Data as of Nov 4, 2026.

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Buffer ETFs

AUGT vs PMAU: Cap, Buffer & Days Left

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As of Nov 4, 2026 AUGT can fall 3.1% before its buffer engages and PMAU 1.8%.

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Net assets: $35m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer10 ETF - Aug, and $6.5m on Nov 4, 2026 for PGIM S&P 500 Max Buffer ETF - August.

At a glance
3.1%
AUGT can fall this far before its buffer
1.8%
PMAU can fall this far before its buffer
13.6%
AUGT can still gain
6.0%
PMAU 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+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.−10.0% floor0% start+17.1% cap10 pts of buffer+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.
PMAU Full floor
Full floorPMAU: reference +2.6% since period start, fund +1.3%; buffer Floor; cap +7.9%; Full floor. Data to Nov 4, 2026.full floor beneathfull floor0% period start+7.9% cap+2.6% gain captured+5.2% more to the capTODAY · SPY +2.6%Full floorPMAU: reference +2.6% since period start, fund +1.3%; buffer Floor; cap +7.9%; Full floor. Data to Nov 4, 2026.full floor beneathfull floor0% start+7.9% cap+2.6% gain captured+5.2% more to the capTODAY · SPY +2.6%

PMAU: reference +2.6% since period start, fund +1.3%; buffer Floor; cap +7.9%; Full floor. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

PMAU costs 0.24 points a year less; their one-year returns differ by 6.3 points; AUGT is 5.4 times larger.

Points (pts) are percentage points.

AUGT vs PMAU: Cap, Buffer & Days Left
MeasureAUGTPMAU
Return
Total return, 1 year+12.5%+6.2%
Drawdown
Index fall to the buffer2.6%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.74%0.50%
Net assets, as of Nov 3, 2026$35m$6.5m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: AUGT vs PMAU: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowAUGTPMAUAUGTPMAU
3 months+0.5%+0.7%+0.9 pts+1.1 pts
6 months+5.6%+2.8%+1.1 pts−1.7 pts
1 year+12.5%+6.2%−1.0 pts−7.4 pts
3 years+62.8%–−13.6 pts–
Since launchNot the same days: AUGT Aug 2023 · PMAU Aug 2025+57.8%+8.3%−10.2 pts−15.0 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. – means no data for this window. 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 PMAU PGIM S&P 500 Max Buffer ETF - August · Absorbs the whole loss on SPY and caps the gain at 7.9%, over a period ending Jul 31, 2027
Reference index SPY SPY
Buffer 10% 100%
Outcome period Aug 1, 2026 to Jul 31, 2027 Aug 1, 2026 to Jul 31, 2027
Days left 269 269
Starting cap +17.1% +7.9%
Can still gain 13.6% 6.0%
Fall before buffer 3.1% 1.8%
Protection left, index points 10.0% of 10.0% 100.0% of 100.0%
Index return this period +2.6% +2.6%
Fund return this period +2.4% +1.3%
State today Open Open
Expense ratio 0.74% 0.50%
Net assets, AUGT as of Nov 3, 2026 and PMAU as of Nov 4, 2026 $35m $6.5m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. PMAU is a floor fund, which caps how far a holder can fall. AUGT 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

AUGT resets first, on Jul 31, 2027, 269 days from now; PMAU runs to Jul 31, 2027, 269 days. AUGT can still gain 13.6% before its cap, PMAU 6.0%. A fall from here reaches AUGT’s buffer after 3.1% and PMAU’s after 1.8%. 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.

PMAU

From its price on Nov 4, 2026, the fund can gain about 6.0% more before it reaches its cap. The fund's price can fall 1.8% from here before the buffer starts absorbing losses, by the issuer's number. 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, AUGT or PMAU?
From their prices on Nov 4, 2026, AUGT can gain about 13.6% before its cap and PMAU about 6.0%, so AUGT has more room left this period.
Which resets first, AUGT or PMAU?
AUGT ends its outcome period on Jul 31, 2027 and PMAU on Jul 31, 2027. A new cap is set the day after each.
Which is cheaper, AUGT or PMAU?
AUGT charges 0.74% a year and PMAU charges 0.50%, so PMAU is cheaper. Fees come from each fund's prospectus.
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Sources and dates

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

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 PMAU, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/augt-vs-pmau

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