AUGP vs EALT: Grades, Fees and Holdings Compared

PGIM S&P 500 Buffer 12 ETF - August

AUGPBCboe

Innovator U.S. Equity 5 to 15 Buffer ETF

EALTBCboe

Overlap

0.0%by weight

Expense ratio

AUGP −0.19pt a year

AUGP0.50%EALT0.69%

Avg volume · 30D

EALT 3.0×the volume

AUGP7.43KEALT22.5K

AUGP vs EALT Performance

Nov 7, 2025 – Nov 9, 2026

+10.8%AUGP+4.1%EALT

Expense ratio: AUGP 0.50%, better; EALT 0.69%
Fund size: AUGP $38M; EALT $183M
1Y total return: AUGP +10.8%, better; EALT +4.1%
Holdings: AUGP 4; EALT 4
Avg volume (30D): AUGP 7.43K sh; EALT 22.5K sh, better
NAV per share: AUGP $33.29; EALT $35.54
52W range

ETF.net Grade

Pillar letters and Scores for AUGP, EALT, with each pillar’s weight
Pillar	AUGP	EALT
Cost30% weight	A91Higher	A82
Mission25% weight	Not scored	A84
Risk15% weight	B69Higher	D30
Tradability15% weight	D25	C47Higher
Holdings10% weight	Not scored	C50
Durability5% weight	D39	B61Higher

Rank among S&P 500 Buffer 9-12% funds

How we build Categories ›

Same Category. AUGP and EALT 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 EALT 18th of 77 funds in the S&P 500 Buffer 9-12% Category.

Rank 1AZALTInnovator U.S. Equity 10 Buffer ETF - QuarterlyScore 76
Rank 2BAUGPPGIM S&P 500 Buffer 12 ETF - AugustScore 66
Rank 2BSIXJAllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETFScore 66
Rank 17BDECTAllianzIM U.S. Equity Buffer10 Dec ETFScore 59
Rank 18BEALTInnovator U.S. Equity 5 to 15 Buffer ETFScore 58
Rank 18BJANTAllianzIM U.S. Equity Buffer10 Jan ETFScore 58

Our read on each fund

ETF.net Research

AUGPBPGIM S&P 500 Buffer 12 ETF - August

EALTBInnovator U.S. Equity 5 to 15 Buffer ETF

In short

AUGP No data

EALT Most buffer funds cushion your first dollar of loss. EALT skips that, absorbing the 5% to 15% slice of an S&P 500 ETF's decline instead, and resetting every three months. You wear the first 5%, and the upside is capped.

Stated mandate

AUGP No data

EALT The fund seeks to track the return of an S&P 500 ETF, subject to a cap, while providing downside protection within the 5% to 15% loss range during each three-month outcome period.

Why people hold it

AUGP No data

EALT A 10-point protected band placed over the 5% to 15% loss zone, the ordinary-pullback range, referenced to a plain S&P 500 ETF (VOO).
Outcome periods run three months, so buffer and cap reset four times a year rather than once. Less waiting to get back to fresh terms.
0.69% a year undercuts the typical shallow-buffer fund at 0.79%, and matches Innovator's own quarterly first-dollar sibling ZALT.
Live since 2023 and one of the stronger builds in a shallow-buffer field of 50-plus competing funds.

Worth knowing

AUGP No data

EALT The first 5% of a decline is yours, and so is anything below 15%. This is a band of protection, not a floor.
Upside is capped, with a new cap set each three-month period. Buy mid-period and your buffer and cap differ from the stated terms.
A smaller, thinly traded fund, so spreads can run wider than in the category's heavyweights. The structure targets price outcomes, not income.

Full AUGP profile⁠

Full EALT profile⁠

AUGP vs EALT Holdings

How AUGP and EALT differ

Overlap by weight

0.0%

About this figure: EALT holds other funds. We compare those funds, not the stocks inside them.

Level by level

Asset classAlternatives, Stocks0.0%
Holdings0 in both0.0%
Sector11 Sectors95.1%
Countryby domicile99.97%

Sector

Sector weights in AUGP and EALT, widest gap first
Sector	Gap	AUGP	EALT
Technology	EALT +3.8 points	36.7%	40.5%
Financials	AUGP +1.4 points	12.5%	11.1%
Health Care	AUGP +1.2 points	10.5%	9.3%
Communication	EALT +1.2 points	8.8%	9.9%
Consumer Discretionary	AUGP +0.9 points	9.7%	8.8%
Consumer Staples	AUGP +0.8 points	5.1%	4.3%
Utilities	AUGP +0.2 points	2.1%	1.9%
Real Estate	AUGP +0.2 points	1.9%	1.7%
Energy	AUGP +0.1 points	3.5%	3.4%
Materials	Same weight	1.6%	1.6%
Industrials	Same weight	7.6%	7.5%

Country, concentration and asset class

Country by domicile

Country weights in AUGP and EALT, widest gap first
Country	Gap	AUGP	EALT
United States	Same weight	99.5%	99.5%
Switzerland	Same weight	0.3%	0.3%
China	Same weight	0.1%	0.1%
Mexico	EALT +0.1 points	0.0%	0.1%
Ireland	Same weight	0.0%	0.0%
United Kingdom	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

AUGP103.5%
EALT100.9%

Securities held

AUGP3
EALT4

Asset class

AUGP: Alternatives
EALT: Stocks

Holdings

Only in AUGP3
In both0
Only in EALT4

Only in AUGP

3 securities, 100% of AUGP by weight

4SPY Us 07/30/27 C7.4796.98%
4SPY Us 07/30/27 P747.035.69%
Net Current Assets<0.01%

Only in EALT

4 securities, 100% of EALT by weight

Vanguard S&P 500 ETF98.61%
Voo 12/31/2026 665.82 P2.15%
Us Bank Mmda - Usbgfs 9 09/01/20370.09%
Voo 12/31/2026 707.87 C<0.01%

Weight gaps

AUGP and EALT share no securities.

All AUGP holdings⁠All 6 EALT 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 EALT Cost

Overpaying EALT vs AUGP

$3,450

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

AUGP 0.50%
$9,979
EALT 0.69%
$13,429

Amount$10,000

Years30 years

Cost over time

AUGP 0.50%
EALT 0.69%
Overpaying

Year by year

Year	AUGP	EALT	Overpaying
10	$900	$1,232	$332
20	$3,460	$4,697	$1,237
30	$9,979	$13,429	$3,450

Expense ratio

0.50%AUGP, cheaper
0.69%EALT

AUGP0.50%EALT0.69%

0.25%0.85%

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

AUGP 5th cheapest of 77 funds

EALT 14th cheapest of 77 funds

AUGP vs EALT Dividends

Last 12 months to Nov 9, 2026

Payout (12M): AUGP None; EALT None

Distribution history

AUGPAll AUGP payments⁠

No distribution history available.

EALTAll EALT payments⁠

No distribution history available.

AUGP vs EALT 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 2024EALT 8.8%
Return per unit of riskSharpe ratio, 3 years: AUGP 1.31since Jun 2024EALT 0.92
Worst fallMax drawdown, 5 years: AUGP −11.1%since May 2024EALT −14.8%since Oct 2023
Market sensitivityBeta, 5 years: AUGP 0.54EALT 0.67; Market = 1

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