Which has more room to gain, AUGT or PAUG?

From their prices on Oct 13, 2026, AUGT can gain about 12.8% before its cap and PAUG about 10.7%, 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.

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AUGT vs PAUG: Cap, Buffer & Days Left

As of Oct 13, 2026 AUGT can fall 3.8% before its buffer engages and PAUG 2.8%. Net assets on Oct 13, 2026: $36m for AllianzIM U.S. Equity Buffer10 ETF - Aug and $1.1bn for Innovator U.S. Equity Power Buffer ETF - Aug.

AUGT costs 0.05 points a year less; their one-year returns differ by 2.9 points; PAUG is far larger, $1.1bn against $36m.

Points (pts) are percentage points.

AUGT vs PAUG: Cap, Buffer & Days Left
	AUGT	PAUG
Expense ratio	0.74%	0.79%
Net assets	$36m	$1.1bn
Total return, 1 year	+14.3%	+11.4%
What it tracks	SPY	SPY
Holdings in common	not published
Index fall to the buffer	4.0%

3.8%

AUGT can fall this far before its buffer

2.8%

PAUG can fall this far before its buffer

12.8%

AUGT can still gain

10.7%

PAUG can still gain

AUGTBetween buffer and cap

AUGT: reference +4.2% since period start, fund +3.2%; buffer 0 to −10; cap +17.1%; Between buffer and cap. Figures to Oct 13, 2026.

PAUGBetween buffer and cap

PAUG: reference +4.2% since period start, fund +2.7%; buffer 0 to −15; cap +13.8%; Between buffer and cap. Figures to Oct 13, 2026.

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

AUGT 37

PAUG 86.5

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

A percentile among the 292 buffer ETFs on stocks with a live outcome period. 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 → How it is computed →

Where each one stands today

AUGT resets first, on Jul 31, 2027, 291 days from now; PAUG runs to Jul 31, 2027, 291 days. AUGT can still gain 12.8% before its cap, PAUG 10.7%. A fall from here reaches AUGT’s buffer after 3.8% and PAUG’s after 2.8%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

Performance, 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	+3.7%	+3.0%	+0.3 pts	−0.5 pts
6 months	+9.1%	+6.9%	−2.9 pts	−5.1 pts
1 year	+14.3%	+11.4%	−3.1 pts	−6.0 pts
3 years	+65.0%	+51.2%	−15.3 pts	−29.1 pts
Since launch Not the same days: AUGT Aug 2023 · PAUG Aug 2019	+58.9%	+91.0%	−11.5 pts	−72.8 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

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 291 291

Starting cap +17.1% +13.8%

Can still gain 12.8% 10.7%

Fall before buffer 3.8% 2.8%

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

Index return this period +4.2% +4.2%

Fund return this period +3.2% +2.7%

State today Open Open

Expense ratio 0.74% 0.79%

Net assets $36m $1.1bn

As of Oct 13, 2026. Source: ETFIQ.

About AUGT

From its price on Oct 13, 2026, the fund can gain about 12.8% 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 4.0% 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. 291 days remained on Oct 13, 2026. On Jul 31, 2027 the period ends and a new cap is set.

About PAUG

From its price on Oct 13, 2026, the fund can gain about 10.7% more before it reaches its cap. The fund's price can fall 2.8% from here before the buffer starts absorbing losses, by the issuer's figure. 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 Oct 13, 2026, AUGT can gain about 12.8% before its cap and PAUG about 10.7%, 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 HAUG AUGT vs DJUL AUGT vs GJUL PAUG vs BOCT PAUG vs DAPR PAUG vs BJAN PAUG vs BJUL

SPDR® S&P 500® ETF Trust →AUGT on its own →PAUG on its own →How every figure is computed →Standards and sources →

Where these figures came from

AUGT filings on SEC EDGAR ↗AllianzIM page for AUGT ↗PAUG filings on SEC EDGAR ↗Innovator page for PAUG ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. 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 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, AUGT against PAUG, data as of Oct 13, 2026. https://etfiq.com/compare/buffer/augt-vs-paug

Open data

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