Which has more room to gain, AUGT or PAUG?

From their prices on Nov 4, 2026, AUGT can gain about 13.6% before its cap and PAUG about 11.1%, so AUGT has more room left this period.

Which resets first, AUGT or PAUG?

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

Which is cheaper, AUGT or PAUG?

AUGT charges 0.74% a year and PAUG charges 0.79%, so AUGT is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Buffer ETFs

AUGT vs PAUG: Cap, Buffer & Days Left

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As of Nov 4, 2026 AUGT can fall 3.1% before its buffer engages and PAUG 2.4%.

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Net assets: $35m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer10 ETF - Aug, and $1.0bn on Nov 4, 2026 for Innovator U.S. Equity Power Buffer ETF - Aug.

AUGT on its own →PAUG on its own →

At a glance

3.1%

AUGT can fall this far before its buffer

2.4%

PAUG can fall this far before its buffer

13.6%

AUGT can still gain

11.1%

PAUG can still gain

AUGT Between buffer and cap

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.

PAUG Between buffer and cap

PAUG: reference +2.6% since period start, fund +2.2%; buffer 0 to −15; cap +13.8%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

AUGT costs 0.05 points a year less; their one-year returns differ by 2.4 points; PAUG is far larger, $1.0bn against $35m.

Points (pts) are percentage points.

AUGT vs PAUG: Cap, Buffer & Days Left
Measure	AUGT	PAUG
Return
Measure	AUGT	PAUG
Total return, 1 year	+12.5%	+10.1%
Drawdown
Measure	AUGT	PAUG
Index fall to the buffer	2.6%	2.5%
Benchmark
Measure	AUGT	PAUG
What it tracks	SPY	SPY
Cost and size
Measure	AUGT	PAUG
Expense ratio	0.74%	0.79%
Net assets, as of Nov 3, 2026	$35m	$1.0bn
Holdings
Measure	AUGT	PAUG
Holdings in common	not published

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

IQ Buffer Score38.7AUGT83.2PAUG

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

AUGT 38.7

PAUG 83.2

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 PAUG: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	AUGT	PAUG	AUGT	PAUG
3 months	+0.5%	+0.7%	+0.9 pts	+1.1 pts
6 months	+5.6%	+4.5%	+1.1 pts	0.0 pts
1 year	+12.5%	+10.1%	−1.0 pts	−3.5 pts
3 years	+62.8%	+49.7%	−13.6 pts	−26.7 pts
Since launchNot the same days: AUGT Aug 2023 · PAUG Aug 2019	+57.8%	+90.1%	−10.2 pts	−69.9 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 PAUG Innovator U.S. Equity Power Buffer ETF - Aug · Absorbs the first 15% of loss on SPY and caps the gain at 13.8%, over a period ending Jul 31, 2027

Issuer AllianzIM Innovator

Reference index SPY SPY

Buffer 10% 15%

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

Days left 269 269

Starting cap +17.1% +13.8%

Can still gain 13.6% 11.1%

Fall before buffer 3.1% 2.4%

Protection left, index points 10.0% of 10.0% 15.0% of 15.0%

Index return this period +2.6% +2.6%

Fund return this period +2.4% +2.2%

State today Open Open

Expense ratio 0.74% 0.79%

Net assets, AUGT as of Nov 3, 2026 and PAUG as of Nov 4, 2026 $35m $1.0bn

As of Nov 4, 2026. Source: ETFIQ.

Where each one stands today

AUGT resets first, on Jul 31, 2027, 269 days from now; PAUG runs to Jul 31, 2027, 269 days. AUGT can still gain 13.6% before its cap, PAUG 11.1%. A fall from here reaches AUGT’s buffer after 3.1% and PAUG’s after 2.4%. 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.

PAUG

From its price on Nov 4, 2026, the fund can gain about 11.1% more before it reaches its cap. The fund's price can fall 2.4% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 2.5% 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.

Questions people ask

Which has more room to gain, AUGT or PAUG?: From their prices on Nov 4, 2026, AUGT can gain about 13.6% before its cap and PAUG about 11.1%, so AUGT has more room left this period.
Which resets first, AUGT or PAUG?: AUGT ends its outcome period on Jul 31, 2027 and PAUG on Jul 31, 2027. A new cap is set the day after each.
Which is cheaper, AUGT or PAUG?: AUGT charges 0.74% a year and PAUG charges 0.79%, so AUGT is cheaper. Fees come from each fund's prospectus.

Other comparisons

AUGT vs FJUL AUGT vs DJUL AUGT vs HAUG AUGT vs GJUL PAUG vs DAPR PAUG vs BJAN PAUG vs BOCT PAUG vs BJUL

Where to next

SPDR® S&P 500® ETF Trust →AUGT on its own →PAUG on its own →Method →Standards and sources →

Sources and dates

AUGT filings on SEC EDGAR ↗

AllianzIM page for AUGT ↗

PAUG filings on SEC EDGAR ↗

Innovator page for PAUG ↗

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

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