Which has more room to gain, AUGP or XJUL?

From their prices on Oct 9, 2026, AUGP can gain about 11.8% before its cap and XJUL about 7.3%, so AUGP has more room left this period.

Which resets first, AUGP or XJUL?

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

Which is cheaper, AUGP or XJUL?

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

Share on X Download as PDF Open live Compare their flows Ask IQ about these two funds

AUGP vs XJUL: Cap, Buffer & Days Left

As of Oct 9, 2026 XJUL can fall 3.8% before its buffer engages and AUGP 3.4%, and XJUL resets 15 days sooner. Net assets on Oct 9, 2026: $32m for PGIM S&P 500 Buffer 12 ETF - August and $42m for FT Vest U.S. Equity Enhance & Moderate Buffer ETF - July.

AUGP costs 0.35 points a year less; their one-year returns differ by 3.5 points; XJUL is 1.3 times larger.

	AUGP	XJUL
Expense ratio	0.50%	0.85%
Net assets	$32m	$42m
Total return, 1 year	+12.8%	+9.3%
What it tracks	SPY	SPY
Holdings in common	not published
Index fall to the buffer	4.0%	4.5%

3.4%

AUGP can fall this far before its buffer

3.8%

XJUL can fall this far before its buffer

11.8%

AUGP can still gain

7.3%

XJUL can still gain

AUGPBetween buffer and cap

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.

XJULBetween buffer and cap

XJUL: reference +4.8% since period start, fund +3.0%; buffer 0 to −15; cap +11.4%; Between buffer and cap. Figures to Oct 9, 2026.

These are two different products. XJUL 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

XJUL 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, XJUL 7.3%. A fall from here reaches AUGP’s buffer after 3.4% and XJUL’s after 3.8%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

	Total return		Gap to the reference's price return
Window	AUGP	XJUL	AUGP	XJUL
3 months	+3.6%	+3.1%	+0.5 pts	−0.1 pts
6 months	+9.6%	+6.0%	−5.0 pts	−8.6 pts
1 year	+12.8%	+9.3%	−3.2 pts	−6.7 pts
3 years	not published	+38.0%	not published	−41.2 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

XJUL

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - July · Absorbs the first 15% of loss on SPY and caps the gain at 11.4%, over a period ending Jul 16, 2027

Issuer PGIM First Trust

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% +11.4%

Can still gain 11.8% 7.3%

Fall before buffer 3.4% 3.8%

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% +3.0%

State today Open Open

Expense ratio 0.50% 0.85%

Net assets $32m $42m

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.

XJUL in plain words

From its price on Oct 9, 2026, the fund can gain about 7.3% more before it reaches its cap. The fund's price can fall 3.8% 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 XJUL?: From their prices on Oct 9, 2026, AUGP can gain about 11.8% before its cap and XJUL about 7.3%, so AUGP has more room left this period.
Which resets first, AUGP or XJUL?: AUGP ends its outcome period on Jul 31, 2027 and XJUL on Jul 16, 2027. A new cap is set the day after each.
Which is cheaper, AUGP or XJUL?: AUGP charges 0.50% a year and XJUL charges 0.85%, so AUGP is cheaper. Fees come from each fund's prospectus.

Other comparisons

AUGP vs CPSA AUGP vs UAUG AUGP vs PMAU AUGP vs FJUL XJUL vs AUGU XJUL vs CPSA XJUL vs CPSJ XJUL vs DDFG

SPDR S&P 500 ETF Trust →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →AUGP on its own →XJUL on its own →How every figure is computed →Standards and sources →

Where these figures came from

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

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

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 XJUL, data as of Oct 9, 2026. https://etfiq.com/compare/buffer/augp-vs-xjul

Open data

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