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CAUG vs PFEB

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

CAUGCCboe

Innovator U.S. Equity Power Buffer ETF

PFEBCCboe

Overlap

0.0%by weight

Expense ratio

CAUG −0.49pt a year

CAUG0.30%PFEB0.79%

Avg volume · 30D

PFEB 69.0×the volume

CAUG410PFEB28.3K

CAUG vs PFEB Performance

Oct 2, 2026 – Nov 2, 2026

−1.1%CAUG−0.6%PFEB

Oct 2, 2026 to Nov 2, 2026. CAUG −1.1%. PFEB −0.6%. Use the arrow keys to read each point.0%0.5%Oct 2Oct 16Nov 2
Expense ratio
CAUG 0.30%, better
PFEB 0.79%
Fund size
CAUG $1M
PFEB $884M
1Y total return
CAUG No data
PFEB +9.9%
Holdings
CAUG 4
PFEB 3
Avg volume (30D)
CAUG 410 sh
PFEB 28.3K sh, better
NAV per share
CAUG $25.21
PFEB $44.07
52W range

ETF.net Grade

CAUG: Cost 83, Risk 48, Mission not scored, Tradability 14, Holdings not scored, Durability 2. PFEB: Cost 35, Risk 54, Mission not scored, Tradability 58, Holdings not scored, Durability 77.
Pillar letters and Scores for CAUG, PFEB, with each pillar’s weight
PillarCAUGPFEB
Cost30% weightA83HigherD35
Mission25% weightNot scoredNot scored
Risk15% weightC48C54Higher
Tradability15% weightF14B58Higher
Holdings10% weightNot scoredNot scored
Durability5% weightF2A77Higher

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 PFEB 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 ›

PFEB ranks 14th and CAUG 33rd of 51 funds in the S&P 500 Buffer 15% Category.

  1. Rank 13CPJULInnovator U.S. Equity Power Buffer ETFScore 49
  2. Rank 14CPFEBInnovator U.S. Equity Power Buffer ETFScore 48
  3. Rank 14CPMAYInnovator U.S. Equity Power Buffer ETF - MayScore 48
  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

PFEBCInnovator U.S. Equity Power Buffer ETF

In short

CAUG No data

PFEB February is the whole point. PFEB restarts each year with a fresh 15% cushion against SPY losses, in exchange for a ceiling on the upside that resets at the same time. Same recipe as its sibling months, different calendar.

Stated mandate

CAUG No data

PFEB The Fund seeks to follow SPY’s return up to a predetermined cap and protect investors from the first 15% of losses during the outcome period.

Why people hold it

CAUG No data

  • PFEB The contract is simple: absorb the first 15% of SPY's decline over the outcome period, then follow SPY's gains up to a predetermined cap.innovatoretfs.com
  • The reference asset is SPY itself, not a bespoke in-house index. You are hedging the same S&P 500 exposure millions of people already hold.innovatoretfs.com
  • At 0.79%, the fee sits right at the middle of its buffer-fund cohort. The options machinery costs what it costs across this group.
  • Innovator has run the February lane since 2020, and the fund stands in the upper half of a crowded field of 15% buffer strategies.

Worth knowing

CAUG No data

  • PFEB Buffer and cap are defined for a full outcome period. Enter mid-period and you inherit whatever cushion and upside are left, not the headline 15%.innovatoretfs.com
  • The cap cuts both ways. In a roaring year for the S&P 500, participation stops where the cap stops.innovatoretfs.com
  • It trades less actively than the largest buffer ETFs, which can show up as wider bid-ask spreads. Also a price-return vehicle: no distribution stream.

Full CAUG profile⁠

Full PFEB profile⁠

CAUG vs PFEB Holdings

How CAUG and PFEB differ

Overlap by weight

0.0%

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

Level by level

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

Sector

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

Concentration

Weight in the 10 largest Holdings

  • CAUG102.9%
  • PFEB102.6%

Securities held

  • CAUG3
  • PFEB3

Asset class

CAUG
Equity
PFEB
Equity

Holdings

  • Only in CAUG3
  • In both0
  • Only in PFEB3

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 PFEB

3 securities, 100% of PFEB by weight

  • Spy 01/29/2027 6.92 C101.08%
  • Spy 01/29/2027 691.97 P1.24%
  • Us Bank Mmda - Usbgfs 9 09/01/20370.24%

Weight gaps

CAUG and PFEB share no securities.

All CAUG holdings⁠All 6 PFEB 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 PFEB Cost

Overpaying PFEB vs CAUG

$9,025

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

  • CAUG 0.30%

    $6,149

  • PFEB 0.79%

    $15,174

$10,000
30 years

Cost over time

  • CAUG 0.30%
  • PFEB 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$20K051015202530PFEB $15,174CAUG $6,149

Year by year

YearCAUGPFEBOverpaying
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%PFEB
  • Middle half of S&P 500 Buffer 15% funds
  • Median 0.79%

CAUG cheapest of 51 funds

PFEB 24th cheapest of 51 funds

CAUG vs PFEB Dividends

Last 12 months to Nov 2, 2026
Payout (12M)
CAUG None
PFEB None

Distribution history

CAUGAll CAUG payments⁠

No distribution history available.

PFEBAll PFEB payments⁠

No distribution history available.

CAUG vs PFEB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CAUG No dataPFEB 6.1%
Return per unit of riskSharpe ratio, 3 years
CAUG No dataPFEB 1.43
Worst fallMax drawdown, 5 years
CAUG No dataPFEB −11.0%
Market sensitivityBeta, 5 years
CAUG 0.00PFEB 0.45

CAUG and PFEB in the news

All news⁠

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