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AUGP vs NOVZ

PGIM S&P 500 Buffer 12 ETF - August

AUGPBCboe

TrueShares Structured Outcome (November) ETF

NOVZDCboe

Overlap

Expense ratio

AUGP −0.29pt a year

AUGP0.50%NOVZ0.79%

Avg volume · 30D

AUGP 3.0×the volume

AUGP7.35KNOVZ2.44K

AUGP vs NOVZ Performance

Oct 31, 2025 – Oct 30, 2026

+10.3%AUGP+7.1%NOVZ

Oct 31, 2025 to Oct 30, 2026. AUGP +10.3%. NOVZ +7.1%. Use the arrow keys to read each point.−5%0%5%Oct 2025Apr 2026Oct 2026
Expense ratio
AUGP 0.50%, better
NOVZ 0.79%
Fund size
AUGP $38M
NOVZ $37M
1Y total return
AUGP +10.3%, better
NOVZ +7.1%
Yield (12M)
AUGP No data
NOVZ 3.34%
Holdings
AUGP 4
NOVZ 3
Avg volume (30D)
AUGP 7.35K sh, better
NOVZ 2.44K sh
NAV per share
AUGP $34.23
NOVZ $47.77
52W range

ETF.net Grade

AUGP: Cost 91, Risk 72, Mission not scored, Tradability 24, Holdings not scored, Durability 38. NOVZ: Cost 40, Risk 31, Mission not scored, Tradability 41, Holdings not scored, Durability 44.
Pillar letters and Scores for AUGP, NOVZ, with each pillar’s weight
PillarAUGPNOVZ
Cost30% weightA91HigherC40
Mission25% weightNot scoredNot scored
Risk15% weightA72HigherD31
Tradability15% weightF24C41Higher
Holdings10% weightNot scoredNot scored
Durability5% weightD38C44Higher

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 NOVZ 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 NOVZ 65th 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 65DFHDGFT Vest U.S. Equity Quarterly Dynamic Buffer ETFScore 38
  5. Rank 65DNOVZTrueShares Structured Outcome (November) ETFScore 38
  6. Rank 65DSEPZTrueShares Structured Outcome (September) ETFScore 38

Our read on each fund

ETF.net Research

AUGPBPGIM S&P 500 Buffer 12 ETF - August

NOVZDTrueShares Structured Outcome (November) ETF

In short

AUGP No data

NOVZ Most buffer funds make you hand over an upside cap in exchange for downside protection. NOVZ states no cap: its objective is tracking the S&P 500 price index before fees while buffering the first 8% to 12% of losses over each twelve-month period.

Stated mandate

AUGP No data

NOVZ The Fund seeks to track the S&P 500 Price Return Index before fees and expenses while using an options-based strategy intended to buffer the first 8% to 12% of index losses over each twelve-month period.

Why people hold it

AUGP No data

  • NOVZ Written without a stated upside cap: track the S&P 500 Price Return Index before fees and expenses, with the first 8% to 12% of index losses buffered each twelve-month period.
  • The outcome period resets every November 1 and runs to the end of October, and sibling funds start in other months (JANZ, MAYZ, JUNZ, OCTZ, DECZ) on the same index.
  • Trading since 2020, so the November series has a multi-year live record instead of a backtest, inside a standard 1940 Act fund wrapper.

Worth knowing

AUGP No data

  • NOVZ The 0.79% fee sits right at the middle of the S&P 500 buffer group, and cheaper routes to the same index exist, such as BUFP at 0.50%.
  • A small fund that trades thinly, so bid-ask spreads can run wider than the category's largest names.
  • The buffer is a targeted 8% to 12% range measured across the full November-to-October period. Buying mid-period changes your starting point and the protection left.

Full AUGP profile⁠

Full NOVZ profile⁠

AUGP vs NOVZ 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 NOVZ Cost

Overpaying NOVZ vs AUGP

$5,195

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

  • AUGP 0.50%

    $9,979

  • NOVZ 0.79%

    $15,174

$10,000
30 years

Cost over time

  • AUGP 0.50%
  • NOVZ 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$20K051015202530NOVZ $15,174AUGP $9,979

Year by year

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

AUGP 5th cheapest of 77 funds

NOVZ 34th cheapest of 77 funds

AUGP vs NOVZ Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
AUGP No data
NOVZ 3.34%
Payout (12M)
AUGP None
NOVZ $1.57
Last payment
AUGP No data
NOVZ $1.57
Ex-dividend
AUGP No data
NOVZ Dec 24, 2025
Paid on
AUGP No data
NOVZ Dec 26, 2025
Frequency
AUGP No data
NOVZ Annual

Distribution history

Per share, 2021 to 2026, same scale for both

AUGPAll AUGP payments⁠

No distribution history available.

NOVZAnnual · 5 paymentsAll NOVZ payments⁠
One bar per payment. 5 payments from 2021 to 2026 YTD. Dec 29, 2021 $0.17; Dec 29, 2022 $0.07; Dec 27, 2023 $0.79; Dec 27, 2024 $1.18; Dec 24, 2025 $1.57. Use the arrow keys to read each point.$0$120232026YTD

AUGP vs NOVZ 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 2024NOVZ 9.5%
Return per unit of riskSharpe ratio, 3 years
AUGP 1.31since Jun 2024NOVZ 1.24
Worst fallMax drawdown, 5 years
AUGP −11.1%since May 2024NOVZ −16.6%
Market sensitivityBeta, 5 years
AUGP 0.53NOVZ 0.76

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