DAUG vs. KAPR

Last updated Jun 3, 2026

DAUG (FT Vest U.S. Equity Deep Buffer ETF - August) and KAPR (Innovator Russell 2000 Power Buffer ETF - April) are both Defined Outcome funds - DAUG tracks the S&P 500 while KAPR tracks the Russell 2000 Index. Both are passively managed. Over the past 5 years, DAUG returned 6.42%/yr vs 7.40%/yr for KAPR. A 0.72 correlation means they provide meaningful diversification when combined. DAUG charges 0.85%/yr vs 0.79%/yr for KAPR.

Performance

DAUG vs. KAPR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Deep Buffer ETF - August (DAUG) and Innovator Russell 2000 Power Buffer ETF - April (KAPR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DAUG achieves a 5.29% return, which is significantly lower than KAPR's 11.54% return.

DAUG

• 1D: 0.12%
• 1M: 1.73%
• YTD: 5.29%
• 6M: 5.95%
• 1Y: 15.63%
• 3Y*: 12.37%
• 5Y*: 6.42%
• 10Y*: —

KAPR

• 1D: 0.32%
• 1M: 2.04%
• YTD: 11.54%
• 6M: 12.83%
• 1Y: 24.44%
• 3Y*: 13.23%
• 5Y*: 7.40%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DAUG vs. KAPR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
DAUG FT Vest U.S. Equity Deep Buffer ETF - August	5.29%	11.75%	12.00%	13.85%	-11.95%	6.71%	19.70%
KAPR Innovator Russell 2000 Power Buffer ETF - April	11.54%	7.42%	12.10%	15.36%	-8.14%	2.48%	21.17%

Correlation

The correlation between DAUG and KAPR is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since Apr 2, 2020	0.72

The correlation between DAUG and KAPR has been stable across timeframes, ranging from 0.70 to 0.73 - a consistent structural relationship.

DAUG vs. KAPR - Sectors Allocation Comparison

Sectors	DAUG	KAPR
Technology	36.2%	15.4%
Financial Services	11.9%	16.0%
Communication Services	10.9%	2.3%
Consumer Cyclical	10.1%	8.7%
Healthcare	8.4%	17.7%
Industrials	8.1%	16.6%
Consumer Defensive	4.9%	2.6%
Energy	3.5%	6.6%
Utilities	2.3%	3.0%
Real Estate	1.9%	6.3%
Basic Materials	1.8%	4.8%

Return for Risk

DAUG vs. KAPR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DAUG

DAUG Risk / Return Rank: 84
DAUG Sharpe Ratio Rank: 83
DAUG Sortino Ratio Rank: 88
DAUG Omega Ratio Rank: 89
DAUG Calmar Ratio Rank: 72
DAUG Martin Ratio Rank: 87

KAPR

KAPR Risk / Return Rank: 96
KAPR Sharpe Ratio Rank: 94
KAPR Sortino Ratio Rank: 97
KAPR Omega Ratio Rank: 96
KAPR Calmar Ratio Rank: 96
KAPR Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DAUG vs. KAPR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Deep Buffer ETF - August (DAUG) and Innovator Russell 2000 Power Buffer ETF - April (KAPR). 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.

	DAUG	KAPR	Difference
Sharpe ratio Return per unit of total volatility	2.77	3.77	-1.01
Sortino ratio Return per unit of downside risk	4.05	5.97	-1.91
Omega ratio Gain probability vs. loss probability	1.57	1.80	-0.23
Calmar ratio Return relative to maximum drawdown	3.65	9.66	-6.01
Martin ratio Return relative to average drawdown	19.34	45.76	-26.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DAUG vs. KAPR - Sharpe Ratio Comparison

The current DAUG Sharpe Ratio is 2.77, which is comparable to the KAPR Sharpe Ratio of 3.77. The chart below compares the historical Sharpe Ratios of DAUG and KAPR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DAUG	KAPR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.77	3.77	-1.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.63	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.84	-0.09

Drawdowns

DAUG vs. KAPR - Drawdown Comparison

The maximum DAUG drawdown since its inception was -15.34%, smaller than the maximum KAPR drawdown of -16.91%. Use the drawdown chart below to compare losses from any high point for DAUG and KAPR.

Drawdown Indicators

	DAUG	KAPR	Difference
Max Drawdown Largest peak-to-trough decline	-15.34%	-16.91%	+1.57%
Max Drawdown (1Y) Largest decline over 1 year	-4.37%	-2.52%	-1.85%
Max Drawdown (3Y) Largest decline over 3 years	-10.53%	-16.84%	+6.31%
Max Drawdown (5Y) Largest decline over 5 years	-15.34%	-16.91%	+1.57%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.82%	-3.92%	+1.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	0.53%	+0.29%

Volatility

DAUG vs. KAPR - Volatility Comparison

The current volatility for FT Vest U.S. Equity Deep Buffer ETF - August (DAUG) is 0.75%, while Innovator Russell 2000 Power Buffer ETF - April (KAPR) has a volatility of 2.23%. This indicates that DAUG experiences smaller price fluctuations and is considered to be less risky than KAPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DAUG	KAPR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.75%	2.23%	-1.48%
Volatility (6M) Calculated over the trailing 6-month period	4.37%	4.03%	+0.34%
Volatility (1Y) Calculated over the trailing 1-year period	5.68%	6.51%	-0.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.05%	11.75%	-3.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.27%	11.63%	-2.36%

DAUG vs. KAPR - Expense Ratio Comparison

DAUG has a 0.85% expense ratio, which is higher than KAPR's 0.79% expense ratio.

Dividends

DAUG vs. KAPR - Dividend Comparison

Neither DAUG nor KAPR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DAUG and KAPR in my portfolio?

DAUG and KAPR have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DAUG or KAPR?

KAPR has higher volatility (2.23%) compared to DAUG (0.75%). In terms of maximum drawdown, DAUG dropped -15.34% vs KAPR's -16.91%.

Which ETF is better, DAUG or KAPR?

On 5-year performance, KAPR leads with 7.40% vs 6.42% for DAUG. On fees, KAPR is cheaper at 0.79% per year. On volatility, DAUG has been the lower-risk option at 0.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DAUG or KAPR?

Over the 5-year period, KAPR has performed better with a 7.40% return vs 6.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DAUG or KAPR?

KAPR is cheaper with a 0.79% expense ratio, compared with 0.85% for DAUG.

Which ETF pays a higher dividend yield, DAUG or KAPR?

DAUG and KAPR have nearly identical dividend yields, around 0.00%.

What is the main difference between DAUG and KAPR?

DAUG tracks S&P 500, while KAPR tracks Russell 2000 Index. They also come from different issuers: FT Vest and Innovator. Their fees differ too: 0.85% for DAUG and 0.79% for KAPR.

Which has better risk-adjusted returns?

KAPR currently has the higher Sharpe Ratio (3.77 vs 2.77), 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.