AUGM vs. PMAU

Last updated Aug 1, 2026

AUGM (FT Vest U.S. Equity Max Buffer ETF - August) and PMAU (PGIM S&P 500 Max Buffer ETF - August) are both Defined Outcome funds. Both are actively managed. Over the past year, AUGM returned 6.47% vs 7.00% for PMAU. Their correlation of 0.88 means they have usually moved in the same direction. AUGM charges 0.85%/yr vs 0.50%/yr for PMAU.

Performance

AUGM vs. PMAU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Max Buffer ETF - August (AUGM) and PGIM S&P 500 Max Buffer ETF - August (PMAU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AUGM achieves a 3.63% return, which is significantly lower than PMAU's 3.90% return.

AUGM

• 1D: 0.09%
• 1M: 0.51%
• 6M: 3.17%
• YTD: 3.63%
• 1Y: 6.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.54%

PMAU

• 1D: 0.09%
• 1M: 0.49%
• 6M: 3.48%
• YTD: 3.90%
• 1Y: 7.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AUGM FT Vest U.S. Equity Max Buffer ETF - August	$8.63K	$19.16K	$51.26K
PMAU PGIM S&P 500 Max Buffer ETF - August	$48.78K	$23.35K	$8.53K

AUGM vs. PMAU - Yearly Performance Comparison

	2026 (YTD)	2025
AUGM FT Vest U.S. Equity Max Buffer ETF - August	3.63%	2.53%
PMAU PGIM S&P 500 Max Buffer ETF - August	3.90%	2.94%

Correlation

The correlation between AUGM and PMAU is 0.88, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 1, 2025	0.88

Return for Risk

AUGM vs. PMAU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AUGM

AUGM Risk / Return Rank: 94
AUGM Sharpe Ratio Rank: 95
AUGM Sortino Ratio Rank: 96
AUGM Omega Ratio Rank: 95
AUGM Calmar Ratio Rank: 90
AUGM Martin Ratio Rank: 95

PMAU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AUGM vs. PMAU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Max Buffer ETF - August (AUGM) and PGIM S&P 500 Max Buffer ETF - August (PMAU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AUGM	PMAU	Difference
Sharpe ratio: Return per unit of total volatility	2.74	—	—
Sortino ratio: Return per unit of downside risk	4.22	—	—
Omega ratio: Gain probability vs. loss probability	1.58	—	—
Calmar ratio: Return relative to maximum drawdown	3.88	—	—
Martin ratio: Return relative to average drawdown	21.27	—	—

Drawdowns

AUGM vs. PMAU - Drawdown Comparison

The maximum AUGM drawdown since its inception was -4.27%, which is greater than PMAU's maximum drawdown of -1.79%. Use the drawdown chart below to compare losses from any high point for AUGM and PMAU.

Drawdown Indicators

	AUGM	PMAU	Difference
Max Drawdown Largest peak-to-trough decline	-4.27%	-1.79%	-2.48%
Max Drawdown (1Y) Largest decline over 1 year	-1.62%	-1.79%	+0.17%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.33%	-0.15%	-0.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.29%	—	—

Volatility

Volatility by Period

	AUGM	PMAU	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.66%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.80%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.29%	2.35%	-0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.45%	2.35%	+1.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.45%	2.35%	+1.10%

AUGM vs. PMAU - Expense Ratio Comparison

AUGM has a 0.85% expense ratio, which is higher than PMAU's 0.50% expense ratio.

Dividends

AUGM vs. PMAU - Dividend Comparison

Neither AUGM nor PMAU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AUGM and PMAU in my portfolio?

AUGM and PMAU have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AUGM or PMAU?

On 1-year performance, PMAU leads with 7.00% vs 6.47% for AUGM. On fees, PMAU is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AUGM or PMAU?

Over the 1-year period, PMAU has performed better with a 7.00% return vs 6.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AUGM or PMAU?

PMAU is cheaper with a 0.50% expense ratio, compared with 0.85% for AUGM.

Which ETF pays a higher dividend yield, AUGM or PMAU?

AUGM and PMAU have nearly identical dividend yields, around 0.00%.

What is the main difference between AUGM and PMAU?

They also come from different issuers: First Trust and PGIM. Their fees differ too: 0.85% for AUGM and 0.50% for PMAU.