AUGC vs PBAU: Cap, Buffer & Days Left

PBAU can fall 2.8% before its buffer engages as of Oct 13, 2026, and AUGC 2.6% as of Oct 12, 2026. Net assets: $1m on Oct 12, 2026 for Corgi U.S. Equities 10% Structured Buffer ETF - August Series, and $40m on Oct 13, 2026 for PGIM S&P 500 Buffer 20 ETF - August .

AUGC costs 0.20 points a year less; PBAU is far larger, $40m against $1m.

Points (pts) are percentage points.

AUGC vs PBAU: Cap, Buffer & Days Left
AUGCPBAU
Expense ratio0.30%0.50%
Net assets, as of Oct 12, 2026$1m$40m
Total return, 1 yearnot published+11.1%
What it tracksSPYSPY
Holdings in commonnot published
Index fall to the buffer2.6%3.9%
AUGCBetween buffer and cap
Between buffer and capAUGC: reference +2.7% since period start, fund +2.9%; buffer 0 to −10; cap +18.0%; Between buffer and cap. Figures to Oct 12, 2026.10 pts of buffer+15.3% more to the cap−10.0% floor0% period start+18.0% cap+2.7% gain capturedTODAY · SPY +2.7%Between buffer and capAUGC: reference +2.7% since period start, fund +2.9%; buffer 0 to −10; cap +18.0%; Between buffer and cap. Figures to Oct 12, 2026.10 pts−10.0% floor0% start+18.0% cap+2.7% gain captured+15.3% more to the capTODAY · SPY +2.7%

AUGC: reference +2.7% since period start, fund +2.9%; buffer 0 to −10; cap +18.0%; Between buffer and cap. Figures to Oct 12, 2026.

AUGC: reference +2.7% since period start, fund +2.9%; buffer 0 to −10; cap +18.0%; Between buffer and cap. Figures to Oct 12, 2026.

PBAUBetween buffer and cap
Between buffer and capPBAU: reference +4.0% since period start, fund +2.3%; buffer 0 to −20; cap +12.2%; Between buffer and cap. Figures to Oct 13, 2026.20 pts of buffer+4%+8.1% to cap−20.0% floor0% period start+12.2% capTODAY · SPY +4.0%Between buffer and capPBAU: reference +4.0% since period start, fund +2.3%; buffer 0 to −20; cap +12.2%; Between buffer and cap. Figures to Oct 13, 2026.20 pts of buffer−20.0% floor0% start+12.2% cap+4% gain captured+8.1% more to the capTODAY · SPY +4.0%

PBAU: reference +4.0% since period start, fund +2.3%; buffer 0 to −20; cap +12.2%; Between buffer and cap. Figures to Oct 13, 2026.

PBAU: reference +4.0% since period start, fund +2.3%; buffer 0 to −20; cap +12.2%; Between buffer and cap. Figures to Oct 13, 2026.

ETFIQ Downside Cover Score · PBAU scores higherIf the market falls into a bear market from here, how much does the buffer absorb?
0.2, the lowest in this set99.8, the highest

A percentile among the 292 buffer ETFs on stocks with a live outcome period. Today's position against one 20% fall; it ignores smaller falls, and stock buffers are never ranked against bond or commodity ones. All buffer ETFs ranked by it → How it is computed →

Where each one stands today

PBAU resets first, on Jul 31, 2027, 291 days from now; AUGC runs to Jul 31, 2027, 292 days. A fall from here reaches AUGC’s buffer after 2.6% and PBAU’s after 2.8%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

Performance, window by window: AUGC vs PBAU: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowAUGCPBAUAUGCPBAU
3 monthsnot published+2.7%not published−1.2 pts
6 monthsnot published+6.5%not published−6.9 pts
1 yearnot published+11.1%not published−8.1 pts
Since launch
Not the same days: AUGC Aug 2026 · PBAU May 2024
+0.9%+29.2%0.0 pts−20.1 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Source: ETFIQ. Open this comparison in the app →

On the same fields

AUGC
Corgi U.S. Equities 10% Structured Buffer ETF - August Series · Absorbs the first 10% of loss on SPY and caps the gain at 18.0%, over a period ending Jul 31, 2027
PBAU
PGIM S&P 500 Buffer 20 ETF - August · Absorbs the first 20% of loss on SPY and caps the gain at 12.2%, over a period ending Jul 31, 2027
Issuer Corgi PGIM
Reference index SPY SPY
Buffer 10% 20%
Outcome period Aug 1, 2026 to Jul 31, 2027 Aug 1, 2026 to Jul 31, 2027
Days left 292 291
Starting cap +18.0% +12.2%
Can still gain not published 9.1%
Fall before buffer 2.6% 2.8%
Protection left, index points 10.0% of 10.0% 20.0% of 20.0%
Index return this period +2.7% +4.0%
Fund return this period +2.9% +2.3%
State today Open Open
Expense ratio 0.30% 0.50%
Net assets, AUGC as of Oct 12, 2026 and PBAU as of Oct 13, 2026 $1m $40m

As of Oct 13, 2026. Source: ETFIQ.

About AUGC

The fund's price can fall 2.6% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 2.6% from today's level to the point where the buffer begins. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's SPY level. 292 days remained on Oct 12, 2026. On Jul 31, 2027 the period ends and a new cap is set.

About PBAU

From its price on Oct 13, 2026, the fund can gain about 9.1% more before it reaches its cap. The fund's price can fall 2.8% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 3.9% from today's level to the point where the buffer begins. Protection left, in index points: 20.0% of the 20.0% buffer still sits below today's SPY level. 291 days remained on Oct 13, 2026.

Questions people ask

Which resets first, AUGC or PBAU?
AUGC ends its outcome period on Jul 31, 2027 and PBAU on Jul 31, 2027. A new cap is set the day after each.
Which is cheaper, AUGC or PBAU?
AUGC charges 0.30% a year and PBAU charges 0.50%, so AUGC is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

ETFIQ calculates every figure from each issuer’s published outcome-period terms. Buffer ETFs hold options on an index, not shares, so there is no holdings overlap to report.

Every figure is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, AUGC against PBAU, data as of Oct 13, 2026. https://etfiq.com/compare/buffer/augc-vs-pbau

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.