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AUGP vs BOCT

PGIM S&P 500 Buffer 12 ETF - August

AUGPBCboe

Innovator U.S. Equity Buffer ETF

BOCTBCboe

Overlap

Expense ratio

AUGP −0.29pt a year

AUGP0.50%BOCT0.79%

Avg volume · 30D

BOCT 4.1×the volume

AUGP7.35KBOCT30.3K

AUGP vs BOCT Performance

Oct 31, 2025 – Oct 30, 2026

+10.3%AUGP+12.1%BOCT

Oct 31, 2025 to Oct 30, 2026. AUGP +10.3%. BOCT +12.1%. Use the arrow keys to read each point.0%5%15%Oct 2025Apr 2026Oct 2026
Expense ratio
AUGP 0.50%, better
BOCT 0.79%
Fund size
AUGP $38M
BOCT $357M
1Y total return
AUGP +10.3%
BOCT +12.1%, better
Yield (12M)
AUGP No data
BOCT 0.00%
Holdings
AUGP 4
BOCT 503
Avg volume (30D)
AUGP 7.35K sh
BOCT 30.3K sh, better
NAV per share
AUGP $34.23
BOCT $54.74
52W range

ETF.net Grade

AUGP: Cost 91, Risk 72, Mission not scored, Tradability 24, Holdings not scored, Durability 38. BOCT: Cost 40, Risk 47, Mission 87, Tradability 70, Holdings 90, Durability 78.
Pillar letters and Scores for AUGP, BOCT, with each pillar’s weight
PillarAUGPBOCT
Cost30% weightA91HigherC40
Mission25% weightNot scoredA87
Risk15% weightA72HigherC47
Tradability15% weightF24A70Higher
Holdings10% weightNot scoredA90
Durability5% weightD38A78Higher

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 BOCT 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 BOCT 23rd 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 21BJULTAllianzIM U.S. Equity Buffer10 Jul ETFScore 57
  5. Rank 23BBOCTInnovator U.S. Equity Buffer ETFScore 56
  6. Rank 23BPJUNInnovator U.S. Equity Power Buffer ETF - JuneScore 56

Our read on each fund

ETF.net Research

AUGPBPGIM S&P 500 Buffer 12 ETF - August

BOCTBInnovator U.S. Equity Buffer ETF

In short

AUGP No data

BOCT One of the original defined-outcome ETFs, listed October 1, 2018. It absorbs the first 9% of an S&P 500 drop over each one-year period starting October 1, and trades that safety net for a ceiling on the upside.

Stated mandate

AUGP No data

BOCT The Fund seeks to track SPY’s return up to a predetermined cap while buffering the first 9% of losses over the October 1, 2025 through September 30, 2026 outcome period.

Why people hold it

AUGP No data

  • BOCT Class of 2018: the October series listed on October 1, 2018, in the first wave of defined-outcome ETFs. It has run through real drawdowns since.sec.gov
  • Terms in writing, not hope: a 9% buffer on the reference ETF's losses plus a preset cap, both reset every October 1. Shares can be held through resets indefinitely.innovatoretfs.com
  • The shallowest of Innovator's three SPY-linked tiers (9%, 15%, 30% buffers), so it surrenders the least upside in exchange for its cushion.innovatoretfs.com
  • Part of a 12-month ladder (BJAN, BAPR, BJUL and the rest), so a 9% buffer period starts every month and you are not tied to one entry date.

Worth knowing

AUGP No data

  • BOCT At 0.79% a year it sits at the buffer-fund median, and newer rivals undercut it: ZALT at 0.69%, PGIM's AUGP and JUNP at 0.50%.
  • The 9% buffer is before fees and expenses and applies over the full October-to-September period. Buy mid-period and your actual cap and cushion differ from the headline terms.innovatoretfs.com
  • Upside stops at the cap and index dividends do not pass through. It also trades lighter than the category's biggest names, so spreads can widen.innovatoretfs.com

Full AUGP profile⁠

Full BOCT profile⁠

AUGP vs BOCT 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 BOCT Cost

Overpaying BOCT vs AUGP

$5,195

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

  • AUGP 0.50%

    $9,979

  • BOCT 0.79%

    $15,174

$10,000
30 years

Cost over time

  • AUGP 0.50%
  • BOCT 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$20K051015202530BOCT $15,174AUGP $9,979

Year by year

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

AUGP 5th cheapest of 77 funds

BOCT 34th cheapest of 77 funds

AUGP vs BOCT Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
AUGP No data
BOCT 0.00%
Payout (12M)
AUGP None
BOCT None

Distribution history

Per share, 2019, same scale for both

AUGPAll AUGP payments⁠

No distribution history available.

BOCT1 paymentAll BOCT payments⁠
One bar per payment. 1 payment in 2019. Nov 19, 2019 $0.05. Use the arrow keys to read each point.$0$0.052019

AUGP vs BOCT 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 2024BOCT 7.9%
Return per unit of riskSharpe ratio, 3 years
AUGP 1.31since Jun 2024BOCT 1.38
Worst fallMax drawdown, 5 years
AUGP −11.1%since May 2024BOCT −14.3%
Market sensitivityBeta, 5 years
AUGP 0.53BOCT 0.64

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.

  • BOCTBvsZALTA

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

    Expense ratio
    0.79% · 0.69%
    Category
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  • AUGPBvsTENJB

    PGIM S&P 500 Buffer 12 ETF - August · iShares Large Cap 10% Target Buffer Jun ETF

    Expense ratio
    0.50% · 0.53%
    Category
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  • BOCTBvsTENJB

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    Expense ratio
    0.79% · 0.53%
    Category
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  • 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
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  • BOCTBvsSIXJB

    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.