- ISIN
- US45782C6802
- CUSIP
- 45782C680
- Issuer
- Innovator
- Inception Date
- Aug 1, 2019
- Region
- North America (U.S.)
- Category
- Defined Outcome
- Leveraged
- 1x (No leverage)
- Index Tracked
- Cboe S&P 500 15% Buffer Protect August Series Index
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $893M
Share Price Chart
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Performance
PAUG Performance Chart
Innovator U.S. Equity Power Buffer ETF - August (PAUG) is up 4.9% since the beginning of the year. PAUG is currently trading at $45 per share. Investors who bought $1,000 worth of PAUG shares 5 years ago would now be looking at an investment worth $1,551.
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Returns By Period
Innovator U.S. Equity Power Buffer ETF - August (PAUG) has returned 4.92% so far this year and 14.97% over the past 12 months.
Innovator U.S. Equity Power Buffer ETF - August
- 1D
- -0.04%
- 1M
- 1.57%
- YTD
- 4.92%
- 6M
- 5.53%
- 1Y
- 14.97%
- 3Y*
- 14.49%
- 5Y*
- 9.17%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
PAUG Monthly Returns History
Based on dividend-adjusted daily data since Aug 1, 2019, PAUG's average daily return is +0.04%, while the average monthly return is +0.77%. At this rate, an investment would double in approximately 7.5 years.
Historically, 66% of months were positive and 34% were negative. The best month was Apr 2020 with a return of +7.7%, while the worst month was Mar 2020 at -7.3%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, PAUG closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +5.5%, while the worst single day was Mar 16, 2020 at -8.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.76% | 0.00% | -1.97% | 4.63% | 1.43% | 0.09% | 4.92% | ||||||
| 2025 | 1.45% | -0.26% | -3.03% | -0.12% | 3.88% | 3.21% | 2.00% | 1.26% | 1.63% | 0.64% | 0.49% | 0.70% | 12.34% |
| 2024 | 1.05% | 3.14% | 1.73% | -1.67% | 3.33% | 1.56% | 0.85% | 1.55% | 1.26% | -0.45% | 2.89% | -0.72% | 15.37% |
| 2023 | 3.60% | -1.36% | 1.83% | 0.85% | -0.03% | 4.91% | 3.21% | -0.75% | -2.85% | -1.26% | 5.64% | 3.03% | 17.71% |
| 2022 | -1.56% | -1.34% | 2.23% | -4.17% | 0.48% | -2.10% | 2.49% | -2.33% | -5.43% | 4.75% | 3.19% | -2.74% | -6.85% |
| 2021 | -0.75% | 1.33% | 1.74% | 0.73% | 0.34% | 0.22% | 0.27% | 1.05% | -1.65% | 2.74% | -0.67% | 2.06% | 7.58% |
Benchmark Metrics
Innovator U.S. Equity Power Buffer ETF - August has an annualized alpha of 1.67%, beta of 0.50, and R2 of 0.89 versus S&P 500 Index. Calculated based on daily prices since August 02, 2019.
- This ETF participated in 49.35% of S&P 500 Index downside but only 47.00% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.50 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
- 1.67%
- Beta
- 0.50
- R²
- 0.89
- Upside Capture
- 47.00%
- Downside Capture
- 49.35%
Expense Ratio
PAUG has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PAUG ranks 85 for risk / return — in the top 85% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Innovator U.S. Equity Power Buffer ETF - August (PAUG) and compare them to S&P 500 Index.
| PAUG | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.69 | 2.24 | +0.45 |
Sortino ratioReturn per unit of downside risk | 3.99 | 3.07 | +0.92 |
Omega ratioGain probability vs. loss probability | 1.58 | 1.41 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 3.80 | 2.93 | +0.87 |
Martin ratioReturn relative to average drawdown | 20.75 | 13.52 | +7.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Innovator U.S. Equity Power Buffer ETF - August provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.33% |
Monthly Dividends
The table displays the monthly dividend distributions for Innovator U.S. Equity Power Buffer ETF - August. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
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. Equity Power Buffer ETF - August. 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. Equity Power Buffer ETF - August was 17.88%, occurring on Mar 16, 2020. Recovery took 84 trading sessions.
The current Innovator U.S. Equity Power Buffer ETF - August drawdown is 0.06%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -17.88%Mar 2020 | 24d | 4mo 1d | 4mo 25dFeb 2020 - Jul 2020 |
Bear market2022 | -11.76%Oct 2022 | 9mo 9d | 8mo 4d | 1y 5moJan 2022 - Jun 2023 |
2025 selloff2025 | -10.45%Apr 2025 | 1mo 17d | 1mo 26d | 3mo 13dFeb 2025 - Jun 2025 |
2023 pullback2023 | -5.71%Oct 2023 | 2mo 27d | 24d | 3mo 21dAug 2023 - Nov 2023 |
2026 pullback2026 | -3.96%Mar 2026 | 1mo 2d | 10d | 1mo 12dFeb 2026 - Apr 2026 |
Drawdown Indicators
| PAUG | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.88% | -56.78% | +38.90% |
Max Drawdown (1Y)Largest decline over 1 year | -3.96% | -9.10% | +5.14% |
Max Drawdown (3Y)Largest decline over 3 years | -10.45% | -18.90% | +8.45% |
Max Drawdown (5Y)Largest decline over 5 years | -11.76% | -25.43% | +13.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.06% | -0.74% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -1.81% | -10.72% | +8.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 1.97% | -1.25% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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