PAUG vs. UAUG
Compare and contrast key facts about Innovator U.S. Equity Power Buffer ETF - August (PAUG) and Innovator U.S. Equity Ultra Buffer ETF - August (UAUG).
PAUG and UAUG 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. UAUG is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 30% (-5% to -35%) Buffer Protect August Series Index. It was launched on Aug 1, 2019. Both PAUG and UAUG 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 UAUG.
Performance
PAUG vs. UAUG - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with PAUG having a 15.46% return and UAUG slightly higher at 15.89%.
PAUG
15.46%
1.45%
7.03%
19.21%
8.71%
N/A
UAUG
15.89%
1.55%
7.23%
19.67%
6.93%
N/A
Key characteristics
| PAUG | UAUG | |
|---|---|---|
| Sharpe Ratio | 3.08 | 3.31 |
| Sortino Ratio | 4.34 | 4.85 |
| Omega Ratio | 1.65 | 1.71 |
| Calmar Ratio | 5.64 | 6.83 |
| Martin Ratio | 27.62 | 28.94 |
| Ulcer Index | 0.70% | 0.68% |
| Daily Std Dev | 6.25% | 5.95% |
| Max Drawdown | -17.88% | -13.91% |
| Current Drawdown | -0.13% | -0.08% |
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PAUG vs. UAUG - Expense Ratio Comparison
Both PAUG and UAUG have an expense ratio of 0.79%.
Correlation
The correlation between PAUG and UAUG is 0.89, 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. UAUG - 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 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.
Dividends
PAUG vs. UAUG - Dividend Comparison
Neither PAUG nor UAUG 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% |
UAUG Innovator U.S. Equity Ultra Buffer ETF - August | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.83% |
Drawdowns
PAUG vs. UAUG - Drawdown Comparison
The maximum PAUG drawdown since its inception was -17.88%, which is greater than UAUG's maximum drawdown of -13.91%. Use the drawdown chart below to compare losses from any high point for PAUG and UAUG. For additional features, visit the drawdowns tool.
Volatility
PAUG vs. UAUG - Volatility Comparison
Innovator U.S. Equity Power Buffer ETF - August (PAUG) and Innovator U.S. Equity Ultra Buffer ETF - August (UAUG) have volatilities of 1.79% and 1.80%, 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.