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AUGP vs FMAY

PGIM S&P 500 Buffer 12 ETF - August

AUGPBCboe

FT Vest U.S. Equity Buffer ETF - May

FMAYCCboe

Overlap

Expense ratio

AUGP −0.35pt a year

AUGP0.50%FMAY0.85%

Avg volume · 30D

FMAY 3.5×the volume

AUGP7.35KFMAY25.8K

AUGP vs FMAY Performance

Oct 31, 2025 – Oct 30, 2026

+10.3%AUGP+8.5%FMAY

Oct 31, 2025 to Oct 30, 2026. AUGP +10.3%. FMAY +8.5%. 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
FMAY 0.85%
Fund size
AUGP $38M
FMAY $1.47B
1Y total return
AUGP +10.3%, better
FMAY +8.5%
Holdings
AUGP 4
FMAY 3
Avg volume (30D)
AUGP 7.35K sh
FMAY 25.8K sh, better
NAV per share
AUGP $34.23
FMAY $57.09
52W range

ETF.net Grade

AUGP: Cost 91, Risk 72, Mission not scored, Tradability 24, Holdings not scored, Durability 38. FMAY: Cost 11, Risk 53, Mission not scored, Tradability 84, Holdings 64, Durability 86.
Pillar letters and Scores for AUGP, FMAY, with each pillar’s weight
PillarAUGPFMAY
Cost30% weightA91HigherF11
Mission25% weightNot scoredNot scored
Risk15% weightA72HigherC53
Tradability15% weightF24A84Higher
Holdings10% weightNot scoredB64
Durability5% weightD38A86Higher

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 FMAY 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 FMAY 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 44CFMARFT Vest U.S. Equity Buffer ETF - MarchScore 46
  5. Rank 44CFMAYFT Vest U.S. Equity Buffer ETF - MayScore 46
  6. Rank 49CDHDGFT Vest U.S. Equity Quarterly 2.5 to 15 Buffer ETFScore 45

Our read on each fund

ETF.net Research

AUGPBPGIM S&P 500 Buffer 12 ETF - August

FMAYCFT Vest U.S. Equity Buffer ETF - May

In short

AUGP No data

FMAY First Trust's May rung on a twelve-month buffer ladder: it absorbs the first 10% of the SPDR S&P 500 ETF Trust's price losses over a one-year stretch, trades that cushion for an upside cap, then resets every May.

Stated mandate

AUGP No data

FMAY The Fund seeks pre-fee, pre-expense returns linked to the price return of the State Street SPDR S&P 500 ETF Trust, subject to a 17.09% upside cap and protection against the first 10% of losses during the current May outcome period.

Why people hold it

AUGP No data

  • FMAY Mechanically simple: across each one-year period it seeks to absorb the first 10% of the reference ETF's price decline, in exchange for an upside cap set at the May reset.ftportfolios.com
  • Twelve monthly siblings (FJAN through FDEC) run the same 10% buffer on the same reference ETF, so entries can be laddered or rolled into a fresh period in any month.ftportfolios.com
  • Built from exchange-listed FLEX options inside an ETF wrapper: daily liquidity, no surrender schedule, no minimum holding term.sec.govftportfolios.com
  • Seasoned by buffer-fund standards: running since 2020 and carrying over a billion dollars, which puts it among the larger, longer-lived funds in this niche.

Worth knowing

AUGP No data

  • FMAY At 0.85% a year it costs more than the typical fund in its buffer peer group, and laddered alternatives such as BUFB charge a fraction of that.
  • It follows price return only, so the reference ETF's dividends are left out, and the stated cap and buffer are quoted before fees and expenses.sec.gov
  • Cap and buffer are designed for holders across the full outcome period; buy mid-period and your own numbers differ. Each May's new cap depends on market rates at the reset.ftportfolios.comsec.gov

Full AUGP profile⁠

Full FMAY profile⁠

AUGP vs FMAY 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 FMAY Cost

Overpaying FMAY vs AUGP

$6,220

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

  • AUGP 0.50%

    $9,979

  • FMAY 0.85%

    $16,199

$10,000
30 years

Cost over time

  • AUGP 0.50%
  • FMAY 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$20K051015202530FMAY $16,199AUGP $9,979

Year by year

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

AUGP 5th cheapest of 77 funds

FMAY 60th cheapest of 77 funds

AUGP vs FMAY Dividends

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

Distribution history

AUGPAll AUGP payments⁠

No distribution history available.

FMAYAll FMAY payments⁠

No distribution history available.

AUGP vs FMAY 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 2024FMAY 7.1%
Return per unit of riskSharpe ratio, 3 years
AUGP 1.31since Jun 2024FMAY 1.37
Worst fallMax drawdown, 5 years
AUGP −11.1%since May 2024FMAY −13.6%
Market sensitivityBeta, 5 years
AUGP 0.53FMAY 0.58

Popular comparisons

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    Expense ratio
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    Category
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    Expense ratio
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    Category
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