Skip to content
etf.net

AUGP vs JANZ

PGIM S&P 500 Buffer 12 ETF - August

AUGPBCboe

TrueShares Structured Outcome (January) ETF

JANZDCboe

Overlap

0.0%by weight

Expense ratio

AUGP −0.30pt a year

AUGP0.50%JANZ0.80%

Avg volume · 30D

AUGP 3.1×the volume

AUGP7.49KJANZ2.44K

AUGP vs JANZ Performance

Nov 5, 2025 – Nov 5, 2026

+8.9%AUGP+5.9%JANZ

Nov 5, 2025 to Nov 5, 2026. AUGP +8.9%. JANZ +5.9%. Use the arrow keys to read each point.−5%0%Nov 2025May 2026Nov 2026
Expense ratio
AUGP 0.50%, better
JANZ 0.80%
Fund size
AUGP $38M
JANZ $41M
1Y total return
AUGP +8.9%, better
JANZ +5.9%
Yield (12M)
AUGP No data
JANZ 1.35%
Holdings
AUGP 5
JANZ 14
Avg volume (30D)
AUGP 7.49K sh, better
JANZ 2.44K sh
NAV per share
AUGP $34.19
JANZ $41.64
52W range

ETF.net Grade

AUGP: Cost 91, Risk 68, Mission not scored, Tradability 24, Holdings not scored, Durability 32. JANZ: Cost 40, Risk 29, Mission not scored, Tradability 37, Holdings not scored, Durability 49.
Pillar letters and Scores for AUGP, JANZ, with each pillar’s weight
PillarAUGPJANZ
Cost30% weightA91HigherC40
Mission25% weightNot scoredNot scored
Risk15% weightB68HigherD29
Tradability15% weightF24D37Higher
Holdings10% weightNot scoredNot scored
Durability5% weightD32C49Higher

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 JANZ 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 JANZ 69th 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 2BSIXJAllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETFScore 66
  3. Rank 3BAUGPPGIM S&P 500 Buffer 12 ETF - AugustScore 65
  4. Rank 4BBUFMAB Moderate Buffer ETFScore 64
  5. Rank 66DSEPZTrueShares Structured Outcome (September) ETFScore 38
  6. Rank 69DJANZTrueShares Structured Outcome (January) ETFScore 37
  7. Rank 70DDGOCFT Vest U.S. Equity Buffer & Digital Return ETF - OctoberScore 35

Our read on each fund

ETF.net Research

AUGPBPGIM S&P 500 Buffer 12 ETF - August

JANZDTrueShares Structured Outcome (January) ETF

In short

AUGP No data

JANZ The buffer ETF that refuses to cap you. TrueShares pioneered the uncapped format in 2020: no ceiling on gains, just a partial share of the S&P 500's price move, with the first 8% to 12% of a calendar-year drop buffered.

Stated mandate

AUGP No data

JANZ The Fund seeks returns tracking the S&P 500 Price Return Index while buffering the first 8%–12% of index losses over a 12-month period. Its current period runs from January 1 through December 31, 2026.

Why people hold it

AUGP No data

  • JANZ No cap, by design. Most buffer funds trade away a ceiling on gains; this series pioneered the uncapped format in 2020 and takes a partial slice of index upside instead.true-shares.com
  • The buffer is the headline: it aims to absorb the first 8% to 12% of S&P 500 price losses (the adviser targets 10%) over the January to December period, then resets.true-shares.com
  • Siblings start in other months (FEBZ, MARZ, JULZ and more), so the uncapped format can be spread across staggered start dates instead of one January entry point.

Worth knowing

AUGP No data

  • JANZ 0.80% sits near the typical buffer-fund fee, though cheaper takes exist: AUGP and PQX charge 0.50%, ZALT 0.69%.
  • Uncapped is not free. Upside arrives as a share of index gains, not all of them, and option pricing sets that share each period.true-shares.comtrue-shares.com 2
  • The reference is the S&P 500 Price Return Index, so dividends sit outside the math. It is also a small fund that trades thinly, which can mean wider spreads.

Full AUGP profile⁠

Full JANZ profile⁠

AUGP vs JANZ Holdings

How AUGP and JANZ differ

Overlap by weight

0.0%

Level by level

  • Asset classAlternatives, Stocks0.0%
  • Holdings0 in both0.0%
  • Sector11 Sectors96.7%
  • Countryby domicile99.5%

Sector

Sector weights in AUGP and JANZ, widest gap first
SectorMore in AUGPMore in JANZGap
CommunicationJANZ +1.6 points
TechnologyAUGP +1.3 points
Health CareAUGP +0.9 points
IndustrialsJANZ +0.8 points
EnergyAUGP +0.8 points
Consumer DiscretionaryJANZ +0.5 points
FinancialsAUGP +0.2 points
UtilitiesJANZ +0.3 points
Real EstateJANZ +0.1 points
MaterialsJANZ +0.1 points
Consumer StaplesAUGP +0.1 points

Country, concentration and asset class

Country by domicile

Country weights in AUGP and JANZ, widest gap first
CountryMore in AUGPMore in JANZGap
United StatesJANZ +0.5 points
SwitzerlandAUGP +0.3 points
ChinaAUGP +0.1 points
MexicoAUGP +0.1 points
IrelandSame weight
United KingdomSame weight

Concentration

Weight in the 10 largest Holdings

  • AUGP103.1%
  • JANZ100.1%

Securities held

  • AUGP3
  • JANZ3

Asset class

AUGP
Alternatives
JANZ
Stocks

Holdings

  • Only in AUGP3
  • In both0
  • Only in JANZ3

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 JANZ

3 securities, 89.8% of JANZ by weight

  • Treasury Bill B 12/24/2687.06%
  • State Street Inst U.s. Government Mmkt Admn Class2.71%
  • Broker Sweep0.04%

Weight gaps

AUGP and JANZ share no securities.

All AUGP holdings⁠All 16 JANZ 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 JANZ Cost

Overpaying JANZ vs AUGP

$5,367

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

  • AUGP 0.50%

    $9,979

  • JANZ 0.80%

    $15,346

$10,000
30 years

Cost over time

  • AUGP 0.50%
  • JANZ 0.80%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530JANZ $15,346AUGP $9,979

Year by year

YearAUGPJANZOverpaying
10$900$1,422$522
20$3,460$5,393$1,933
30$9,979$15,346$5,367

Expense ratio

  • 0.50%AUGP, cheaper
  • 0.80%JANZ
  • Middle half of S&P 500 Buffer 9-12% funds
  • Median 0.79%

AUGP 5th cheapest of 77 funds

JANZ 59th cheapest of 77 funds

AUGP vs JANZ Dividends

Last 12 months to Nov 5, 2026
Yield (12M)
AUGP No data
JANZ 1.35%
Payout (12M)
AUGP None
JANZ $0.54
Last payment
AUGP No data
JANZ $0.54
Ex-dividend
AUGP No data
JANZ Dec 24, 2025
Paid on
AUGP No data
JANZ Dec 26, 2025
Frequency
AUGP No data
JANZ Annual

Distribution history

Per share, 2021 to 2026, same scale for both

AUGPAll AUGP payments⁠

No distribution history available.

JANZAnnual · 5 paymentsAll JANZ payments⁠
One bar per payment. 5 payments from 2021 to 2026 YTD. Dec 29, 2021 $1.32; Dec 29, 2022 $0.05; Dec 27, 2023 $0.77; Dec 27, 2024 $0.93; Dec 24, 2025 $0.54. Use the arrow keys to read each point.$0$120232026YTD

AUGP vs JANZ 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 2024JANZ 9.3%
Return per unit of riskSharpe ratio, 3 years
AUGP 1.31since Jun 2024JANZ 1.23
Worst fallMax drawdown, 5 years
AUGP −11.1%since May 2024JANZ −18.1%
Market sensitivityBeta, 5 years
AUGP 0.54JANZ 0.73

Popular comparisons

  • AUGPBvsZALTA

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

    Expense ratio
    0.50% · 0.69%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • JANZDvsZALTA

    TrueShares Structured Outcome (January) ETF · Innovator U.S. Equity 10 Buffer ETF - Quarterly

    Expense ratio
    0.80% · 0.69%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • AUGPBvsSIXJB

    PGIM S&P 500 Buffer 12 ETF - August · AllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETF

    Expense ratio
    0.50% · 0.74%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • JANZDvsSIXJB

    TrueShares Structured Outcome (January) ETF · AllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETF

    Expense ratio
    0.80% · 0.74%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • AUGPBvsBUFMB

    PGIM S&P 500 Buffer 12 ETF - August · AB Moderate Buffer ETF

    Expense ratio
    0.50% · 0.69%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • JANZDvsBUFMB

    TrueShares Structured Outcome (January) ETF · AB Moderate Buffer ETF

    Expense ratio
    0.80% · 0.69%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.