Innovator Equity Dual Directional 15 Buffer ETF (DDFN)

For informational purposes only. Not financial advice.

Quick Answer

Innovator Equity Dual Directional 15 Buffer ETF (DDFN) has a last stored price of $20.55, as of the Oct 2, 2026 trading session. It has a 0.79% expense ratio and $111M in assets under management.

In the stored portfolio snapshot, the largest sector allocation is Technology at 33.1%.

Innovator Equity Dual Directional 15 Buffer ETF (DDFN) ETF — Price, Holdings & Analysis

ETF Overview

DDFN aims to provide investors with a buffered exposure to equity markets, seeking to participate in gains up to a certain cap while providing a buffer against a defined level of losses. This is achieved through a dual directional strategy. The fund's outcomes are only realized if shares are held from the beginning to the end of the outcome period. DDFN's sector allocation is heavily weighted towards Technology at 33.1%, followed by Financial Services at 12.3%, and Communication Services at 10.7%. Other significant sectors include Consumer Cyclical (10.1%), Healthcare (9.8%), and Industrials (8.7%). The fund's country exposure is entirely focused on 'Other' at 100.0%. With only 7 holdings, DDFN is not broadly diversified. This ETF may be suitable for investors seeking a specific risk-managed approach to equity investing, but it is crucial to understand the defined outcome period and the potential limitations on both gains and losses.

Risk Metrics

DDFN carries several risks that investors may want to research. The fund's concentrated portfolio, with only 7 holdings, increases its sensitivity to the performance of those specific assets. The significant allocation to the Technology sector (33.1%) exposes the fund to sector-specific risks. The expense ratio of 0.79% is relatively high, which can create a drag on performance, especially in lower-return environments. The fund's beta is 0.00, indicating very low volatility relative to the market, but this also reflects the buffered nature of the fund. Investors should be aware that the fund's defined outcome period means that returns outside of that period may not align with the fund's stated objectives. Past performance does not guarantee future results.

Beta: 0.00

Expense Ratio

0.79%

How Is the Fund Allocated?

Sector	Weight
Technology	33.1%
Financial Services	12.3%
Communication Services	10.7%
Consumer Cyclical	10.1%
Healthcare	9.8%
Industrials	8.7%
Consumer Defensive	5.4%
Energy	3.5%
Utilities	2.5%
Real Estate	2.0%
Basic Materials	1.9%

Country	Weight
Other	100.0%

Dividend Yield

0.00%

ARK Innovation ETF (ARKK) — 0.75% expense ratio
Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
WisdomTree Emerging Markets ESG Fund (DVEM) — 0.32% expense ratio
Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) — 0.59% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio

Innovator Emerging Markets Power Buffer ETF (EAPR) (Equity) — 0.89% expense ratio
Innovator U.S. Equity Buffer ETF (BSEP) (Equity) — 0.79% expense ratio
Innovator U.S. Equity Ultra Buffer ETF (UAUG) (Equity) — 0.79% expense ratio
Innovator Equity Dual Directional 10 Buffer ETF (DDTN) (Equity) — 0.79% expense ratio
Innovator U.S. Equity Accelerated 9 Buffer ETF (XBAP) (Equity) — 0.79% expense ratio
Innovator Power Buffer Step-Up Strategy ETF (PSTP) (Equity) — 0.89% expense ratio

Questions & Answers

What is DDFN and what does it track?

The Innovator Equity Dual Directional 15 Buffer ETF (DDFN) is an exchange-traded fund that seeks to provide a defined level of downside protection and upside participation over a specific outcome period. It does this through a dual directional strategy.

What is the expense ratio for DDFN?

The expense ratio for DDFN is 0.79%. This means that for every $10,000 invested in the fund, $79 is used to cover the fund's operating expenses.

While this provides the benefit of the fund's unique investment strategy, it is important to consider the impact of this expense on overall returns.

What are the top holdings in DDFN?

As of 2026-03-15, DDFN only has 7 holdings. The sector allocation provides insight into the fund's exposures. The top sectors include Technology (33.1%), Financial Services (12.3%), and Communication Services (10.7%).

These sectors collectively represent a significant portion of the fund's portfolio, indicating a concentrated exposure to these areas of the market. Their own risk tolerance and investment objectives may be worth researching before investing in DDFN.

Is DDFN a good long-term investment?

DDFN's suitability as a long-term investment depends on an investor's specific goals and risk tolerance. The fund's buffered strategy may appeal to those seeking to mitigate downside risk, but it also limits potential upside gains.

The expense ratio of 0.79% should be factored into long-term return expectations.

How does DDFN compare to similar ETFs?

DDFN differentiates itself with its dual directional strategy and defined outcome period. Compared to broad market equity ETFs, DDFN offers a buffered approach, limiting both potential gains and losses.

Other buffered ETFs may have different buffer levels, outcome periods, and underlying indexes.

Does DDFN pay dividends?

According to the available data, DDFN has a dividend yield of 0.00%. This indicates that the fund does not currently distribute dividends to its shareholders. Investors seeking income-generating investments may want to consider other ETFs with a higher dividend yield.

However, DDFN's primary objective is not income generation but rather to provide a buffered exposure to equity markets.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Data provided for informational purposes only.

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