Which resets first, AUGU or FJUL?

AUGU ends its outcome period on Jul 31, 2027 and FJUL on Jul 16, 2027. New terms are set the day after each.

Which is cheaper, AUGU or FJUL?

AUGU charges 0.74% a year and FJUL charges 0.85%, so AUGU is cheaper. Fees come from each fund's prospectus.

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AUGU vs FJUL: Cap, Buffer & Days Left

As of Oct 9, 2026 FJUL can fall 4.3% before its buffer engages and AUGU 3.6%, and FJUL resets 15 days sooner. Net assets: $41m on Oct 8, 2026 for AllianzIM U.S. Equity Buffer15 Uncapped ETF - Aug, and $1.4bn on Oct 9, 2026 for FT Vest U.S. Equity Buffer ETF - July.

AUGU costs 0.11 points a year less; their one-year returns differ by 1.5 points; FJUL is far larger, $1.4bn against $41m.

	AUGU	FJUL
Expense ratio	0.74%	0.85%
Net assets, as of Oct 8, 2026	$41m	$1.4bn
Total return, 1 year	+11.6%	+13.1%
What it tracks	SPY	SPY
Holdings in common	not published
Index fall to the buffer	4.0%	4.5%

3.6%

AUGU can fall this far before its buffer

4.3%

FJUL can fall this far before its buffer

uncapped

AUGU can still gain

11.9%

FJUL can still gain

AUGUNo cap

AUGU: reference +4.2% since period start, fund +2.9%; buffer 0 to −15; no cap; No cap. Figures to Oct 9, 2026.

FJULBetween buffer and cap

FJUL: reference +4.8% since period start, fund +3.6%; buffer 0 to −10; cap +16.8%; Between buffer and cap. Figures to Oct 9, 2026.

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

AUGU 85.8

FJUL 36.6

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

FJUL resets first, on Jul 16, 2027, 280 days from now; AUGU runs to Jul 31, 2027, 295 days. A fall from here reaches AUGU’s buffer after 3.6% and FJUL’s after 4.3%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

	Total return		Gap to the reference's price return
Window	AUGU	FJUL	AUGU	FJUL
3 months	+1.7%	+3.8%	−1.4 pts	+0.7 pts
6 months	+11.5%	+10.1%	−3.1 pts	−4.5 pts
1 year	+11.6%	+13.1%	−4.4 pts	−2.9 pts
3 years	not published	+59.9%	not published	−19.3 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

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

FJUL

FT Vest U.S. Equity Buffer ETF - July · Absorbs the first 10% of loss on SPY and caps the gain at 16.8%, over a period ending Jul 16, 2027

Issuer AllianzIM First Trust

Reference index SPY SPY

Buffer 15% 10%

Outcome period Aug 1, 2026 to Jul 31, 2027 Jul 20, 2026 to Jul 16, 2027

Days left 295 280

Starting cap uncapped +16.8%

Can still gain uncapped 11.9%

Fall before buffer 3.6% 4.3%

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

Index return this period +4.2% +4.8%

Fund return this period +2.9% +3.6%

State today Uncapped Open

Expense ratio 0.74% 0.85%

Net assets, AUGU as of Oct 8, 2026 and FJUL as of Oct 9, 2026 $41m $1.4bn

As of Oct 9, 2026. Source: ETFIQ.

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 3.6% 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: 15.0% of the 15.0% buffer still sits below today's SPY level. 295 days remained on Oct 9, 2026. On Jul 31, 2027 the period ends and new terms are set.

FJUL in plain words

From its price on Oct 9, 2026, the fund can gain about 11.9% more before it reaches its cap. The fund's price can fall 4.3% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 4.5% 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. 280 days remained on Oct 9, 2026. On Jul 16, 2027 the period ends and a new cap is set.

Questions people ask

Which resets first, AUGU or FJUL?: AUGU ends its outcome period on Jul 31, 2027 and FJUL on Jul 16, 2027. New terms are set the day after each.
Which is cheaper, AUGU or FJUL?: AUGU charges 0.74% a year and FJUL charges 0.85%, so AUGU is cheaper. Fees come from each fund's prospectus.

Other comparisons

AUGU vs DJUL AUGU vs DDTG AUGU vs PMAU AUGU vs HAUG FJUL vs BSEP FJUL vs DJUL FJUL vs PMAR FJUL vs PMAY

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

Where these figures came from

AUGU filings on SEC EDGAR ↗AllianzIM page for AUGU ↗FJUL filings on SEC EDGAR ↗First Trust page for FJUL ↗

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 page

ETFIQ, AUGU against FJUL, data as of Oct 9, 2026. https://etfiq.com/compare/buffer/augu-vs-fjul

Open data

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