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AUGP vs MARZ

PGIM S&P 500 Buffer 12 ETF - August

AUGPBCboe

TrueShares Structured Outcome (March) ETF

MARZDCboe

Overlap

0.0%by weight

Expense ratio

AUGP −0.29pt a year

AUGP0.50%MARZ0.79%

Avg volume · 30D

AUGP 2.6×the volume

AUGP7.49KMARZ2.84K

AUGP vs MARZ Performance

Nov 5, 2025 – Nov 5, 2026

+8.9%AUGP+5.4%MARZ

Nov 5, 2025 to Nov 5, 2026. AUGP +8.9%. MARZ +5.4%. Use the arrow keys to read each point.−5%0%Nov 2025May 2026Nov 2026
Expense ratio
AUGP 0.50%, better
MARZ 0.79%
Fund size
AUGP $38M
MARZ $34M
1Y total return
AUGP +8.9%, better
MARZ +5.4%
Yield (12M)
AUGP No data
MARZ 3.14%
Holdings
AUGP 5
MARZ 17
Avg volume (30D)
AUGP 7.49K sh, better
MARZ 2.84K sh
NAV per share
AUGP $34.19
MARZ $37.27
52W range

ETF.net Grade

AUGP: Cost 91, Risk 68, Mission not scored, Tradability 24, Holdings not scored, Durability 32. MARZ: Cost 40, Risk 22, Mission not scored, Tradability 33, Holdings not scored, Durability 42.
Pillar letters and Scores for AUGP, MARZ, with each pillar’s weight
PillarAUGPMARZ
Cost30% weightA91HigherC40
Mission25% weightNot scoredNot scored
Risk15% weightB68HigherF22
Tradability15% weightF24D33Higher
Holdings10% weightNot scoredNot scored
Durability5% weightD32C42Higher

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 MARZ 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 MARZ 72nd 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 72DAUGZTrueShares Structured Outcome (August) ETFScore 34
  6. Rank 72DMARZTrueShares Structured Outcome (March) ETFScore 34
  7. Rank 72DMAYZTrueShares Structured Outcome (May) ETFScore 34

Our read on each fund

ETF.net Research

AUGPBPGIM S&P 500 Buffer 12 ETF - August

MARZDTrueShares Structured Outcome (March) ETF

In short

AUGP No data

MARZ A March-dated buffer fund with an unusual twist: TrueShares defines the downside (the first 8% to 12% of S&P 500 price-index losses each 12-month period, dividends excluded) without naming an upside cap in its objective.

Stated mandate

AUGP No data

MARZ The fund seeks returns tracking the S&P 500 Price Return Index while buffering the first 8%–12% of index losses during each 12-month March-to-March investment period.

Why people hold it

AUGP No data

  • MARZ No stated upside cap in its mandate. The floor is spelled out, the ceiling isn't, which is rare in a category built on trading away the top end.
  • Part of a monthly ladder. Sister funds run the same strategy off other start months (FEBZ, JULZ, AUGZ, SEPZ), so the entry calendar isn't only March.
  • Live since 2021, so its March-to-March reset has been through multiple full cycles rather than existing only on paper.

Worth knowing

AUGP No data

  • MARZ The buffer is a range, not a fixed number. Where it lands between 8% and 12% is set at the start of each March period, not known in advance.
  • At 0.79% the fee sits right at the median for its buffer peer group, and cheaper structures exist there (ZALT at 0.69%, BUFB at 0.10%).
  • One of the smaller, lightly traded funds in its category, which typically shows up as wider bid-ask spreads at the moment you transact.

Full AUGP profile⁠

Full MARZ profile⁠

AUGP vs MARZ Holdings

How AUGP and MARZ 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 MARZ, widest gap first
SectorMore in AUGPMore in MARZGap
CommunicationMARZ +1.6 points
TechnologyAUGP +1.3 points
Health CareAUGP +0.9 points
IndustrialsMARZ +0.8 points
EnergyAUGP +0.8 points
Consumer DiscretionaryMARZ +0.5 points
FinancialsAUGP +0.2 points
UtilitiesMARZ +0.3 points
Real EstateMARZ +0.1 points
MaterialsMARZ +0.1 points
Consumer StaplesAUGP +0.1 points

Country, concentration and asset class

Country by domicile

Country weights in AUGP and MARZ, widest gap first
CountryMore in AUGPMore in MARZGap
United StatesMARZ +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%
  • MARZ100.2%

Securities held

  • AUGP3
  • MARZ3

Asset class

AUGP
Alternatives
MARZ
Stocks

Holdings

  • Only in AUGP3
  • In both0
  • Only in MARZ3

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 MARZ

3 securities, 91.4% of MARZ by weight

  • Treasury Bill B 02/18/2791.10%
  • Broker Sweep0.19%
  • State Street Inst U.s. Government Mmkt Admn Class0.09%

Weight gaps

AUGP and MARZ share no securities.

All AUGP holdings⁠All 19 MARZ 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 MARZ Cost

Overpaying MARZ vs AUGP

$5,195

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

  • AUGP 0.50%

    $9,979

  • MARZ 0.79%

    $15,174

$10,000
30 years

Cost over time

  • AUGP 0.50%
  • MARZ 0.79%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530MARZ $15,174AUGP $9,979

Year by year

YearAUGPMARZOverpaying
10$900$1,405$505
20$3,460$5,331$1,871
30$9,979$15,174$5,195

Expense ratio

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

AUGP 5th cheapest of 77 funds

MARZ 34th cheapest of 77 funds

AUGP vs MARZ Dividends

Last 12 months to Nov 5, 2026
Yield (12M)
AUGP No data
MARZ 3.14%
Payout (12M)
AUGP None
MARZ $1.13
Last payment
AUGP No data
MARZ $1.13
Ex-dividend
AUGP No data
MARZ Dec 24, 2025
Paid on
AUGP No data
MARZ Dec 26, 2025
Frequency
AUGP No data
MARZ Annual

Distribution history

Per share, 2021 to 2026, same scale for both

AUGPAll AUGP payments⁠

No distribution history available.

MARZAnnual · 5 paymentsAll MARZ payments⁠
One bar per payment. 5 payments from 2021 to 2026 YTD. Dec 29, 2021 $0.70; Dec 29, 2022 $0.19; Dec 27, 2023 $2.04; Dec 27, 2024 $1.43; Dec 24, 2025 $1.13. Use the arrow keys to read each point.$0$220232026YTD

AUGP vs MARZ 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 2024MARZ 9.3%
Return per unit of riskSharpe ratio, 3 years
AUGP 1.31since Jun 2024MARZ 1.21
Worst fallMax drawdown, 5 years
AUGP −11.1%since May 2024MARZ −18.9%
Market sensitivityBeta, 5 years
AUGP 0.54MARZ 0.69

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