DDSQ ETF — Innovator Equity Dual Directional 5 Buffer ETF - Quarterly

Innovator Equity Dual Directional 5 Buffer ETF - Quarterly (DDSQ)

Updated October 16, 2026.

DDSQ is an ETF. its expense ratio is 0.79%. Total return is 12.2% over the past 0.8 years, 0.4 points behind SPY at 12.6%.

Innovator Equity Dual Directional 5 Buffer ETF - Quarterly is an ETF that invests at least 80% of its assets in the SPDR S&P 500 ETF Trust, employing options strategies to provide downside buffer protection while maintaining exposure to large-cap U.S. equities. The fund does not have an established distribution schedule. With an expense ratio of 0.79%, it appeals to equity investors seeking a structured approach to downside risk management within a core U.S. stock holding.

DDSQ performance versus SPY

Price and return data through 2026-10-16.

Total return is 12.2% over the past 0.8 years, 0.4 points behind SPY at 12.6%.

DDSQ key facts

Issuer

Innovator ETFs

Asset type

ETF

Asset class

Equity

Inception date

12/31/2025

Expense ratio

0.79%

Distribution frequency

None

Last close

$21.47 (as of 2026-10-16)

AUM

$97,565,316

Average volume

7494.0

Beta

0.4708

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.

DDSQ risks and drawbacks

Total return has trailed SPY over the available window.

Who may consider DDSQ — and who may not

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

• All tickers starting with D

Tagged: Downside Protection, Options, Target.

Frequently asked questions

More securities from Innovator ETFs.