SAUG vs. IVVB

Last updated Jun 24, 2026

SAUG (FT Cboe Vest U.S. Small Cap Moderate Buffer ETF - August) and IVVB (iShares Large Cap Deep Buffer ETF) are both Options Trading funds. Both are actively managed. Over the past year, SAUG returned 19.55% vs 12.68% for IVVB. A 0.72 correlation means they provide meaningful diversification when combined. SAUG charges 0.90%/yr vs 0.50%/yr for IVVB.

Performance

SAUG vs. IVVB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest U.S. Small Cap Moderate Buffer ETF - August (SAUG) and iShares Large Cap Deep Buffer ETF (IVVB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SAUG achieves a 8.49% return, which is significantly higher than IVVB's 3.81% return.

SAUG

• 1D: -0.15%
• 1M: 1.22%
• YTD: 8.49%
• 6M: 7.47%
• 1Y: 19.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IVVB

• 1D: -0.46%
• 1M: -0.43%
• YTD: 3.81%
• 6M: 2.94%
• 1Y: 12.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SAUG vs. IVVB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SAUG FT Cboe Vest U.S. Small Cap Moderate Buffer ETF - August	8.49%	8.23%	11.08%	6.37%
IVVB iShares Large Cap Deep Buffer ETF	3.81%	9.60%	18.66%	3.91%

Correlation

The correlation between SAUG and IVVB is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (All Time) Calculated using the full available price history since Aug 21, 2023	0.72

The correlation between SAUG and IVVB has been stable across timeframes, ranging from 0.70 to 0.72 - a consistent structural relationship.

Return for Risk

SAUG vs. IVVB — Risk / Return Rank

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

SAUG

SAUG Risk / Return Rank: 79
SAUG Sharpe Ratio Rank: 70
SAUG Sortino Ratio Rank: 78
SAUG Omega Ratio Rank: 74
SAUG Calmar Ratio Rank: 88
SAUG Martin Ratio Rank: 84

IVVB

IVVB Risk / Return Rank: 53
IVVB Sharpe Ratio Rank: 54
IVVB Sortino Ratio Rank: 52
IVVB Omega Ratio Rank: 54
IVVB Calmar Ratio Rank: 47
IVVB Martin Ratio Rank: 56

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.

SAUG vs. IVVB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Small Cap Moderate Buffer ETF - August (SAUG) and iShares Large Cap Deep Buffer ETF (IVVB). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SAUG	IVVB	Difference
Sharpe ratio: Return per unit of total volatility	2.07	1.72	+0.35
Sortino ratio: Return per unit of downside risk	3.16	2.41	+0.74
Omega ratio: Gain probability vs. loss probability	1.40	1.32	+0.08
Calmar ratio: Return relative to maximum drawdown	4.79	2.22	+2.58
Martin ratio: Return relative to average drawdown	15.75	9.43	+6.32

SAUG vs. IVVB - Sharpe Ratio Comparison

The current SAUG Sharpe Ratio is 2.07, which is comparable to the IVVB Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of SAUG and IVVB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SAUG vs. IVVB - Drawdown Comparison

The maximum SAUG drawdown since its inception was -14.62%, which is greater than IVVB's maximum drawdown of -13.08%. Use the drawdown chart below to compare losses from any high point for SAUG and IVVB.

Drawdown Indicators

	SAUG	IVVB	Difference
Max Drawdown Largest peak-to-trough decline	-14.62%	-13.08%	-1.54%
Max Drawdown (1Y) Largest decline over 1 year	-4.10%	-5.75%	+1.65%
Current Drawdown Current decline from peak	-0.15%	-0.88%	+0.73%
Average Drawdown Average peak-to-trough decline	-2.21%	-1.59%	-0.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.24%	1.35%	-0.11%

Volatility

SAUG vs. IVVB - Volatility Comparison

The current volatility for FT Cboe Vest U.S. Small Cap Moderate Buffer ETF - August (SAUG) is 1.35%, while iShares Large Cap Deep Buffer ETF (IVVB) has a volatility of 1.74%. This indicates that SAUG experiences smaller price fluctuations and is considered to be less risky than IVVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SAUG	IVVB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.35%	1.74%	-0.39%
Volatility (6M) Calculated over the trailing 6-month period	5.39%	5.49%	-0.10%
Volatility (1Y) Calculated over the trailing 1-year period	9.48%	7.40%	+2.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.72%	9.25%	+2.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.72%	9.25%	+2.47%

SAUG vs. IVVB - Expense Ratio Comparison

SAUG has a 0.90% expense ratio, which is higher than IVVB's 0.50% expense ratio.

Dividends

SAUG vs. IVVB - Dividend Comparison

SAUG has not paid dividends to shareholders, while IVVB's dividend yield for the trailing twelve months is around 1.18%.

Position	TTM	2025	2024
IVVB iShares Large Cap Deep Buffer ETF	1.18%	1.22%	0.87%
SAUG FT Cboe Vest U.S. Small Cap Moderate Buffer ETF - August	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SAUG and IVVB in my portfolio?

SAUG and IVVB have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SAUG or IVVB?

IVVB has higher volatility (1.74%) compared to SAUG (1.35%). In terms of maximum drawdown, SAUG dropped -14.62% vs IVVB's -13.08%.

Which ETF is better, SAUG or IVVB?

On 1-year performance, SAUG leads with 19.55% vs 12.68% for IVVB. On fees, IVVB is cheaper at 0.50% per year. On volatility, SAUG has been the lower-risk option at 1.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SAUG or IVVB?

Over the 1-year period, SAUG has performed better with a 19.55% return vs 12.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SAUG or IVVB?

IVVB is cheaper with a 0.50% expense ratio, compared with 0.90% for SAUG.

Which ETF pays a higher dividend yield, SAUG or IVVB?

IVVB has the higher dividend yield at 1.18%, compared with 0.00% for SAUG.

What is the main difference between SAUG and IVVB?

They also come from different issuers: FT Vest and iShares. Their fees differ too: 0.90% for SAUG and 0.50% for IVVB.

Which has better risk-adjusted returns?

SAUG currently has the higher Sharpe Ratio (2.07 vs 1.72), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.