DDFD ETF — Innovator Equity Dual Directional 15 Buffer ETF - December

Innovator Equity Dual Directional 15 Buffer ETF - December (DDFD)

Updated October 16, 2026.

DDFD is an ETF. its expense ratio is 0.79%. Total return is 7.3% over the past 0.9 years, 6.1 points behind SPY at 13.4%.

Innovator Equity Dual Directional 15 Buffer ETF - December is an ETF that uses FLEX Options on the SPDR S&P 500 ETF Trust to pursue a structured equity strategy designed to provide defined outcomes. The fund does not currently distribute income, with an expense ratio of 0.79%. This product appeals to investors seeking equity exposure with defined risk parameters rather than traditional dividend income.

DDFD performance versus SPY

Price and return data through 2026-10-16.

Total return is 7.3% over the past 0.9 years, 6.1 points behind SPY at 13.4%. Its deepest 1-year drawdown was 3.1%.

DDFD key facts

Issuer

Innovator ETFs

Asset type

ETF

Asset class

Equity

Inception date

11/28/2025

Expense ratio

0.79%

Distribution frequency

None

Last close

$20.41 (as of 2026-10-16)

AUM

$95,607,164

Average volume

9652.0

Beta

0.3353

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Innovator ETFs; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

DDFD risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 3.1%.

Who may consider DDFD — and who may not

It is a weaker fit for investors who need monthly cash flow (DDFD does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on DDFD

• All tickers starting with D

Tagged: Downside Protection, Options, Target.

Frequently asked questions

More securities from Innovator ETFs.