- CUSIP
- 45783Y137
- Issuer
- Innovator
- Inception Date
- Jul 31, 2024
- Category
- Defined Outcome
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Highlights
- Avg. Volume (1M)
- 10K
- Avg. Volume Value (1M)
- $293.83K
Share Price Chart
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Performance
KAUG Performance Chart
Innovator U.S. Small Cap Power Buffer ETF (KAUG) is up 8.6% since the beginning of the year. KAUG is currently trading at $29 per share.
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Returns By Period
Innovator U.S. Small Cap Power Buffer ETF (KAUG) has returned 8.59% so far this year and 17.74% over the past 12 months.
Innovator U.S. Small Cap Power Buffer ETF
- 1D
- 0.10%
- 1M
- 0.56%
- 6M
- 6.47%
- YTD
- 8.59%
- 1Y
- 17.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.49%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
KAUG Monthly Returns History
Based on dividend-adjusted daily data since Aug 1, 2024, KAUG's average daily return is +0.03%, while the average monthly return is +0.63%. At this rate, an investment would double in approximately 9.2 years.
Historically, 67% of months were positive and 33% were negative. The best month was Nov 2024 with a return of +5.9%, while the worst month was Dec 2024 at -4.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, KAUG closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +5.4%, while the worst single day was Apr 3, 2025 at -3.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.00% | 0.55% | -1.48% | 4.61% | 1.25% | 0.81% | 0.65% | 8.59% | |||||
| 2025 | 1.78% | -3.17% | -3.04% | -1.01% | 2.64% | 1.80% | -0.49% | 3.48% | 1.60% | 0.75% | 0.90% | 0.38% | 5.52% |
| 2024 | -0.34% | 0.75% | -0.96% | 5.89% | -4.25% | 0.81% |
Benchmark Metrics
Innovator U.S. Small Cap Power Buffer ETF has an annualized alpha of -1.52%, beta of 0.56, and R2 of 0.73 versus S&P 500 Index. Calculated based on daily prices since August 01, 2024.
- This ETF participated in 64.47% of S&P 500 Index downside but only 47.61% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.56 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -1.52%
- Beta
- 0.56
- R²
- 0.73
- Upside Capture
- 47.61%
- Downside Capture
- 64.47%
Expense Ratio
KAUG has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
KAUG ranks 91 for risk / return — above 91% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Innovator U.S. Small Cap Power Buffer ETF (KAUG) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KAUG | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.25 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.21 | 2.00 | +2.20 |
| Martin ratioReturn relative to average drawdown | 17.09 | 8.49 | +8.60 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Innovator U.S. Small Cap Power Buffer ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Innovator U.S. Small Cap Power Buffer ETF was 15.66%, occurring on Apr 8, 2025. Recovery took 134 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-15.66%Apr 2025 | 4mo 13d | 6mo 15d | 10mo 28dNov 2024 - Oct 2025 | 2025 selloff2025 |
-5.61%Aug 2024 | 4d | 1mo 15d | 1mo 19dAug 2024 - Sep 2024 | — |
-3.94%Mar 2026 | 1mo 1d | 10d | 1mo 11dFeb 2026 - Apr 2026 | — |
-3.66%Nov 2025 | 23d | 8d | 1mo 1dOct 2025 - Nov 2025 | — |
-2.59%Nov 2024 | 3d | 10d | 13dNov 2024 - Nov 2024 | — |
Drawdown Indicators
| KAUG | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.66% | -56.78% | +41.12% |
Max Drawdown (1Y)Largest decline over 1 year | -3.94% | -9.10% | +5.16% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.58% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -2.69% | -10.70% | +8.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 2.14% | -1.17% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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