AUGZ vs. EAPR
AUGZ (TrueShares Structured Outcome (August) ETF) and EAPR (Innovator Emerging Markets Power Buffer ETF - April) are both Defined Outcome funds - AUGZ tracks the S&P 500 Index while EAPR tracks the MSCI Emerging Markets. Both are passively managed. Over the past 5 years, AUGZ returned 10.83%/yr vs 5.15%/yr for EAPR. A 0.58 correlation means they provide meaningful diversification when combined. AUGZ charges 0.79%/yr vs 0.89%/yr for EAPR.
Performance
AUGZ vs. EAPR - Performance Comparison
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Returns By Period
In the year-to-date period, AUGZ achieves a 8.27% return, which is significantly lower than EAPR's 11.39% return.
AUGZ
- 1D
- -0.55%
- 1M
- 4.32%
- YTD
- 8.27%
- 6M
- 8.18%
- 1Y
- 20.84%
- 3Y*
- 16.37%
- 5Y*
- 10.83%
- 10Y*
- —
EAPR
- 1D
- -0.45%
- 1M
- 2.01%
- YTD
- 11.39%
- 6M
- 12.25%
- 1Y
- 22.07%
- 3Y*
- 10.62%
- 5Y*
- 5.15%
- 10Y*
- —
AUGZ vs. EAPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AUGZ TrueShares Structured Outcome (August) ETF | 8.27% | 13.49% | 17.99% | 17.32% | -10.41% | 14.53% |
EAPR Innovator Emerging Markets Power Buffer ETF - April | 11.39% | 14.80% | 2.86% | 8.19% | -5.01% | -2.80% |
Correlation
The correlation between AUGZ and EAPR is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2021 | 0.58 |
The correlation between AUGZ and EAPR has been stable across timeframes, ranging from 0.57 to 0.59 - a consistent structural relationship.
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Return for Risk
AUGZ vs. EAPR — Risk / Return Rank
AUGZ
EAPR
AUGZ vs. EAPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (August) ETF (AUGZ) and Innovator Emerging Markets Power Buffer ETF - April (EAPR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AUGZ | EAPR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.84 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 7.33 | -4.44 |
| Martin ratioReturn relative to average drawdown | 12.46 | 42.15 | -29.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AUGZ | EAPR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 3.06 | -0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.51 | +0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 0.54 | +0.54 |
Drawdowns
AUGZ vs. EAPR - Drawdown Comparison
The maximum AUGZ drawdown since its inception was -15.67%, smaller than the maximum EAPR drawdown of -17.65%. Use the drawdown chart below to compare losses from any high point for AUGZ and EAPR.
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Drawdown Indicators
| AUGZ | EAPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.67% | -17.65% | +1.98% |
Max Drawdown (1Y)Largest decline over 1 year | -7.23% | -3.02% | -4.21% |
Max Drawdown (3Y)Largest decline over 3 years | -14.52% | -10.24% | -4.28% |
Max Drawdown (5Y)Largest decline over 5 years | -15.67% | -17.65% | +1.98% |
Current DrawdownCurrent decline from peak | -0.55% | -0.45% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -3.11% | -4.06% | +0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 0.52% | +1.16% |
Volatility
AUGZ vs. EAPR - Volatility Comparison
The current volatility for TrueShares Structured Outcome (August) ETF (AUGZ) is 2.60%, while Innovator Emerging Markets Power Buffer ETF - April (EAPR) has a volatility of 3.79%. This indicates that AUGZ experiences smaller price fluctuations and is considered to be less risky than EAPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AUGZ | EAPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 3.79% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 7.25% | 6.28% | +0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.50% | 7.24% | +2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.97% | 10.09% | +1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.10% | 10.02% | +2.08% |
AUGZ vs. EAPR - Expense Ratio Comparison
AUGZ has a 0.79% expense ratio, which is lower than EAPR's 0.89% expense ratio.
Dividends
AUGZ vs. EAPR - Dividend Comparison
AUGZ's dividend yield for the trailing twelve months is around 3.35%, while EAPR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AUGZ TrueShares Structured Outcome (August) ETF | 3.35% | 3.63% | 4.08% | 3.42% | 0.41% |
EAPR Innovator Emerging Markets Power Buffer ETF - April | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AUGZ and EAPR have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EAPR has higher volatility (3.79%) compared to AUGZ (2.60%). In terms of maximum drawdown, AUGZ dropped -15.67% vs EAPR's -17.65%.
On 5-year performance, AUGZ leads with 10.83% vs 5.15% for EAPR. On fees, AUGZ is cheaper at 0.79% per year. On volatility, AUGZ has been the lower-risk option at 2.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AUGZ has performed better with a 10.83% return vs 5.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AUGZ is cheaper with a 0.79% expense ratio, compared with 0.89% for EAPR.
AUGZ has the higher dividend yield at 3.35%, compared with 0.00% for EAPR.
AUGZ tracks S&P 500 Index, while EAPR tracks MSCI Emerging Markets. They also come from different issuers: TrueShares and Innovator. Their fees differ too: 0.79% for AUGZ and 0.89% for EAPR.
EAPR currently has the higher Sharpe Ratio (3.06 vs 2.21), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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