AUGP vs GJUL: Cap, Buffer & Days Left

As of Oct 9, 2026 GJUL can fall 3.9% before its buffer engages and AUGP 3.4%, and GJUL resets 15 days sooner. Net assets on Oct 9, 2026: $32m for PGIM S&P 500 Buffer 12 ETF - August and $415m for FT Vest U.S. Equity Moderate Buffer ETF - July.

AUGP costs 0.35 points a year less; their one-year returns differ by 2.1 points; GJUL is 12.8 times larger.

AUGPGJUL
Expense ratio0.50%0.85%
Net assets$32m$415m
Total return, 1 year+12.8%+10.7%
What it tracksSPYSPY
Holdings in commonnot published
Index fall to the buffer4.0%4.5%
3.4%
AUGP can fall this far before its buffer
3.9%
GJUL can fall this far before its buffer
11.8%
AUGP can still gain
9.5%
GJUL can still gain
AUGPBetween buffer and cap
Between buffer and capAUGP: reference +4.2% since period start, fund +3.0%; buffer 0 to −12; cap +15.7%; Between buffer and cap. Figures to Oct 9, 2026.12 pts of buffer+4.2%+11.5% more to the cap−12.0% floor0% period start+15.7% capTODAY · SPY +4.2%Between buffer and capAUGP: reference +4.2% since period start, fund +3.0%; buffer 0 to −12; cap +15.7%; Between buffer and cap. Figures to Oct 9, 2026.12 pts−12.0% floor0% start+15.7% cap+4.2% gain captured+11.5% more to the capTODAY · SPY +4.2%

AUGP: reference +4.2% since period start, fund +3.0%; buffer 0 to −12; cap +15.7%; Between buffer and cap. Figures to Oct 9, 2026.

AUGP: reference +4.2% since period start, fund +3.0%; buffer 0 to −12; cap +15.7%; Between buffer and cap. Figures to Oct 9, 2026.

GJULBetween buffer and cap
Between buffer and capGJUL: reference +4.8% since period start, fund +3.1%; buffer 0 to −15; cap +13.8%; Between buffer and cap. Figures to Oct 9, 2026.15 pts of buffer+4.8% gained+9.1% more to the cap−15.0% floor0% period start+13.8% capTODAY · SPY +4.8%Between buffer and capGJUL: reference +4.8% since period start, fund +3.1%; buffer 0 to −15; cap +13.8%; Between buffer and cap. Figures to Oct 9, 2026.15 pts−15.0% floor0% start+13.8% cap+4.8% gain captured+9.1% more to the capTODAY · SPY +4.8%

GJUL: reference +4.8% since period start, fund +3.1%; buffer 0 to −15; cap +13.8%; Between buffer and cap. Figures to Oct 9, 2026.

GJUL: reference +4.8% since period start, fund +3.1%; buffer 0 to −15; cap +13.8%; Between buffer and cap. Figures to Oct 9, 2026.

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

GJUL resets first, on Jul 16, 2027, 280 days from now; AUGP runs to Jul 31, 2027, 295 days. AUGP can still gain 11.8% before its cap, GJUL 9.5%. A fall from here reaches AUGP’s buffer after 3.4% and GJUL’s after 3.9%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

Total returnGap to the reference's price return
WindowAUGPGJULAUGPGJUL
3 months+3.6%+3.2%+0.5 pts0.0 pts
6 months+9.6%+7.7%−5.0 pts−6.9 pts
1 year+12.8%+10.7%−3.2 pts−5.3 pts
3 yearsnot published+48.8%not published−30.4 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

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
GJUL
FT Vest U.S. Equity Moderate Buffer ETF - July · Absorbs the first 15% of loss on SPY and caps the gain at 13.8%, over a period ending Jul 16, 2027
Reference index SPY SPY
Buffer 12% 15%
Outcome period Aug 1, 2026 to Jul 31, 2027 Jul 20, 2026 to Jul 16, 2027
Days left 295 280
Starting cap +15.7% +13.8%
Can still gain 11.8% 9.5%
Fall before buffer 3.4% 3.9%
Protection left, index points 12.0% of 12.0% 15.0% of 15.0%
Index return this period +4.2% +4.8%
Fund return this period +3.0% +3.1%
State today Open Open
Expense ratio 0.50% 0.85%
Net assets $32m $415m

As of Oct 9, 2026. Source: ETFIQ.

AUGP in plain words

From its price on Oct 9, 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. 295 days remained on Oct 9, 2026. On Jul 31, 2027 the period ends and a new cap is set.

GJUL in plain words

From its price on Oct 9, 2026, the fund can gain about 9.5% more before it reaches its cap. The fund's price can fall 3.9% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 4.5% from today's level to the point where the buffer begins. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level. 280 days remained on Oct 9, 2026. On Jul 16, 2027 the period ends and a new cap is set.

Questions people ask

Which has more room to gain, AUGP or GJUL?
From their prices on Oct 9, 2026, AUGP can gain about 11.8% before its cap and GJUL about 9.5%, so AUGP has more room left this period.
Which resets first, AUGP or GJUL?
AUGP ends its outcome period on Jul 31, 2027 and GJUL on Jul 16, 2027. A new cap is set the day after each.
Which is cheaper, AUGP or GJUL?
AUGP charges 0.50% a year and GJUL charges 0.85%, so AUGP is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from

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 page

ETFIQ, AUGP against GJUL, data as of Oct 9, 2026. https://etfiq.com/compare/buffer/augp-vs-gjul

Open data

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