Which has more room to gain, AUGP or BAUG?

From their prices on Oct 13, 2026, AUGP can gain about 11.8% before its cap and BAUG about 13.9%, so BAUG has more room left this period.

Which resets first, AUGP or BAUG?

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

Which is cheaper, AUGP or BAUG?

AUGP charges 0.50% a year and BAUG charges 0.79%, so AUGP is cheaper. Fees come from each fund's prospectus.

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AUGP vs BAUG: Cap, Buffer & Days Left

As of Oct 13, 2026 AUGP can fall 3.4% before its buffer engages and BAUG 3.3%. Net assets on Oct 13, 2026: $32m for PGIM S&P 500 Buffer 12 ETF - August and $274m for Innovator U.S. Equity Buffer ETF - Aug.

AUGP costs 0.29 points a year less; their one-year returns differ by 1.5 points; BAUG is 8.5 times larger.

Points (pts) are percentage points.

AUGP vs BAUG: Cap, Buffer & Days Left
	AUGP	BAUG
Expense ratio	0.50%	0.79%
Net assets	$32m	$274m
Total return, 1 year	+13.3%	+14.8%
What it tracks	SPY	SPY
Holdings in common	not published
Index fall to the buffer	4.0%

3.4%

AUGP can fall this far before its buffer

3.3%

BAUG can fall this far before its buffer

11.8%

AUGP can still gain

13.9%

BAUG can still gain

AUGPBetween buffer and cap

AUGP: reference +4.2% since period start, fund +3.0%; buffer 0 to −12; cap +15.7%; Between buffer and cap. Figures to Oct 13, 2026.

BAUGBetween buffer and cap

BAUG: reference +4.2% since period start, fund +3.3%; buffer 0 to −9; cap +17.8%; Between buffer and cap. Figures to Oct 13, 2026.

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

AUGP 58.9

BAUG 20

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

AUGP resets first, on Jul 31, 2027, 291 days from now; BAUG runs to Jul 31, 2027, 291 days. AUGP can still gain 11.8% before its cap, BAUG 13.9%. A fall from here reaches AUGP’s buffer after 3.4% and BAUG’s after 3.3%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

Performance, window by window: AUGP vs BAUG: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	AUGP	BAUG	AUGP	BAUG
3 months	+3.5%	+3.8%	0.0 pts	+0.3 pts
6 months	+8.2%	+9.5%	−3.8 pts	−2.5 pts
1 year	+13.3%	+14.8%	−4.0 pts	−2.5 pts
3 years	not published	+68.4%	not published	−11.9 pts
Since launch Not the same days: AUGP May 2024 · BAUG Aug 2019	+37.2%	+124.2%	−12.1 pts	−39.7 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

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

BAUG

Innovator U.S. Equity Buffer ETF - Aug · Absorbs the first 9% of loss on SPY and caps the gain at 17.8%, over a period ending Jul 31, 2027

Issuer PGIM Innovator

Reference index SPY SPY

Buffer 12% 9%

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

Days left 291 291

Starting cap +15.7% +17.8%

Can still gain 11.8% 13.9%

Fall before buffer 3.4% 3.3%

Protection left, index points 12.0% of 12.0% 9.0% of 9.0%

Index return this period +4.2% +4.2%

Fund return this period +3.0% +3.3%

State today Open Open

Expense ratio 0.50% 0.79%

Net assets $32m $274m

As of Oct 13, 2026. Source: ETFIQ.

About AUGP

From its price on Oct 13, 2026, the fund can gain about 11.8% more before it reaches its cap. The fund's price can fall 3.4% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 4.0% 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. 291 days remained on Oct 13, 2026. On Jul 31, 2027 the period ends and a new cap is set.

About BAUG

From its price on Oct 13, 2026, the fund can gain about 13.9% more before it reaches its cap. The fund's price can fall 3.3% from here before the buffer starts absorbing losses, by the issuer's figure. Protection left, in index points: 9.0% of the 9.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, AUGP or BAUG?: From their prices on Oct 13, 2026, AUGP can gain about 11.8% before its cap and BAUG about 13.9%, so BAUG has more room left this period.
Which resets first, AUGP or BAUG?: AUGP ends its outcome period on Jul 31, 2027 and BAUG on Jul 31, 2027. A new cap is set the day after each.
Which is cheaper, AUGP or BAUG?: AUGP charges 0.50% a year and BAUG charges 0.79%, so AUGP is cheaper. Fees come from each fund's prospectus.

Other comparisons

AUGP vs UAUG AUGP vs GJUL AUGP vs DJUL AUGP vs AUGW BAUG vs XJUL BAUG vs CPSA BAUG vs CPSJ BAUG vs DDFG

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

Where these figures came from

AUGP filings on SEC EDGAR ↗PGIM website ↗BAUG filings on SEC EDGAR ↗Innovator page for BAUG ↗

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, AUGP against BAUG, data as of Oct 13, 2026. https://etfiq.com/compare/buffer/augp-vs-baug

Open data

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