DDFN ETF — Innovator Equity Dual Directional 15 Buffer ETF November

Innovator Equity Dual Directional 15 Buffer ETF November (DDFN)

Updated October 16, 2026.

DDFN is an ETF. its expense ratio is 0.79%. Total return is 8.1% over the past year, 4.8 points behind SPY at 12.9%.

Innovator Equity Dual Directional 15 Buffer ETF November is an ETF that uses FLEX Options contracts on the SPDR S&P 500 ETF Trust to pursue a dual directional strategy with built-in downside protection. The fund does not have an established distribution schedule. With an expense ratio of 0.79%, this fund appeals to equity investors seeking structured exposure to the S&P 500 with defined risk parameters rather than traditional buy-and-hold strategies.

DDFN performance versus SPY

Price and return data through 2026-10-16.

Total return is 8.1% over the past year, 4.8 points behind SPY at 12.9%. Its deepest 1-year drawdown was 3.4%.

DDFN key facts

Issuer

Innovator ETFs

Asset type

ETF

Asset class

Equity

Inception date

10/31/2025

Expense ratio

0.79%

Distribution frequency

None

Last close

$20.60 (as of 2026-10-16)

AUM

$61,558,829

Average volume

13920.0

Beta

0.3572

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.

DDFN risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 3.4%.

Who may consider DDFN — and who may not

It is a weaker fit for investors who need monthly cash flow (DDFN 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 DDFN

• All tickers starting with D

Tagged: Downside Protection, Options, Target.

Frequently asked questions

More securities from Innovator ETFs.