PAUG vs. BALT
Compare and contrast key facts about Innovator U.S. Equity Power Buffer ETF - August (PAUG) and Innovator Defined Wealth Shield ETF (BALT).
PAUG and BALT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PAUG is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 15% Buffer Protect August Series Index. It was launched on Aug 1, 2019. BALT is an actively managed fund by Innovator. It was launched on Jul 1, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PAUG or BALT.
Performance
PAUG vs. BALT - Performance Comparison
Returns By Period
In the year-to-date period, PAUG achieves a 15.46% return, which is significantly higher than BALT's 9.43% return.
PAUG
15.46%
1.45%
7.03%
19.21%
8.71%
N/A
BALT
9.43%
1.03%
5.84%
10.28%
N/A
N/A
Key characteristics
| PAUG | BALT | |
|---|---|---|
| Sharpe Ratio | 3.08 | 3.44 |
| Sortino Ratio | 4.34 | 5.24 |
| Omega Ratio | 1.65 | 1.79 |
| Calmar Ratio | 5.64 | 5.57 |
| Martin Ratio | 27.62 | 30.02 |
| Ulcer Index | 0.70% | 0.34% |
| Daily Std Dev | 6.25% | 2.99% |
| Max Drawdown | -17.88% | -2.16% |
| Current Drawdown | -0.13% | 0.00% |
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PAUG vs. BALT - Expense Ratio Comparison
PAUG has a 0.79% expense ratio, which is higher than BALT's 0.69% expense ratio.
Correlation
The correlation between PAUG and BALT 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.
Risk-Adjusted Performance
PAUG vs. BALT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Power Buffer ETF - August (PAUG) and Innovator Defined Wealth Shield ETF (BALT). 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.
Dividends
PAUG vs. BALT - Dividend Comparison
Neither PAUG nor BALT has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
PAUG Innovator U.S. Equity Power Buffer ETF - August | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.33% |
BALT Innovator Defined Wealth Shield ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PAUG vs. BALT - Drawdown Comparison
The maximum PAUG drawdown since its inception was -17.88%, which is greater than BALT's maximum drawdown of -2.16%. Use the drawdown chart below to compare losses from any high point for PAUG and BALT. For additional features, visit the drawdowns tool.
Volatility
PAUG vs. BALT - Volatility Comparison
Innovator U.S. Equity Power Buffer ETF - August (PAUG) has a higher volatility of 1.79% compared to Innovator Defined Wealth Shield ETF (BALT) at 0.82%. This indicates that PAUG's price experiences larger fluctuations and is considered to be riskier than BALT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.