UAUG vs. PAUG
Compare and contrast key facts about Innovator U.S. Equity Ultra Buffer ETF - August (UAUG) and Innovator U.S. Equity Power Buffer ETF - August (PAUG).
UAUG and PAUG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both UAUG and PAUG 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: UAUG or PAUG.
Performance
UAUG vs. PAUG - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with UAUG having a 15.89% return and PAUG slightly lower at 15.46%.
UAUG
15.89%
1.55%
7.23%
19.67%
6.93%
N/A
PAUG
15.46%
1.45%
7.03%
19.21%
8.71%
N/A
Key characteristics
| UAUG | PAUG | |
|---|---|---|
| Sharpe Ratio | 3.31 | 3.08 |
| Sortino Ratio | 4.85 | 4.34 |
| Omega Ratio | 1.71 | 1.65 |
| Calmar Ratio | 6.83 | 5.64 |
| Martin Ratio | 28.94 | 27.62 |
| Ulcer Index | 0.68% | 0.70% |
| Daily Std Dev | 5.95% | 6.25% |
| Max Drawdown | -13.91% | -17.88% |
| Current Drawdown | -0.08% | -0.13% |
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UAUG vs. PAUG - Expense Ratio Comparison
Both UAUG and PAUG have an expense ratio of 0.79%.
Correlation
The correlation between UAUG and PAUG 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
UAUG vs. PAUG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Ultra Buffer ETF - August (UAUG) and Innovator U.S. Equity Power Buffer ETF - August (PAUG). 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
UAUG vs. PAUG - Dividend Comparison
Neither UAUG nor PAUG has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
UAUG Innovator U.S. Equity Ultra Buffer ETF - August | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.83% |
PAUG Innovator U.S. Equity Power Buffer ETF - August | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.33% |
Drawdowns
UAUG vs. PAUG - Drawdown Comparison
The maximum UAUG drawdown since its inception was -13.91%, smaller than the maximum PAUG drawdown of -17.88%. Use the drawdown chart below to compare losses from any high point for UAUG and PAUG. For additional features, visit the drawdowns tool.
Volatility
UAUG vs. PAUG - Volatility Comparison
Innovator U.S. Equity Ultra Buffer ETF - August (UAUG) and Innovator U.S. Equity Power Buffer ETF - August (PAUG) have volatilities of 1.80% and 1.79%, 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.