Which has more room to gain, AUGM or FAUG?

From their prices on Oct 9, 2026, AUGM can gain about 6.4% before its cap and FAUG about 14.5%, so FAUG has more room left this period.

Which resets first, AUGM or FAUG?

AUGM ends its outcome period on Aug 20, 2027 and FAUG on Aug 20, 2027. A new cap is set the day after each.

Which is cheaper, AUGM or FAUG?

AUGM and FAUG both charge 0.85% a year, so neither is cheaper. Fees come from each fund's prospectus.

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AUGM vs FAUG: Cap, Buffer & Days Left

As of Oct 9, 2026 FAUG can fall 2.4% before its buffer engages and AUGM 1.5%. Net assets on Oct 9, 2026: $66m for FT Vest U.S. Equity Max Buffer ETF - August and $1.4bn for FT Vest U.S. Equity Buffer ETF - August.

Both cost 0.85% a year; their one-year returns differ by 6.7 points; FAUG is far larger, $1.4bn against $66m.

	AUGM	FAUG
Expense ratio	0.85%	0.85%
Net assets	$66m	$1.4bn
Total return, 1 year	+5.7%	+12.4%
What it tracks	SPY	SPY
Holdings in common	not published
Index fall to the buffer	1.7%

1.5%

AUGM can fall this far before its buffer

2.4%

FAUG can fall this far before its buffer

6.4%

AUGM can still gain

14.5%

FAUG can still gain

AUGMFull floor

AUGM: reference +1.7% since period start, fund +0.7%; buffer Floor; cap +8.0%; Full floor. Figures to Oct 9, 2026.

Figures to Oct 9, 2026.

FAUGBetween buffer and cap

FAUG: reference +1.7% since period start, fund +1.6%; buffer 0 to −10; cap +17.2%; Between buffer and cap. Figures to Oct 9, 2026.

These are two different products. AUGM is a floor fund, which caps how far a holder can fall. FAUG is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.

Both are First Trust funds, so the difference between them is the terms rather than the house.

Where each one stands today

AUGM resets first, on Aug 20, 2027, 315 days from now; FAUG runs to Aug 20, 2027, 315 days. AUGM can still gain 6.4% before its cap, FAUG 14.5%. A fall from here reaches AUGM’s buffer after 1.5% and FAUG’s after 2.4%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

	Total return		Gap to the reference's price return
Window	AUGM	FAUG	AUGM	FAUG
3 months	+1.3%	+2.9%	−1.9 pts	−0.3 pts
6 months	+3.8%	+9.5%	−10.8 pts	−5.0 pts
1 year	+5.7%	+12.4%	−10.3 pts	−3.6 pts
3 years	not published	+54.3%	not published	−24.8 pts

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

On the same fields

AUGM

FT Vest U.S. Equity Max Buffer ETF - August · Absorbs the whole loss on SPY and caps the gain at 8.0%, over a period ending Aug 20, 2027

FAUG

FT Vest U.S. Equity Buffer ETF - August · Absorbs the first 10% of loss on SPY and caps the gain at 17.2%, over a period ending Aug 20, 2027

Issuer First Trust First Trust

Reference index SPY SPY

Buffer 100% 10%

Outcome period Aug 24, 2026 to Aug 20, 2027 Aug 24, 2026 to Aug 20, 2027

Days left 315 315

Starting cap +8.0% +17.2%

Can still gain 6.4% 14.5%

Fall before buffer 1.5% 2.4%

Protection left, index points 100.0% of 100.0% 10.0% of 10.0%

Index return this period +1.7% +1.7%

Fund return this period +0.7% +1.6%

State today Open Open

Expense ratio 0.85% 0.85%

Net assets $66m $1.4bn

As of Oct 9, 2026. Source: ETFIQ.

AUGM in plain words

From its price on Oct 9, 2026, the fund can gain about 6.4% more before it reaches its cap. The fund's price can fall 1.5% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 1.7% from today's level to the point where the buffer begins. Protection left, in index points: 100.0% of the 100.0% buffer still sits below today's SPY level. 315 days remained on Oct 9, 2026. On Aug 20, 2027 the period ends and a new cap is set.

FAUG in plain words

From its price on Oct 9, 2026, the fund can gain about 14.5% more before it reaches its cap. The fund's price can fall 2.4% from here before the buffer starts absorbing losses, by the issuer's figure. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, AUGM or FAUG?: From their prices on Oct 9, 2026, AUGM can gain about 6.4% before its cap and FAUG about 14.5%, so FAUG has more room left this period.
Which resets first, AUGM or FAUG?: AUGM ends its outcome period on Aug 20, 2027 and FAUG on Aug 20, 2027. A new cap is set the day after each.
Which is cheaper, AUGM or FAUG?: AUGM and FAUG both charge 0.85% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

AUGM vs PSEP AUGM vs BSEP AUGM vs DAUG AUGM vs GAUG FAUG vs CPSA FAUG vs PBSE FAUG vs CPST FAUG vs SEPT

State Street® SPDR® S&P 500® ETF Trust →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →AUGM on its own →FAUG on its own →How every figure is computed →Standards and sources →

Where these figures came from

AUGM and FAUG filings on SEC EDGAR ↗First Trust page for AUGM ↗First Trust page for FAUG ↗

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

How this is computed

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 page

ETFIQ, AUGM against FAUG, data as of Oct 9, 2026. https://etfiq.com/compare/buffer/augm-vs-faug

Open data

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