PMAU vs. AUGM

Last updated Aug 1, 2026

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

Performance

PMAU vs. AUGM - Performance Comparison

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

Returns By Period

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

PMAU

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

AUGM

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

*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

PMAU vs. AUGM - Yearly Performance Comparison

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

Correlation

The correlation between PMAU and AUGM 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

PMAU vs. AUGM — Risk / Return Rank

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

PMAU

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

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

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.

PMAU vs. AUGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM S&P 500 Max Buffer ETF - August (PMAU) and FT Vest U.S. Equity Max Buffer ETF - August (AUGM). 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.

	PMAU	AUGM	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

PMAU vs. AUGM - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

Volatility by Period

	PMAU	AUGM	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	2.35%	2.29%	+0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.35%	3.45%	-1.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.35%	3.45%	-1.10%

PMAU vs. AUGM - Expense Ratio Comparison

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

Dividends

PMAU vs. AUGM - Dividend Comparison

Neither PMAU nor AUGM has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PMAU and AUGM in my portfolio?

PMAU and AUGM 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, PMAU or AUGM?

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, PMAU or AUGM?

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, PMAU or AUGM?

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

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

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

What is the main difference between PMAU and AUGM?

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