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AUGP vs XBFR

PGIM S&P 500 Buffer 12 ETF - August

AUGPBCboe

Innovator Equity Managed 10 Buffer ETF

XBFRCNYSE Arca

Overlap

Expense ratio

AUGP −0.29pt a year

AUGP0.50%XBFR0.79%

Avg volume · 30D

XBFR 1.6×the volume

AUGP7.35KXBFR11.5K

AUGP vs XBFR Performance

Jul 31, 2026 – Nov 2, 2026

+1.1%AUGP+0.5%XBFR

Jul 31, 2026 to Nov 2, 2026. AUGP +1.1%. XBFR +0.5%. Use the arrow keys to read each point.0%2%3%Jul 2026Sep 2026Nov 2026
Expense ratio
AUGP 0.50%, better
XBFR 0.79%
Fund size
AUGP $38M
XBFR $53M
1Y total return
AUGP +9.9%
XBFR No data
Holdings
AUGP 4
XBFR 189
Avg volume (30D)
AUGP 7.35K sh
XBFR 11.5K sh, better
NAV per share
AUGP $33.89
XBFR $26.70
52W range

ETF.net Grade

AUGP: Cost 91, Risk 72, Mission not scored, Tradability 24, Holdings not scored, Durability 38. XBFR: Cost 40, Risk 50, Mission not scored, Tradability 31, Holdings 85, Durability 30.
Pillar letters and Scores for AUGP, XBFR, with each pillar’s weight
PillarAUGPXBFR
Cost30% weightA91HigherC40
Mission25% weightNot scoredNot scored
Risk15% weightA72HigherC50
Tradability15% weightF24D31Higher
Holdings10% weightNot scoredA85
Durability5% weightD38HigherD30

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 XBFR 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 XBFR 48th 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 48CFSEPFT Vest U.S. Equity Buffer ETF - SeptemberScore 45
  5. Rank 48CXBFRInnovator Equity Managed 10 Buffer ETFScore 45
  6. Rank 53CFJANFT Vest U.S. Equity Buffer ETF - JanuaryScore 44

Our read on each fund

ETF.net Research

AUGPBPGIM S&P 500 Buffer 12 ETF - August

XBFRCInnovator Equity Managed 10 Buffer ETF

In short

AUGP No data

XBFR Most buffer ETFs buy their cushion with a cap on gains. XBFR skips the cap: sub-adviser Parametric runs roughly 200 large-cap stocks behind a laddered options overlay targeting a 10% quarterly buffer, upside left uncapped.

Stated mandate

AUGP No data

XBFR Actively managed ETF seeking capital appreciation from uncapped participation in large-cap U.S. equities while limiting losses through a laddered options strategy targeting quarterly 10% buffers.

Why people hold it

AUGP No data

  • XBFR Buffer without the ceiling: the strategy targets roughly 10% of downside cushion while leaving participation in large-cap gains uncapped.innovatoretfs.com
  • The cushion ladders quarterly instead of resetting on one annual date, so entry timing matters less than it does with a dated defined-outcome fund.innovatoretfs.com
  • You own the stocks: Parametric manages roughly 200 large-cap names with an index options overlay, not a basket of FLEX options on a proxy.innovatoretfs.com

Worth knowing

AUGP No data

  • XBFR At 0.79% the fee sits at the middle of the shallow-buffer pack; ZALT and BUFM charge 0.69%, and PGIM's dated JUNP and AUGP charge 0.50%.
  • Buffers are targets, not promises. Innovator states there is no guarantee the fund delivers the sought-after protection against index losses.innovatoretfs.com
  • Launched in 2026 and lightly traded, so there is little record to judge and spreads can run wider than in the category's biggest names.

Full AUGP profile⁠

Full XBFR profile⁠

AUGP vs XBFR 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 XBFR Cost

Overpaying XBFR vs AUGP

$5,195

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

  • AUGP 0.50%

    $9,979

  • XBFR 0.79%

    $15,174

$10,000
30 years

Cost over time

  • AUGP 0.50%
  • XBFR 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$20K051015202530XBFR $15,174AUGP $9,979

Year by year

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

AUGP 5th cheapest of 77 funds

XBFR 34th cheapest of 77 funds

AUGP vs XBFR Dividends

Last 12 months to Nov 2, 2026
Payout (12M)
AUGP None
XBFR No data
Last payment
AUGP No data
XBFR $0.02
Ex-dividend
AUGP No data
XBFR Sep 30, 2026
Paid on
AUGP No data
XBFR Oct 2, 2026
Frequency
AUGP No data
XBFR Quarterly

Distribution history

Per share, 2026, same scale for both

AUGPAll AUGP payments⁠

No distribution history available.

XBFRQuarterly · 3 paymentsAll XBFR payments⁠
One bar per payment. 3 payments in 2026 YTD. Mar 31, 2026 $0.008; Jun 30, 2026 $0.02; Sep 30, 2026 $0.02. Use the arrow keys to read each point.$0$0.022026YTD

AUGP vs XBFR 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 2024XBFR No data
Return per unit of riskSharpe ratio, 3 years
AUGP 1.31since Jun 2024XBFR No data
Worst fallMax drawdown, 5 years
AUGP −11.1%since May 2024XBFR No data
Market sensitivityBeta, 5 years
AUGP 0.53XBFR 0.47

Popular comparisons

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

    Expense ratio
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    Category
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  • XBFRCvsZALTA

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    Expense ratio
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