Data as of . Every figure is the buffer desk's own, on published data.
BSEP vs PAUG
Innovator U.S. Equity Buffer ETF - Sep and Innovator U.S. Equity Power Buffer ETF - Aug, side by side on the buffer desk.
Open the live comparison on ETFIQ| BSEP Innovator U.S. Equity Buffer ETF - Sep | PAUG Innovator U.S. Equity Power Buffer ETF - Aug | |
|---|---|---|
| Issuer | Innovator | Innovator |
| Reference index | SPY | SPY |
| Buffer | ||
| Outcome period | Aug 31, 2026 to Aug 31, 2027 | Jul 31, 2026 to Jul 31, 2027 |
| Days left | 361 | 330 |
| Starting cap | +19.8% | +13.8% |
| Can still gain | 19.4% | 11.7% |
| Fall before buffer | 0.3% | 1.9% |
| Protection left, index points | 9.0% of 9.0% | 15.0% of 15.0% |
| Index return this period | +0.4% | +3.1% |
| Fund return this period | +0.3% | +1.8% |
| State today | Open | Open |
| Expense ratio | 0.79% | 0.79% |
BSEP in plain words
From its price on Sep 4, 2026, the fund can gain about 19.4% more before it reaches its cap. The fund's price can fall 0.3% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 0.4% from today's level to the point where the buffer begins. Protection left, in index points: 9.0% of the 9.0% buffer still sits below today's SPY level. 361 days remained on Sep 4, 2026. On Aug 31, 2027 the period ends and a new cap is set.
PAUG in plain words
From its price on Sep 4, 2026, the fund can gain about 11.7% more before it reaches its cap. The fund's price can fall 1.9% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 3.0% from today's level to the point where the buffer begins. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level. 330 days remained on Sep 4, 2026. On Jul 31, 2027 the period ends and a new cap is set.
Questions people ask
- Which has more room to gain, BSEP or PAUG?
- From their prices on Sep 4, 2026, BSEP can gain about 19.4% before its cap and PAUG about 11.7%, so BSEP has more room left this period.
- Which resets first, BSEP or PAUG?
- BSEP ends its outcome period on Aug 31, 2027 and PAUG on Jul 31, 2027. A new cap is set the day after each.
- Which is cheaper, BSEP or PAUG?
- BSEP charges 0.79% a year and PAUG charges 0.79%, so BSEP is cheaper. Fees come from each fund's prospectus.
Other comparisons
Cite this page. ETFIQ, BSEP against PAUG, data as of Sep 4, 2026. https://etfiq.com/compare/buffer/BSEP-PAUG.html Free to use with attribution; the underlying files are at Open data.
ETFIQ is an independent publisher of exchange-traded fund data. It is not a fund issuer, broker-dealer or investment adviser, and it makes no recommendations; every figure here is stated arithmetic on published data. Standards and sources