PAUG vs. SCHK
Compare and contrast key facts about Innovator U.S. Equity Power Buffer ETF - August (PAUG) and Schwab 1000 Index ETF (SCHK).
PAUG and SCHK 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. SCHK is a passively managed fund by Charles Schwab that tracks the performance of the Schwab 1000 Index. It was launched on Oct 11, 2017. Both PAUG and SCHK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PAUG or SCHK.
Performance
PAUG vs. SCHK - Performance Comparison
Returns By Period
In the year-to-date period, PAUG achieves a 15.46% return, which is significantly lower than SCHK's 27.50% return.
PAUG
15.46%
1.45%
7.03%
19.21%
8.71%
N/A
SCHK
27.50%
3.81%
14.52%
34.46%
16.41%
N/A
Key characteristics
| PAUG | SCHK | |
|---|---|---|
| Sharpe Ratio | 3.08 | 2.78 |
| Sortino Ratio | 4.34 | 3.69 |
| Omega Ratio | 1.65 | 1.52 |
| Calmar Ratio | 5.64 | 4.05 |
| Martin Ratio | 27.62 | 17.76 |
| Ulcer Index | 0.70% | 1.94% |
| Daily Std Dev | 6.25% | 12.39% |
| Max Drawdown | -17.88% | -34.80% |
| Current Drawdown | -0.13% | -0.31% |
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PAUG vs. SCHK - Expense Ratio Comparison
PAUG has a 0.79% expense ratio, which is higher than SCHK's 0.05% expense ratio.
Correlation
The correlation between PAUG and SCHK is 0.91, 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. SCHK - 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 Schwab 1000 Index ETF (SCHK). 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. SCHK - Dividend Comparison
PAUG has not paid dividends to shareholders, while SCHK's dividend yield for the trailing twelve months is around 1.74%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
PAUG Innovator U.S. Equity Power Buffer ETF - August | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.33% | 0.00% | 0.00% |
SCHK Schwab 1000 Index ETF | 1.74% | 2.75% | 2.29% | 1.99% | 2.76% | 2.22% | 3.12% | 0.62% |
Drawdowns
PAUG vs. SCHK - Drawdown Comparison
The maximum PAUG drawdown since its inception was -17.88%, smaller than the maximum SCHK drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for PAUG and SCHK. For additional features, visit the drawdowns tool.
Volatility
PAUG vs. SCHK - Volatility Comparison
The current volatility for Innovator U.S. Equity Power Buffer ETF - August (PAUG) is 1.79%, while Schwab 1000 Index ETF (SCHK) has a volatility of 4.14%. This indicates that PAUG experiences smaller price fluctuations and is considered to be less risky than SCHK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.