Which has more room to gain, AUGP or JULM?

From their prices on Oct 2, 2026, AUGP can gain about 12.7% before its cap and JULM about 5.4%, so AUGP has more room left this period.

Which resets first, AUGP or JULM?

AUGP ends its outcome period on Jul 31, 2027 and JULM on Jul 16, 2027. A new cap is set the day after each.

Which is cheaper, AUGP or JULM?

AUGP charges 0.50% a year and JULM charges 0.85%, so AUGP is cheaper. Fees come from each fund's prospectus.

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AUGP vs JULM: which one stands where?

As of Oct 2, 2026 AUGP can fall 2.7% before its buffer engages and JULM 1.8%, and JULM resets 15 days sooner. PGIM S&P 500 Buffer 12 ETF - August and FT Vest U.S. Equity Max Buffer ETF - July.

AUGP costs 0.35 points a year less; their one-year returns differ by 6.5 points; JULM is 1.1 times larger.

	AUGP	JULM
Expense ratio	0.50%	0.85%
Net assets	$32m	$36m
Total return, 1 year	+11.9%	+5.4%
What it tracks	SPY	SPY
Holdings in common	not published

2.7%

AUGP can fall this far before its buffer

1.8%

JULM can fall this far before its buffer

12.7%

AUGP can still gain

5.4%

JULM 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.

JULMFull floor

JULM: reference +3.5% since period start, fund +1.0%; buffer Floor; cap +7.3%; Full floor.

These are two different products. JULM is a floor fund, which caps how far a holder can fall. AUGP is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.

Where each one stands today

JULM resets first, on Jul 16, 2027, 287 days from now; AUGP runs to Jul 31, 2027, 302 days. AUGP can still gain 12.7% before its cap, JULM 5.4%. A fall from here reaches AUGP’s buffer after 2.7% and JULM’s after 1.8%. 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	JULM	AUGP	JULM
3 months	+3.1%	+1.1%	−0.5 pts	−2.5 pts
6 months	+11.1%	+4.2%	−6.8 pts	−13.8 pts
1 year	+11.9%	+5.4%	−4.3 pts	−10.8 pts

AUGP and JULM 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

JULM

FT Vest U.S. Equity Max Buffer ETF - July · Absorbs the whole loss on SPY and caps the gain at 7.3%, over a period ending Jul 16, 2027

Issuer PGIM First Trust

Reference index SPY SPY

Buffer 12% 100%

Outcome period Aug 1, 2026 to Jul 31, 2027 Jul 20, 2026 to Jul 16, 2027

Days left 302 287

Starting cap +15.7% +7.3%

Can still gain 12.7% 5.4%

Fall before buffer 2.7% 1.8%

Protection left, index points 12.0% of 12.0% 100.0% of 100.0%

Index return this period +3.0% +3.5%

Fund return this period +2.3% +1.0%

State today Open Open

Expense ratio 0.50% 0.85%

Net assets $32m $36m

AUGP and JULM 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.

JULM in plain words

From its price on Oct 2, 2026, the fund can gain about 5.4% more before it reaches its cap. The fund's price can fall 1.8% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 3.4% 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. 287 days remained on Oct 2, 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 JULM?: From their prices on Oct 2, 2026, AUGP can gain about 12.7% before its cap and JULM about 5.4%, so AUGP has more room left this period.
Which resets first, AUGP or JULM?: AUGP ends its outcome period on Jul 31, 2027 and JULM on Jul 16, 2027. A new cap is set the day after each.
Which is cheaper, AUGP or JULM?: AUGP charges 0.50% a year and JULM charges 0.85%, so AUGP is cheaper. Fees come from each fund's prospectus.

Other comparisons

AUGP vs HAUG AUGP vs AUGT AUGP vs AUGU AUGP vs AUGW JULM vs FJUL JULM vs PAUG JULM vs PBAU JULM vs PMAU

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

Where these figures came from

AUGP filings on SEC EDGAR ↗PGIM website ↗JULM filings on SEC EDGAR ↗First Trust page for JULM ↗

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 JULM, data as of Oct 2, 2026. https://etfiq.com/compare/buffer/augp-vs-julm

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.