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CAUG vs PMAY

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

CAUGCCboe

Innovator U.S. Equity Power Buffer ETF - May

PMAYCCboe

Overlap

0.0%by weight

Expense ratio

CAUG −0.49pt a year

CAUG0.30%PMAY0.79%

Avg volume · 30D

PMAY 80.1×the volume

CAUG410PMAY32.9K

CAUG vs PMAY Performance

Sep 30, 2026 – Oct 30, 2026

−0.4%CAUG−0.2%PMAY

Sep 30, 2026 to Oct 30, 2026. CAUG −0.4%. PMAY −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
PMAY 0.79%
Fund size
CAUG $1M
PMAY $781M
1Y total return
CAUG No data
PMAY +8.1%
Holdings
CAUG 4
PMAY 3
Avg volume (30D)
CAUG 410 sh
PMAY 32.9K sh, better
NAV per share
CAUG $25.21
PMAY $42.17
52W range

ETF.net Grade

CAUG: Cost 83, Risk 48, Mission not scored, Tradability 14, Holdings not scored, Durability 2. PMAY: Cost 35, Risk 64, Mission not scored, Tradability 51, Holdings not scored, Durability 76.
Pillar letters and Scores for CAUG, PMAY, with each pillar’s weight
PillarCAUGPMAY
Cost30% weightA83HigherD35
Mission25% weightNot scoredNot scored
Risk15% weightC48B64Higher
Tradability15% weightF14C51Higher
Holdings10% weightNot scoredNot scored
Durability5% weightF2A76Higher

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 PMAY 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 ›

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

  1. Rank 14CLOCTInnovator Premium Income 15 Buffer ETFScore 48
  2. Rank 14CPMAYInnovator U.S. Equity Power Buffer ETF - MayScore 48
  3. Rank 16CPDECInnovator 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

PMAYCInnovator U.S. Equity Power Buffer ETF - May

In short

CAUG No data

PMAY A 15% cushion on the S&P 500, rebooted every May. PMAY gives up part of the upside (a cap reset each period) in exchange for absorbing the index's first 15 points of losses, and it can be held through reset after reset.

Stated mandate

CAUG No data

PMAY The fund seeks to participate in SPY's gains up to a preset cap while protecting the first 15% of SPY losses during each roughly annual outcome period. It resets for a new outcome period and may be held indefinitely.

Why people hold it

CAUG No data

  • PMAY The buffer is the whole point: the first 15% of S&P 500 losses over each roughly one-year period are absorbed before fees, then the structure resets for a new period.
  • You know the calendar in advance. Each outcome period runs from May 1 to the end of the following April, so the reset date is never a surprise.
  • Easy to get in and out of by buffer-fund standards: trading costs and market quality rate near the top of the S&P 500 buffer group.
  • Running since 2020 and one of the stronger implementations in a crowded field of S&P 500 buffer funds.

Worth knowing

CAUG No data

  • PMAY The cap is the price of the cushion. Upside is limited each period, and a fresh cap is set at every reset, so it can land above or below the previous one.
  • Timing matters: buy mid-period and your effective cap and remaining buffer differ from the stated terms, which are designed to work over a full outcome period.
  • At 0.79%, it sits at the typical price for single-month buffer funds, while laddered alternatives like BUFP (0.50%) and PSFF (0.10%) charge less.

Full CAUG profile⁠

Full PMAY profile⁠

CAUG vs PMAY Holdings

How CAUG and PMAY differ

Overlap by weight

0.0%

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

Level by level

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

Sector

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

Concentration

Weight in the 10 largest Holdings

  • CAUG102.8%
  • PMAY103.0%

Securities held

  • CAUG3
  • PMAY3

Asset class

CAUG
Equity
PMAY
Equity

Holdings

  • Only in CAUG3
  • In both0
  • Only in PMAY3

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 PMAY

3 securities, 100% of PMAY by weight

  • Spy 04/30/2027 7.19 C99.97%
  • Spy 04/30/2027 718.66 P2.76%
  • Us Bank Mmda - Usbgfs 9 09/01/20370.31%

Weight gaps

CAUG and PMAY share no securities.

All CAUG holdings⁠All 6 PMAY 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 PMAY Cost

Overpaying PMAY vs CAUG

$9,025

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

  • CAUG 0.30%

    $6,149

  • PMAY 0.79%

    $15,174

$10,000
30 years

Cost over time

  • CAUG 0.30%
  • PMAY 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$20K051015202530PMAY $15,174CAUG $6,149

Year by year

YearCAUGPMAYOverpaying
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%PMAY
  • Middle half of S&P 500 Buffer 15% funds
  • Median 0.79%

CAUG cheapest of 51 funds

PMAY 24th cheapest of 51 funds

CAUG vs PMAY Dividends

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

Distribution history

CAUGAll CAUG payments⁠

No distribution history available.

PMAYAll PMAY payments⁠

No distribution history available.

CAUG vs PMAY Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CAUG No dataPMAY 4.2%
Return per unit of riskSharpe ratio, 3 years
CAUG No dataPMAY 1.92
Worst fallMax drawdown, 5 years
CAUG No dataPMAY −13.0%
Market sensitivityBeta, 5 years
CAUG 0.00PMAY 0.31

CAUG and PMAY in the news

All news⁠

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