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%
#4,215 of 5,861 · expensive
$32M
#4,094 of 5,861 · small
N/A
4 months
#5,399 of 5,861 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 1 holdings = 100.4% 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
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 funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
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 2026-08-04