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AUGP vs BFEB

PGIM S&P 500 Buffer 12 ETF - August

AUGPBCboe

Innovator U.S. Equity Buffer ETF - February

BFEBCCboe

Overlap

Expense ratio

AUGP −0.29pt a year

AUGP0.50%BFEB0.79%

Avg volume · 30D

BFEB 2.3×the volume

AUGP7.35KBFEB17.2K

AUGP vs BFEB Performance

Oct 31, 2025 – Oct 30, 2026

+10.3%AUGP+12.4%BFEB

Oct 31, 2025 to Oct 30, 2026. AUGP +10.3%. BFEB +12.4%. Use the arrow keys to read each point.0%5%15%Oct 2025Apr 2026Oct 2026
Expense ratio
AUGP 0.50%, better
BFEB 0.79%
Fund size
AUGP $38M
BFEB $204M
1Y total return
AUGP +10.3%
BFEB +12.4%, better
Holdings
AUGP 4
BFEB 3
Avg volume (30D)
AUGP 7.35K sh
BFEB 17.2K sh, better
NAV per share
AUGP $34.23
BFEB $53.79
52W range

ETF.net Grade

AUGP: Cost 91, Risk 72, Mission not scored, Tradability 24, Holdings not scored, Durability 38. BFEB: Cost 40, Risk 54, Mission not scored, Tradability 79, Holdings not scored, Durability 74.
Pillar letters and Scores for AUGP, BFEB, with each pillar’s weight
PillarAUGPBFEB
Cost30% weightA91HigherC40
Mission25% weightNot scoredNot scored
Risk15% weightA72HigherC54
Tradability15% weightF24A79Higher
Holdings10% weightNot scoredNot scored
Durability5% weightD38A74Higher

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 BFEB 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 BFEB 30th 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 27CSIXFAllianzIM U.S. Equity 6 Month Buffer10 Feb/Aug ETFScore 55
  5. Rank 30CBFEBInnovator U.S. Equity Buffer ETF - FebruaryScore 54
  6. Rank 30BBSEPInnovator U.S. Equity Buffer ETFScore 54

Our read on each fund

ETF.net Research

AUGPBPGIM S&P 500 Buffer 12 ETF - August

BFEBCInnovator U.S. Equity Buffer ETF - February

In short

AUGP No data

BFEB The February slot in Innovator's buffer lineup: FLEX options on SPY that absorb the first 9% of a decline over an approximately annual outcome period, in exchange for a ceiling on the upside that resets every February.

Stated mandate

AUGP No data

BFEB The Fund seeks to track SPY's return up to a predetermined cap while protecting against the first 9% of losses during an approximately annual outcome period. It uses FLEX Options and may invest directly in the underlying ETF or its components.

Why people hold it

AUGP No data

  • BFEB Absorbs the first 9% of SPY's losses (before fees) over an approximately annual outcome period, using FLEX options inside an ordinary 1940 Act fund rather than a bank note.innovatoretfs.com
  • The 0.79% expense ratio sits right at the median for shallow-buffer SPY funds. You pay the going rate for the structure, not a premium for the calendar month.
  • Terms reset on their own each February 1, so there is no options roll to manage and no maturity date to diarize.innovatoretfs.com
  • One of a monthly family running the same SPY buffer recipe (BJAN, BMAY, BJUL and others), so the start date isn't locked to a single point on the calendar.

Worth knowing

AUGP No data

  • BFEB The cap is what pays for the buffer. Upside stops at a level set each February, and anything SPY earns above it is left on the table.
  • Headline terms apply to holders across a full outcome period. Buy mid-period and you inherit whatever buffer and cap are left, not the stated 9%.innovatoretfs.com
  • Trades thinly next to the largest buffer funds, which tends to mean wider bid-ask spreads on the way in and out.

Full AUGP profile⁠

Full BFEB profile⁠

AUGP vs BFEB 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 BFEB Cost

Overpaying BFEB vs AUGP

$5,195

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

  • AUGP 0.50%

    $9,979

  • BFEB 0.79%

    $15,174

$10,000
30 years

Cost over time

  • AUGP 0.50%
  • BFEB 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$20K051015202530BFEB $15,174AUGP $9,979

Year by year

YearAUGPBFEBOverpaying
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%BFEB
  • Middle half of S&P 500 Buffer 9-12% funds
  • Median 0.79%

AUGP 5th cheapest of 77 funds

BFEB 34th cheapest of 77 funds

AUGP vs BFEB Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
AUGP None
BFEB None

Distribution history

AUGPAll AUGP payments⁠

No distribution history available.

BFEBAll BFEB payments⁠

No distribution history available.

AUGP vs BFEB 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 2024BFEB 8.2%
Return per unit of riskSharpe ratio, 3 years
AUGP 1.31since Jun 2024BFEB 1.53
Worst fallMax drawdown, 5 years
AUGP −11.1%since May 2024BFEB −14.8%
Market sensitivityBeta, 5 years
AUGP 0.53BFEB 0.67

Popular comparisons

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    PGIM S&P 500 Buffer 12 ETF - August · Innovator U.S. Equity 10 Buffer ETF - Quarterly

    Expense ratio
    0.50% · 0.69%
    Category
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  • BFEBCvsZALTA

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    Category
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    Category
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  • BFEBCvsSIXJB

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    Expense ratio
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    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.