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CAUG vs PDEC

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

CAUGCCboe

Innovator U.S. Equity Power Buffer ETF

PDECCCboe

Overlap

0.0%by weight

Expense ratio

CAUG −0.49pt a year

CAUG0.30%PDEC0.79%

Avg volume · 30D

PDEC 53.5×the volume

CAUG410PDEC21.9K

CAUG vs PDEC Performance

Sep 30, 2026 – Oct 30, 2026

−0.4%CAUG0.0%PDEC

Sep 30, 2026 to Oct 30, 2026. CAUG −0.4%. PDEC 0.0%. Use the arrow keys to read each point.0.25%0.5%0.75%1%1.25%Sep 30Oct 15Oct 30
Expense ratio
CAUG 0.30%, better
PDEC 0.79%
Fund size
CAUG $1M
PDEC $977M
1Y total return
CAUG No data
PDEC +10.7%
Holdings
CAUG 4
PDEC 3
Avg volume (30D)
CAUG 410 sh
PDEC 21.9K sh, better
NAV per share
CAUG $25.21
PDEC $47.12
52W range

ETF.net Grade

CAUG: Cost 83, Risk 48, Mission not scored, Tradability 14, Holdings not scored, Durability 2. PDEC: Cost 35, Risk 54, Mission not scored, Tradability 57, Holdings not scored, Durability 78.
Pillar letters and Scores for CAUG, PDEC, with each pillar’s weight
PillarCAUGPDEC
Cost30% weightA83HigherD35
Mission25% weightNot scoredNot scored
Risk15% weightC48C54Higher
Tradability15% weightF14B57Higher
Holdings10% weightNot scoredNot scored
Durability5% weightF2A78Higher

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 PDEC 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 ›

PDEC ranks 16th and CAUG 33rd of 51 funds in the S&P 500 Buffer 15% Category.

  1. Rank 14CPMAYInnovator U.S. Equity Power Buffer ETF - MayScore 48
  2. Rank 16CPDECInnovator U.S. Equity Power Buffer ETFScore 47
  3. Rank 16CPFEBInnovator U.S. Equity Power Buffer ETFScore 47
  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

PDECCInnovator U.S. Equity Power Buffer ETF

In short

CAUG No data

PDEC The December door into Innovator's buffer lineup: it tracks SPY up to a preset cap while absorbing the first 15% of losses. Running since 2019, it resets each December 1 and can be held indefinitely.

Stated mandate

CAUG No data

PDEC The Fund seeks to track SPY’s return up to a predetermined cap and buffer investors against an initial portion of losses over the outcome period, before fees and expenses.

Why people hold it

CAUG No data

  • PDEC The cushion is thick: the first 15% of SPY's losses over the outcome period are absorbed before fees. Past that, losses land one for one.sec.gov
  • Set-and-reset mechanics. The cap and 15% buffer refresh at the start of each December outcome period, and shares can be held straight through the rollover.innovatoretfs.com
  • Innovator launched the first defined-outcome buffer ETFs, and this December vintage dates to 2019. It sits among the stronger builds in its buffer peer group.innovatoretfs.com

Worth knowing

CAUG No data

  • PDEC The cap is the rent you pay for the cushion. Upside above it is left on the table, and each December's cap is set by option pricing at the time.innovatoretfs.com
  • Buy mid-period and your cap and remaining buffer differ from the headline terms. Shares also trade lightly, so the spread deserves a look.innovatoretfs.com
  • At 0.79% it sits right at the buffer-category median, and laddered rivals like PSFF (0.10%) and BUFP (0.50%) run cheaper.

Full CAUG profile⁠

Full PDEC profile⁠

CAUG vs PDEC Holdings

How CAUG and PDEC differ

Overlap by weight

0.0%

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

Level by level

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

Sector

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

Concentration

Weight in the 10 largest Holdings

  • CAUG102.8%
  • PDEC100.9%

Securities held

  • CAUG3
  • PDEC3

Asset class

CAUG
Equity
PDEC
Equity

Holdings

  • Only in CAUG3
  • In both0
  • Only in PDEC3

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 PDEC

3 securities, 100% of PDEC by weight

  • Spy 11/30/2026 6.83 C100.36%
  • Spy 11/30/2026 683.39 P0.28%
  • Us Bank Mmda - Usbgfs 9 09/01/20370.28%

Weight gaps

CAUG and PDEC share no securities.

All CAUG holdings⁠All 6 PDEC 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 PDEC Cost

Overpaying PDEC vs CAUG

$9,025

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

  • CAUG 0.30%

    $6,149

  • PDEC 0.79%

    $15,174

$10,000
30 years

Cost over time

  • CAUG 0.30%
  • PDEC 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$20K051015202530PDEC $15,174CAUG $6,149

Year by year

YearCAUGPDECOverpaying
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%PDEC
  • Middle half of S&P 500 Buffer 15% funds
  • Median 0.79%

CAUG cheapest of 51 funds

PDEC 24th cheapest of 51 funds

CAUG vs PDEC Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
CAUG None
PDEC None

Distribution history

CAUGAll CAUG payments⁠

No distribution history available.

PDECAll PDEC payments⁠

No distribution history available.

CAUG vs PDEC Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CAUG No dataPDEC 7.0%
Return per unit of riskSharpe ratio, 3 years
CAUG No dataPDEC 1.31
Worst fallMax drawdown, 5 years
CAUG No dataPDEC −11.5%
Market sensitivityBeta, 5 years
CAUG 0.00PDEC 0.52

CAUG and PDEC in the news

All news⁠

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