Data as of .
AUGU vs AUGW: which one stands where?
As of Sep 21, 2026 AUGU can fall 3.1% before its buffer engages and AUGW 2.4%.
ETFIQ Downside Cover Score: AUGW scores higher
If the market falls into a bear market from here, how much does the buffer absorb?
A percentile among the 293 buffer ETFs with a live outcome period. It is a position in a set, not a rating, and neither end of it is a recommendation. All buffer ETFs ranked by it · How it is computed
Both are AllianzIM funds, so the difference between them is the terms rather than the house.
Where each one stands today
AUGU resets first, on Jul 31, 2027, 313 days from now; AUGW runs to Jul 31, 2027, 313 days. A fall from here reaches AUGU’s buffer after 3.1% and AUGW’s after 2.4%. Both track SPY, so what separates them is where each is in its own period.
Every figure is ETFIQ’s own, from the issuer’s published outcome-period terms. A buffer ETF holds FLEX options on its reference index rather than shares, so there is no holdings overlap between two of them to report.
Performance, window by window
| Window | Total return | Gap to the reference | ||
|---|---|---|---|---|
| AUGU | AUGW | AUGU | AUGW | |
| 3 months | +0.9% | +2.1% | −1.4 pts | −0.1 pts |
| 6 months | +12.8% | +8.1% | −5.3 pts | −9.9 pts |
| 1 year | +11.0% | +8.8% | −5.6 pts | −7.8 pts |
| 3 years | not published | +40.3% | not published | −38.1 pts |
| AUGU AllianzIM U.S. Equity Buffer15 Uncapped ETF - Aug Absorbs the first 15% of loss on SPY and does not cap the gain, 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 | 15% | 20% |
| Outcome period | Aug 1, 2026 to Jul 31, 2027 | Aug 1, 2026 to Jul 31, 2027 |
| Days left | 313 | 313 |
| Starting cap | uncapped | +12.1% |
| Can still gain | uncapped | 9.5% |
| Fall before buffer | 3.1% | 2.4% |
| Protection left, index points | 15.0% of 15.0% | 20.0% of 20.0% |
| Index return this period | +3.6% | +3.6% |
| Fund return this period | +2.5% | +1.7% |
| State today | Uncapped | Open |
| Expense ratio | 0.74% | 0.74% |
| Net assets | $41m | $127m |
AUGU in plain words
This fund has no cap. It takes a share of any further rise in SPY. The fund's price can fall 3.1% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 3.5% 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. 313 days remained on Sep 21, 2026. On Jul 31, 2027 the period ends and a new cap is set.
AUGW in plain words
From its price on Sep 21, 2026, the fund can gain about 9.5% 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 figure. Protection left, in index points: 20.0% of the 20.0% buffer still sits below today's SPY level.
Questions people ask
- Which resets first, AUGU or AUGW?
- AUGU 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, AUGU or AUGW?
- AUGU charges 0.74% a year and AUGW charges 0.74%, so AUGU is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, AUGU against AUGW, data as of Sep 21, 2026. https://etfiq.com/compare/buffer/augu-vs-augw Free to use with attribution; the underlying files are at Open data.