UAUG ETF — Innovator U.S. Equity Ultra Buffer ETF - August

Innovator U.S. Equity Ultra Buffer ETF - August (UAUG)

Updated October 16, 2026.

UAUG is an ETF. its expense ratio is 0.79%. Total return is 73.3% over the past 7.2 years, 114.1 points behind SPY at 187.4%.

Innovator U.S. Equity Ultra Buffer ETF - August is an ETF that invests at least 80% of its assets in the State Street SPDR S&P 500 ETF Trust, employing options strategies designed to provide downside protection on S&P 500 exposure. The fund does not currently distribute to shareholders, though it has made special one-time distributions that should not be relied upon as recurring income. With an expense ratio of 0.79%, this ETF appeals to equity investors seeking S&P 500 participation with built-in downside buffering rather than those seeking regular income.

UAUG performance versus SPY

Price and return data through 2026-10-16.

Total return is 73.3% over the past 7.2 years, 114.1 points behind SPY at 187.4%. Over the past year its total return — price change plus distributions reinvested — is 10.0%. Its deepest 1-year drawdown was 4.0%.

UAUG key facts

Issuer

Innovator ETFs

Asset type

ETF

Asset class

Equity

Inception date

07/31/2019

Expense ratio

0.79%

Distribution frequency

None

Last close

$43.04 (as of 2026-10-16)

AUM

$247,604,683

Average volume

3630.0

Ex-dividend date

11/19/2019

Payment date

11/21/2019

Beta

0.52

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Innovator ETFs; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

UAUG risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 4.0%.

Who may consider UAUG — and who may not

It is a weaker fit for investors who need monthly cash flow (UAUG does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on UAUG

• All tickers starting with U

Tagged: Downside Protection, Options, S&P500.

Frequently asked questions

More securities from Innovator ETFs.