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AUGP vs BNOV

PGIM S&P 500 Buffer 12 ETF - August

AUGPBCboe

Innovator U.S. Equity Buffer ETF

BNOVCCboe

Overlap

Expense ratio

AUGP −0.29pt a year

AUGP0.50%BNOV0.79%

Avg volume · 30D

BNOV 2.4×the volume

AUGP7.43KBNOV17.6K

AUGP vs BNOV Performance

Nov 7, 2025 – Nov 9, 2026

+10.8%AUGP+11.1%BNOV

Nov 7, 2025 to Nov 9, 2026. AUGP +10.8%. BNOV +11.1%. Use the arrow keys to read each point.0%5%15%Nov 2025May 2026Nov 2026
Expense ratio
AUGP 0.50%, better
BNOV 0.79%
Fund size
AUGP $38M
BNOV $195M
1Y total return
AUGP +10.8%
BNOV +11.1%, better
Holdings
AUGP 4
BNOV 503
Avg volume (30D)
AUGP 7.43K sh
BNOV 17.6K sh, better
NAV per share
AUGP $33.29
BNOV $47.65
52W range

ETF.net Grade

AUGP: Cost 91, Risk 69, Mission not scored, Tradability 25, Holdings not scored, Durability 39. BNOV: Cost 40, Risk 34, Mission 84, Tradability 54, Holdings 89, Durability 76.
Pillar letters and Scores for AUGP, BNOV, with each pillar’s weight
PillarAUGPBNOV
Cost30% weightA91HigherC40
Mission25% weightNot scoredA84
Risk15% weightB69HigherD34
Tradability15% weightD25C54Higher
Holdings10% weightNot scoredA89
Durability5% weightD39A76Higher

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 BNOV 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 BNOV 40th of 77 funds in the S&P 500 Buffer 9-12% Category.

  1. Rank 1AZALTInnovator U.S. Equity 10 Buffer ETF - QuarterlyScore 76
  2. Rank 2BAUGPPGIM S&P 500 Buffer 12 ETF - AugustScore 66
  3. Rank 2BSIXJAllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETFScore 66
  4. Rank 37CBMAYInnovator U.S. Equity Buffer ETFScore 51
  5. Rank 40CBNOVInnovator U.S. Equity Buffer ETFScore 50
  6. Rank 41CFFEBFT Vest U.S. Equity Buffer ETF - FebruaryScore 48

Our read on each fund

ETF.net Research

AUGPBPGIM S&P 500 Buffer 12 ETF - August

BNOVCInnovator U.S. Equity Buffer ETF

In short

AUGP No data

BNOV The November rung of Innovator's buffer lineup: it follows the big S&P 500 ETF up to a cap set each November 1 and absorbs that ETF's first 9% of losses, then starts over a year later.

Stated mandate

AUGP No data

BNOV The fund seeks to track SPY up to a predetermined cap while buffering investors against the first 9% of losses over the outcome period.

Why people hold it

AUGP No data

  • BNOV The contract is simple: the first 9% of the reference S&P 500 ETF's decline is buffered over the outcome period, with gains capped at a level fixed at the start.
  • Running since its 2019 launch, it resets on a fixed calendar: a fresh buffer and cap every November 1, through the following October 31.
  • The 0.79% expense ratio sits right at the median for shallow-buffer funds built on the same S&P 500 ETF.
  • The defined outcome arrives in a plain 1940 Act ETF wrapper, not a bank-issued structured note.

Worth knowing

AUGP No data

  • BNOV Priced with the pack at 0.79%, but cheaper paths to a buffer exist, including the laddered BUFB at 0.10%.
  • The buffer and cap are engineered for a full outcome period. Buying mid-period means your effective protection and upside differ from the headline terms.
  • It trades thinly next to its peers, and across a crowded field of 50-plus shallow-buffer funds it sits in the lower half on cost, trading and risk.

Full AUGP profile⁠

Full BNOV profile⁠

AUGP vs BNOV 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 BNOV Cost

Overpaying BNOV vs AUGP

$5,195

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

  • AUGP 0.50%

    $9,979

  • BNOV 0.79%

    $15,174

$10,000
30 years

Cost over time

  • AUGP 0.50%
  • BNOV 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$20K051015202530BNOV $15,174AUGP $9,979

Year by year

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

AUGP 5th cheapest of 77 funds

BNOV 34th cheapest of 77 funds

AUGP vs BNOV Dividends

Last 12 months to Nov 9, 2026
Payout (12M)
AUGP None
BNOV None

Distribution history

AUGPAll AUGP payments⁠

No distribution history available.

BNOVAll BNOV payments⁠

No distribution history available.

AUGP vs BNOV 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 2024BNOV 8.0%
Return per unit of riskSharpe ratio, 3 years
AUGP 1.31since Jun 2024BNOV 1.23
Worst fallMax drawdown, 5 years
AUGP −11.1%since May 2024BNOV −16.3%
Market sensitivityBeta, 5 years
AUGP 0.54BNOV 0.71

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

  • BNOVCvsZALTA

    Innovator U.S. Equity Buffer ETF · Innovator U.S. Equity 10 Buffer ETF - Quarterly

    Expense ratio
    0.79% · 0.69%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • AUGPBvsSIXJB

    PGIM S&P 500 Buffer 12 ETF - August · AllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETF

    Expense ratio
    0.50% · 0.74%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • BNOVCvsSIXJB

    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.

  • AUGPBvsJANPB

    PGIM S&P 500 Buffer 12 ETF - August · PGIM S&P 500 Buffer 12 ETF - January

    Expense ratio
    0.50% · 0.50%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • BNOVCvsJANPB

    Innovator U.S. Equity Buffer ETF · PGIM S&P 500 Buffer 12 ETF - January

    Expense ratio
    0.79% · 0.50%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.