CAUG vs GMAR: Grades, Fees and Holdings Compared

Corgi U.S. Equities 15% Structured Buffer ETF - August Series

CAUGCCboe

FT Vest U.S. Equity Moderate Buffer ETF - March

GMARCCboe

Overlap

0.0%by weight

Expense ratio

CAUG −0.55pt a year

CAUG0.30%GMAR0.85%

Avg volume · 30D

GMAR 51.2×the volume

CAUG582GMAR29.8K

CAUG vs GMAR Performance

Aug 7, 2026 – Nov 9, 2026

−0.5%CAUG+0.9%GMAR

Expense ratio: CAUG 0.30%, better; GMAR 0.85%
Fund size: CAUG $1M; GMAR $421M
1Y total return: CAUG No data; GMAR +12.5%
Holdings: CAUG 4; GMAR 3
Avg volume (30D): CAUG 582 sh; GMAR 29.8K sh, better
NAV per share: CAUG $24.81; GMAR $44.92
52W range

ETF.net Grade

Pillar letters and Scores for CAUG, GMAR, with each pillar’s weight
Pillar	CAUG	GMAR
Cost30% weight	A83Higher	F13
Mission25% weight	Not scored	Not scored
Risk15% weight	D31	A76Higher
Tradability15% weight	F9	B57Higher
Holdings10% weight	Not scored	B59
Durability5% weight	F2	A75Higher

Rank among S&P 500 Buffer 15% funds

How we build Categories ›

Same Category. CAUG and GMAR are both graded against the same 51 S&P 500 Buffer 15% funds, so their Grades compare head to head.

S&P 500 Buffer 15%⁠

Category · 51 funds

See all 51 ›

GMAR ranks 20th and CAUG 33rd of 51 funds in the S&P 500 Buffer 15% Category.

Rank 20CGJUNFT Vest U.S. Equity Moderate Buffer ETF - JuneScore 44
Rank 20CGMARFT Vest U.S. Equity Moderate Buffer ETF - MarchScore 44
Rank 20CGNOVFT Vest U.S. Equity Moderate Buffer ETF - NovemberScore 44
Rank 31CJULUAllianzIM U.S. Equity Buffer15 Uncapped Jul ETFScore 41
Rank 33CCAUGCorgi U.S. Equities 15% Structured Buffer ETF - August SeriesScore 40
Rank 33CCJULCorgi U.S. Equities 15% Structured Buffer ETF - July SeriesScore 40

Our read on each fund

ETF.net Research

CAUGCCorgi U.S. Equities 15% Structured Buffer ETF - August Series

GMARCFT Vest U.S. Equity Moderate Buffer ETF - March

In short

CAUG No data

GMAR A March-dated buffer fund: it absorbs the first 15% of an SPY price drop over each one-year outcome period, and in exchange your upside stops at a cap First Trust resets every March.

Stated mandate

CAUG No data

GMAR The Fund seeks to match the price return of the State Street® SPDR® S&P 500® ETF Trust up to a 14.10% cap while protecting against the first 15% of losses during the specified outcome period.

Why people hold it

CAUG No data

GMAR The cushion is 15%, one of the deeper standard buffers out there: the fund is built to eat the first 15% of the reference ETF's price decline over the outcome period.ftportfolios.com
March is just one door. Twelve siblings (GJAN through GDEC) run the same 15% recipe on different start months, so entry dates can be laddered rather than guessed.ftportfolios.com
The rules are printed before you commit: buffer size, reference asset (SPY price return) and the exact outcome start and end dates all come from First Trust's own documents.ftportfolios.com

Worth knowing

CAUG No data

GMAR The 0.85% fee runs above the middle of the buffer peer group, and a laddered alternative like BUFF charges 0.10% for a broadly similar job.
It tracks SPY's price return, so dividends sit outside the deal, and there are no fund distributions either. Buy or sell mid-period and you get only part of the buffer and cap.
Volume is thin next to the headline buffer funds, so the bid-ask spread is worth a look before trading.

Full CAUG profile⁠

Full GMAR profile⁠

CAUG vs GMAR Holdings

How CAUG and GMAR differ

Overlap by weight

0.0%

About this figure: GMAR holds other funds. We compare those funds, not the stocks inside them.

Level by level

Holdings0 in both0.0%
Sector11 Sectors98.3%
Countryby domicile100%

Sector

Sector weights in CAUG and GMAR, widest gap first
Sector	Gap	CAUG	GMAR
Technology	GMAR +1.2 points	38.2%	39.4%
Communication	GMAR +0.5 points	8.4%	8.9%
Health Care	CAUG +0.5 points	10.3%	9.8%
Financials	CAUG +0.3 points	12.0%	11.7%
Consumer Staples	CAUG +0.3 points	4.9%	4.6%
Energy	CAUG +0.2 points	3.9%	3.7%
Industrials	CAUG +0.1 points	7.6%	7.5%
Utilities	CAUG +0.1 points	2.1%	2.0%
Real Estate	CAUG +0.1 points	1.8%	1.7%
Consumer Discretionary	CAUG +0.1 points	9.2%	9.1%
Materials	CAUG +0.1 points	1.6%	1.5%

Country, concentration and asset class

Country by domicile

Country weights in CAUG and GMAR, widest gap first
Country	Gap	CAUG	GMAR
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

CAUG103.0%
GMAR105.7%

Securities held

CAUG3
GMAR2

Asset class

CAUG: Stocks
GMAR: Multi-Asset

Holdings

Only in CAUG3
In both0
Only in GMAR2

Only in CAUG

3 securities, 100% of CAUG by weight

Spy 07/30/2027 151.53 C78.59%
United States Treasury Note/Bond 2.75% 07/31/202717.01%
Spy 07/30/2027 757.67 P6.16%

Only in GMAR

2 securities, 100% of GMAR by weight

2027-03-19 State Street® SPDR® S&P 500® ETF Trust C 6.51103.60%
2027-03-19 State Street® SPDR® S&P 500® ETF Trust P 648.591.58%

Weight gaps

CAUG and GMAR share no securities.

All CAUG holdings⁠All 4 GMAR 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.

CAUG vs GMAR Cost

Overpaying GMAR vs CAUG

$10,050

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

CAUG 0.30%
$6,149
GMAR 0.85%
$16,199

Amount$10,000

Years30 years

Cost over time

CAUG 0.30%
GMAR 0.85%
Overpaying

Year by year

Year	CAUG	GMAR	Overpaying
10	$545	$1,508	$963
20	$2,113	$5,706	$3,593
30	$6,149	$16,199	$10,050

Expense ratio

0.30%CAUG, cheaper
0.85%GMAR

CAUG0.30%GMAR0.85%

0.30%0.89%

Middle half of S&P 500 Buffer 15% funds
Median 0.79%

CAUG cheapest of 51 funds

GMAR 37th cheapest of 51 funds

CAUG vs GMAR Dividends

Last 12 months to Nov 9, 2026

Payout (12M): CAUG None; GMAR None

Distribution history

CAUGAll CAUG payments⁠

No distribution history available.

GMARAll GMAR payments⁠

No distribution history available.

CAUG vs GMAR Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: CAUG No dataGMAR 4.8%
Return per unit of riskSharpe ratio, 3 years: CAUG No dataGMAR 1.64
Worst fallMax drawdown, 5 years: CAUG No dataGMAR −9.1%since Mar 2023
Market sensitivityBeta, 5 years: CAUG 0.00GMAR 0.34; Market = 1

CAUG and GMAR in the news

All news⁠

New ETFs
Corgi's 10% August S&P buffer is a 0.30% clone of a crowded slot
Sep 11, 2026CAUG

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CAUG vs GMAR

In short

Stated mandate

Why people hold it

Worth knowing

How CAUG and GMAR differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in CAUG

Only in GMAR

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Corgi's 10% August S&P buffer is a 0.30% clone of a crowded slot