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AUGP vs SEPT

PGIM S&P 500 Buffer 12 ETF - August

AUGPBCboe

AllianzIM U.S. Equity Buffer10 Sep ETF

SEPTBCboe

Overlap

Expense ratio

AUGP −0.24pt a year

AUGP0.50%SEPT0.74%

Avg volume · 30D

AUGP 1.8×the volume

AUGP7.35KSEPT4.03K

AUGP vs SEPT Performance

Oct 31, 2025 – Oct 30, 2026

+10.3%AUGP+9.9%SEPT

Oct 31, 2025 to Oct 30, 2026. AUGP +10.3%. SEPT +9.9%. 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
SEPT 0.74%
Fund size
AUGP $38M
SEPT $38M
1Y total return
AUGP +10.3%, better
SEPT +9.9%
Holdings
AUGP 4
SEPT 2
Avg volume (30D)
AUGP 7.35K sh, better
SEPT 4.03K sh
NAV per share
AUGP $34.23
SEPT $38.66
52W range

ETF.net Grade

AUGP: Cost 91, Risk 72, Mission not scored, Tradability 24, Holdings not scored, Durability 38. SEPT: Cost 68, Risk 60, Mission not scored, Tradability 38, Holdings 58, Durability 33.
Pillar letters and Scores for AUGP, SEPT, with each pillar’s weight
PillarAUGPSEPT
Cost30% weightA91HigherB68
Mission25% weightNot scoredNot scored
Risk15% weightA72HigherB60
Tradability15% weightF24D38Higher
Holdings10% weightNot scoredB58
Durability5% weightD38HigherD33

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 SEPT 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 SEPT 23rd 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 23BPJUNInnovator U.S. Equity Power Buffer ETF - JuneScore 56
  5. Rank 23BSEPTAllianzIM U.S. Equity Buffer10 Sep ETFScore 56
  6. Rank 23BSIXZAllianzIM U.S. Equity 6 Month Buffer10 May/Nov ETFScore 56

Our read on each fund

ETF.net Research

AUGPBPGIM S&P 500 Buffer 12 ETF - August

SEPTBAllianzIM U.S. Equity Buffer10 Sep ETF

In short

AUGP No data

SEPT The September link in AllianzIM's buffer chain: FLEX options on the SPDR S&P 500 ETF that absorb the first 10% of a year's losses in exchange for a capped upside, with terms reset every September 1. Priced below the buffer-fund median.

Stated mandate

AUGP No data

SEPT The actively managed ETF seeks to match the share-price return of the SPDR S&P 500 ETF Trust at the end of each one-year Outcome Period, subject to an upside Cap and a buffer against the first 10% of losses. It primarily uses FLEX Options referencing that ETF.

Why people hold it

AUGP No data

  • SEPT Cheaper than the typical buffer fund at 0.74% a year against a 0.79% median for its shallow-buffer cohort, and it undercuts several rival dated buffers charging 0.79%.
  • The deal is spelled out before you own it: a 10% buffer against losses in the reference ETF and a stated upside cap, both fixed for a one-year outcome period that restarts each September 1.
  • Part of a full AllianzIM buffer lineup priced at the same 0.74%, including six-month siblings SIXZ, SIXD and SIXJ, so a September start date can be laddered with other reset calendars.
  • Running since 2023 and rated among the stronger builds in a crowded 52-fund shallow-buffer field.

Worth knowing

AUGP No data

  • SEPT Upside is capped, and both cap and buffer apply across the full outcome period. Buy mid-period and your actual protection and ceiling differ from the headline terms.
  • It targets the share-price return of the SPDR S&P 500 ETF Trust, so index dividends are not passed along, and the fund has not been paying out income.
  • A small, thinly traded fund next to the category's giants, so spreads can be wider and limit orders matter more.

Full AUGP profile⁠

Full SEPT profile⁠

AUGP vs SEPT 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 SEPT Cost

Overpaying SEPT vs AUGP

$4,328

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

  • AUGP 0.50%

    $9,979

  • SEPT 0.74%

    $14,307

$10,000
30 years

Cost over time

  • AUGP 0.50%
  • SEPT 0.74%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530SEPT $14,307AUGP $9,979

Year by year

YearAUGPSEPTOverpaying
10$900$1,319$419
20$3,460$5,015$1,555
30$9,979$14,307$4,328

Expense ratio

  • 0.50%AUGP, cheaper
  • 0.74%SEPT
  • Middle half of S&P 500 Buffer 9-12% funds
  • Median 0.79%

AUGP 5th cheapest of 77 funds

SEPT 17th cheapest of 77 funds

AUGP vs SEPT Dividends

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

Distribution history

AUGPAll AUGP payments⁠

No distribution history available.

SEPTAll SEPT payments⁠

No distribution history available.

AUGP vs SEPT 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 2024SEPT 7.7%
Return per unit of riskSharpe ratio, 3 years
AUGP 1.31since Jun 2024SEPT 1.51
Worst fallMax drawdown, 5 years
AUGP −11.1%since May 2024SEPT −12.8%since Sep 2023
Market sensitivityBeta, 5 years
AUGP 0.53SEPT 0.61

AUGP and SEPT in the news

All news⁠

Popular comparisons

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