Which has more room to gain, AUGP or UAUG?

From their prices on Nov 4, 2026, AUGP can gain about 12.5% before its cap and UAUG about 11.5%, so AUGP has more room left this period.

Which resets first, AUGP or UAUG?

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

Which is cheaper, AUGP or UAUG?

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

Data as of Nov 4, 2026.

Buffer ETFs

AUGP vs UAUG: Cap, Buffer & Days Left

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As of Nov 4, 2026 UAUG can fall 7.1% before its buffer engages and AUGP 2.8%.

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Net assets on Nov 4, 2026: $38m for PGIM S&P 500 Buffer 12 ETF - August and $247m for Innovator U.S. Equity Ultra Buffer ETF - Aug.

AUGP on its own →UAUG on its own →

At a glance

2.8%

AUGP can fall this far before its buffer

7.1%

UAUG can fall this far before its buffer

12.5%

AUGP can still gain

11.5%

UAUG can still gain

AUGP Between buffer and cap

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.

UAUG Between buffer and cap

UAUG: reference +2.6% since period start, fund +2.0%; buffer −5 to −35; cap +14.0%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

AUGP costs 0.29 points a year less; their one-year returns differ by 2.1 points; UAUG is 6.5 times larger.

Points (pts) are percentage points.

AUGP vs UAUG: Cap, Buffer & Days Left
Measure	AUGP	UAUG
Return
Measure	AUGP	UAUG
Total return, 1 year	+11.8%	+9.7%
Drawdown
Measure	AUGP	UAUG
Index fall to the buffer	2.6%	7.4%
Benchmark
Measure	AUGP	UAUG
What it tracks	SPY	SPY
Cost and size
Measure	AUGP	UAUG
Expense ratio	0.50%	0.79%
Net assets	$38m	$247m
Holdings
Measure	AUGP	UAUG
Holdings in common	not published

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

IQ Buffer Score57.5AUGP66.6UAUG

How much of a bear-market fall the buffer would absorb from today's level, ranked against 292 buffer ETFs on stocks with a live outcome period. 100 is best. How it is computed

AUGP 57.5

UAUG 66.6

0.3, the lowest in this set 99.7, the highest

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 →

Method

Window by window

Window by window: AUGP vs UAUG: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	AUGP	UAUG	AUGP	UAUG
3 months	+0.7%	+0.7%	+1.1 pts	+1.1 pts
6 months	+5.2%	+4.4%	+0.8 pts	−0.1 pts
1 year	+11.8%	+9.7%	−1.7 pts	−3.9 pts
3 years	–	+49.6%	–	−26.8 pts
Since launchNot the same days: AUGP May 2024 · UAUG Aug 2019	+36.4%	+74.2%	−10.8 pts	−85.9 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. – means no data for this window. Open this comparison in the app →

Side by side

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 UAUG Innovator U.S. Equity Ultra Buffer ETF - Aug · Absorbs losses from 5.0% to 35.0% on SPY and caps the gain at 14.0%, over a period ending Jul 31, 2027

Issuer PGIM Innovator

Reference index SPY SPY

Buffer 12% 5% to 35%

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

Days left 269 269

Starting cap +15.7% +14.0%

Can still gain 12.5% 11.5%

Fall before buffer 2.8% 7.1%

Protection left, index points 12.0% of 12.0% 30.0% of 30.0%

Index return this period +2.6% +2.6%

Fund return this period +2.4% +2.0%

State today Open Open

Expense ratio 0.50% 0.79%

Net assets $38m $247m

As of Nov 4, 2026. Source: ETFIQ.

Where each one stands today

AUGP resets first, on Jul 31, 2027, 269 days from now; UAUG runs to Jul 31, 2027, 269 days. AUGP can still gain 12.5% before its cap, UAUG 11.5%. A fall from here reaches AUGP’s buffer after 2.8% and UAUG’s after 7.1%. Both track SPY, so what separates them is where each is in its own period.

Alert

About each fund

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.

UAUG

From its price on Nov 4, 2026, the fund can gain about 11.5% more before it reaches its cap. The fund's price can fall 7.1% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 7.4% from today's level to the point where the buffer begins. Protection left, in index points: 30.0% of the 30.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, AUGP or UAUG?: From their prices on Nov 4, 2026, AUGP can gain about 12.5% before its cap and UAUG about 11.5%, so AUGP has more room left this period.
Which resets first, AUGP or UAUG?: AUGP ends its outcome period on Jul 31, 2027 and UAUG on Jul 31, 2027. A new cap is set the day after each.
Which is cheaper, AUGP or UAUG?: AUGP charges 0.50% a year and UAUG charges 0.79%, so AUGP is cheaper. Fees come from each fund's prospectus.

Other comparisons

AUGP vs BAUG AUGP vs ZAUG AUGP vs GJUL AUGP vs AUGW UAUG vs CPSJ UAUG vs ZAUG UAUG vs AUGU UAUG vs AUGT

Where to next

SPDR S&P 500 ETF Trust →AUGP on its own →UAUG on its own →Method →Standards and sources →

Sources and dates

AUGP filings on SEC EDGAR ↗

PGIM website ↗

UAUG filings on SEC EDGAR ↗

Innovator page for UAUG ↗

Links are sources, not endorsements. 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 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 UAUG, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/augp-vs-uaug

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