Which has more room to gain, AUGP or AUGW?

From their prices on Oct 2, 2026, AUGP can gain about 12.7% before its cap and AUGW about 9.4%, so AUGP has more room left this period.

Which resets first, AUGP or AUGW?

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

Which is cheaper, AUGP or AUGW?

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

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AUGP vs AUGW: which one stands where?

As of Oct 2, 2026 AUGP can fall 2.7% before its buffer engages and AUGW 2.5%, and AUGW resets 1 days sooner. PGIM S&P 500 Buffer 12 ETF - August and AllianzIM U.S. Equity Buffer20 ETF - Aug.

AUGP costs 0.24 points a year less; their one-year returns differ by 3.0 points; AUGW is 4.0 times larger.

	AUGP	AUGW
Expense ratio	0.50%	0.74%
Net assets	$32m	$127m
Total return, 1 year	+11.9%	+8.9%
What it tracks	SPY	SPY
Holdings in common	not published

2.7%

AUGP can fall this far before its buffer

2.5%

AUGW can fall this far before its buffer

12.7%

AUGP can still gain

9.4%

AUGW can still gain

AUGPBetween buffer and cap

AUGP: reference +3.0% since period start, fund +2.3%; buffer 0 to −12; cap +15.7%; Between buffer and cap.

AUGWBetween buffer and cap

AUGW: reference +3.0% since period start, fund +1.8%; buffer 0 to −20; cap +12.1%; Between buffer and cap.

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

AUGP 56.6

AUGW 96.4

0.2, the lowest in this set99.8, the highest

A percentile among the 294 buffer ETFs with a live outcome period. It is a position in a set, not a rating, and neither end of it is a recommendation. All buffer ETFs ranked by it → How it is computed →

Where each one stands today

AUGW resets first, on Jul 31, 2027, 301 days from now; AUGP runs to Jul 31, 2027, 302 days. AUGP can still gain 12.7% before its cap, AUGW 9.4%. A fall from here reaches AUGP’s buffer after 2.7% and AUGW’s after 2.5%. Both track SPY, so what separates them is where each is in its own period.

Every figure is ETFIQ’s own, from the issuer’s published outcome-period terms. A buffer ETF holds FLEX options on its reference index rather than shares, so there is no holdings overlap between two of them to report.

Performance, window by window

	Total return		Gap to the reference
Window	AUGP	AUGW	AUGP	AUGW
3 months	+3.1%	+2.3%	−0.5 pts	−1.3 pts
6 months	+11.1%	+7.8%	−6.8 pts	−10.1 pts
1 year	+11.9%	+8.9%	−4.3 pts	−7.3 pts
3 years	not published	+44.7%	not published	−44.6 pts

AUGP and AUGW over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

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

AUGW

AllianzIM U.S. Equity Buffer20 ETF - Aug · Absorbs the first 20% of loss on SPY and caps the gain at 12.1%, over a period ending Jul 31, 2027

Issuer PGIM AllianzIM

Reference index SPY SPY

Buffer 12% 20%

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

Days left 302 301

Starting cap +15.7% +12.1%

Can still gain 12.7% 9.4%

Fall before buffer 2.7% 2.5%

Protection left, index points 12.0% of 12.0% 20.0% of 20.0%

Index return this period +3.0% +3.0%

Fund return this period +2.3% +1.8%

State today Open Open

Expense ratio 0.50% 0.74%

Net assets $32m $127m

AUGP and AUGW on the same fields, as of Oct 2, 2026. Source: ETFIQ.

AUGP in plain words

From its price on Oct 2, 2026, the fund can gain about 12.7% more before it reaches its cap. The fund's price can fall 2.7% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 2.9% 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. 302 days remained on Oct 2, 2026. On Jul 31, 2027 the period ends and a new cap is set.

AUGW in plain words

From its price on Oct 2, 2026, the fund can gain about 9.4% more before it reaches its cap. The fund's price can fall 2.5% from here before the buffer starts absorbing losses, by the issuer's figure. Protection left, in index points: 20.0% of the 20.0% buffer still sits below today's SPY level. 301 days remained on Oct 2, 2026.

Questions people ask

Which has more room to gain, AUGP or AUGW?: From their prices on Oct 2, 2026, AUGP can gain about 12.7% before its cap and AUGW about 9.4%, so AUGP has more room left this period.
Which resets first, AUGP or AUGW?: AUGP ends its outcome period on Jul 31, 2027 and AUGW on Jul 31, 2027. A new cap is set the day after each.
Which is cheaper, AUGP or AUGW?: AUGP charges 0.50% a year and AUGW charges 0.74%, so AUGP is cheaper. Fees come from each fund's prospectus.

Other comparisons

AUGP vs PBAU AUGP vs PMAU AUGP vs UAUG AUGP vs XJUL AUGW vs BAUG AUGW vs CAUG AUGW vs CPSA AUGW vs CPSJ

SPDR S&P 500 ETF Trust →AUGP on its own →AUGW on its own →How every figure is computed →Standards and sources →

Where these figures came from

AUGP filings on SEC EDGAR ↗PGIM website ↗AUGW filings on SEC EDGAR ↗AllianzIM page for AUGW ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, AUGP against AUGW, data as of Oct 2, 2026. https://etfiq.com/compare/buffer/augp-vs-augw

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.