Data as of Nov 4, 2026.
AUGP vs JULM: Cap, Buffer & Days Left
As of Nov 4, 2026 AUGP can fall 2.8% before its buffer engages and JULM 2.2%, and JULM resets 15 days sooner.
askIQ about this page
askIQ about AUGP and JULM
Net assets: $38m on Nov 4, 2026 for PGIM S&P 500 Buffer 12 ETF - August, and $36m on Nov 3, 2026 for FT Vest U.S. Equity Max Buffer ETF - July.
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.
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.JULM: reference +3.1% since period start, fund +1.4%; buffer Floor; cap +7.3%; Full floor. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
AUGP costs 0.35 points a year less; their one-year returns differ by 6.3 points; AUGP is 1.1 times larger.
Points (pts) are percentage points.
| Measure | AUGP | JULM |
|---|---|---|
| Return | ||
| Total return, 1 year | +11.8% | +5.5% |
| Drawdown | ||
| Index fall to the buffer | 2.6% | 3.1% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.50% | 0.85% |
| Net assets, as of Nov 3, 2026 | $38m | $36m |
| Holdings | ||
| Holdings in common | not published | |
Risk and return
Aug 2, 2024 to Oct 30, 2026 · 117 weekly returns · each against SPYFrom Aug 2024 to Oct 2026, AUGP returned more: +34.1% to +15.4%. JULM swung less: 3.5% to 9.1%. JULM fell less at its worst: −4.2% to −10.6%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | AUGP | JULM | SPY | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +34.1% | +15.4% | AUGP | Price change plus distributions, reinvested. | |
| Annualized | +13.9% | +6.6% | AUGP | Total return as a yearly rate. | |
| Price return | +34.1% | +15.4% | AUGP | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 9.1% | 3.5% | JULM | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 6.0% | 2.3% | JULM | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −10.6% | −4.2% | JULM | Deepest fall from a high to the low after it. | |
| Upside capture | 50.0% | 16.1% | 100.0% | AUGP | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 60.3% | 20.3% | 100.0% | JULM | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.59 | 0.22 | 1.00 | JULM lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.93 | 0.85 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 1.02 | 0.65 | AUGP | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.57 | 0.99 | AUGP | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.159 | 0.106 | 0.137 | AUGP | Return above Treasury bills per unit of beta. |
| Calmar | 1.31 | 1.55 | JULM | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | SPY | SPY | SPY | The ETF each fund is measured against. | |
| Alpha | +1.3% a year | −0.7% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.80 | −0.74 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −1.9% to +4.5% | −2.5% to +1.1% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −0.66 | −0.96 | AUGP | Return against its benchmark per unit of tracking error. | |
| Tracking error | 6.6% | 11.8% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 117 weekly returns. Cash rate: the 13-week Treasury bill.
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | AUGP | JULM | AUGP | JULM |
| 3 months | +0.7% | +0.6% | +1.1 pts | +1.0 pts |
| 6 months | +5.2% | +2.4% | +0.8 pts | −2.1 pts |
| 1 year | +11.8% | +5.5% | −1.7 pts | −8.1 pts |
| Since launchNot the same days: AUGP May 2024 · JULM Jul 2024 | +36.4% | +15.8% | −10.8 pts | −26.7 pts |
Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Open this comparison in the app →
Side by side
As of Nov 4, 2026. Source: ETFIQ.
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, 254 days from now; AUGP runs to Jul 31, 2027, 269 days. AUGP can still gain 12.5% before its cap, JULM 5.1%. A fall from here reaches AUGP’s buffer after 2.8% and JULM’s after 2.2%. Both track SPY, so what separates them is where each is in its own period.
Client brief:
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
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.
JULM
From its price on Nov 4, 2026, the fund can gain about 5.1% more before it reaches its cap. The fund's price can fall 2.2% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 3.1% 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. 254 days remained on Nov 4, 2026. On Jul 16, 2027 the period ends and a new cap is set.
Questions people ask
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
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.
Cite this pageCitation, APA and Markdown
ETFIQ, AUGP against JULM, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/augp-vs-julm
ETFIQ. (Nov 4, 2026). AUGP against JULM. Retrieved from https://etfiq.com/compare/buffer/augp-vs-julm
[AUGP against JULM (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/augp-vs-julm)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.