ZAPR vs. KAUG
Compare and contrast key facts about Innovator Equity Defined Protection ETF - 1 Yr April (ZAPR) and Innovator U.S. Small Cap Power Buffer ETF (KAUG).
ZAPR and KAUG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZAPR is an actively managed fund by Innovator. It was launched on Apr 1, 2025. KAUG is an actively managed fund by Innovator. It was launched on Jul 31, 2024.
Performance
ZAPR vs. KAUG - Performance Comparison
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ZAPR vs. KAUG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ZAPR Innovator Equity Defined Protection ETF - 1 Yr April | 1.24% | 5.29% |
KAUG Innovator U.S. Small Cap Power Buffer ETF | 1.05% | 10.55% |
Returns By Period
In the year-to-date period, ZAPR achieves a 1.24% return, which is significantly higher than KAUG's 1.05% return.
ZAPR
- 1D
- 0.04%
- 1M
- 0.46%
- YTD
- 1.24%
- 6M
- 2.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KAUG
- 1D
- 1.78%
- 1M
- -1.48%
- YTD
- 1.05%
- 6M
- 3.12%
- 1Y
- 11.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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ZAPR vs. KAUG - Expense Ratio Comparison
Both ZAPR and KAUG have an expense ratio of 0.79%.
Return for Risk
ZAPR vs. KAUG — Risk / Return Rank
ZAPR
KAUG
ZAPR vs. KAUG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Defined Protection ETF - 1 Yr April (ZAPR) and Innovator U.S. Small Cap Power Buffer ETF (KAUG). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| ZAPR | KAUG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.99 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.55 | 0.49 | +2.06 |
Correlation
The correlation between ZAPR and KAUG is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ZAPR vs. KAUG - Dividend Comparison
Neither ZAPR nor KAUG has paid dividends to shareholders.
Drawdowns
ZAPR vs. KAUG - Drawdown Comparison
The maximum ZAPR drawdown since its inception was -1.72%, smaller than the maximum KAUG drawdown of -15.66%. Use the drawdown chart below to compare losses from any high point for ZAPR and KAUG.
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Drawdown Indicators
| ZAPR | KAUG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.72% | -15.66% | +13.94% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.38% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.23% | +2.23% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -3.12% | +3.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.63% | — |
Volatility
ZAPR vs. KAUG - Volatility Comparison
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Volatility by Period
| ZAPR | KAUG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.68% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.25% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.62% | 11.73% | -9.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.62% | 11.69% | -9.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.62% | 11.69% | -9.07% |