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CAUG vs PJAN

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

CAUGCCboe

Innovator U.S. Equity Power Buffer ETF

PJANCCboe

Overlap

Expense ratio

CAUG −0.49pt a year

CAUG0.30%PJAN0.79%

Avg volume · 30D

PJAN 128.7×the volume

CAUG410PJAN52.8K

CAUG vs PJAN Performance

Sep 30, 2026 – Oct 30, 2026

−0.4%CAUG+0.1%PJAN

Sep 30, 2026 to Oct 30, 2026. CAUG −0.4%. PJAN +0.1%. Use the arrow keys to read each point.0.5%0.75%1%1.25%Sep 30Oct 15Oct 30
Expense ratio
CAUG 0.30%, better
PJAN 0.79%
Fund size
CAUG $1M
PJAN $1.41B
1Y total return
CAUG No data
PJAN +10.1%
Holdings
CAUG 4
PJAN 3
Avg volume (30D)
CAUG 410 sh
PJAN 52.8K sh, better
NAV per share
CAUG $25.21
PJAN $50.78
52W range

ETF.net Grade

CAUG: Cost 83, Risk 48, Mission not scored, Tradability 14, Holdings not scored, Durability 2. PJAN: Cost 35, Risk 52, Mission not scored, Tradability 72, Holdings not scored, Durability 88.
Pillar letters and Scores for CAUG, PJAN, with each pillar’s weight
PillarCAUGPJAN
Cost30% weightA83HigherD35
Mission25% weightNot scoredNot scored
Risk15% weightC48C52Higher
Tradability15% weightF14A72Higher
Holdings10% weightNot scoredNot scored
Durability5% weightF2A88Higher

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 PJAN 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 ›

PJAN ranks 10th and CAUG 33rd of 51 funds in the S&P 500 Buffer 15% Category.

  1. Rank 8CPNOVInnovator U.S. Equity Power Buffer ETFScore 52
  2. Rank 10CPJANInnovator U.S. Equity Power Buffer ETFScore 51
  3. Rank 11CPAPRInnovator U.S. Equity Power Buffer 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

PJANCInnovator U.S. Equity Power Buffer ETF

In short

CAUG No data

PJAN The January edition of Innovator's 15% Power Buffer series: it absorbs the first 15% of an S&P 500 price drop over the year in exchange for a capped upside, then resets every January 1. One of the originals, running since 2019.

Stated mandate

CAUG No data

PJAN The fund uses a defined-outcome strategy tied to SPY, seeking to track its return up to a cap while protecting the first 15% of losses during the annual outcome period.

Why people hold it

CAUG No data

  • PJAN Launched January 2019, one of the first calendar-year buffer ETFs, and now among the larger funds in the buffer space with many reset cycles behind it.innovatoretfs.com
  • The mechanic is simple: the first 15% of SPY's price decline over the outcome period is absorbed, upside runs to a cap set at the start of each January, then it all resets.sec.gov
  • The 0.79% fee sits right at the median for buffer funds, and this is one of the stronger implementations in a crowded 15%-buffer peer group.
  • Moderately traded with a full twelve-month sibling lineup behind it, so the January vintage is a deliberate pick rather than the only door in.

Worth knowing

CAUG No data

  • PJAN The buffer and cap are designed for investors who hold from the start of the outcome period to its end. Buy mid-period and your effective cushion and remaining upside differ.sec.gov
  • It follows SPY's price return only. The fund does not receive the underlying ETF's dividends, and it is not built as an income vehicle.sec.gov
  • One start date, one calendar. Siblings like PAPR, PJUL and POCT run the same 15% buffer off other months, and BUFF ladders across the year.

Full CAUG profile⁠

Full PJAN profile⁠

CAUG vs PJAN 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 PJAN Cost

Overpaying PJAN vs CAUG

$9,025

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

  • CAUG 0.30%

    $6,149

  • PJAN 0.79%

    $15,174

$10,000
30 years

Cost over time

  • CAUG 0.30%
  • PJAN 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$20K051015202530PJAN $15,174CAUG $6,149

Year by year

YearCAUGPJANOverpaying
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%PJAN
  • Middle half of S&P 500 Buffer 15% funds
  • Median 0.79%

CAUG cheapest of 51 funds

PJAN 24th cheapest of 51 funds

CAUG vs PJAN Dividends

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

Distribution history

CAUGAll CAUG payments⁠

No distribution history available.

PJANAll PJAN payments⁠

No distribution history available.

CAUG vs PJAN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CAUG No dataPJAN 6.2%
Return per unit of riskSharpe ratio, 3 years
CAUG No dataPJAN 1.45
Worst fallMax drawdown, 5 years
CAUG No dataPJAN −11.9%
Market sensitivityBeta, 5 years
CAUG 0.00PJAN 0.50

CAUG and PJAN in the news

All news⁠

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