AUGP vs SIXP: Grades, Fees and Holdings Compared

PGIM S&P 500 Buffer 12 ETF - August

AUGPBCboe

AllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF

SIXPBCboe

Overlap

0.0%by weight

Expense ratio

AUGP −0.24pt a year

AUGP0.50%SIXP0.74%

Avg volume · 30D

AUGP 1.9×the volume

AUGP7.43KSIXP3.84K

AUGP vs SIXP Performance

Nov 7, 2025 – Nov 9, 2026

+10.8%AUGP+11.2%SIXP

Expense ratio: AUGP 0.50%, better; SIXP 0.74%
Fund size: AUGP $38M; SIXP $215M
1Y total return: AUGP +10.8%; SIXP +11.2%, better
Holdings: AUGP 4; SIXP 3
Avg volume (30D): AUGP 7.43K sh, better; SIXP 3.84K sh
NAV per share: AUGP $33.29; SIXP $33.88
52W range

ETF.net Grade

Pillar letters and Scores for AUGP, SIXP, with each pillar’s weight
Pillar	AUGP	SIXP
Cost30% weight	A91Higher	B68
Mission25% weight	Not scored	Not scored
Risk15% weight	B69Higher	B64
Tradability15% weight	D25	D35Higher
Holdings10% weight	Not scored	B56
Durability5% weight	D39	B56Higher

Rank among S&P 500 Buffer 9-12% funds

How we build Categories ›

Same Category. AUGP and SIXP 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 SIXP 18th of 77 funds in the S&P 500 Buffer 9-12% Category.

Rank 1AZALTInnovator U.S. Equity 10 Buffer ETF - QuarterlyScore 76
Rank 2BAUGPPGIM S&P 500 Buffer 12 ETF - AugustScore 66
Rank 2BSIXJAllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETFScore 66
Rank 18BJULTAllianzIM U.S. Equity Buffer10 Jul ETFScore 58
Rank 18BSIXPAllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETFScore 58
Rank 22BBOCTInnovator U.S. Equity Buffer ETFScore 57

Our read on each fund

ETF.net Research

AUGPBPGIM S&P 500 Buffer 12 ETF - August

SIXPBAllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF

In short

AUGP No data

SIXP Ten percent of the downside absorbed, the upside capped, and the whole deal re-struck every six months instead of once a year. SIXP is the March/September dial in AllianzIM's semiannual buffer lineup.

Stated mandate

AUGP No data

SIXP The Fund is designed to match the share-price return of the SPDR S&P 500 ETF Trust at the end of each six-month Outcome Period, subject to an upside Cap. It also seeks to absorb the first 10% of the reference ETF’s losses.

Why people hold it

AUGP No data

SIXP Absorbs the first 10% of the reference S&P 500 ETF's decline over each six-month outcome period, with the upside capped.
Resets twice a year, in March and September, so the cap is re-struck against fresher pricing more often than in a standard 12-month buffer fund.
0.74% a year, a shade under the typical fee among shallow-buffer funds.
A 1940 Act fund holding its own options package rather than a bank note, and it sits in the upper half of a crowded shallow-buffer field.

Worth knowing

AUGP No data

SIXP The cap is the price of the cushion, and each new cap is set at the reset, moving with volatility and rates. Enter mid-period and your cushion and ceiling differ from the stated terms.
It targets the reference ETF's share-price return, so dividends aren't part of the deal, and this fund hasn't been paying distributions.
A small, lightly traded fund next to the biggest buffer names, so spreads can be wider.

Full AUGP profile⁠

Full SIXP profile⁠

AUGP vs SIXP Holdings

How AUGP and SIXP differ

Overlap by weight

0.0%

Level by level

Asset classAlternatives, Stocks0.0%
Holdings0 in both0.0%
Countryby domicile99.99%
Sector11 Sectors99.7%

Sector

Sector weights in AUGP and SIXP, widest gap first
Sector	Gap	AUGP	SIXP
Technology	AUGP +0.3 points	36.7%	36.4%
Financials	SIXP +0.1 points	12.5%	12.6%
Consumer Staples	Same weight	5.1%	5.1%
Health Care	SIXP +0.1 points	10.5%	10.6%
Consumer Discretionary	Same weight	9.7%	9.7%
Communication	Same weight	8.8%	8.8%
Utilities	Same weight	2.1%	2.1%
Real Estate	Same weight	1.9%	1.9%
Materials	Same weight	1.6%	1.6%
Energy	Same weight	3.5%	3.5%
Industrials	Same weight	7.6%	7.6%

Country, concentration and asset class

Country by domicile

Country weights in AUGP and SIXP, widest gap first
Country	Gap	AUGP	SIXP
United States	Same weight	99.5%	99.5%
Switzerland	Same weight	0.3%	0.3%
China	Same weight	0.1%	0.1%
Mexico	Same weight	0.0%	0.0%
Ireland	Same weight	0.0%	0.0%
United Kingdom	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

AUGP103.5%
SIXP102.3%

Securities held

AUGP3
SIXP2

Asset class

AUGP: Alternatives
SIXP: Stocks

Holdings

Only in AUGP3
In both0
Only in SIXP2

Only in AUGP

3 securities, 100% of AUGP by weight

4SPY Us 07/30/27 C7.4796.98%
4SPY Us 07/30/27 P747.035.69%
Net Current Assets<0.01%

Only in SIXP

2 securities, 100% of SIXP by weight

Spy 02/26/2027 5.68 C96.66%
Spy 02/26/2027 766.97 P5.30%

Weight gaps

AUGP and SIXP share no securities.

All AUGP holdings⁠All 5 SIXP 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 SIXP Cost

Overpaying SIXP vs AUGP

$4,328

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

AUGP 0.50%
$9,979
SIXP 0.74%
$14,307

Amount$10,000

Years30 years

Cost over time

AUGP 0.50%
SIXP 0.74%
Overpaying

Year by year

Year	AUGP	SIXP	Overpaying
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%SIXP

AUGP0.50%SIXP0.74%

0.25%0.85%

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

AUGP 5th cheapest of 77 funds

SIXP 17th cheapest of 77 funds

AUGP vs SIXP Dividends

Last 12 months to Nov 9, 2026

Payout (12M): AUGP None; SIXP None

Distribution history

AUGPAll AUGP payments⁠

No distribution history available.

SIXPAll SIXP payments⁠

No distribution history available.

AUGP vs SIXP 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 2024SIXP 6.0%since Apr 2024
Return per unit of riskSharpe ratio, 3 years: AUGP 1.31since Jun 2024SIXP 1.27since Apr 2024
Worst fallMax drawdown, 5 years: AUGP −11.1%since May 2024SIXP −11.3%since Mar 2024
Market sensitivityBeta, 5 years: AUGP 0.54SIXP 0.48; Market = 1

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