AUGP vs FHDG: Grades, Fees and Holdings Compared

PGIM S&P 500 Buffer 12 ETF - August

AUGPBCboe

FT Vest U.S. Equity Quarterly Dynamic Buffer ETF

FHDGDCboe

Overlap

0.0%by weight

Expense ratio

AUGP −0.35pt a year

AUGP0.50%FHDG0.85%

Avg volume · 30D

FHDG 1.1×the volume

AUGP7.49KFHDG8.42K

AUGP vs FHDG Performance

Nov 5, 2025 – Nov 5, 2026

+8.9%AUGP+10.0%FHDG

Expense ratio: AUGP 0.50%, better; FHDG 0.85%
Fund size: AUGP $38M; FHDG $71M
1Y total return: AUGP +8.9%; FHDG +10.0%, better
Holdings: AUGP 5; FHDG 3
Avg volume (30D): AUGP 7.49K sh; FHDG 8.42K sh, better
NAV per share: AUGP $34.19; FHDG $37.32
52W range

ETF.net Grade

Pillar letters and Scores for AUGP, FHDG, with each pillar’s weight
Pillar	AUGP	FHDG
Cost30% weight	A91Higher	F11
Mission25% weight	Not scored	Not scored
Risk15% weight	B68	A76Higher
Tradability15% weight	F24	C45Higher
Holdings10% weight	Not scored	B58
Durability5% weight	D32	C46Higher

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

How we build Categories ›

Same Category. AUGP and FHDG 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 3rd and FHDG 64th of 77 funds in the S&P 500 Buffer 9-12% Category.

Rank 1AZALTInnovator U.S. Equity 10 Buffer ETF - QuarterlyScore 77
Rank 2BSIXJAllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETFScore 66
Rank 3BAUGPPGIM S&P 500 Buffer 12 ETF - AugustScore 65
Rank 4BBUFMAB Moderate Buffer ETFScore 64
Rank 58CXTRGlobal X S&P 500 Tail Risk ETFScore 40
Rank 64DFHDGFT Vest U.S. Equity Quarterly Dynamic Buffer ETFScore 39
Rank 64DJULZTrueshares Structured Outcome (July) ETFScore 39

Our read on each fund

ETF.net Research

AUGPBPGIM S&P 500 Buffer 12 ETF - August

FHDGDFT Vest U.S. Equity Quarterly Dynamic Buffer ETF

In short

AUGP No data

FHDG Most buffer funds lock in one cushion for a full year. FHDG resets every three months and lets the cushion itself flex between 5.0% and 7.5% of S&P 500 losses, with a fresh upside cap set each period.

Stated mandate

AUGP No data

FHDG The Fund seeks to track the price return of the State Street SPDR S&P 500 ETF Trust before fees and expenses, subject to an upside cap, while dynamically buffering either 5.0% or 7.5% of losses over approximately three months.

Why people hold it

AUGP No data

FHDG The buffer isn't fixed. Each roughly three-month period opens with either 5.0% or 7.5% of downside absorbed, sized to what the options market can fund at the time.ftportfolios.com
Quarterly resets mean four fresh starts a year, so one awkward entry point doesn't set the terms for the next twelve months.
The reference is the SPDR S&P 500 ETF Trust, before fees and expenses. No bespoke index to decode, just the benchmark most investors already track.
Sits in the upper half of a crowded shallow-buffer peer group, helped by day-to-day tradability that holds up against bigger names.

Worth knowing

AUGP No data

FHDG At 0.85% a year it runs above the typical fund in its buffer cohort, and above shallow-buffer alternatives like ZALT (0.69%) and BUFB (0.10%).
The cap is reset each period, losses past the 5.0% or 7.5% buffer pass through in full, and the reference is a price return, so dividends don't come along.ftportfolios.com
Launched in late 2024, so the history is short, and the buffer math only lands as designed for holders who own it from one period start to the next.

Full AUGP profile⁠

Full FHDG profile⁠

AUGP vs FHDG Holdings

How AUGP and FHDG differ

Overlap by weight

0.0%

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

Level by level

Holdings0 in both0.0%
Sector11 Sectors99.1%
Countryby domicile100%

Sector

Sector weights in AUGP and FHDG, widest gap first
Sector	Gap	AUGP	FHDG
Technology	AUGP +1.0 points	39.2%	38.2%
Health Care	FHDG +0.3 points	10.0%	10.3%
Consumer Staples	FHDG +0.2 points	4.7%	4.9%
Energy	FHDG +0.1 points	3.8%	3.9%
Financials	FHDG +0.1 points	11.9%	12.0%
Consumer Discretionary	FHDG +0.1 points	9.1%	9.2%
Communication	Same weight	8.4%	8.4%
Utilities	FHDG +0.1 points	2.0%	2.1%
Real Estate	Same weight	1.8%	1.8%
Materials	Same weight	1.6%	1.6%
Industrials	Same weight	7.6%	7.6%

Country, concentration and asset class

Country by domicile

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

Concentration

Weight in the 10 largest Holdings

AUGP103.1%
FHDG100.2%

Securities held

AUGP3
FHDG2

Asset class

AUGP: Alternatives
FHDG: Multi-Asset

Holdings

Only in AUGP3
In both0
Only in FHDG2

Only in AUGP

3 securities, 100% of AUGP by weight

4SPY Us 07/30/27 C7.4798.59%
4SPY Us 07/30/27 P747.033.68%
Net Current Assets<0.01%

Only in FHDG

2 securities, 99.2% of FHDG by weight

2026-11-20 State Street® SPDR® S&P 500® ETF Trust C 7.6698.21%
2026-11-20 State Street® SPDR® S&P 500® ETF Trust P 765.720.97%

Weight gaps

AUGP and FHDG share no securities.

All AUGP holdings⁠All 4 FHDG 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 FHDG Cost

Overpaying FHDG vs AUGP

$6,220

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

AUGP 0.50%
$9,979
FHDG 0.85%
$16,199

Amount$10,000

Years30 years

Cost over time

AUGP 0.50%
FHDG 0.85%
Overpaying

Year by year

Year	AUGP	FHDG	Overpaying
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%FHDG

AUGP0.50%FHDG0.85%

0.25%0.85%

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

AUGP 5th cheapest of 77 funds

FHDG 60th cheapest of 77 funds

AUGP vs FHDG Dividends

Last 12 months to Nov 5, 2026

Payout (12M): AUGP None; FHDG None

Distribution history

AUGPAll AUGP payments⁠

No distribution history available.

FHDGAll FHDG payments⁠

No distribution history available.

AUGP vs FHDG 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 2024FHDG 5.6%since Dec 2024
Return per unit of riskSharpe ratio, 3 years: AUGP 1.31since Jun 2024FHDG 1.02since Dec 2024
Worst fallMax drawdown, 5 years: AUGP −11.1%since May 2024FHDG −14.0%since Nov 2024
Market sensitivityBeta, 5 years: AUGP 0.54FHDG 0.44; Market = 1

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