DAUG vs UFEB: Grades, Fees and Holdings Compared

FT Vest U.S. Equity Deep Buffer ETF - August

DAUGCCboe

Innovator U.S. Equity Ultra Buffer ETF

UFEBBCboe

Overlap

0.0%by weight

Expense ratio

UFEB −0.06pt a year

DAUG0.85%UFEB0.79%

Avg volume · 30D

UFEB 1.2×the volume

DAUG26.3KUFEB32.8K

5Y return · a year

UFEB +1.0pt

DAUG+6.2%UFEB+7.2%

DAUG vs UFEB Performance

Nov 2, 2021 – Nov 2, 2026

+34.9%DAUG+41.8%UFEB

Expense ratio: DAUG 0.85%; UFEB 0.79%, better
Fund size: DAUG $446M; UFEB $167M
1Y total return: DAUG +7.6%; UFEB +9.4%, better
Holdings: DAUG 3; UFEB 3
Avg volume (30D): DAUG 26.3K sh; UFEB 32.8K sh, better
NAV per share: DAUG $47.42; UFEB $39.55
52W range

ETF.net Grade

Pillar letters and Scores for DAUG, UFEB, with each pillar’s weight
Pillar	DAUG	UFEB
Cost30% weight	D31	B67Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	C45	B64Higher
Tradability15% weight	A74Higher	B63
Holdings10% weight	C48	Not scored
Durability5% weight	A79Higher	C45

Rank among S&P 500 Deep Buffer 25-30% funds

How we build Categories ›

Same Category. DAUG and UFEB are both graded against the same 19 S&P 500 Deep Buffer 25-30% funds, so their Grades compare head to head.

S&P 500 Deep Buffer 25-30%⁠

Category · 19 funds

See all 19 ›

UFEB ranks 1st and DAUG 10th of 19 funds in the S&P 500 Deep Buffer 25-30% Category.

Rank 1BPSCXPacer Swan SOS Conservative (January) ETFScore 63
Rank 1BUFEBInnovator U.S. Equity Ultra Buffer ETFScore 63
Rank 3BPSCQPacer Swan SOS Conservative (October) ETFScore 60
Rank 9CDJULFT Vest U.S. Equity Deep Buffer ETF - JulyScore 49
Rank 10CDAUGFT Vest U.S. Equity Deep Buffer ETF - AugustScore 47
Rank 10CDMARFT Vest U.S. Equity Deep Buffer ETF - MarchScore 47

Our read on each fund

ETF.net Research

DAUGCFT Vest U.S. Equity Deep Buffer ETF - August

UFEBBInnovator U.S. Equity Ultra Buffer ETF

In short

DAUG Insurance with a deductible. DAUG bears the first 5% of an S&P 500 slide, then absorbs the next 25 points of losses, and in exchange your upside is capped at a level reset every August. Running since 2019.

UFEB No data

Stated mandate

DAUG The Fund seeks to match the price return of the State Street SPDR S&P 500 ETF Trust before fees and expenses, subject to an 11.98% upside cap and protection for losses in the -5% to -30% range during the current outcome period.

UFEB No data

Why people hold it

DAUG The cushion sits where drawdowns bite: SPY losses between -5% and -30% are absorbed, a 25-point buffer, before losses pass through one-for-one again.sec.gov
Twelve siblings run the same deep-buffer recipe on a monthly cycle (DJAN through DDEC), so you can pick a reset month or spread money across several start dates.
Terms are knowable up front: the new cap is set at each August reset, disclosed in a filing and posted to the fund's site before the period begins.sec.gov
Live since 2019, so this August reset has been rolled through real market stress rather than a backtest.

UFEB No data

Worth knowing

DAUG The reference is SPY's price return, so S&P 500 dividends are not part of what you capture. That is part of what the buffer costs.sec.gov
Buffer and cap are designed for the full outcome period. Buy midstream and your own remaining cushion and upside differ from the headline terms.sec.gov
0.85% matches the deep-buffer cohort median, while Pacer's SOS conservative funds (PSCX, PSCW) charge 0.49%. Volume is light here, so spreads can run wider.

UFEB No data

Full DAUG profile⁠

Full UFEB profile⁠

DAUG vs UFEB Holdings

How DAUG and UFEB differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of DAUG and 0.0% of UFEB.

Level by level

Holdings0 in both0.0%
Countryby domicile100%
Sector11 Sectors100%

Sector

Sector weights in DAUG and UFEB, widest gap first
Sector	More in DAUGMore in UFEB	DAUG	UFEB
Technology	Same weight	40.1%	40.1%
Financials	Same weight	11.3%	11.3%
Communication	Same weight	9.9%	9.9%
Health Care	Same weight	9.4%	9.4%
Consumer Discretionary	Same weight	8.7%	8.7%
Industrials	Same weight	7.6%	7.6%
Consumer Staples	Same weight	4.4%	4.4%
Energy	Same weight	3.4%	3.4%
Utilities	Same weight	1.9%	1.9%
Real Estate	Same weight	1.7%	1.7%
Materials	Same weight	1.6%	1.6%

Country, concentration and asset class

Country by domicile

Country weights in DAUG and UFEB, widest gap first
Country	More in DAUGMore in UFEB	DAUG	UFEB
United States	Same weight	99.5%	99.5%
Switzerland	Same weight	0.3%	0.3%
China	Same weight	0.1%	0.1%
Mexico	Same weight	0.1%	0.1%
Ireland	Same weight	0.0%	0.0%
United Kingdom	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

DAUG102.1%
UFEB102.7%

Securities held

DAUG2
UFEB3

Asset class

DAUG: Multi-Asset
UFEB: Equity

Holdings

Only in DAUG2
In both0
Only in UFEB3

Only in DAUG

2 securities, 100% of DAUG by weight

2027-08-20 State Street® SPDR® S&P 500® ETF Trust C 7.6597.33%
2027-08-20 State Street® SPDR® S&P 500® ETF Trust P 727.433.75%

Only in UFEB

3 securities, 100% of UFEB by weight

Spy 01/29/2027 6.89 C101.63%
Spy 01/29/2027 657.37 P0.72%
Us Bank Mmda - Usbgfs 9 09/01/20370.32%

Weight gaps

DAUG and UFEB share no securities.

All 4 DAUG holdings⁠All 6 UFEB 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.

DAUG vs UFEB Cost

Overpaying DAUG vs UFEB

$1,025

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

DAUG 0.85%
$16,199
UFEB 0.79%
$15,174

Amount$10,000

Years30 years

Cost over time

DAUG 0.85%
UFEB 0.79%
Overpaying

Year by year

Year	DAUG	UFEB	Overpaying
10	$1,508	$1,405	$103
20	$5,706	$5,331	$375
30	$16,199	$15,174	$1,025

Expense ratio

0.85%DAUG
0.79%UFEB, cheaper

UFEB0.79%DAUG0.85%

0.30%0.85%

Middle half of S&P 500 Deep Buffer 25-30% funds
Median 0.85%

UFEB 7th cheapest of 19 funds

DAUG 8th cheapest of 19 funds

DAUG vs UFEB Dividends

Last 12 months to Nov 2, 2026

Payout (12M): DAUG None; UFEB None

Distribution history

DAUGAll DAUG payments⁠

No distribution history available.

UFEBAll UFEB payments⁠

No distribution history available.

DAUG vs UFEB Risk

Fall from peak · 5 years

DAUG
UFEB

Risk facts

VolatilityStd dev, 3 years: DAUG 6.2%UFEB 5.9%, better
Return per unit of riskSharpe ratio, 3 years: DAUG 1.33UFEB 1.43, better
Worst fallMax drawdown, 5 years: DAUG −15.3%UFEB −9.0%, better
Market sensitivityBeta, 5 years: DAUG 0.53UFEB 0.46; Market = 1

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