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AUGP vs BMAR

PGIM S&P 500 Buffer 12 ETF - August

AUGPBCboe

Innovator U.S. Equity Buffer ETF

BMARCCboe

Overlap

Expense ratio

AUGP −0.29pt a year

AUGP0.50%BMAR0.79%

Avg volume · 30D

BMAR 2.2×the volume

AUGP7.35KBMAR15.9K

AUGP vs BMAR Performance

Oct 31, 2025 – Nov 2, 2026

+9.9%AUGP+12.7%BMAR

Oct 31, 2025 to Nov 2, 2026. AUGP +9.9%. BMAR +12.7%. Use the arrow keys to read each point.0%2.5%5%7.5%15%Oct 2025May 2026Nov 2026
Expense ratio
AUGP 0.50%, better
BMAR 0.79%
Fund size
AUGP $38M
BMAR $201M
1Y total return
AUGP +9.9%
BMAR +12.7%, better
Holdings
AUGP 4
BMAR 3
Avg volume (30D)
AUGP 7.35K sh
BMAR 15.9K sh, better
NAV per share
AUGP $33.89
BMAR $58.97
52W range

ETF.net Grade

AUGP: Cost 91, Risk 72, Mission not scored, Tradability 24, Holdings not scored, Durability 38. BMAR: Cost 40, Risk 63, Mission not scored, Tradability 61, Holdings not scored, Durability 68.
Pillar letters and Scores for AUGP, BMAR, with each pillar’s weight
PillarAUGPBMAR
Cost30% weightA91HigherC40
Mission25% weightNot scoredNot scored
Risk15% weightA72HigherB63
Tradability15% weightF24B61Higher
Holdings10% weightNot scoredNot scored
Durability5% weightD38B68Higher

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 BMAR 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 BMAR 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 33CBAPRInnovator U.S. Equity Buffer ETFScore 52
  5. Rank 33CBMARInnovator U.S. Equity Buffer ETFScore 52
  6. Rank 33CNVBTAllianzIM U.S. Equity Buffer10 Nov ETFScore 52

Our read on each fund

ETF.net Research

AUGPBPGIM S&P 500 Buffer 12 ETF - August

BMARCInnovator U.S. Equity Buffer ETF

In short

AUGP No data

BMAR The March vintage of Innovator's buffer lineup: it tracks SPY up to a cap set each March 1, and absorbs the first 9% of losses over the 12 months that follow. Running since 2020.

Stated mandate

AUGP No data

BMAR The fund seeks to track SPY's return up to a predetermined cap while protecting against the first 9% of losses during the outcome period.

Why people hold it

AUGP No data

  • BMAR The 9% cushion is written into the fund's terms, not left to a manager's judgment, and it resets with a fresh cap every March 1.innovatoretfs.com
  • At 0.79%, the fee sits right at the median for its shallow-buffer peer group. The March calendar slot costs no premium.
  • The reference asset is SPY itself, so the exposure underneath is plain US large-cap, with no bespoke index to decode.innovatoretfs.com

Worth knowing

AUGP No data

  • BMAR Protection runs 9% deep and no further. Losses past that come through in full, and gains stop at the cap.
  • Terms are set for the full outcome period. Enter mid-period and your real cushion and remaining upside differ from the headline numbers.innovatoretfs.com
  • Laddered rivals cost less: BUFB spreads buffer exposure across vintages for 0.10%, a fraction of BMAR's 0.79%.

Full AUGP profile⁠

Full BMAR profile⁠

AUGP vs BMAR 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 BMAR Cost

Overpaying BMAR vs AUGP

$5,195

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

  • AUGP 0.50%

    $9,979

  • BMAR 0.79%

    $15,174

$10,000
30 years

Cost over time

  • AUGP 0.50%
  • BMAR 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$20K051015202530BMAR $15,174AUGP $9,979

Year by year

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

AUGP 5th cheapest of 77 funds

BMAR 34th cheapest of 77 funds

AUGP vs BMAR Dividends

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

Distribution history

AUGPAll AUGP payments⁠

No distribution history available.

BMARAll BMAR payments⁠

No distribution history available.

AUGP vs BMAR 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 2024BMAR 8.0%
Return per unit of riskSharpe ratio, 3 years
AUGP 1.31since Jun 2024BMAR 1.58
Worst fallMax drawdown, 5 years
AUGP −11.1%since May 2024BMAR −15.0%
Market sensitivityBeta, 5 years
AUGP 0.53BMAR 0.63

Popular comparisons

  • AUGPBvsZALTA

    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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  • BMARCvsZALTA

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  • AUGPBvsTENJB

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    Expense ratio
    0.50% · 0.53%
    Category
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  • BMARCvsTENJB

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    Expense ratio
    0.79% · 0.53%
    Category
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  • AUGPBvsSIXJB

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    Expense ratio
    0.50% · 0.74%
    Category
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  • BMARCvsSIXJB

    Innovator U.S. Equity Buffer ETF · AllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETF

    Expense ratio
    0.79% · 0.74%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.