BUFI vs IAUG: Grades, Fees and Holdings Compared

AB International Buffer ETF

BUFIBNasdaq

Innovator Intl Developed Power Buffer ETF

IAUGBNYSE Arca

Overlap

0.0%by weight

Expense ratio

BUFI −0.16pt a year

BUFI0.69%IAUG0.85%

Avg volume · 30D

IAUG 2.2×the volume

BUFI11.8KIAUG25.8K

BUFI vs IAUG Performance

Oct 31, 2025 – Oct 30, 2026

+6.5%BUFI+8.0%IAUG

Expense ratio: BUFI 0.69%, better; IAUG 0.85%
Fund size: BUFI $138M; IAUG $80M
1Y total return: BUFI +6.5%; IAUG +8.0%, better
Holdings: BUFI 4; IAUG 3
Avg volume (30D): BUFI 11.8K sh; IAUG 25.8K sh, better
NAV per share: BUFI $41.81; IAUG $30.19
52W range

ETF.net Grade

Pillar letters and Scores for BUFI, IAUG, with each pillar’s weight
Pillar	BUFI	IAUG
Cost30% weight	A84Higher	D38
Mission25% weight	Not scored	A96
Risk15% weight	C42	A78Higher
Tradability15% weight	C54	A76Higher
Holdings10% weight	Not scored	Not scored
Durability5% weight	C54	B63Higher

Rank among Developed International Buffer 15% funds

How we build Categories ›

Same Category. BUFI and IAUG are both graded against the same 26 Developed International Buffer 15% funds, so their Grades compare head to head.

Developed International Buffer 15%⁠

Category · 26 funds

See all 26 ›

BUFI ranks 1st and IAUG 3rd of 26 funds in the Developed International Buffer 15% Category.

Rank 1BBUFIAB International Buffer ETFScore 65
Rank 2BQBIFAllianzIM International Equity Buffer15 ETFScore 63
Rank 3BIAUGInnovator Intl Developed Power Buffer ETFScore 58
Rank 4BIJULInnovator Intl Developed Power Buffer ETFScore 55

Our read on each fund

ETF.net Research

BUFIBAB International Buffer ETF

IAUGBInnovator Intl Developed Power Buffer ETF

In short

BUFI No data

IAUG Downside 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

BUFI No data

IAUG 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

BUFI No data

IAUG The 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
One 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
At 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

BUFI No data

IAUG Thinly traded with a small asset base, which usually means wider bid-ask spreads than the big buffer funds carry.
The 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
An options-built structure aimed at price outcomes, not cash flow. Distributions have not been part of the picture.

Full BUFI profile⁠

Full IAUG profile⁠

BUFI vs IAUG Holdings

How BUFI and IAUG differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of BUFI and 0.0% of IAUG.

Level by level

Asset classAlternatives, Equity0.0%
Holdings0 in both0.0%
Countryby domicile100%
Sector11 Sectors100%

Sector

Sector weights in BUFI and IAUG, widest gap first
Sector	More in BUFIMore in IAUG	BUFI	IAUG
Financials	Same weight	26.1%	26.1%
Industrials	Same weight	18.7%	18.7%
Technology	Same weight	12.0%	12.0%
Health Care	Same weight	10.1%	10.1%
Consumer Discretionary	Same weight	7.1%	7.1%
Consumer Staples	Same weight	6.4%	6.4%
Materials	Same weight	5.8%	5.8%
Communication	Same weight	4.7%	4.7%
Energy	Same weight	4.0%	4.0%
Utilities	Same weight	3.6%	3.6%
Real Estate	Same weight	1.5%	1.5%

Country, concentration and asset class

Country by domicile

Country weights in BUFI and IAUG, widest gap first
Country	More in BUFIMore in IAUG	BUFI	IAUG
Japan	Same weight	24.3%	24.3%
United Kingdom	Same weight	14.1%	14.1%
Switzerland	Same weight	10.2%	10.2%
Germany	Same weight	8.8%	8.8%
France	Same weight	8.3%	8.3%
Australia	Same weight	6.7%	6.7%
Netherlands	Same weight	6.0%	6.0%
Spain	Same weight	3.7%	3.7%
Other countries (17)	Same weight	18.0%	18.0%

Outside the US: BUFI 99% developed, 1% emerging. IAUG 99% developed, 1% emerging.

Concentration

Weight in the 10 largest Holdings

BUFI100.8%
IAUG102.2%

Securities held

BUFI3
IAUG3

Asset class

BUFI: Alternatives
IAUG: Equity

Holdings

Only in BUFI3
In both0
Only in IAUG3

Only in BUFI

3 securities, 100% of BUFI by weight

4EFA 10/30/26 C0.53 4EFA 10/30/26 C0.5399.50%
Alliancebernstein Govt Stif Ssc Fund 64BA Agis 5871.12%
4EFA 10/30/26 P103.47 4EFA 10/30/26 P103.470.20%

Only in IAUG

3 securities, 100% of IAUG by weight

Efa 07/30/2027 1.06 C96.25%
Efa 07/30/2027 105.58 P5.67%
Us Bank Mmda - Usbgfs 9 09/01/20370.28%

Weight gaps

BUFI and IAUG share no securities.

All BUFI holdings⁠All 6 IAUG holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BUFI vs IAUG Cost

Overpaying IAUG vs BUFI

$2,770

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

BUFI 0.69%
$13,429
IAUG 0.85%
$16,199

Amount$10,000

Years30 years

Cost over time

BUFI 0.69%
IAUG 0.85%
Overpaying

Year by year

Year	BUFI	IAUG	Overpaying
10	$1,232	$1,508	$276
20	$4,697	$5,706	$1,009
30	$13,429	$16,199	$2,770

Expense ratio

0.69%BUFI, cheaper
0.85%IAUG

BUFI0.69%IAUG0.85%

0.30%0.90%

Middle half of Developed International Buffer 15% funds
Median 0.85%

BUFI 5th cheapest of 26 funds

IAUG 11th cheapest of 26 funds

BUFI vs IAUG Dividends

Last 12 months to Oct 30, 2026

Payout (12M): BUFI None; IAUG None

Distribution history

BUFIAll BUFI payments⁠

No distribution history available.

IAUGAll IAUG payments⁠

No distribution history available.

BUFI vs IAUG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BUFI 5.7%since Jan 2025IAUG 6.3%since Sep 2024
Return per unit of riskSharpe ratio, 3 years: BUFI 1.21since Jan 2025IAUG 0.63since Sep 2024
Worst fallMax drawdown, 5 years: BUFI −7.4%since Dec 2024IAUG −8.0%since Aug 2024
Market sensitivityBeta, 5 years: BUFI 0.24IAUG 0.25; Market = 1

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