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UAUG vs USEP

Innovator U.S. Equity Ultra Buffer ETF - August

UAUGCCboe

Innovator U.S. Equity Ultra Buffer ETF

USEPBCboe

Overlap

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

UAUG0.79%USEP0.79%

Avg volume · 30D

USEP 1.4×the volume

UAUG33.1KUSEP46.7K

5Y return · a year

UAUG +0.1pt

UAUG+8.1%USEP+8.0%

UAUG vs USEP Performance

Oct 29, 2021 – Oct 30, 2026

+47.4%UAUG+47.3%USEP

Oct 29, 2021 to Oct 30, 2026. UAUG +47.4%. USEP +47.3%. Use the arrow keys to read each point.−10%0%10%20%30%Oct 2021Apr 2024Oct 2026
Expense ratio
UAUG 0.79%
USEP 0.79%
Fund size
UAUG $246M
USEP $243M
1Y total return
UAUG +8.2%, better
USEP +7.5%
Yield (12M)
UAUG 0.00%
USEP 0.00%
Holdings
UAUG 4
USEP 4
Avg volume (30D)
UAUG 33.1K sh
USEP 46.7K sh, better
NAV per share
UAUG $42.89
USEP $41.90
52W range

ETF.net Grade

UAUG: Cost 50, Risk 50, Mission not scored, Tradability 44, Holdings 60, Durability 68. USEP: Cost 50, Risk 43, Mission not scored, Tradability 72, Holdings 59, Durability 66.
Pillar letters and Scores for UAUG, USEP, with each pillar’s weight
PillarUAUGUSEP
Cost30% weightC50C50
Mission25% weightNot scoredNot scored
Risk15% weightC50HigherC43
Tradability15% weightC44A72Higher
Holdings10% weightB60HigherB59
Durability5% weightB68HigherB66

Rank among S&P 500 Ultra Buffer 30% funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. UAUG and USEP are both graded against the same 13 S&P 500 Ultra Buffer 30% funds, so their Grades compare head to head.

S&P 500 Ultra Buffer 30%⁠

Category · 13 funds
See all 13 ›

USEP ranks 2nd and UAUG 6th of 13 funds in the S&P 500 Ultra Buffer 30% Category.

  1. Rank 1BUJANInnovator U.S. Equity Ultra Buffer ETFScore 57
  2. Rank 2BUJUNInnovator U.S. Equity Ultra Buffer ETF - JuneScore 55
  3. Rank 2CUOCTInnovator U.S. Equity Ultra Buffer ETF OctoberScore 55
  4. Rank 2BUSEPInnovator U.S. Equity Ultra Buffer ETFScore 55
  5. Rank 5CUDECInnovator U.S. Equity Ultra Buffer ETF - DecemberScore 52
  6. Rank 6CUAUGInnovator U.S. Equity Ultra Buffer ETF - AugustScore 51
  7. Rank 6CUJULInnovator U.S. Equity Ultra Buffer ETF - JulyScore 51

UAUG vs USEP 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.

UAUG vs USEP Cost

Same expense ratio

$15,174

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

  • UAUG 0.79%

    $15,174

  • USEP 0.79%

    $15,174

$10,000
30 years

Cost over time

  • UAUG 0.79%
  • USEP 0.79%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530UAUG $15,174USEP $15,174

Year by year

YearUAUGUSEP
10$1,405$1,405
20$5,331$5,331
30$15,174$15,174

Expense ratio

  • 0.79%UAUG
  • 0.79%USEP
  • Middle half of S&P 500 Ultra Buffer 30% funds
  • Median 0.79%

UAUG 2nd cheapest of 13 funds

USEP 2nd cheapest of 13 funds

UAUG vs USEP Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
UAUG 0.00%
USEP 0.00%
Payout (12M)
UAUG None
USEP None

Distribution history

Per share, 2019, same scale for both

UAUG1 paymentAll UAUG payments⁠
One bar per payment. 1 payment in 2019. Nov 19, 2019 $0.21. Use the arrow keys to read each point.$0$0.252019
USEP1 paymentAll USEP payments⁠
One bar per payment. 1 payment in 2019. Nov 19, 2019 $0.16. Use the arrow keys to read each point.$0$0.252019

UAUG vs USEP Risk

Fall from peak · 5 years

  • UAUG
  • USEP
Oct 29, 2021 to Oct 30, 2026. Worst fall: UAUG −13.9% · Oct 2022. Use the arrow keys to read each point.−15%−10%−5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
UAUG 6.5%USEP 6.0%, better
Return per unit of riskSharpe ratio, 3 years
UAUG 1.47, betterUSEP 1.36
Worst fallMax drawdown, 5 years
UAUG −13.9%USEP −11.8%, better
Market sensitivityBeta, 5 years
UAUG 0.53USEP 0.48

Popular comparisons

  • UAUGCvsUJANB

    Innovator U.S. Equity Ultra Buffer ETF - August · Innovator U.S. Equity Ultra Buffer ETF

    Expense ratio
    0.79% · 0.79%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • USEPBvsUJANB

    Innovator U.S. Equity Ultra Buffer ETF · Innovator U.S. Equity Ultra Buffer ETF

    Expense ratio
    0.79% · 0.79%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UAUGCvsUJUNB

    Innovator U.S. Equity Ultra Buffer ETF - August · Innovator U.S. Equity Ultra Buffer ETF - June

    Expense ratio
    0.79% · 0.79%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • USEPBvsUJUNB

    Innovator U.S. Equity Ultra Buffer ETF · Innovator U.S. Equity Ultra Buffer ETF - June

    Expense ratio
    0.79% · 0.79%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UAUGCvsUOCTC

    Innovator U.S. Equity Ultra Buffer ETF - August · Innovator U.S. Equity Ultra Buffer ETF October

    Expense ratio
    0.79% · 0.79%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • USEPBvsUOCTC

    Innovator U.S. Equity Ultra Buffer ETF · Innovator U.S. Equity Ultra Buffer ETF October

    Expense ratio
    0.79% · 0.79%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.