Which has more room to gain, AUGP or AUGT?

From their prices on Nov 4, 2026, AUGP can gain about 12.5% before its cap and AUGT about 13.6%, so AUGT has more room left this period.

Which resets first, AUGP or AUGT?

AUGP ends its outcome period on Jul 31, 2027 and AUGT on Jul 31, 2027. A new cap is set the day after each.

Which is cheaper, AUGP or AUGT?

AUGP charges 0.50% a year and AUGT charges 0.74%, so AUGP is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Buffer ETFs

AUGP vs AUGT: Cap, Buffer & Days Left

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As of Nov 4, 2026 AUGT can fall 3.1% before its buffer engages and AUGP 2.8%.

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Net assets: $38m on Nov 4, 2026 for PGIM S&P 500 Buffer 12 ETF - August, and $35m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer10 ETF - Aug.

AUGP on its own →AUGT on its own →

At a glance

2.8%

AUGP can fall this far before its buffer

3.1%

AUGT can fall this far before its buffer

12.5%

AUGP can still gain

13.6%

AUGT can still gain

AUGP Between buffer and cap

AUGP: reference +2.6% since period start, fund +2.4%; buffer 0 to −12; cap +15.7%; Between buffer and cap. Data to Nov 4, 2026.

AUGT Between buffer and cap

AUGT: reference +2.6% since period start, fund +2.4%; buffer 0 to −10; cap +17.1%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

AUGP costs 0.24 points a year less; their one-year returns differ by 0.7 points; AUGP is 1.1 times larger.

Points (pts) are percentage points.

AUGP vs AUGT: Cap, Buffer & Days Left
Measure	AUGP	AUGT
Return
Measure	AUGP	AUGT
Total return, 1 year	+11.8%	+12.5%
Drawdown
Measure	AUGP	AUGT
Index fall to the buffer	2.6%
Benchmark
Measure	AUGP	AUGT
What it tracks	SPY	SPY
Cost and size
Measure	AUGP	AUGT
Expense ratio	0.50%	0.74%
Net assets, as of Nov 3, 2026	$38m	$35m
Holdings
Measure	AUGP	AUGT
Holdings in common	not published

ETFIQ Downside Cover Score · AUGP scores higher If the market falls into a bear market from here, how much does the buffer absorb?

IQ Buffer Score57.5AUGP38.7AUGT

How much of a bear-market fall the buffer would absorb from today's level, ranked against 292 buffer ETFs on stocks with a live outcome period. 100 is best. How it is computed

AUGP 57.5

AUGT 38.7

0.3, the lowest in this set 99.7, the highest

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 →

Method

Window by window

Window by window: AUGP vs AUGT: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	AUGP	AUGT	AUGP	AUGT
3 months	+0.7%	+0.5%	+1.1 pts	+0.9 pts
6 months	+5.2%	+5.6%	+0.8 pts	+1.1 pts
1 year	+11.8%	+12.5%	−1.7 pts	−1.0 pts
3 years	–	+62.8%	–	−13.6 pts
Since launchNot the same days: AUGP May 2024 · AUGT Aug 2023	+36.4%	+57.8%	−10.8 pts	−10.2 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. – means no data for this window. Open this comparison in the app →

Side by side

AUGP PGIM S&P 500 Buffer 12 ETF - August · Absorbs the first 12% of loss on SPY and caps the gain at 15.7%, over a period ending Jul 31, 2027 AUGT AllianzIM U.S. Equity Buffer10 ETF - Aug · Absorbs the first 10% of loss on SPY and caps the gain at 17.1%, over a period ending Jul 31, 2027

Issuer PGIM AllianzIM

Reference index SPY SPY

Buffer 12% 10%

Outcome period Aug 1, 2026 to Jul 31, 2027 Aug 1, 2026 to Jul 31, 2027

Days left 269 269

Starting cap +15.7% +17.1%

Can still gain 12.5% 13.6%

Fall before buffer 2.8% 3.1%

Protection left, index points 12.0% of 12.0% 10.0% of 10.0%

Index return this period +2.6% +2.6%

Fund return this period +2.4% +2.4%

State today Open Open

Expense ratio 0.50% 0.74%

Net assets, AUGP as of Nov 4, 2026 and AUGT as of Nov 3, 2026 $38m $35m

As of Nov 4, 2026. Source: ETFIQ.

Where each one stands today

AUGP resets first, on Jul 31, 2027, 269 days from now; AUGT runs to Jul 31, 2027, 269 days. AUGP can still gain 12.5% before its cap, AUGT 13.6%. A fall from here reaches AUGP’s buffer after 2.8% and AUGT’s after 3.1%. Both track SPY, so what separates them is where each is in its own period.

Alert

About each fund

AUGP

From its price on Nov 4, 2026, the fund can gain about 12.5% 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 number. In index terms, SPY can fall 2.6% from today's level to the point where the buffer begins. Protection left, in index points: 12.0% of the 12.0% buffer still sits below today's SPY level. 269 days remained on Nov 4, 2026. On Jul 31, 2027 the period ends and a new cap is set.

AUGT

From its price on Nov 4, 2026, the fund can gain about 13.6% more before it reaches its cap. The fund's price can fall 3.1% from here before the buffer starts absorbing losses, by the issuer's number. 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, AUGP or AUGT?: From their prices on Nov 4, 2026, AUGP can gain about 12.5% before its cap and AUGT about 13.6%, so AUGT has more room left this period.
Which resets first, AUGP or AUGT?: AUGP ends its outcome period on Jul 31, 2027 and AUGT on Jul 31, 2027. A new cap is set the day after each.
Which is cheaper, AUGP or AUGT?: AUGP charges 0.50% a year and AUGT charges 0.74%, so AUGP is cheaper. Fees come from each fund's prospectus.

Other comparisons

AUGP vs CPSA AUGP vs CPSJ AUGP vs AUGW AUGP vs BAUG AUGT vs CPSA AUGT vs CPSJ AUGT vs JULM AUGT vs AUGU

Where to next

SPDR S&P 500 ETF Trust →AUGP on its own →AUGT on its own →Method →Standards and sources →

Sources and dates

AUGP filings on SEC EDGAR ↗

PGIM website ↗

AUGT filings on SEC EDGAR ↗

AllianzIM page for AUGT ↗

Links are sources, not endorsements. 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 number 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 number is an ETFIQ calculation with distributions reinvested.

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ETFIQ, AUGP against AUGT, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/augp-vs-augt

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