AUGP vs QQQ
PGIM S&P 500 Buffer 12 ETF - August vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | AUGP | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.18% | |
| AUM | $24M | $455.8B | |
| Dividend Yield | 0.00% | 0.41% | |
| Holdings | 7 | 108 | |
| YTD Return | +9.41% | +19.68% | |
| 1Y Return | +14.37% | +26.75% | |
| 3Y Return (annualized) | - | +26.25% | |
| 5Y Return (annualized) | - | +15.39% | |
| Volatility (annualized) | 6.7% | 30.6% | |
| Max Drawdown | -12.0% | -83.0% | |
| Fund Family | PGIM Investments | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | May 10, 2024 | Mar 10, 1999 |
AUGP vs QQQ Performance
PGIM S&P 500 Buffer 12 ETF - August (AUGP) is a ETF from PGIM Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year AUGP returned +14.37% while QQQ returned +26.75%. Year to date, AUGP is up 9.41% versus a gain of 19.68% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 6.7% for AUGP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -12.0% for AUGP and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AUGP charges 0.50% per year while QQQ charges 0.18%. On a $10,000 position that is $50 vs $18 annually, a gap of $32 per year that compounds over a long holding period. On income, AUGP currently yields 0.00% against 0.41% for QQQ.
Frequently Asked Questions
Which is cheaper, AUGP or QQQ?
AUGP has an expense ratio of 0.50% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, AUGP or QQQ?
Over the past year AUGP returned +14.37% vs +26.75% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), AUGP annualized +14.59% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, AUGP or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 6.7% for AUGP. Worst drawdown: AUGP -12.0% vs QQQ -83.0%.
Should I hold both AUGP and QQQ?
AUGP and QQQ have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, AUGP or QQQ?
AUGP yields 0.00% while QQQ yields 0.41%, so QQQ currently pays the higher dividend yield.
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