Which has more room to gain, AUGP or ZAUG?

From their prices on Oct 13, 2026, AUGP can gain about 11.9% before its cap and ZAUG about 6.8%, so AUGP has more room left this period.

Which resets first, AUGP or ZAUG?

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

Which is cheaper, AUGP or ZAUG?

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

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AUGP vs ZAUG: Cap, Buffer & Days Left

As of Oct 13, 2026 AUGP can fall 3.4% before its buffer engages and ZAUG 1.4%. Net assets: $32m on Oct 13, 2026 for PGIM S&P 500 Buffer 12 ETF - August, and $163m on Oct 12, 2026 for Innovator Equity Defined Protection ETF - 1 Yr August.

AUGP costs 0.29 points a year less; their one-year returns differ by 8.1 points; ZAUG is 5.1 times larger.

Points (pts) are percentage points.

AUGP vs ZAUG: Cap, Buffer & Days Left
	AUGP	ZAUG
Expense ratio	0.50%	0.79%
Net assets, as of Oct 12, 2026	$32m	$163m
Total return, 1 year	+14.4%	+6.3%
What it tracks	SPY	SPY
Holdings in common	not published
Index fall to the buffer	3.9%

3.4%

AUGP can fall this far before its buffer

1.4%

ZAUG can fall this far before its buffer

11.9%

AUGP can still gain

6.8%

ZAUG can still gain

AUGPBetween buffer and cap

AUGP: reference +4.0% since period start, fund +3.0%; buffer 0 to −12; cap +15.7%; Between buffer and cap. Figures to Oct 13, 2026.

ZAUGFull floor

ZAUG: reference +4.1% since period start, fund +1.3%; buffer Floor; cap +8.4%; Full floor. Figures to Oct 13, 2026.

Figures to Oct 13, 2026.

These are two different products. ZAUG 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

AUGP resets first, on Jul 31, 2027, 291 days from now; ZAUG runs to Jul 31, 2027, 291 days. AUGP can still gain 11.9% before its cap, ZAUG 6.8%. A fall from here reaches AUGP’s buffer after 3.4% and ZAUG’s after 1.4%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

Performance, window by window: AUGP vs ZAUG: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	AUGP	ZAUG	AUGP	ZAUG
3 months	+3.6%	+1.5%	−0.3 pts	−2.3 pts
6 months	+9.0%	+3.7%	−4.4 pts	−9.7 pts
1 year	+14.4%	+6.3%	−4.8 pts	−12.8 pts
Since launch Not the same days: AUGP May 2024 · ZAUG Aug 2024	+37.2%	+16.7%	−12.2 pts	−26.6 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Source: ETFIQ. Open this comparison in the app →

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

ZAUG

Innovator Equity Defined Protection ETF - 1 Yr August · Absorbs the whole loss on SPY and caps the gain at 8.4%, over a period ending Jul 31, 2027

Issuer PGIM Innovator

Reference index SPY SPY

Buffer 12% 100%

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

Days left 291 291

Starting cap +15.7% +8.4%

Can still gain 11.9% 6.8%

Fall before buffer 3.4% 1.4%

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

Index return this period +4.0% +4.1%

Fund return this period +3.0% +1.3%

State today Open Open

Expense ratio 0.50% 0.79%

Net assets, AUGP as of Oct 13, 2026 and ZAUG as of Oct 12, 2026 $32m $163m

As of Oct 13, 2026. Source: ETFIQ.

About AUGP

From its price on Oct 13, 2026, the fund can gain about 11.9% 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 3.9% 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. 291 days remained on Oct 13, 2026. On Jul 31, 2027 the period ends and a new cap is set.

About ZAUG

From its price on Oct 13, 2026, the fund can gain about 6.8% more before it reaches its cap. The fund's price can fall 1.4% from here before the buffer starts absorbing losses, by the issuer's figure. Protection left, in index points: 100.0% of the 100.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, AUGP or ZAUG?: From their prices on Oct 13, 2026, AUGP can gain about 11.9% before its cap and ZAUG about 6.8%, so AUGP has more room left this period.
Which resets first, AUGP or ZAUG?: AUGP ends its outcome period on Jul 31, 2027 and ZAUG on Jul 31, 2027. A new cap is set the day after each.
Which is cheaper, AUGP or ZAUG?: AUGP charges 0.50% a year and ZAUG charges 0.79%, so AUGP is cheaper. Fees come from each fund's prospectus.

Other comparisons

AUGP vs AUGW AUGP vs UAUG AUGP vs BAUG AUGP vs DDFG ZAUG vs AUGT ZAUG vs AUGU ZAUG vs CPSA ZAUG vs CPSJ

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

Where these figures came from

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

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 pageCitation, APA and Markdown

ETFIQ, AUGP against ZAUG, data as of Oct 13, 2026. https://etfiq.com/compare/buffer/augp-vs-zaug

Open data

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