DDFO ETF — Innovator Equity Dual Directional 15 Buffer ETF - October

Innovator Equity Dual Directional 15 Buffer ETF - October (DDFO)

Updated October 16, 2026.

DDFO is an ETF. its expense ratio is 0.79%. Total return is 8.0% over the past year, 7.4 points behind SPY at 15.4%.

Innovator Equity Dual Directional 15 Buffer ETF - October is an ETF that provides exposure to the S&P 500 through the SPDR S&P 500 ETF Trust, with a structure designed to buffer losses while capping gains within a defined range during its annual outcome period. The fund does not currently distribute income to shareholders. With an expense ratio of 0.79%, it is designed for investors seeking defined-outcome equity strategies rather than traditional dividend income.

DDFO performance versus SPY

Price and return data through 2026-10-16.

Total return is 8.0% over the past year, 7.4 points behind SPY at 15.4%. Its deepest 1-year drawdown was 2.8%.

DDFO key facts

Issuer

Innovator ETFs

Asset type

ETF

Asset class

Equity

Inception date

09/30/2025

Expense ratio

0.79%

Distribution frequency

None

Last close

$22.96 (as of 2026-10-16)

AUM

$147,967,171

Average volume

111934.0

Beta

0.3004

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.

DDFO risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 2.8%.

Who may consider DDFO — and who may not

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

• All tickers starting with D

Tagged: Downside Protection, Options, Target.

Frequently asked questions

More securities from Innovator ETFs.