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CAUG vs PAUG

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

CAUGCCboe

Innovator U.S. Equity Power Buffer ETF - August

PAUGCCboe

Overlap

0.0%by weight

Expense ratio

CAUG −0.49pt a year

CAUG0.30%PAUG0.79%

Avg volume · 30D

PAUG 214.4×the volume

CAUG410PAUG87.9K

CAUG vs PAUG Performance

Sep 30, 2026 – Oct 30, 2026

−0.4%CAUG−0.2%PAUG

Sep 30, 2026 to Oct 30, 2026. CAUG −0.4%. PAUG −0.2%. Use the arrow keys to read each point.0%0.25%0.5%0.75%1%1.25%Sep 30Oct 15Oct 30
Expense ratio
CAUG 0.30%, better
PAUG 0.79%
Fund size
CAUG $1M
PAUG $1.04B
1Y total return
CAUG No data
PAUG +8.9%
Yield (12M)
CAUG No data
PAUG 0.00%
Holdings
CAUG 4
PAUG 3
Avg volume (30D)
CAUG 410 sh
PAUG 87.9K sh, better
NAV per share
CAUG $25.21
PAUG $46.64
52W range

ETF.net Grade

CAUG: Cost 83, Risk 48, Mission not scored, Tradability 14, Holdings not scored, Durability 2. PAUG: Cost 35, Risk 57, Mission not scored, Tradability 74, Holdings not scored, Durability 84.
Pillar letters and Scores for CAUG, PAUG, with each pillar’s weight
PillarCAUGPAUG
Cost30% weightA83HigherD35
Mission25% weightNot scoredNot scored
Risk15% weightC48B57Higher
Tradability15% weightF14A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightF2A84Higher

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 PAUG 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 ›

PAUG ranks 8th and CAUG 33rd of 51 funds in the S&P 500 Buffer 15% Category.

  1. Rank 6CQBSFAllianzIM U.S. Equity Buffer15 ETFScore 54
  2. Rank 8CPAUGInnovator U.S. Equity Power Buffer ETF - AugustScore 52
  3. Rank 8CPNOVInnovator U.S. Equity Power Buffer ETFScore 52
  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

PAUGCInnovator U.S. Equity Power Buffer ETF - August

In short

CAUG No data

PAUG A shock absorber with a calendar. PAUG soaks up the first 15% of losses on an S&P 500 ETF over each roughly one-year stretch, trades away some upside via a cap, then resets every August 1.

Stated mandate

CAUG No data

PAUG PAUG seeks to track SPY up to a predetermined upside cap while protecting the first 15% of losses over an approximately annual outcome period, resetting at the end of each period.

Why people hold it

CAUG No data

  • PAUG The first 15 percentage points of reference-fund losses over the outcome period are absorbed before you feel anything. That buffer is written into the fund's documents, not left to a manager's judgment.innovatoretfs.com
  • What's being shaped is plain vanilla US large cap: the reference asset is SPY, the S&P 500 tracker, not a bespoke smart-beta index built for the brochure.
  • Live since August 2019, so the annual reset has run through several very different markets. It also has eleven monthly siblings, so the choice is a start date, not a strategy.
  • Among the stronger implementations in a crowded buffer field, where a lot of look-alike funds charge similar money for similar mechanics.

Worth knowing

CAUG No data

  • PAUG Upside is capped, and the cap is set fresh each period. Buy mid-period and you inherit whatever cap and buffer remain, which can look nothing like the headline terms.
  • 0.79% a year is the price of the options engineering. It sits right at the median for buffer funds and well above plain index exposure.
  • One of the quieter tickers in a busy category, so limit orders and a look at the spread matter more here than with a mega-fund.

Full CAUG profile⁠

Full PAUG profile⁠

CAUG vs PAUG Holdings

How CAUG and PAUG differ

Overlap by weight

0.0%

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

Level by level

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

Sector

Sector weights in CAUG and PAUG, widest gap first
SectorMore in CAUGMore in PAUG
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 PAUG, widest gap first
CountryMore in CAUGMore in PAUG
United StatesSame weight
SwitzerlandSame weight
ChinaSame weight
MexicoSame weight
IrelandSame weight
United KingdomSame weight

Concentration

Weight in the 10 largest Holdings

  • CAUG102.8%
  • PAUG103.4%

Securities held

  • CAUG3
  • PAUG3

Asset class

CAUG
Equity
PAUG
Equity

Holdings

  • Only in CAUG3
  • In both0
  • Only in PAUG3

Only in CAUG

3 securities, 100% of CAUG by weight

  • Spy 07/30/2027 151.53 C80.17%
  • United States Treasury Note/Bond 2.75% 07/31/202716.73%
  • Spy 07/30/2027 757.67 P4.74%

Only in PAUG

3 securities, 100% of PAUG by weight

  • Spy 07/30/2027 7.47 C98.75%
  • Spy 07/30/2027 747.03 P4.33%
  • Us Bank Mmda - Usbgfs 9 09/01/20370.30%

Weight gaps

CAUG and PAUG share no securities.

All CAUG holdings⁠All 6 PAUG 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 PAUG Cost

Overpaying PAUG vs CAUG

$9,025

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

  • CAUG 0.30%

    $6,149

  • PAUG 0.79%

    $15,174

$10,000
30 years

Cost over time

  • CAUG 0.30%
  • PAUG 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$20K051015202530PAUG $15,174CAUG $6,149

Year by year

YearCAUGPAUGOverpaying
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%PAUG
  • Middle half of S&P 500 Buffer 15% funds
  • Median 0.79%

CAUG cheapest of 51 funds

PAUG 24th cheapest of 51 funds

CAUG vs PAUG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
CAUG No data
PAUG 0.00%
Payout (12M)
CAUG None
PAUG None

Distribution history

Per share, 2019, same scale for both

CAUGAll CAUG payments⁠

No distribution history available.

PAUG1 paymentAll PAUG payments⁠
One bar per payment. 1 payment in 2019. Nov 19, 2019 $0.34. Use the arrow keys to read each point.$0$0.252019

CAUG vs PAUG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CAUG No dataPAUG 6.2%
Return per unit of riskSharpe ratio, 3 years
CAUG No dataPAUG 1.58
Worst fallMax drawdown, 5 years
CAUG No dataPAUG −11.8%
Market sensitivityBeta, 5 years
CAUG 0.00PAUG 0.49

CAUG and PAUG in the news

All news⁠

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