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AUGP vs FMAR

PGIM S&P 500 Buffer 12 ETF - August

AUGPBCboe

FT Vest U.S. Equity Buffer ETF - March

FMARCCboe

Overlap

0.0%by weight

Expense ratio

AUGP −0.35pt a year

AUGP0.50%FMAR0.85%

Avg volume · 30D

FMAR 1.7×the volume

AUGP7.35KFMAR12.3K

AUGP vs FMAR Performance

Oct 31, 2025 – Oct 30, 2026

+10.3%AUGP+14.8%FMAR

Oct 31, 2025 to Oct 30, 2026. AUGP +10.3%. FMAR +14.8%. Use the arrow keys to read each point.0%5%Oct 2025Apr 2026Oct 2026
Expense ratio
AUGP 0.50%, better
FMAR 0.85%
Fund size
AUGP $38M
FMAR $1.22B
1Y total return
AUGP +10.3%
FMAR +14.8%, better
Holdings
AUGP 4
FMAR 3
Avg volume (30D)
AUGP 7.35K sh
FMAR 12.3K sh, better
NAV per share
AUGP $34.23
FMAR $53.62
52W range

ETF.net Grade

AUGP: Cost 91, Risk 72, Mission not scored, Tradability 24, Holdings not scored, Durability 38. FMAR: Cost 11, Risk 76, Mission not scored, Tradability 64, Holdings 63, Durability 82.
Pillar letters and Scores for AUGP, FMAR, with each pillar’s weight
PillarAUGPFMAR
Cost30% weightA91HigherF11
Mission25% weightNot scoredNot scored
Risk15% weightA72A76Higher
Tradability15% weightF24B64Higher
Holdings10% weightNot scoredB63
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 FMAR 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 FMAR 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 44CFJULFT Vest U.S. Equity Buffer ETF - JulyScore 46
  5. Rank 44CFMARFT Vest U.S. Equity Buffer ETF - MarchScore 46
  6. Rank 44CFMAYFT Vest U.S. Equity Buffer ETF - MayScore 46

Our read on each fund

ETF.net Research

AUGPBPGIM S&P 500 Buffer 12 ETF - August

FMARCFT Vest U.S. Equity Buffer ETF - March

In short

AUGP No data

FMAR The March seat in First Trust's twelve-month buffer ladder. It holds SPY-linked options built to absorb the first 10% of a year's losses, in exchange for a ceiling on gains that resets every March.

Stated mandate

AUGP No data

FMAR The Fund seeks to track the price return of the State Street® SPDR® S&P 500® ETF Trust, subject to an upside cap and protection against an initial portion of losses during the stated outcome period.

Why people hold it

AUGP No data

  • FMAR The mechanism is legible: over each one-year outcome period it targets the first 10% of SPY's decline as a cushion, giving up gains above a cap struck at the March reset.
  • Twelve monthly siblings run the same playbook (FJAN, FAPR, FSEP and the rest), so a start month is a choice, or you can ladder several and stop leaning on one reset date.
  • Running since 2021 and now a multi-billion-dollar fund, with the reference asset being the SPY trust itself rather than a bespoke index, inside a standard 1940 Act ETF wrapper.

Worth knowing

AUGP No data

  • FMAR 0.85% a year sits at the pricier end of the buffer shelf. Laddered alternatives are cheaper, with BUFB listed at 0.10%.
  • The 10% buffer and the cap belong to a full outcome period. Buy mid-period and you inherit whatever cushion and headroom remain, not the headline terms.
  • It trades thinly and hasn't been paying distributions, so limit orders earn their keep and any return has to show up in the share price.

Full AUGP profile⁠

Full FMAR profile⁠

AUGP vs FMAR Holdings

How AUGP and FMAR differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of AUGP and 0.0% of FMAR.

Level by level

  • Holdings0 in both0.0%
  • Countryby domicile100%

Sector

No Sector split for AUGP.

Country, concentration and asset class

Country by domicile

Country weights in AUGP and FMAR, widest gap first
CountryMore in AUGPMore in FMAR
United StatesSame weight
SwitzerlandSame weight
ChinaSame weight
MexicoSame weight
IrelandSame weight
United KingdomSame weight

Concentration

Weight in the 10 largest Holdings

  • AUGP103.3%
  • FMAR105.2%

Securities held

  • AUGP3
  • FMAR2

Asset class

AUGP
Alternatives
FMAR
Multi-Asset

Holdings

  • Only in AUGP3
  • In both0
  • Only in FMAR2

Only in AUGP

3 securities, 100% of AUGP by weight

  • 4SPY Us 07/30/27 C7.4798.85%
  • 4SPY Us 07/30/27 P747.033.59%
  • Net Current Assets<0.01%

Only in FMAR

2 securities, 100% of FMAR by weight

  • 2027-03-19 State Street® SPDR® S&P 500® ETF Trust C 6.49103.54%
  • 2027-03-19 State Street® SPDR® S&P 500® ETF Trust P 648.571.12%

Weight gaps

AUGP and FMAR share no securities.

All AUGP holdings⁠All 4 FMAR 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 FMAR Cost

Overpaying FMAR vs AUGP

$6,220

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

  • AUGP 0.50%

    $9,979

  • FMAR 0.85%

    $16,199

$10,000
30 years

Cost over time

  • AUGP 0.50%
  • FMAR 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$20K051015202530FMAR $16,199AUGP $9,979

Year by year

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

AUGP 5th cheapest of 77 funds

FMAR 60th cheapest of 77 funds

AUGP vs FMAR Dividends

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

Distribution history

AUGPAll AUGP payments⁠

No distribution history available.

FMARAll FMAR payments⁠

No distribution history available.

AUGP vs FMAR 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 2024FMAR 6.6%
Return per unit of riskSharpe ratio, 3 years
AUGP 1.31since Jun 2024FMAR 1.57
Worst fallMax drawdown, 5 years
AUGP −11.1%since May 2024FMAR −14.4%
Market sensitivityBeta, 5 years
AUGP 0.53FMAR 0.50

AUGP and FMAR in the news

All news⁠

Popular comparisons

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