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SMMD vs KAUG

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

SMMD

iShares Russell 2500 ETF

iShares

Annual cost

0.15%

Fund size

$3.0B

KAUG

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

Innovator ETFs

Annual cost

0.79%

Fund size

$80M

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.
  • SMMD is classified as equity, while KAUG is alternative — different risk/return profiles.
  • SMMD follows a index tracking strategy; KAUG uses structured outcome.
  • SMMD has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

SMMDKAUG
Annual cost (TER)0.15%0.79%
Fund size (AUM)$3.0B$80M
Since20172024
Dividend yield1.10%0.00%
Asset classequityalternative
Regionnorth americanorth america
Strategyindex trackingstructured outcome
CAGR 1Y+39.3%+17.0%
CAGR 3Y+19.5%N/A
CAGR 5Y+8.4%N/A
Sharpe 3Y0.84N/A
Volatility 1Y17.31%8.09%
Max drawdown-41.06%-15.66%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to SMMD and KAUG