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CAUG vs PAPR

Corgi U.S. Equities 15% Structured Buffer ETF - August Series

CAUGCCboe

Innovator U.S. Equity Power Buffer ETF

PAPRCCboe

Overlap

0.0%by weight

Expense ratio

CAUG −0.49pt a year

CAUG0.30%PAPR0.79%

Avg volume · 30D

PAPR 80.1×the volume

CAUG410PAPR32.8K

CAUG vs PAPR Performance

Oct 2, 2026 – Nov 2, 2026

−1.1%CAUG−0.3%PAPR

Oct 2, 2026 to Nov 2, 2026. CAUG −1.1%. PAPR −0.3%. Use the arrow keys to read each point.−0.5%0%0.5%Oct 2Oct 16Nov 2
Expense ratio
CAUG 0.30%, better
PAPR 0.79%
Fund size
CAUG $1M
PAPR $959M
1Y total return
CAUG No data
PAPR +11.9%
Yield (12M)
CAUG No data
PAPR 0.00%
Holdings
CAUG 4
PAPR 3
Avg volume (30D)
CAUG 410 sh
PAPR 32.8K sh, better
NAV per share
CAUG $25.21
PAPR $43.21
52W range

ETF.net Grade

CAUG: Cost 83, Risk 48, Mission not scored, Tradability 14, Holdings not scored, Durability 2. PAPR: Cost 35, Risk 63, Mission not scored, Tradability 59, Holdings not scored, Durability 83.
Pillar letters and Scores for CAUG, PAPR, with each pillar’s weight
PillarCAUGPAPR
Cost30% weightA83HigherD35
Mission25% weightNot scoredNot scored
Risk15% weightC48B63Higher
Tradability15% weightF14B59Higher
Holdings10% weightNot scoredNot scored
Durability5% weightF2A83Higher

Rank among S&P 500 Buffer 15% funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. CAUG and PAPR are both graded against the same 51 S&P 500 Buffer 15% funds, so their Grades compare head to head.

S&P 500 Buffer 15%⁠

Category · 51 funds
See all 51 ›

PAPR ranks 11th and CAUG 33rd of 51 funds in the S&P 500 Buffer 15% Category.

  1. Rank 9CPJANInnovator U.S. Equity Power Buffer ETFScore 51
  2. Rank 11CPAPRInnovator U.S. Equity Power Buffer ETFScore 50
  3. Rank 11CTENMiShares Large Cap 10% Target Buffer Mar ETFScore 50
  4. Rank 30CGJANFT Vest U.S. Equity Moderate Buffer ETF - JanuaryScore 41
  5. Rank 33CCAUGCorgi U.S. Equities 15% Structured Buffer ETF - August SeriesScore 40
  6. Rank 33CCJULCorgi U.S. Equities 15% Structured Buffer ETF - July SeriesScore 40

Our read on each fund

ETF.net Research

CAUGCCorgi U.S. Equities 15% Structured Buffer ETF - August Series

PAPRCInnovator U.S. Equity Power Buffer ETF

In short

CAUG No data

PAPR Innovator's April door. PAPR takes the first 15% of losses on the S&P 500 fund it references and caps your upside in exchange. The buffer resets every April 1, so the deal is rewritten once a year. Running since 2019.

Stated mandate

CAUG No data

PAPR The Fund uses a defined-outcome strategy tied to SPY over the April 1, 2026–March 31, 2027 Outcome Period, seeking to limit upside at a cap while protecting the first 15% of underlying losses before fees and expenses.

Why people hold it

CAUG No data

  • PAPR Buffers the first 15% of the reference fund's losses over each April-to-March outcome period, before fees and expenses. Downside cushion without leaving equities.innovatoretfs.com
  • One of twelve monthly Power Buffer siblings, so you can enter in April or ladder across start months instead of hanging everything on one reset date.
  • Live since April 2019, it has reset through real drawdowns rather than backtests, and it grades out in the upper tier of a crowded buffer peer group.

Worth knowing

CAUG No data

  • PAPR The cap is what pays for the buffer. Upside for each period is limited, and the 15% cushion is measured before the 0.79% fee, so a hot market year leaves gains on the table.
  • Buy mid-period and you inherit whatever cap and remaining buffer are left, not the headline terms. The full stated deal belongs to holders from the April 1 start.
  • At 0.79% it is priced like its Power Buffer siblings, while the laddered BUFF spreads the same style of outcomes across all twelve months for 0.10%.

Full CAUG profile⁠

Full PAPR profile⁠

CAUG vs PAPR Holdings

How CAUG and PAPR differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of CAUG and 0.0% of PAPR.

Level by level

  • Holdings0 in both0.0%
  • Asset classEquity100%
  • Countryby domicile100%
  • Sector11 Sectors100%

Sector

Sector weights in CAUG and PAPR, widest gap first
SectorMore in CAUGMore in PAPR
TechnologySame weight
FinancialsSame weight
CommunicationSame weight
Health CareSame weight
Consumer DiscretionarySame weight
IndustrialsSame weight
Consumer StaplesSame weight
EnergySame weight
UtilitiesSame weight
Real EstateSame weight
MaterialsSame weight

Country, concentration and asset class

Country by domicile

Country weights in CAUG and PAPR, widest gap first
CountryMore in CAUGMore in PAPR
United StatesSame weight
SwitzerlandSame weight
ChinaSame weight
MexicoSame weight
IrelandSame weight
United KingdomSame weight

Concentration

Weight in the 10 largest Holdings

  • CAUG102.9%
  • PAPR107.5%

Securities held

  • CAUG3
  • PAPR3

Asset class

CAUG
Equity
PAPR
Equity

Holdings

  • Only in CAUG3
  • In both0
  • Only in PAPR3

Only in CAUG

3 securities, 100% of CAUG by weight

  • Spy 07/30/2027 151.53 C79.91%
  • United States Treasury Note/Bond 2.75% 07/31/202716.78%
  • Spy 07/30/2027 757.67 P4.99%

Only in PAPR

3 securities, 100% of PAPR by weight

  • Spy 03/31/2027 6.5 C105.89%
  • Spy 03/31/2027 650.34 P1.29%
  • Us Bank Mmda - Usbgfs 9 09/01/20370.28%

Weight gaps

CAUG and PAPR share no securities.

All CAUG holdings⁠All 6 PAPR 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.

CAUG vs PAPR Cost

Overpaying PAPR vs CAUG

$9,025

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

  • CAUG 0.30%

    $6,149

  • PAPR 0.79%

    $15,174

$10,000
30 years

Cost over time

  • CAUG 0.30%
  • PAPR 0.79%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530PAPR $15,174CAUG $6,149

Year by year

YearCAUGPAPROverpaying
10$545$1,405$860
20$2,113$5,331$3,218
30$6,149$15,174$9,025

Expense ratio

  • 0.30%CAUG, cheaper
  • 0.79%PAPR
  • Middle half of S&P 500 Buffer 15% funds
  • Median 0.79%

CAUG cheapest of 51 funds

PAPR 24th cheapest of 51 funds

CAUG vs PAPR Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
CAUG No data
PAPR 0.00%
Payout (12M)
CAUG None
PAPR None

Distribution history

Per share, 2019, same scale for both

CAUGAll CAUG payments⁠

No distribution history available.

PAPR1 paymentAll PAPR payments⁠
One bar per payment. 1 payment in 2019. Nov 19, 2019 $0.80. Use the arrow keys to read each point.$0$0.502019

CAUG vs PAPR Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CAUG No dataPAPR 5.9%
Return per unit of riskSharpe ratio, 3 years
CAUG No dataPAPR 1.31
Worst fallMax drawdown, 5 years
CAUG No dataPAPR −11.9%
Market sensitivityBeta, 5 years
CAUG 0.00PAPR 0.45

CAUG and PAPR in the news

All news⁠

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