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BAUG vs. UAUG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

BAUG vs. UAUG

Last updated May 10, 2025

Compare and contrast key facts about Innovator U.S. Equity Buffer ETF - August (BAUG) and Innovator U.S. Equity Ultra Buffer ETF - August (UAUG).

BAUG and UAUG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BAUG is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 Buffer Protect Index August. It was launched on Aug 1, 2019. UAUG is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 30% (-5% to -35%) Buffer Protect August Series Index. It was launched on Aug 1, 2019. Both BAUG and UAUG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BAUG or UAUG.

Correlation

The correlation between BAUG and UAUG is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Performance

BAUG vs. UAUG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity Buffer ETF - August (BAUG) and Innovator U.S. Equity Ultra Buffer ETF - August (UAUG). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

BAUG:

0.73

UAUG:

0.64

Sortino Ratio

BAUG:

1.17

UAUG:

0.99

Omega Ratio

BAUG:

1.18

UAUG:

1.16

Calmar Ratio

BAUG:

0.75

UAUG:

0.63

Martin Ratio

BAUG:

3.19

UAUG:

2.48

Ulcer Index

BAUG:

3.22%

UAUG:

2.64%

Daily Std Dev

BAUG:

13.47%

UAUG:

9.74%

Max Drawdown

BAUG:

-24.19%

UAUG:

-13.91%

Current Drawdown

BAUG:

-5.14%

UAUG:

-4.34%

Returns By Period

In the year-to-date period, BAUG achieves a -2.08% return, which is significantly lower than UAUG's -1.86% return.

BAUG

YTD

-2.08%

1M

2.96%

6M

-2.55%

1Y

9.84%

5Y*

11.17%

10Y*

N/A

UAUG

YTD

-1.86%

1M

2.07%

6M

-2.19%

1Y

6.22%

5Y*

6.92%

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BAUG vs. UAUG - Expense Ratio Comparison

Both BAUG and UAUG have an expense ratio of 0.79%.

BAUG
Innovator U.S. Equity Buffer ETF - August
UAUG
Innovator U.S. Equity Ultra Buffer ETF - August

Risk-Adjusted Performance

BAUG vs. UAUG — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BAUG
The Risk-Adjusted Performance Rank of BAUG is 7676
Overall Rank
The Sharpe Ratio Rank of BAUG is 7373
Sharpe Ratio Rank
The Sortino Ratio Rank of BAUG is 7474
Sortino Ratio Rank
The Omega Ratio Rank of BAUG is 7979
Omega Ratio Rank
The Calmar Ratio Rank of BAUG is 7676
Calmar Ratio Rank
The Martin Ratio Rank of BAUG is 7777
Martin Ratio Rank
UAUG
The Risk-Adjusted Performance Rank of UAUG is 7070
Overall Rank
The Sharpe Ratio Rank of UAUG is 6767
Sharpe Ratio Rank
The Sortino Ratio Rank of UAUG is 6767
Sortino Ratio Rank
The Omega Ratio Rank of UAUG is 7474
Omega Ratio Rank
The Calmar Ratio Rank of UAUG is 7171
Calmar Ratio Rank
The Martin Ratio Rank of UAUG is 7070
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BAUG vs. UAUG - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - August (BAUG) and Innovator U.S. Equity Ultra Buffer ETF - August (UAUG). 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.

The current BAUG Sharpe Ratio is 0.73, which is comparable to the UAUG Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of BAUG and UAUG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

BAUG vs. UAUG - Dividend Comparison

Neither BAUG nor UAUG has paid dividends to shareholders.

TTM202420232022202120202019
BAUG
Innovator U.S. Equity Buffer ETF - August		0.00%0.00%0.00%0.00%0.00%0.00%0.00%
UAUG
Innovator U.S. Equity Ultra Buffer ETF - August		0.00%0.00%0.00%0.00%0.00%0.00%0.83%

Drawdowns

BAUG vs. UAUG - Drawdown Comparison

The maximum BAUG drawdown since its inception was -24.19%, which is greater than UAUG's maximum drawdown of -13.91%. Use the drawdown chart below to compare losses from any high point for BAUG and UAUG. For additional features, visit the drawdowns tool.

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Volatility

BAUG vs. UAUG - Volatility Comparison

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