inverse Performance Threshold.
- Strategy
- Invests primarily in the State Street 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, offering capital appreciation up to an Upside Cap of 12.53% and buffered returns against losses exceeding 10%. The Fund's strategy is designed to deliver these Outcomes based on the Underlying ETF's performance, with no guarantee of success in achieving them.
- Inception date
- September 30, 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