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AUGP vs FAPR

PGIM S&P 500 Buffer 12 ETF - August

AUGPBCboe

FT Vest U.S. Equity Buffer ETF - April

FAPRCCboe

Overlap

Expense ratio

AUGP −0.35pt a year

AUGP0.50%FAPR0.85%

Avg volume · 30D

FAPR 3.0×the volume

AUGP7.35KFAPR22.2K

AUGP vs FAPR Performance

Oct 31, 2025 – Oct 30, 2026

+10.3%AUGP+9.0%FAPR

Oct 31, 2025 to Oct 30, 2026. AUGP +10.3%. FAPR +9.0%. 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
FAPR 0.85%
Fund size
AUGP $38M
FAPR $1.35B
1Y total return
AUGP +10.3%, better
FAPR +9.0%
Holdings
AUGP 4
FAPR 3
Avg volume (30D)
AUGP 7.35K sh
FAPR 22.2K sh, better
NAV per share
AUGP $34.23
FAPR $47.69
52W range

ETF.net Grade

AUGP: Cost 91, Risk 72, Mission not scored, Tradability 24, Holdings not scored, Durability 38. FAPR: Cost 11, Risk 70, Mission not scored, Tradability 73, Holdings 64, Durability 82.
Pillar letters and Scores for AUGP, FAPR, with each pillar’s weight
PillarAUGPFAPR
Cost30% weightA91HigherF11
Mission25% weightNot scoredNot scored
Risk15% weightA72HigherA70
Tradability15% weightF24A73Higher
Holdings10% weightNot scoredB64
Durability5% weightD38A82Higher

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 FAPR 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 FAPR 44th 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 44CDECZTrueShares Structured Outcome (December) ETFScore 46
  5. Rank 44CFAPRFT Vest U.S. Equity Buffer ETF - AprilScore 46
  6. Rank 44CFJULFT Vest U.S. Equity Buffer ETF - JulyScore 46

Our read on each fund

ETF.net Research

AUGPBPGIM S&P 500 Buffer 12 ETF - August

FAPRCFT Vest U.S. Equity Buffer ETF - April

In short

AUGP No data

FAPR One of twelve First Trust buffer funds, each keyed to a different start month. The April vintage uses SPY options to absorb the first 10% of a decline over its one-year outcome period, trading that cushion for a ceiling on gains that resets every April.

Stated mandate

AUGP No data

FAPR The Fund seeks to track the price return of the State Street® SPDR® S&P 500® ETF Trust, subject to a 15.16% upside cap and protection against the first 10% of losses during the current outcome period.

Why people hold it

AUGP No data

  • FAPR The bargain is explicit: FLEX options on SPY absorb the first 10% of a drop over the outcome period, in exchange for a cap on the upside.ftportfolios.com
  • Perpetual structure. At each period's end the cap resets to prevailing market conditions and the fund rolls on, so there is no maturity date to manage.businesswire.com
  • Part of a twelve-fund monthly ladder (FJAN through FDEC), so an outcome period can be started in any month rather than only in April.
  • Sizable for a buffer fund, trading regularly, with a live record back to its 2021 launch and several completed outcome periods behind it.

Worth knowing

AUGP No data

  • FAPR At 0.85% a year it runs above the typical fund in its buffer peer group, and some alternatives such as BUFB charge a small fraction of that.
  • The 10% buffer is measured before fees and only across the full period. Buying mid-period means whatever cushion and upside remain, not the headline terms.businesswire.com
  • It targets SPY's price return through options, so S&P 500 dividends do not pass through and the fund has not been making distributions.ftportfolios.com

Full AUGP profile⁠

Full FAPR profile⁠

AUGP vs FAPR 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 FAPR Cost

Overpaying FAPR vs AUGP

$6,220

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

  • AUGP 0.50%

    $9,979

  • FAPR 0.85%

    $16,199

$10,000
30 years

Cost over time

  • AUGP 0.50%
  • FAPR 0.85%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530FAPR $16,199AUGP $9,979

Year by year

YearAUGPFAPROverpaying
10$900$1,508$608
20$3,460$5,706$2,246
30$9,979$16,199$6,220

Expense ratio

  • 0.50%AUGP, cheaper
  • 0.85%FAPR
  • Middle half of S&P 500 Buffer 9-12% funds
  • Median 0.79%

AUGP 5th cheapest of 77 funds

FAPR 60th cheapest of 77 funds

AUGP vs FAPR Dividends

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

Distribution history

AUGPAll AUGP payments⁠

No distribution history available.

FAPRAll FAPR payments⁠

No distribution history available.

AUGP vs FAPR 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 2024FAPR 5.6%
Return per unit of riskSharpe ratio, 3 years
AUGP 1.31since Jun 2024FAPR 1.67
Worst fallMax drawdown, 5 years
AUGP −11.1%since May 2024FAPR −16.0%
Market sensitivityBeta, 5 years
AUGP 0.53FAPR 0.38

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