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IAUG

GradeBNew York Stock Exchange Arca

Innovator Intl Developed Power Buffer ETF

Buffered · Innovator · Inception 2024-08-01

$30.51−0.23 (−0.75%)

As of Sep 23, 2026, 2:13 PM EDT

History starts Aug 1, 2024.
Intraday session: down, 42 prints from 30.74 to 30.51. Range 30.39 to 30.55. Use the arrow keys to read each point.$30.40$30.45$30.5510 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$80M
1Y return
+10.3%
Yield · Last 12 months
—
Holdings
6
Volume · 30D
0M sh
NAV per share
$30.37
52W range
low $27.42high $31.20

The ETF.net IAUG Grade

B

56/ 100

Rank 3 of 26 in Developed International Buffer 15%⁠

Confidence High

Six-pillar profile for IAUG. Scores out of 100: Cost 38, Risk 71, Mission 96, Tradability 80, Holdings not scored, Durability 60. Strongest: Mission (96). Weakest: Cost (38). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 56 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 38
    Category rank12/26 · top 46%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 96
    Category rank1/2 · top 50%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 71
    Category rank2/23 · top 9%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 80
    Category rank1/26 · top 4%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 60
    Category rank12/26 · top 46%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on IAUG

ETF.net Research

BDownside padding for foreign stocks instead of the usual S&P 500 target. IAUG shadows the iShares MSCI EAFE ETF, absorbs the first 15% of a year's losses, and trades away upside above a cap reset every August 1.

Stated mandate

The Fund seeks to match the return of its underlying ETF up to a predetermined upside cap while protecting against the first 15% of underlying ETF losses during the outcome period.

Why people hold it

  1. 01The deal is written down in advance: match the reference ETF's return up to a preset cap, with the first 15% of its losses absorbed over an outcome period running August 1 to July 31.innovatoretfs.com
  2. 02One rung in a 12-month ladder on the same EAFE exposure (IJUL, ISEP, IOCT and the rest), so entry points can be staggered rather than pinned to a single reset date.innovatoretfs.com
  3. 03At 0.85% a year, it charges the same as the median fund in its buffered-international peer group. No premium for the international twist.

Worth knowing

  1. 01Thinly traded with a small asset base, which usually means wider bid-ask spreads than the big buffer funds carry.
  2. 02The 15% buffer and the cap are engineered for investors who hold the full outcome period. Buy mid-period and your actual cushion and ceiling differ from the headline terms.innovatoretfs.com
  3. 03An options-built structure aimed at price outcomes, not cash flow. Distributions have not been part of the picture.

IAUG Holdings

As of Sep 22, 2026, 10:01 PM
Asset class
Stocks
Holdings
6
Top-10 weight
103%
Largest holding
EFA 07/30/2027 1.06 C97.7%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—EFA 07/30/2027 1.06 C97.75%7,697$79M1
002—EFA 07/30/2027 105.58 P4.73%7,697$4M1
003—US BANK MMDA - USBGFS 9 09/01/20370.22%180,860$181K161

Showing 1–3 of 3 holdings

IAUG Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

IAUG$11,028
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. IAUG $11,028. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for IAUG. Periods over one year show the average yearly return.
PeriodIAUG
Year to date+8.0%
1 month−0.8%
3 months+1.9%
1 year+10.3%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for IAUG
YearReturn barIAUG
2026 YTD+8.0%
2025+17.5%
2024−1.1%

Since listing, Aug 1, 2024

IAUG in the news

ETF.net Research hasn’t filed on IAUG yet — coverage lands here as it’s written.

IAUG Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

IAUG Risk

How much the fund’s monthly returns vary, scaled to a year.
6.2%
Annualised · 24 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.91
vs 3-month T-bills · 24 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−8.0%
25 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.23
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

IAUG Cost

Expense ratio0.85%
  • The middle half of Developed International Buffer 15% funds
  • Median 0.85%

10 of the 26 Developed International Buffer 15% funds charge less.

IAUG costs $85.00 a year on $10,000. The median Developed International Buffer 15% fund costs $85.00.