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Data as of Nov 4, 2026.

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Buffer ETFs

AUGT vs AUGW: Cap, Buffer & Days Left

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As of Nov 4, 2026 AUGT can fall 3.1% before its buffer engages and AUGW 2.7%.

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Net assets on Nov 3, 2026: $35m for AllianzIM U.S. Equity Buffer10 ETF - Aug and $127m for AllianzIM U.S. Equity Buffer20 ETF - Aug.

AUGT on its own →AUGW on its own →
At a glance
3.1%
AUGT can fall this far before its buffer
2.7%
AUGW can fall this far before its buffer
13.6%
AUGT can still gain
9.1%
AUGW can still gain
AUGT Between buffer and cap
Between buffer and capAUGT: reference +2.6% since period start, fund +2.4%; buffer 0 to −10; cap +17.1%; Between buffer and cap. Data to Nov 4, 2026.10 pts of buffer+14.5% more to the cap−10.0% floor0% period start+17.1% cap+2.6% gain capturedTODAY · SPY +2.6%Between buffer and capAUGT: reference +2.6% since period start, fund +2.4%; buffer 0 to −10; cap +17.1%; Between buffer and cap. Data to Nov 4, 2026.10 pts−10.0% floor0% start+17.1% cap+2.6% gain captured+14.5% more to the capTODAY · SPY +2.6%

AUGT: reference +2.6% since period start, fund +2.4%; buffer 0 to −10; cap +17.1%; Between buffer and cap. Data to Nov 4, 2026.

AUGT: reference +2.6% since period start, fund +2.4%; buffer 0 to −10; cap +17.1%; Between buffer and cap. Data to Nov 4, 2026.
AUGW Between buffer and cap
Between buffer and capAUGW: reference +2.6% since period start, fund +2.0%; buffer 0 to −20; cap +12.1%; Between buffer and cap. Data to Nov 4, 2026.20 pts of buffer+9.5% more to the cap−20.0% floor0% period start+12.1% cap+2.6% gain capturedTODAY · SPY +2.6%Between buffer and capAUGW: reference +2.6% since period start, fund +2.0%; buffer 0 to −20; cap +12.1%; Between buffer and cap. Data to Nov 4, 2026.20 pts of buffer−20.0% floor0% start+12.1% cap+2.6% gain captured+9.5% more to the capTODAY · SPY +2.6%

AUGW: reference +2.6% since period start, fund +2.0%; buffer 0 to −20; cap +12.1%; Between buffer and cap. Data to Nov 4, 2026.

AUGW: reference +2.6% since period start, fund +2.0%; buffer 0 to −20; cap +12.1%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

Both cost 0.74% a year; their one-year returns differ by 3.5 points; AUGW is 3.6 times larger.

Points (pts) are percentage points.

AUGT vs AUGW: Cap, Buffer & Days Left
MeasureAUGTAUGW
Return
Total return, 1 year+12.5%+9.0%
Drawdown
Index fall to the buffer2.6%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.74%0.74%
Net assets, as of Nov 3, 2026$35m$127m
Holdings
Holdings in commonnot published
ETFIQ Downside Cover Score · AUGW scores higher If the market falls into a bear market from here, how much does the buffer absorb?
IQ Buffer Score38.7AUGT94.7AUGW

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

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: AUGT vs AUGW: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowAUGTAUGWAUGTAUGW
3 months+0.5%+0.8%+0.9 pts+1.2 pts
6 months+5.6%+4.1%+1.1 pts−0.4 pts
1 year+12.5%+9.0%−1.0 pts−4.5 pts
3 years+62.8%+42.3%−13.6 pts−34.1 pts
Since launchAUGT Aug 2023 · AUGW Aug 2023+57.8%+39.7%−10.2 pts−28.3 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

AUGT AllianzIM U.S. Equity Buffer10 ETF - Aug · Absorbs the first 10% of loss on SPY and caps the gain at 17.1%, over a period ending Jul 31, 2027 AUGW AllianzIM U.S. Equity Buffer20 ETF - Aug · Absorbs the first 20% of loss on SPY and caps the gain at 12.1%, over a period ending Jul 31, 2027
Issuer AllianzIM AllianzIM
Reference index SPY SPY
Buffer 10% 20%
Outcome period Aug 1, 2026 to Jul 31, 2027 Aug 1, 2026 to Jul 31, 2027
Days left 269 269
Starting cap +17.1% +12.1%
Can still gain 13.6% 9.1%
Fall before buffer 3.1% 2.7%
Protection left, index points 10.0% of 10.0% 20.0% of 20.0%
Index return this period +2.6% +2.6%
Fund return this period +2.4% +2.0%
State today Open Open
Expense ratio 0.74% 0.74%
Net assets, as of Nov 3, 2026 $35m $127m

As of Nov 4, 2026. Source: ETFIQ.

Both are AllianzIM funds, so the difference between them is the terms rather than the house.

Where each one stands today

AUGT resets first, on Jul 31, 2027, 269 days from now; AUGW runs to Jul 31, 2027, 269 days. AUGT can still gain 13.6% before its cap, AUGW 9.1%. A fall from here reaches AUGT’s buffer after 3.1% and AUGW’s after 2.7%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
AUGT

From its price on Nov 4, 2026, the fund can gain about 13.6% more before it reaches its cap. The fund's price can fall 3.1% 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: 10.0% of the 10.0% 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.

AUGW

From its price on Nov 4, 2026, the fund can gain about 9.1% 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 number. Protection left, in index points: 20.0% of the 20.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, AUGT or AUGW?
From their prices on Nov 4, 2026, AUGT can gain about 13.6% before its cap and AUGW about 9.1%, so AUGT has more room left this period.
Which resets first, AUGT or AUGW?
AUGT ends its outcome period on Jul 31, 2027 and AUGW on Jul 31, 2027. A new cap is set the day after each.
Which is cheaper, AUGT or AUGW?
AUGT and AUGW both charge 0.74% a year, so neither is cheaper. Fees come from each fund's prospectus.
Other comparisons
AUGT vs ZAUGAUGT vs DDFGAUGT vs UAUGAUGT vs BAUGAUGW vs CPSAAUGW vs CPSJAUGW vs DDFGAUGW vs UAUG
Where to next
SPDR® S&P 500® ETF Trust →AUGT on its own →AUGW on its own →Method →Standards and sources →
Sources and dates
AUGT and AUGW filings on SEC EDGAR ↗
AllianzIM page for AUGT ↗
AllianzIM page for AUGW ↗

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.

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ETFIQ, AUGT against AUGW, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/augt-vs-augw

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