Which resets first, AUGU or JULM?

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

Which is cheaper, AUGU or JULM?

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

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AUGU vs JULM: Cap, Buffer & Days Left

As of Oct 13, 2026 AUGU can fall 3.4% before its buffer engages and JULM 2.2%, and JULM resets 15 days sooner. Net assets on Oct 12, 2026: $41m for AllianzIM U.S. Equity Buffer15 Uncapped ETF - Aug and $36m for FT Vest U.S. Equity Max Buffer ETF - July.

AUGU costs 0.11 points a year less; their one-year returns differ by 7.7 points; AUGU is 1.2 times larger.

Points (pts) are percentage points.

AUGU vs JULM: Cap, Buffer & Days Left
	AUGU	JULM
Expense ratio	0.74%	0.85%
Net assets, as of Oct 12, 2026	$41m	$36m
Total return, 1 year	+13.8%	+6.1%
What it tracks	SPY	SPY
Holdings in common	not published
Index fall to the buffer	3.9%	4.4%

3.4%

AUGU can fall this far before its buffer

2.2%

JULM can fall this far before its buffer

uncapped

AUGU can still gain

5.1%

JULM can still gain

AUGUNo cap

AUGU: reference +4.0% since period start, fund +2.7%; buffer 0 to −15; no cap; No cap. Figures to Oct 13, 2026.

JULMFull floor

JULM: reference +4.6% since period start, fund +1.3%; buffer Floor; cap +7.3%; Full floor. Figures to Oct 13, 2026.

Figures to Oct 13, 2026.

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

JULM resets first, on Jul 16, 2027, 276 days from now; AUGU runs to Jul 31, 2027, 291 days. A fall from here reaches AUGU’s buffer after 3.4% and JULM’s after 2.2%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

Performance, window by window: AUGU vs JULM: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	AUGU	JULM	AUGU	JULM
3 months	+2.4%	+1.3%	−1.5 pts	−2.5 pts
6 months	+10.4%	+3.4%	−3.0 pts	−10.0 pts
1 year	+13.8%	+6.1%	−5.4 pts	−13.1 pts
Since launch Not the same days: AUGU Aug 2024 · JULM Jul 2024	+31.2%	+15.8%	−12.1 pts	−28.8 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

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

JULM

FT Vest U.S. Equity Max Buffer ETF - July · Absorbs the whole loss on SPY and caps the gain at 7.3%, over a period ending Jul 16, 2027

Issuer AllianzIM First Trust

Reference index SPY SPY

Buffer 15% 100%

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

Days left 291 276

Starting cap uncapped +7.3%

Can still gain uncapped 5.1%

Fall before buffer 3.4% 2.2%

Protection left, index points 15.0% of 15.0% 100.0% of 100.0%

Index return this period +4.0% +4.6%

Fund return this period +2.7% +1.3%

State today Uncapped Open

Expense ratio 0.74% 0.85%

Net assets, as of Oct 12, 2026 $41m $36m

As of Oct 13, 2026. Source: ETFIQ.

About AUGU

This fund has no cap. It takes a share of any further rise in SPY. The fund's price can fall 3.4% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 3.9% 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. 291 days remained on Oct 13, 2026. On Jul 31, 2027 the period ends and new terms are set.

About JULM

From its price on Oct 13, 2026, the fund can gain about 5.1% more before it reaches its cap. The fund's price can fall 2.2% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 4.4% from today's level to the point where the buffer begins. Protection left, in index points: 100.0% of the 100.0% buffer still sits below today's SPY level. 276 days remained on Oct 13, 2026. On Jul 16, 2027 the period ends and a new cap is set.

Questions people ask

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

Other comparisons

AUGU vs HAUG AUGU vs PBAU AUGU vs DDTG AUGU vs XJUL JULM vs DJUL JULM vs PAUG JULM vs FJUL JULM vs XJUL

SPDR® S&P 500® ETF Trust →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →AUGU on its own →JULM 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 ↗JULM filings on SEC EDGAR ↗First Trust page for JULM ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

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, AUGU against JULM, data as of Oct 13, 2026. https://etfiq.com/compare/buffer/augu-vs-julm

Open data

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