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KAUG vs SMMD

Innovator U.S. Small Cap Power Buffer ETF - August vs iShares Russell 2500 ETF

KAUG

Innovator U.S. Small Cap Power Buffer ETF - August

Annual cost

0.79%

Fund size

$80M

SMMD

iShares Russell 2500 ETF

Annual cost

0.15%

Fund size

$3.0B

Key differences

  • SMMD costs 0.64% less per year.
  • SMMD is significantly larger than KAUG — larger funds tend to be more liquid and less likely to close.
  • KAUG is classified as alternative, while SMMD is equity — different risk/return profiles.
  • KAUG follows a structured outcome strategy; SMMD uses index tracking.
  • SMMD has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

KAUGSMMD
Annual cost (TER)0.79%0.15%
Fund size (AUM)$80M$3.0B
Since20242017
Dividend yield0.00%1.10%
Asset classalternativeequity
Regionnorth americanorth america
Strategystructured outcomeindex tracking
CAGR 1Y+17.0%+39.3%
CAGR 3YN/A+19.5%
CAGR 5YN/A+8.4%
Sharpe 3YN/A0.84
Volatility 1Y8.09%17.31%
Max drawdown-15.66%-41.06%

Similar to KAUG and SMMD