DDFY ETF — Innovator Equity Dual Directional 15 Buffer ETF - May

Innovator Equity Dual Directional 15 Buffer ETF - May (DDFY)

Updated October 16, 2026.

DDFY is an ETF. its expense ratio is 0.79%. Total return is 3.8% over the past 0.5 years, 2.6 points behind SPY at 6.4%.

Innovator Equity Dual Directional 15 Buffer ETF - May is an ETF employing an options-based strategy designed to seek positive returns in both rising and falling markets over a defined outcome period, with a 15% downside buffer built in. The fund does not maintain a regular distribution schedule. With an expense ratio of 0.79%, this ETF appeals to investors seeking downside protection and defined-outcome strategies rather than traditional dividend or growth exposure.

DDFY performance versus SPY

Price and return data through 2026-10-16.

Total return is 3.8% over the past 0.5 years, 2.6 points behind SPY at 6.4%.

DDFY key facts

Issuer

Innovator ETFs

Asset type

ETF

Asset class

Equity

Inception date

04/30/2026

Expense ratio

0.79%

Distribution frequency

None

Last close

$20.52 (as of 2026-10-16)

AUM

$76,542,108

Average volume

3856.0

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.

DDFY risks and drawbacks

Total return has trailed SPY over the available window.

Who may consider DDFY — and who may not

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

• All tickers starting with D

Tagged: Downside Protection, Options, Target.

Frequently asked questions

More securities from Innovator ETFs.