Innovator Growth-100 Power Buffer ETF (NAUG) belongs to the Defined Outcome category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with NAUG. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NAUG
NAUG charges 0.79% annually. There are 92 ETFs in the Defined Outcome category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | NAUG vs OCTB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | NAUG vs JULB | |
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | NAUG vs JANB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | NAUG vs APRB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | NAUG vs FBUF |
Best Risk-Adjusted Alternatives to NAUG
NAUG has a PortfoliosLab risk / return rank of 81. There are 162 ETFs in the Defined Outcome category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 99 | — | Mar 2025 | NAUG vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | 98 | — | Mar 2025 | NAUG vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 19.60M | Apr 2025 | NAUG vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 98 | — | Apr 2025 | NAUG vs ZAPR | |
| Innovator U.S. Equity Accelerated 9 Buffer ETF - A... | 98 | 134.85M | Mar 2021 | NAUG vs XBAP |
Top Performing NAUG Alternatives (YTD)
NAUG is at 7.44% YTD. There are 86 ETFs in the Defined Outcome category with higher YTD returns, going as high as 16.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leverage Shares 2x Capped Accelerated NVDA Monthly... | 16.35% | — | Aug 2025 | NAUG vs NVDO | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 13.70% | — | Jan 2025 | NAUG vs KFEB | |
| Innovator Russell 2000 Power Buffer ETF - April | 13.15% | 214.51M | Mar 2020 | NAUG vs KAPR | |
| FT Vest Emerging Markets Buffer ETF - March | 12.87% | — | Mar 2025 | NAUG vs TMAR | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 12.87% | 568.10M | Mar 2021 | NAUG vs QMAR |
Lowest Volatility Alternatives to NAUG
NAUG has 7.19% 1-year volatility. There are 193 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.15%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 1.15% | — | Mar 2025 | NAUG vs PMAP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 1.24% | — | Apr 2025 | NAUG vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.30% | — | Apr 2025 | NAUG vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.34% | 19.60M | Apr 2025 | NAUG vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 1.41% | — | Mar 2025 | NAUG vs MMAX |
Lowest Drawdown Alternatives to NAUG
NAUG has a 1-year max drawdown of -5.10%. There are 167 ETFs in the Defined Outcome category with shallower 1-year drawdowns, going as shallow as -0.35%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | -0.35% | — | Mar 2025 | NAUG vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 19.60M | Apr 2025 | NAUG vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | -0.40% | — | Apr 2025 | NAUG vs ZAPR | |
| iShares Large Cap Max Buffer Mar ETF | -0.46% | — | Mar 2025 | NAUG vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.60M | May 2024 | NAUG vs CPSM |
Other ETFs from Innovator
The 10 most viewed Innovator ETFs shown here include BALT, FFTY, BUFF and span 6 categories. AUM among these funds goes as high as $3B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Innovator Defined Wealth Shield ETF | Defined Outcome | 95 | 2.66% | 2.68B | Jun 2021 | NAUG vs BALT | |
| Innovator IBD 50 ETF | Large Cap Growth Equities | 26 | 15.54% | 89.40M | Apr 2015 | NAUG vs FFTY | |
| Innovator Laddered Allocation Power Buffer ETF | Defined Outcome | 89 | 6.28% | 891.58M | Oct 2016 | NAUG vs BUFF | |
| Innovator Equity Managed Floor ETF | Options Trading | 56 | 5.58% | 2.12B | Nov 2022 | NAUG vs SFLR | |
| Innovator Deepwater Frontier Tech ETF | Technology Equities | 63 | 23.47% | 221.95M | Jul 2018 | NAUG vs LOUP | |
| Innovator U.S. Equity Power Buffer ETF - January | Defined Outcome | 83 | 5.98% | 1.47B | Jan 2019 | NAUG vs PJAN | |
| Innovator U.S. Equity Accelerated Plus ETF | Leveraged Equities | 98 | 12.07% | 22.82M | Apr 2021 | NAUG vs XTAP | |
| Innovator U.S. Equity Buffer ETF - April | Defined Outcome | 97 | 11.65% | 404.39M | Mar 2019 | NAUG vs BAPR | |
| Innovator U.S. Equity Power Buffer ETF - July | Defined Outcome | 88 | 5.78% | 1.12B | Aug 2018 | NAUG vs PJUL | |
| Innovator Nasdaq-100 Managed Floor ETF | Nasdaq-100, Options Trading | 60 | 6.01% | 543.68M | Jan 2024 | NAUG vs QFLR |
Often Compared With NAUG
Investors most often compare NAUG with IAUG, KAUG, QQQ. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare NAUG with Any Fund or Stock
Compare NAUG with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NAUG with funds that move differently
Innovator Growth-100 Power Buffer ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NAUG.
Explore NAUG Diversifiers