DDTYInnovator Equity Dual Directional 10 Buffer ETF - May
Seeks capital appreciation by participating in positive returns of the Underlying ETF up to the Upside Cap and providing buffered returns against losses up to 15% over the Outcome Period.
By Innovator ETFs · Launched 2026
0.79%
#4,047 of 5,562 · expensive
$28M
#4,125 of 5,562 · small
N/A
2 months
#5,425 of 5,562 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundRisk 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 the Upside Cap and providing buffered returns against losses up to 15% over the Outcome Period.
- Strategy
- Invests primarily in assets providing exposure to the Underlying ETF, aiming for dual-direction positive returns regardless of the ETF's performance. If the ETF appreciates, the Fund seeks to provide returns up to the Upside Cap of 9.45% to 11.20%. If the ETF declines by less than or equal to 15%, the Fund aims to match the absolute value of losses, capped at 15%. The strategy is designed to deliver these outcomes over the Outcome Period, with no guarantee of success in achieving them.
- Inception date
- April 30, 2026
- 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
What's next?
You've reviewed DDTY. Save it to your watchlist to track it alongside the other funds you're weighing.
Data updated on 2026-06-20