IAPR vs. DAUG

Last updated Apr 1, 2026

Compare and contrast key facts about Innovator International Developed Power Buffer ETF - April (IAPR) and FT Vest U.S. Equity Deep Buffer ETF - August (DAUG).

IAPR and DAUG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IAPR is a passively managed fund by Innovator that tracks the performance of the MSCI EAFE. It was launched on Mar 31, 2021. DAUG is a passively managed fund by FT Vest that tracks the performance of the S&P 500. It was launched on Nov 6, 2019. Both IAPR and DAUG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IAPR vs. DAUG - Performance Comparison

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

IAPR vs. DAUG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IAPR Innovator International Developed Power Buffer ETF - April	2.69%	15.51%	3.76%	7.67%	-7.61%	2.74%
DAUG FT Vest U.S. Equity Deep Buffer ETF - August	-1.78%	11.75%	12.00%	13.85%	-11.95%	4.41%

Returns By Period

In the year-to-date period, IAPR achieves a 2.69% return, which is significantly higher than DAUG's -1.78% return.

IAPR

• 1D: 1.25%
• 1M: 0.70%
• YTD: 2.69%
• 6M: 5.32%
• 1Y: 15.00%
• 3Y*: 8.92%
• 5Y*: —
• 10Y*: —

DAUG

• 1D: 1.57%
• 1M: -2.41%
• YTD: -1.78%
• 6M: -0.17%
• 1Y: 12.26%
• 3Y*: 10.68%
• 5Y*: 5.17%
• 10Y*: —

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

IAPR vs. DAUG - Expense Ratio Comparison

Both IAPR and DAUG have an expense ratio of 0.85%.

IAPR

Innovator International Developed Power Buffer ETF - April

DAUG

FT Vest U.S. Equity Deep Buffer ETF - August

Return for Risk

IAPR vs. DAUG — Risk / Return Rank

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

IAPR

IAPR Risk / Return Rank: 89
IAPR Sharpe Ratio Rank: 87
IAPR Sortino Ratio Rank: 90
IAPR Omega Ratio Rank: 93
IAPR Calmar Ratio Rank: 81
IAPR Martin Ratio Rank: 95

DAUG

DAUG Risk / Return Rank: 76
DAUG Sharpe Ratio Rank: 71
DAUG Sortino Ratio Rank: 74
DAUG Omega Ratio Rank: 80
DAUG Calmar Ratio Rank: 71
DAUG Martin Ratio Rank: 84

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.

IAPR vs. DAUG - Risk-Adjusted Trends Comparison

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

	IAPR	DAUG	Difference
Sharpe ratio Return per unit of total volatility	1.80	1.27	+0.53
Sortino ratio Return per unit of downside risk	2.62	1.89	+0.73
Omega ratio Gain probability vs. loss probability	1.43	1.31	+0.12
Calmar ratio Return relative to maximum drawdown	2.33	1.84	+0.49
Martin ratio Return relative to average drawdown	15.34	9.69	+5.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IAPR vs. DAUG - Sharpe Ratio Comparison

The current IAPR Sharpe Ratio is 1.80, which is higher than the DAUG Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of IAPR and DAUG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IAPR	DAUG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.80	1.27	+0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.63	-0.09

Correlation

The correlation between IAPR and DAUG is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IAPR vs. DAUG - Dividend Comparison

Neither IAPR nor DAUG has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

IAPR vs. DAUG - Drawdown Comparison

The maximum IAPR drawdown since its inception was -17.73%, which is greater than DAUG's maximum drawdown of -15.34%. Use the drawdown chart below to compare losses from any high point for IAPR and DAUG.

Drawdown Indicators

	IAPR	DAUG	Difference
Max Drawdown Largest peak-to-trough decline	-17.73%	-15.34%	-2.39%
Max Drawdown (1Y) Largest decline over 1 year	-6.08%	-6.90%	+0.82%
Max Drawdown (5Y) Largest decline over 5 years	—	-15.34%	—
Current Drawdown Current decline from peak	0.00%	-2.87%	+2.87%
Average Drawdown Average peak-to-trough decline	-3.99%	-2.89%	-1.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	1.31%	-0.39%

Volatility

IAPR vs. DAUG - Volatility Comparison

The current volatility for Innovator International Developed Power Buffer ETF - April (IAPR) is 2.78%, while FT Vest U.S. Equity Deep Buffer ETF - August (DAUG) has a volatility of 2.99%. This indicates that IAPR experiences smaller price fluctuations and is considered to be less risky than DAUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IAPR	DAUG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.78%	2.99%	-0.21%
Volatility (6M) Calculated over the trailing 6-month period	3.92%	4.53%	-0.61%
Volatility (1Y) Calculated over the trailing 1-year period	8.38%	9.68%	-1.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.70%	8.01%	+0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.70%	9.36%	-0.66%