PSEP vs ZAUG
Innovator U.S. Equity Power Buffer ETF - September vs Innovator Equity Defined Protection ETF - 1 Yr August
Which is better, PSEP or ZAUG?
PSEP has been ahead.
PSEP led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | PSEP | ZAUG |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $1.2B | $165M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 12 | 21 |
| YTD Return | +7.66%Best | +4.59% |
| 1Y Return | +10.18%Best | +5.65% |
| 3Y Return (annualized) | +12.76% | - |
| 5Y Return (annualized) | +9.76% | - |
| Volatility (annualized) | 5.7% | 3.0%Best |
| Max Drawdown | -9.9% | -4.8%Best |
| $10,000 over 2.2 years | $12,506Best | $11,631 |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Aug 30, 2019 | Jul 31, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Aug 1, 2024 to Oct 14, 2026 (2.2 years).
PSEP vs ZAUG growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.2 years both funds cover.
PSEP vs ZAUG Performance
Innovator U.S. Equity Power Buffer ETF - September (PSEP) is an ETF from Innovator ETFs Trust and Innovator Equity Defined Protection ETF - 1 Yr August (ZAUG) is an ETF from Innovator ETFs Trust. Over the past year PSEP returned +10.18% while ZAUG returned +5.65%. Year to date, PSEP is up 7.66% versus a gain of 4.59% for ZAUG.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PSEP has been the more volatile fund, with annualized monthly volatility of 5.7% compared with 3.0% for ZAUG. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -9.9% for PSEP and -4.8% for ZAUG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PSEP charges 0.79% per year while ZAUG charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, PSEP currently yields 0.00% against 0.00% for ZAUG.
Holdings Overlap
We hold position weights for 494 holdings in PSEP and 1 in ZAUG, totalling 98.1% and 100.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 494 positions we hold weights for in PSEP and 1 in ZAUG, against full books of 12 and 21.
You are not choosing between two funds in isolation.
Whichever of PSEP and ZAUG you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PSEP or ZAUG?
PSEP has an expense ratio of 0.79% while ZAUG charges 0.79%. At the precision these are quoted to, they cost the same.
Which performed better, PSEP or ZAUG?
Over the past year PSEP returned +10.18% vs +5.65% for ZAUG, so PSEP leads on 1-year performance. Over the longest common window we track (2 years), PSEP annualized +10.70% vs +7.11% for ZAUG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PSEP or ZAUG?
PSEP has been the more volatile fund at 5.7% annualized versus 3.0% for ZAUG. Worst drawdown: PSEP -9.9% vs ZAUG -4.8%.
Should I hold both PSEP and ZAUG?
PSEP and ZAUG have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, PSEP or ZAUG?
PSEP yields 0.00% while ZAUG yields 0.00%, so ZAUG currently pays the higher dividend yield.
Is ZAUG better than PSEP?
PSEP led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98. Which one suits a particular account depends on what it is for. This is information, not a recommendation.