IFLR vs. UAUG

Last updated Apr 2, 2026

Compare and contrast key facts about Innovator International Developed Managed Floor ETF (IFLR) and Innovator U.S. Equity Ultra Buffer ETF - August (UAUG).

IFLR and UAUG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IFLR is an actively managed fund by Innovator. It was launched on Nov 20, 2025. UAUG is a passively managed fund by Innovator that tracks the performance of the S&P 500. It was launched on Jul 31, 2019.

Performance

IFLR vs. UAUG - Performance Comparison

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

IFLR vs. UAUG - Yearly Performance Comparison

	2026 (YTD)	2025
IFLR Innovator International Developed Managed Floor ETF	0.56%	4.20%
UAUG Innovator U.S. Equity Ultra Buffer ETF - August	-1.08%	2.52%

Returns By Period

In the year-to-date period, IFLR achieves a 0.56% return, which is significantly higher than UAUG's -1.08% return.

IFLR

• 1D: 0.41%
• 1M: -5.09%
• YTD: 0.56%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UAUG

• 1D: 0.37%
• 1M: -1.82%
• YTD: -1.08%
• 6M: 0.37%
• 1Y: 13.67%
• 3Y*: 13.45%
• 5Y*: 6.91%
• 10Y*: —

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

IFLR vs. UAUG - Expense Ratio Comparison

IFLR has a 0.89% expense ratio, which is higher than UAUG's 0.79% expense ratio.

IFLR

Innovator International Developed Managed Floor ETF

UAUG

Innovator U.S. Equity Ultra Buffer ETF - August

Return for Risk

IFLR vs. UAUG — Risk / Return Rank

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

UAUG

UAUG Risk / Return Rank: 81
UAUG Sharpe Ratio Rank: 76
UAUG Sortino Ratio Rank: 80
UAUG Omega Ratio Rank: 85
UAUG Calmar Ratio Rank: 77
UAUG Martin Ratio Rank: 87

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.

IFLR vs. UAUG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator International Developed Managed Floor ETF (IFLR) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IFLR	UAUG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.46	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.06	0.82	+0.24

Correlation

The correlation between IFLR and UAUG is 0.75, 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.

Dividends

IFLR vs. UAUG - Dividend Comparison

IFLR's dividend yield for the trailing twelve months is around 0.29%, while UAUG has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019
IFLR Innovator International Developed Managed Floor ETF	0.29%	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%	0.00%	0.83%

Drawdowns

IFLR vs. UAUG - Drawdown Comparison

The maximum IFLR drawdown since its inception was -9.58%, smaller than the maximum UAUG drawdown of -13.91%. Use the drawdown chart below to compare losses from any high point for IFLR and UAUG.

Drawdown Indicators

	IFLR	UAUG	Difference
Max Drawdown Largest peak-to-trough decline	-9.58%	-13.91%	+4.33%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.31%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.91%	—
Current Drawdown Current decline from peak	-6.70%	-2.16%	-4.54%
Average Drawdown Average peak-to-trough decline	-1.88%	-2.41%	+0.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.27%	—

Volatility

Volatility by Period

	IFLR	UAUG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.86%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.32%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.45%	9.43%	+4.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.45%	7.85%	+5.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.45%	8.80%	+4.65%