Which has more room to gain, AUGP or UAUG?

From their prices on Oct 2, 2026, AUGP can gain about 12.7% before its cap and UAUG about 11.8%, 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.

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AUGP vs UAUG: which one stands where?

As of Oct 2, 2026 UAUG can fall 6.9% before its buffer engages and AUGP 2.7%. PGIM S&P 500 Buffer 12 ETF - August and Innovator U.S. Equity Ultra Buffer ETF - Aug.

AUGP costs 0.29 points a year less; their one-year returns differ by 2.2 points; UAUG is 7.7 times larger.

	AUGP	UAUG
Expense ratio	0.50%	0.79%
Net assets	$32m	$246m
Total return, 1 year	+11.9%	+9.7%
What it tracks	SPY	SPY
Holdings in common	not published

2.7%

AUGP can fall this far before its buffer

6.9%

UAUG can fall this far before its buffer

12.7%

AUGP can still gain

11.8%

UAUG 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.

UAUGBetween buffer and cap

UAUG: reference +3.0% since period start, fund +1.9%; buffer −5 to −35; cap +14.0%; Between buffer and cap.

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

AUGP 56.6

UAUG 64.5

0.2, the lowest in this set99.8, the highest

A percentile among the 294 buffer ETFs with a live outcome period. It is a position in a set, not a rating, and neither end of it is a recommendation. All buffer ETFs ranked by it → How it is computed →

Where each one stands today

AUGP resets first, on Jul 31, 2027, 302 days from now; UAUG runs to Jul 31, 2027, 302 days. AUGP can still gain 12.7% before its cap, UAUG 11.8%. A fall from here reaches AUGP’s buffer after 2.7% and UAUG’s after 6.9%. 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	UAUG	AUGP	UAUG
3 months	+3.1%	+2.5%	−0.5 pts	−1.1 pts
6 months	+11.1%	+9.2%	−6.8 pts	−8.8 pts
1 year	+11.9%	+9.7%	−4.3 pts	−6.6 pts
3 years	not published	+51.6%	not published	−37.7 pts

AUGP and UAUG 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

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 302 302

Starting cap +15.7% +14.0%

Can still gain 12.7% 11.8%

Fall before buffer 2.7% 6.9%

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

Index return this period +3.0% +3.0%

Fund return this period +2.3% +1.9%

State today Open Open

Expense ratio 0.50% 0.79%

Net assets $32m $246m

AUGP and UAUG 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.

UAUG in plain words

From its price on Oct 2, 2026, the fund can gain about 11.8% more before it reaches its cap. The fund's price can fall 6.9% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 7.8% 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 Oct 2, 2026, AUGP can gain about 12.7% before its cap and UAUG about 11.8%, 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 DJUL AUGP vs FJUL AUGP vs GJUL AUGP vs HAUG UAUG vs DJUL UAUG vs FJUL UAUG vs PAUG UAUG vs XJUL

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

Where these figures came from

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

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

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.