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AUGP vs BMAY

PGIM S&P 500 Buffer 12 ETF - August

AUGPBCboe

Innovator U.S. Equity Buffer ETF

BMAYCCboe

Overlap

Expense ratio

AUGP −0.29pt a year

AUGP0.50%BMAY0.79%

Avg volume · 30D

BMAY 2.7×the volume

AUGP7.35KBMAY20.1K

AUGP vs BMAY Performance

Oct 31, 2025 – Oct 30, 2026

+10.3%AUGP+9.4%BMAY

Oct 31, 2025 to Oct 30, 2026. AUGP +10.3%. BMAY +9.4%. Use the arrow keys to read each point.−2.5%0%2.5%5%12.5%Oct 2025Apr 2026Oct 2026
Expense ratio
AUGP 0.50%, better
BMAY 0.79%
Fund size
AUGP $38M
BMAY $180M
1Y total return
AUGP +10.3%, better
BMAY +9.4%
Holdings
AUGP 4
BMAY 3
Avg volume (30D)
AUGP 7.35K sh
BMAY 20.1K sh, better
NAV per share
AUGP $34.23
BMAY $48.33
52W range

ETF.net Grade

AUGP: Cost 91, Risk 72, Mission not scored, Tradability 24, Holdings not scored, Durability 38. BMAY: Cost 40, Risk 68, Mission not scored, Tradability 52, Holdings not scored, Durability 73.
Pillar letters and Scores for AUGP, BMAY, with each pillar’s weight
PillarAUGPBMAY
Cost30% weightA91HigherC40
Mission25% weightNot scoredNot scored
Risk15% weightA72HigherB68
Tradability15% weightF24C52Higher
Holdings10% weightNot scoredNot scored
Durability5% weightD38A73Higher

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 BMAY 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 BMAY 37th 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 37CBJUNInnovator U.S. Equity Buffer ETFScore 51
  5. Rank 37CBMAYInnovator U.S. Equity Buffer ETFScore 51
  6. Rank 40CBNOVInnovator U.S. Equity Buffer ETFScore 50

Our read on each fund

ETF.net Research

AUGPBPGIM S&P 500 Buffer 12 ETF - August

BMAYCInnovator U.S. Equity Buffer ETF

In short

AUGP No data

BMAY Innovator's May-dated buffer fund: it shadows the S&P 500 up to a preset cap and absorbs the first 9% of losses over a one-year outcome period that resets each May 1. The shallow buffer is what buys the higher cap.

Stated mandate

AUGP No data

BMAY 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

  • BMAY The contract is spelled out up front: first 9% of S&P 500 losses absorbed, gains capped, over a defined period ending April 30. You know the shape of the outcome before you own it.
  • 0.79% a year, right at the median for its buffer cohort. Options-built defense costs more than plain index beta, but you aren't paying above the going rate for it.
  • Live since 2020, with several full outcome periods behind it rather than a launch-week track record.
  • Lands in the upper half of a crowded cohort of 50-plus shallow S&P 500 buffer funds.

Worth knowing

AUGP No data

  • BMAY The 9% buffer and the cap belong to the full outcome period. Buy mid-period and you inherit whatever protection and upside are left, not the headline terms.
  • Thinly traded next to the S&P 500 giants, so spreads can be wider and limit orders earn their keep.
  • Innovator's laddered sibling BUFB spreads across start months and carries a 0.10% expense ratio, a cheaper route for anyone who doesn't want a single calendar slot.

Full AUGP profile⁠

Full BMAY profile⁠

AUGP vs BMAY 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 BMAY Cost

Overpaying BMAY vs AUGP

$5,195

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

  • AUGP 0.50%

    $9,979

  • BMAY 0.79%

    $15,174

$10,000
30 years

Cost over time

  • AUGP 0.50%
  • BMAY 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$20K051015202530BMAY $15,174AUGP $9,979

Year by year

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

AUGP 5th cheapest of 77 funds

BMAY 34th cheapest of 77 funds

AUGP vs BMAY Dividends

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

Distribution history

AUGPAll AUGP payments⁠

No distribution history available.

BMAYAll BMAY payments⁠

No distribution history available.

AUGP vs BMAY 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 2024BMAY 6.1%
Return per unit of riskSharpe ratio, 3 years
AUGP 1.31since Jun 2024BMAY 1.82
Worst fallMax drawdown, 5 years
AUGP −11.1%since May 2024BMAY −17.7%
Market sensitivityBeta, 5 years
AUGP 0.53BMAY 0.48

Popular comparisons

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