AUGT vs. PMDE

Last updated Jun 26, 2026

AUGT (AllianzIM U.S. Large Cap Buffer10 Aug ETF) and PMDE (PGIM S&P 500 Max Buffer ETF - December) are both exchange-traded funds - AUGT is a Options Trading fund actively managed by Allianz, while PMDE is a Defined Outcome fund tracking the SPDR S&P 500 ETF Trust (SPY). AUGT is actively managed, while PMDE is passively managed. Their correlation of 0.89 suggests significant overlap in exposure. AUGT charges 0.74%/yr vs 0.50%/yr for PMDE.

Performance

AUGT vs. PMDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Large Cap Buffer10 Aug ETF (AUGT) and PGIM S&P 500 Max Buffer ETF - December (PMDE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AUGT achieves a 5.86% return, which is significantly higher than PMDE's 2.39% return.

AUGT

• 1D: -0.03%
• 1M: -0.04%
• YTD: 5.86%
• 6M: 5.37%
• 1Y: 16.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PMDE

• 1D: -0.02%
• 1M: -0.04%
• YTD: 2.39%
• 6M: 2.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AUGT vs. PMDE - Yearly Performance Comparison

	2026 (YTD)	2025
AUGT AllianzIM U.S. Large Cap Buffer10 Aug ETF	5.86%	0.76%
PMDE PGIM S&P 500 Max Buffer ETF - December	2.39%	0.44%

Correlation

The correlation between AUGT and PMDE is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 1, 2025	0.89

Return for Risk

AUGT vs. PMDE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AUGT

AUGT Risk / Return Rank: 82
AUGT Sharpe Ratio Rank: 82
AUGT Sortino Ratio Rank: 84
AUGT Omega Ratio Rank: 86
AUGT Calmar Ratio Rank: 71
AUGT Martin Ratio Rank: 87

PMDE

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AUGT vs. PMDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap Buffer10 Aug ETF (AUGT) and PGIM S&P 500 Max Buffer ETF - December (PMDE). 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.

	AUGT	PMDE	Difference
Sharpe ratio: Return per unit of total volatility	2.29	—	—
Sortino ratio: Return per unit of downside risk	3.27	—	—
Omega ratio: Gain probability vs. loss probability	1.45	—	—
Calmar ratio: Return relative to maximum drawdown	3.13	—	—
Martin ratio: Return relative to average drawdown	16.21	—	—

Drawdowns

AUGT vs. PMDE - Drawdown Comparison

The maximum AUGT drawdown since its inception was -13.12%, which is greater than PMDE's maximum drawdown of -1.59%. Use the drawdown chart below to compare losses from any high point for AUGT and PMDE.

Drawdown Indicators

	AUGT	PMDE	Difference
Max Drawdown Largest peak-to-trough decline	-13.12%	-1.59%	-11.53%
Max Drawdown (1Y) Largest decline over 1 year	-5.36%	—	—
Current Drawdown Current decline from peak	-0.67%	-0.33%	-0.34%
Average Drawdown Average peak-to-trough decline	-1.22%	-0.26%	-0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.04%	—	—

Volatility

Volatility by Period

	AUGT	PMDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.66%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.58%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.35%	2.46%	+4.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.12%	2.46%	+7.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.12%	2.46%	+7.66%

AUGT vs. PMDE - Expense Ratio Comparison

AUGT has a 0.74% expense ratio, which is higher than PMDE's 0.50% expense ratio.

Dividends

AUGT vs. PMDE - Dividend Comparison

Neither AUGT nor PMDE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AUGT and PMDE in my portfolio?

AUGT and PMDE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AUGT or PMDE?

On fees, PMDE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AUGT or PMDE?

PMDE is cheaper with a 0.50% expense ratio, compared with 0.74% for AUGT.

Which ETF pays a higher dividend yield, AUGT or PMDE?

AUGT and PMDE have nearly identical dividend yields, around 0.00%.

What is the main difference between AUGT and PMDE?

AUGT is categorized as Options Trading, while PMDE is Defined Outcome. They also come from different issuers: Allianz and PGIM. Their fees differ too: 0.74% for AUGT and 0.50% for PMDE.