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AUGP vs FNOV

PGIM S&P 500 Buffer 12 ETF - August

AUGPBCboe

FT Vest U.S. Equity Buffer ETF - November

FNOVCCboe

Overlap

Expense ratio

AUGP −0.35pt a year

AUGP0.50%FNOV0.85%

Avg volume · 30D

FNOV 2.5×the volume

AUGP7.35KFNOV18.4K

AUGP vs FNOV Performance

Oct 31, 2025 – Oct 30, 2026

+10.3%AUGP+12.4%FNOV

Oct 31, 2025 to Oct 30, 2026. AUGP +10.3%. FNOV +12.4%. Use the arrow keys to read each point.−2.5%0%2.5%5%7.5%Oct 2025Apr 2026Oct 2026
Expense ratio
AUGP 0.50%, better
FNOV 0.85%
Fund size
AUGP $38M
FNOV $1.27B
1Y total return
AUGP +10.3%
FNOV +12.4%, better
Holdings
AUGP 4
FNOV 3
Avg volume (30D)
AUGP 7.35K sh
FNOV 18.4K sh, better
NAV per share
AUGP $34.23
FNOV $60.21
52W range

ETF.net Grade

AUGP: Cost 91, Risk 72, Mission not scored, Tradability 24, Holdings not scored, Durability 38. FNOV: Cost 11, Risk 51, Mission not scored, Tradability 80, Holdings 59, Durability 89.
Pillar letters and Scores for AUGP, FNOV, with each pillar’s weight
PillarAUGPFNOV
Cost30% weightA91HigherF11
Mission25% weightNot scoredNot scored
Risk15% weightA72HigherC51
Tradability15% weightF24A80Higher
Holdings10% weightNot scoredB59
Durability5% weightD38A89Higher

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 FNOV 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 FNOV 53rd 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 53CFJANFT Vest U.S. Equity Buffer ETF - JanuaryScore 44
  5. Rank 53CFNOVFT Vest U.S. Equity Buffer ETF - NovemberScore 44
  6. Rank 55CFJUNFT Vest U.S. Equity Buffer ETF - JuneScore 43

Our read on each fund

ETF.net Research

AUGPBPGIM S&P 500 Buffer 12 ETF - August

FNOVCFT Vest U.S. Equity Buffer ETF - November

In short

AUGP No data

FNOV One of the original November-reset buffer funds: since 2019 it has run a rolling 12-month claim on SPY's price, absorbing the first 10% of losses in exchange for an upside cap that resets every November.

Stated mandate

AUGP No data

FNOV The Fund seeks returns matching the price return of the State Street® SPDR® S&P 500® ETF Trust, up to a predetermined cap, while buffering the first 10% of losses during the current November outcome period.

Why people hold it

AUGP No data

  • FNOV The deal is written down, not improvised: FLEX options on SPY, the first 10% of price losses absorbed, upside capped, everything reset on a known November date.sec.gov
  • Live since November 2019, through a bear market and multiple resets, and now a multi-billion-dollar member of First Trust's every-month buffer ladder.sec.gov
  • The options settle through the Options Clearing Corporation, so the buffer does not hang on a single bank's creditworthiness the way a structured note does.sec.gov

Worth knowing

AUGP No data

  • FNOV The 10% buffer and the cap belong to the full outcome period. Buy mid-period and your own cushion and upside room differ from the headline terms.sec.gov
  • 0.85% a year, above the typical buffer fund. Similar 10% buffer exposure trades cheaper elsewhere, such as ZALT at 0.69% or the laddered BUFB at 0.10%.
  • It follows SPY's price return, so index dividends do not come through and the fund is not built as an income payer.

Full AUGP profile⁠

Full FNOV profile⁠

AUGP vs FNOV 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 FNOV Cost

Overpaying FNOV vs AUGP

$6,220

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

  • AUGP 0.50%

    $9,979

  • FNOV 0.85%

    $16,199

$10,000
30 years

Cost over time

  • AUGP 0.50%
  • FNOV 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$20K051015202530FNOV $16,199AUGP $9,979

Year by year

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

AUGP 5th cheapest of 77 funds

FNOV 60th cheapest of 77 funds

AUGP vs FNOV Dividends

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

Distribution history

AUGPAll AUGP payments⁠

No distribution history available.

FNOVAll FNOV payments⁠

No distribution history available.

AUGP vs FNOV 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 2024FNOV 7.9%
Return per unit of riskSharpe ratio, 3 years
AUGP 1.31since Jun 2024FNOV 1.44
Worst fallMax drawdown, 5 years
AUGP −11.1%since May 2024FNOV −15.9%
Market sensitivityBeta, 5 years
AUGP 0.53FNOV 0.67

Popular comparisons

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    PGIM S&P 500 Buffer 12 ETF - August · Innovator U.S. Equity 10 Buffer ETF - Quarterly

    Expense ratio
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    Category
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  • FNOVCvsZALTA

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    Expense ratio
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