UAUG vs. QQQ
Compare and contrast key facts about Innovator U.S. Equity Ultra Buffer ETF - August (UAUG) and Invesco QQQ (QQQ).
UAUG and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both UAUG and QQQ 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 QQQ.
Performance
UAUG vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, UAUG achieves a 15.89% return, which is significantly lower than QQQ's 24.04% return.
UAUG
15.89%
1.55%
7.23%
19.67%
6.93%
N/A
QQQ
24.04%
3.57%
10.78%
30.56%
20.99%
18.03%
Key characteristics
| UAUG | QQQ | |
|---|---|---|
| Sharpe Ratio | 3.31 | 1.76 |
| Sortino Ratio | 4.85 | 2.35 |
| Omega Ratio | 1.71 | 1.32 |
| Calmar Ratio | 6.83 | 2.25 |
| Martin Ratio | 28.94 | 8.18 |
| Ulcer Index | 0.68% | 3.74% |
| Daily Std Dev | 5.95% | 17.36% |
| Max Drawdown | -13.91% | -82.98% |
| Current Drawdown | -0.08% | -1.62% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
UAUG vs. QQQ - Expense Ratio Comparison
UAUG has a 0.79% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between UAUG and QQQ is 0.83, 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. QQQ - 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 Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
UAUG has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.60%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UAUG Innovator U.S. Equity Ultra Buffer ETF - August | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
UAUG vs. QQQ - Drawdown Comparison
The maximum UAUG drawdown since its inception was -13.91%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for UAUG and QQQ. For additional features, visit the drawdowns tool.
Volatility
UAUG vs. QQQ - Volatility Comparison
The current volatility for Innovator U.S. Equity Ultra Buffer ETF - August (UAUG) is 1.80%, while Invesco QQQ (QQQ) has a volatility of 5.36%. This indicates that UAUG experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.