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AUGP vs BAPR

PGIM S&P 500 Buffer 12 ETF - August

AUGPBCboe

Innovator U.S. Equity Buffer ETF

BAPRCCboe

Overlap

Expense ratio

AUGP −0.29pt a year

AUGP0.50%BAPR0.79%

Avg volume · 30D

BAPR 1.1×the volume

AUGP7.35KBAPR7.82K

AUGP vs BAPR Performance

Oct 31, 2025 – Nov 2, 2026

+9.9%AUGP+15.3%BAPR

Oct 31, 2025 to Nov 2, 2026. AUGP +9.9%. BAPR +15.3%. Use the arrow keys to read each point.0%5%Oct 2025May 2026Nov 2026
Expense ratio
AUGP 0.50%, better
BAPR 0.79%
Fund size
AUGP $38M
BAPR $414M
1Y total return
AUGP +9.9%
BAPR +15.3%, better
Holdings
AUGP 4
BAPR 3
Avg volume (30D)
AUGP 7.35K sh
BAPR 7.82K sh, better
NAV per share
AUGP $33.89
BAPR $54.64
52W range

ETF.net Grade

AUGP: Cost 91, Risk 72, Mission not scored, Tradability 24, Holdings not scored, Durability 38. BAPR: Cost 40, Risk 59, Mission not scored, Tradability 60, Holdings not scored, Durability 82.
Pillar letters and Scores for AUGP, BAPR, with each pillar’s weight
PillarAUGPBAPR
Cost30% weightA91HigherC40
Mission25% weightNot scoredNot scored
Risk15% weightA72HigherB59
Tradability15% weightF24B60Higher
Holdings10% weightNot scoredNot scored
Durability5% weightD38A82Higher

Rank among S&P 500 Buffer 9-12% funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. AUGP and BAPR are both graded against the same 77 S&P 500 Buffer 9-12% funds, so their Grades compare head to head.

S&P 500 Buffer 9-12%⁠

Category · 77 funds
See all 77 ›

AUGP ranks 2nd and BAPR 33rd of 77 funds in the S&P 500 Buffer 9-12% Category.

  1. Rank 1AZALTInnovator U.S. Equity 10 Buffer ETF - QuarterlyScore 77
  2. Rank 2BAUGPPGIM S&P 500 Buffer 12 ETF - AugustScore 67
  3. Rank 3BTENJiShares Large Cap 10% Target Buffer Jun ETFScore 66
  4. Rank 33CAUGTAllianzIM U.S. Equity Buffer10 Aug ETFScore 52
  5. Rank 33CBAPRInnovator U.S. Equity Buffer ETFScore 52
  6. Rank 33CBMARInnovator U.S. Equity Buffer ETFScore 52

Our read on each fund

ETF.net Research

AUGPBPGIM S&P 500 Buffer 12 ETF - August

BAPRCInnovator U.S. Equity Buffer ETF

In short

AUGP No data

BAPR Buffered S&P 500 exposure on an April clock. FLEX options absorb the first 9% of a drawdown over each roughly one-year period, and the trade-off is a ceiling on the upside. Live since 2019, resetting every April 1.

Stated mandate

AUGP No data

BAPR The Fund seeks to replicate the performance of an ETF tracking the S&P 500 over the current approximately one-year Outcome Period, subject to a cap, while buffering the first 9% of losses. It uses FLEX Options referencing the Underlying ETF.

Why people hold it

AUGP No data

  • BAPR The first 9% of an S&P 500 decline is absorbed over each roughly one-year outcome period, built from FLEX options on SPY inside a 1940 Act fund rather than a bank note.
  • Clean annual reset: each April 1 starts a new twelve-month period with a fresh 9% buffer and a fresh cap, no rolling or rebalancing on your end.
  • Trading since April 2019, so the April vintage has already run through multiple full outcome periods, including live market stress.

Worth knowing

AUGP No data

  • BAPR The upside is capped. In a strong S&P 500 year the fund is designed to stop participating once the period's cap is reached.
  • Buffer and cap are measured from the April 1 start. Buy mid-period and the protection left and the room above you differ from the headline terms.
  • 0.79% a year, above cheaper buffered peers such as SWAN and DMAX. It is also one of the lighter-volume buffer funds and has not been paying distributions.

Full AUGP profile⁠

Full BAPR profile⁠

AUGP vs BAPR Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AUGP vs BAPR Cost

Overpaying BAPR vs AUGP

$5,195

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • AUGP 0.50%

    $9,979

  • BAPR 0.79%

    $15,174

$10,000
30 years

Cost over time

  • AUGP 0.50%
  • BAPR 0.79%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BAPR $15,174AUGP $9,979

Year by year

YearAUGPBAPROverpaying
10$900$1,405$505
20$3,460$5,331$1,871
30$9,979$15,174$5,195

Expense ratio

  • 0.50%AUGP, cheaper
  • 0.79%BAPR
  • Middle half of S&P 500 Buffer 9-12% funds
  • Median 0.79%

AUGP 5th cheapest of 77 funds

BAPR 34th cheapest of 77 funds

AUGP vs BAPR Dividends

Last 12 months to Nov 2, 2026
Payout (12M)
AUGP None
BAPR None

Distribution history

AUGPAll AUGP payments⁠

No distribution history available.

BAPRAll BAPR payments⁠

No distribution history available.

AUGP vs BAPR Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AUGP 6.2%since Jun 2024BAPR 7.9%
Return per unit of riskSharpe ratio, 3 years
AUGP 1.31since Jun 2024BAPR 1.44
Worst fallMax drawdown, 5 years
AUGP −11.1%since May 2024BAPR −15.6%
Market sensitivityBeta, 5 years
AUGP 0.53BAPR 0.64

AUGP and BAPR in the news

All news⁠

Popular comparisons

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