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.
Key characteristics
| UAUG | PAUG | |
|---|---|---|
| YTD Return | 13.67% | 13.49% |
| 1Y Return | 22.18% | 22.28% |
| 3Y Return (Ann) | 6.76% | 8.53% |
| 5Y Return (Ann) | 7.00% | 8.89% |
| Sharpe Ratio | 3.54 | 3.32 |
| Daily Std Dev | 6.24% | 6.68% |
| Max Drawdown | -13.91% | -17.88% |
| Current Drawdown | 0.00% | 0.00% |
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.
Performance
UAUG vs. PAUG - Performance Comparison
The year-to-date returns for both stocks are quite close, with UAUG having a 13.67% return and PAUG slightly lower at 13.49%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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UAUG vs. PAUG - Expense Ratio Comparison
Both UAUG and PAUG have an expense ratio of 0.79%.
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
The current volatility for Innovator U.S. Equity Ultra Buffer ETF - August (UAUG) is 1.93%, while Innovator U.S. Equity Power Buffer ETF - August (PAUG) has a volatility of 2.19%. This indicates that UAUG experiences smaller price fluctuations and is considered to be less risky than PAUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.