MRCP vs. AUGU

Last updated Aug 4, 2026

MRCP (PGIM US Large-Cap Buffer 12 ETF - March) and AUGU (AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF) are both Options Trading funds. Both are actively managed. Over the past year, MRCP returned 15.92% vs 16.42% for AUGU. Their correlation of 0.94 means they have usually moved in the same direction. MRCP charges 0.50%/yr vs 0.74%/yr for AUGU.

Performance

MRCP vs. AUGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM US Large-Cap Buffer 12 ETF - March (MRCP) and AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF (AUGU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with MRCP having a 8.52% return and AUGU slightly lower at 8.48%.

MRCP

• 1D: 0.33%
• 1M: 1.16%
• 6M: 7.32%
• YTD: 8.52%
• 1Y: 15.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.42%

AUGU

• 1D: 0.94%
• 1M: 1.23%
• 6M: 6.99%
• YTD: 8.48%
• 1Y: 16.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.74%

*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)
AUGU AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF	$426.55K	$221.57K	$239.93K
MRCP PGIM US Large-Cap Buffer 12 ETF - March	$102.07K	$129.29K	$125.02K

MRCP vs. AUGU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MRCP PGIM US Large-Cap Buffer 12 ETF - March	8.52%	14.13%	5.53%
AUGU AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF	8.48%	12.54%	4.16%

Correlation

The correlation between MRCP and AUGU is 0.94, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.94
Correlation (All Time) Calculated using the full available price history since Aug 1, 2024	0.94

The correlation between MRCP and AUGU has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.

Return for Risk

MRCP vs. AUGU — Risk / Return Rank

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

MRCP

MRCP Risk / Return Rank: 88
MRCP Sharpe Ratio Rank: 86
MRCP Sortino Ratio Rank: 88
MRCP Omega Ratio Rank: 92
MRCP Calmar Ratio Rank: 83
MRCP Martin Ratio Rank: 93

AUGU

AUGU Risk / Return Rank: 60
AUGU Sharpe Ratio Rank: 57
AUGU Sortino Ratio Rank: 57
AUGU Omega Ratio Rank: 55
AUGU Calmar Ratio Rank: 63
AUGU Martin Ratio Rank: 66

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.

MRCP vs. AUGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM US Large-Cap Buffer 12 ETF - March (MRCP) and AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF (AUGU). 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.

	MRCP	AUGU	Difference
Sharpe ratio: Return per unit of total volatility	2.17	1.53	+0.64
Sortino ratio: Return per unit of downside risk	3.19	2.17	+1.02
Omega ratio: Gain probability vs. loss probability	1.47	1.27	+0.20
Calmar ratio: Return relative to maximum drawdown	3.32	2.45	+0.87
Martin ratio: Return relative to average drawdown	17.92	8.77	+9.16

MRCP vs. AUGU - Sharpe Ratio Comparison

The current MRCP Sharpe Ratio is 2.17, which is higher than the AUGU Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of MRCP and AUGU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MRCP vs. AUGU - Drawdown Comparison

The maximum MRCP drawdown since its inception was -10.73%, smaller than the maximum AUGU drawdown of -12.17%. Use the drawdown chart below to compare losses from any high point for MRCP and AUGU.

Drawdown Indicators

	MRCP	AUGU	Difference
Max Drawdown Largest peak-to-trough decline	-10.73%	-12.17%	+1.44%
Max Drawdown (1Y) Largest decline over 1 year	-4.81%	-6.72%	+1.91%
Current Drawdown Current decline from peak	0.00%	-0.76%	+0.76%
Average Drawdown Average peak-to-trough decline	-0.76%	-1.85%	+1.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.89%	1.88%	-0.99%

Volatility

MRCP vs. AUGU - Volatility Comparison

The current volatility for PGIM US Large-Cap Buffer 12 ETF - March (MRCP) is 1.77%, while AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF (AUGU) has a volatility of 3.78%. This indicates that MRCP experiences smaller price fluctuations and is considered to be less risky than AUGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MRCP	AUGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.77%	3.78%	-2.01%
Volatility (6M) Calculated over the trailing 6-month period	6.54%	8.85%	-2.31%
Volatility (1Y) Calculated over the trailing 1-year period	7.38%	10.83%	-3.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.41%	11.52%	-2.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.41%	11.52%	-2.11%

MRCP vs. AUGU - Expense Ratio Comparison

MRCP has a 0.50% expense ratio, which is lower than AUGU's 0.74% expense ratio.

Dividends

MRCP vs. AUGU - Dividend Comparison

Neither MRCP nor AUGU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MRCP and AUGU in my portfolio?

With a correlation of 0.94, MRCP and AUGU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, MRCP or AUGU?

AUGU has higher volatility (3.78%) compared to MRCP (1.77%). In terms of maximum drawdown, MRCP dropped -10.73% vs AUGU's -12.17%.

Which ETF is better, MRCP or AUGU?

On 1-year performance, AUGU leads with 16.42% vs 15.92% for MRCP. On fees, MRCP is cheaper at 0.50% per year. On volatility, MRCP has been the lower-risk option at 1.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MRCP or AUGU?

Over the 1-year period, AUGU has performed better with a 16.42% return vs 15.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MRCP or AUGU?

MRCP is cheaper with a 0.50% expense ratio, compared with 0.74% for AUGU.

Which ETF pays a higher dividend yield, MRCP or AUGU?

MRCP and AUGU have nearly identical dividend yields, around 0.00%.

What is the main difference between MRCP and AUGU?

They also come from different issuers: PGIM and Allianz. Their fees differ too: 0.50% for MRCP and 0.74% for AUGU.

Which has better risk-adjusted returns?

MRCP currently has the higher Sharpe Ratio (2.17 vs 1.53), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.