Which has more room to gain, AUGM or XAUG?

From their prices on Oct 9, 2026, AUGM can gain about 6.4% before its cap and XAUG about 8.8%, so XAUG has more room left this period.

Which resets first, AUGM or XAUG?

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

Which is cheaper, AUGM or XAUG?

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

Share on X Download as PDF Open live Compare their flows Ask IQ about these two funds

AUGM vs XAUG: Cap, Buffer & Days Left

As of Oct 9, 2026 XAUG can fall 2.2% 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 $26m for FT Vest U.S. Equity Enhance & Moderate Buffer ETF - August.

Both cost 0.85% a year; their one-year returns differ by 2.9 points; AUGM is 2.5 times larger.

	AUGM	XAUG
Expense ratio	0.85%	0.85%
Net assets	$66m	$26m
Total return, 1 year	+5.7%	+8.6%
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

2.2%

XAUG can fall this far before its buffer

6.4%

AUGM can still gain

8.8%

XAUG 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.

XAUGBetween buffer and cap

XAUG: reference +1.7% since period start, fund +1.4%; buffer 0 to −15; cap +11.1%; 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. XAUG 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; XAUG runs to Aug 20, 2027, 315 days. AUGM can still gain 6.4% before its cap, XAUG 8.8%. A fall from here reaches AUGM’s buffer after 1.5% and XAUG’s after 2.2%. 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	XAUG	AUGM	XAUG
3 months	+1.3%	+1.9%	−1.9 pts	−1.2 pts
6 months	+3.8%	+5.5%	−10.8 pts	−9.1 pts
1 year	+5.7%	+8.6%	−10.3 pts	−7.4 pts
3 years	not published	+33.7%	not published	−45.5 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

XAUG

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - August · Absorbs the first 15% of loss on SPY and caps the gain at 11.1%, over a period ending Aug 20, 2027

Issuer First Trust First Trust

Reference index SPY SPY

Buffer 100% 15%

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

Days left 315 315

Starting cap +8.0% +11.1%

Can still gain 6.4% 8.8%

Fall before buffer 1.5% 2.2%

Protection left, index points 100.0% of 100.0% 15.0% of 15.0%

Index return this period +1.7% +1.7%

Fund return this period +0.7% +1.4%

State today Open Open

Expense ratio 0.85% 0.85%

Net assets $66m $26m

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.

XAUG in plain words

From its price on Oct 9, 2026, the fund can gain about 8.8% more before it reaches its cap. The fund's price can fall 2.2% from here before the buffer starts absorbing losses, by the issuer's figure. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, AUGM or XAUG?: From their prices on Oct 9, 2026, AUGM can gain about 6.4% before its cap and XAUG about 8.8%, so XAUG has more room left this period.
Which resets first, AUGM or XAUG?: AUGM ends its outcome period on Aug 20, 2027 and XAUG on Aug 20, 2027. A new cap is set the day after each.
Which is cheaper, AUGM or XAUG?: AUGM and XAUG both charge 0.85% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

AUGM vs DDTS AUGM vs SEPP AUGM vs DLAG AUGM vs PMSE XAUG vs ZSEP XAUG vs GAUG XAUG vs DAUG XAUG vs BSEP

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 →XAUG on its own →How every figure is computed →Standards and sources →

Where these figures came from

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

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 XAUG, data as of Oct 9, 2026. https://etfiq.com/compare/buffer/augm-vs-xaug

Open data

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