NAUG vs. IAUG

Last updated Apr 1, 2026

Compare and contrast key facts about Innovator Growth-100 Power Buffer ETF (NAUG) and Innovator International Developed Power Buffer ETF (IAUG).

NAUG and IAUG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NAUG is an actively managed fund by Innovator. It was launched on Jul 31, 2024. IAUG is an actively managed fund by Innovator. It was launched on Jul 31, 2024.

Performance

NAUG vs. IAUG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Growth-100 Power Buffer ETF (NAUG) and Innovator International Developed Power Buffer ETF (IAUG). The values are adjusted to include any dividend payments, if applicable.

NAUG vs. IAUG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NAUG Innovator Growth-100 Power Buffer ETF	-2.10%	14.81%	7.13%
IAUG Innovator International Developed Power Buffer ETF	0.68%	17.50%	-1.12%

Returns By Period

In the year-to-date period, NAUG achieves a -2.10% return, which is significantly lower than IAUG's 0.68% return.

NAUG

• 1D: 1.92%
• 1M: -2.07%
• YTD: -2.10%
• 6M: -0.02%
• 1Y: 16.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IAUG

• 1D: 1.58%
• 1M: -2.83%
• YTD: 0.68%
• 6M: 2.81%
• 1Y: 13.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NAUG vs. IAUG - Expense Ratio Comparison

NAUG has a 0.79% expense ratio, which is lower than IAUG's 0.85% expense ratio.

IAUG

Innovator International Developed Power Buffer ETF

NAUG

Innovator Growth-100 Power Buffer ETF

Return for Risk

NAUG vs. IAUG — Risk / Return Rank

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

NAUG

NAUG Risk / Return Rank: 80
NAUG Sharpe Ratio Rank: 73
NAUG Sortino Ratio Rank: 79
NAUG Omega Ratio Rank: 82
NAUG Calmar Ratio Rank: 77
NAUG Martin Ratio Rank: 89

IAUG

IAUG Risk / Return Rank: 75
IAUG Sharpe Ratio Rank: 74
IAUG Sortino Ratio Rank: 76
IAUG Omega Ratio Rank: 73
IAUG Calmar Ratio Rank: 79
IAUG Martin Ratio Rank: 74

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.

NAUG vs. IAUG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Growth-100 Power Buffer ETF (NAUG) and Innovator International Developed Power Buffer ETF (IAUG). 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.

	NAUG	IAUG	Difference
Sharpe ratio Return per unit of total volatility	1.32	1.34	-0.01
Sortino ratio Return per unit of downside risk	2.06	1.94	+0.12
Omega ratio Gain probability vs. loss probability	1.32	1.27	+0.05
Calmar ratio Return relative to maximum drawdown	2.08	2.14	-0.06
Martin ratio Return relative to average drawdown	11.32	7.83	+3.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NAUG vs. IAUG - Sharpe Ratio Comparison

The current NAUG Sharpe Ratio is 1.32, which is comparable to the IAUG Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of NAUG and IAUG, 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

	NAUG	IAUG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	1.34	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	1.02	1.08	-0.06

Correlation

The correlation between NAUG and IAUG is 0.59, 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

NAUG vs. IAUG - Dividend Comparison

Neither NAUG nor IAUG has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

NAUG vs. IAUG - Drawdown Comparison

The maximum NAUG drawdown since its inception was -12.88%, which is greater than IAUG's maximum drawdown of -8.03%. Use the drawdown chart below to compare losses from any high point for NAUG and IAUG.

Drawdown Indicators

	NAUG	IAUG	Difference
Max Drawdown Largest peak-to-trough decline	-12.88%	-8.03%	-4.85%
Max Drawdown (1Y) Largest decline over 1 year	-7.94%	-5.77%	-2.17%
Current Drawdown Current decline from peak	-3.28%	-3.03%	-0.25%
Average Drawdown Average peak-to-trough decline	-1.30%	-1.75%	+0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.46%	1.57%	-0.11%

Volatility

NAUG vs. IAUG - Volatility Comparison

Innovator Growth-100 Power Buffer ETF (NAUG) and Innovator International Developed Power Buffer ETF (IAUG) have volatilities of 3.67% and 3.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NAUG	IAUG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	3.63%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	6.18%	5.12%	+1.06%
Volatility (1Y) Calculated over the trailing 1-year period	12.51%	9.79%	+2.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.66%	9.25%	+2.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.66%	9.25%	+2.41%