UAUG vs GMMF
Comparison between Innovator U.S. Equity Ultra Buffer ETF - August (UAUG, ETF) and iShares Government Money Market ETF (GMMF, ETF).
UAUG vs GMMF - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
UAUG
$167M
GMMF
$167M
Expense Ratio
UAUG
0.79%
Winner
GMMF
0.20%
Max Drawdown
UAUG
13.91%
Winner
GMMF
0.43%
Sharpe Ratio
Winner
UAUG
1.80
GMMF
0.37
5Y Beta
UAUG
0.46
Winner
GMMF
-0.00
UAUG vs GMMF - Historical Returns
Returns include dividend reinvestment.
1M
Winner
UAUG
+0.58%
GMMF
+0.32%
3M
Winner
UAUG
+5.26%
GMMF
+0.90%
6M
Winner
UAUG
+5.13%
GMMF
+1.76%
1Y
Winner
UAUG
+14.03%
GMMF
+3.85%
5Y(CAGR)
UAUG
+7.93%
GMMF
N/A
Max(CAGR)
Winner
UAUG
+7.88%
GMMF
+3.93%
UAUG vs GMMF - Annual Returns (2019 - 2026)
Returns include dividend reinvestment.
| Year | UAUG | GMMF |
|---|---|---|
| 2026 | +4.56% | +1.54% |
| 2025 | +12.52% | +3.70% |
| 2024 | +16.04% | N/A |
| 2023 | +17.90% | N/A |
| 2022 | -10.88% | N/A |
| 2021 | +5.52% | N/A |
| 2020 | +7.59% | N/A |
| 2019 | +4.07% | N/A |
UAUG vs GMMF Drawdown Comparison
The maximum drawdown for UAUG was -13.91%, occurring on Oct 12, 2022. Recovery took 384 trading sessions.
The maximum drawdown for GMMF was -0.03%, occurring on Jul 14, 2025. Recovery took 4 trading sessions.
The current UAUG drawdown is -0.23%.
| Rank | UAUG | GMMF |
|---|---|---|
| #1 | -13.91% Jan 4, 2022 - Jul 18, 2023 | -0.03% Jul 11, 2025 - Jul 17, 2025 |
| #2 | -13.63% Feb 19, 2020 - Jul 15, 2020 | -0.02% Apr 8, 2025 - Apr 10, 2025 |
| #3 | -10.35% Feb 19, 2025 - Jun 6, 2025 | -0.01% Jun 2, 2025 - Jun 4, 2025 |
| #4 | -5.61% Aug 1, 2023 - Nov 22, 2023 | -0.01% Mar 17, 2025 - Mar 20, 2025 |
| #5 | -3.96% Feb 2, 2026 - Apr 13, 2026 | -0.01% Feb 20, 2025 - Feb 27, 2025 |
| #6 | -2.88% Mar 27, 2024 - May 6, 2024 | -0.01% Jan 5, 2026 - Jan 9, 2026 |
| #7 | -2.74% Jul 31, 2024 - Aug 15, 2024 | -0.01% Feb 7, 2025 - Feb 11, 2025 |
| #8 | -2.21% Aug 26, 2020 - Oct 12, 2020 | -0.01% Mar 24, 2025 - Mar 26, 2025 |
| #9 | -2.03% Aug 30, 2024 - Sep 13, 2024 | -0.01% Jul 1, 2025 - Jul 3, 2025 |
| #10 | -2.01% Oct 13, 2020 - Nov 5, 2020 | -0.01% Apr 10, 2025 - Apr 14, 2025 |
| #11 | -1.96% Oct 28, 2025 - Dec 3, 2025 | -0.01% Aug 11, 2025 - Aug 14, 2025 |
| #12 | -1.71% Dec 6, 2024 - Jan 21, 2025 | -0.01% Jun 16, 2025 - Jun 18, 2025 |
| #13 | -1.70% Sep 12, 2019 - Oct 17, 2019 | -0.01% Dec 15, 2025 - Dec 17, 2025 |
| #14 | -1.67% Aug 31, 2021 - Oct 20, 2021 | -0.01% Jun 24, 2025 - Jun 26, 2025 |
| #15 | -1.52% Aug 1, 2019 - Sep 4, 2019 | -0.01% Apr 28, 2025 - May 2, 2025 |
Correlation
Correlation between UAUG and GMMF is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.
0.94
-101
Dividend Comparison (2019 - 2026)
UAUG vs GMMF dividend yield comparison.
| Year | UAUG | GMMF |
|---|---|---|
| 2026 | 0.00% | 1.48% |
| 2025 | 0.00% | 3.45% |
| 2019 | 0.83% | 0.00% |
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