Which resets first, AUGU or UAUG?

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

Which is cheaper, AUGU or UAUG?

AUGU charges 0.74% a year and UAUG charges 0.79%, so AUGU is cheaper. Fees come from each fund's prospectus.

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AUGU vs UAUG: Cap, Buffer & Days Left

As of Oct 13, 2026 UAUG can fall 7.5% before its buffer engages and AUGU 3.5%. Net assets on Oct 13, 2026: $41m for AllianzIM U.S. Equity Buffer15 Uncapped ETF - Aug and $248m for Innovator U.S. Equity Ultra Buffer ETF - Aug.

AUGU costs 0.05 points a year less; their one-year returns differ by 1.9 points; UAUG is 6.0 times larger.

Points (pts) are percentage points.

AUGU vs UAUG: Cap, Buffer & Days Left
	AUGU	UAUG
Expense ratio	0.74%	0.79%
Net assets	$41m	$248m
Total return, 1 year	+12.6%	+10.7%
What it tracks	SPY	SPY
Holdings in common	not published
Index fall to the buffer	4.0%	8.8%

3.5%

AUGU can fall this far before its buffer

7.5%

UAUG can fall this far before its buffer

uncapped

AUGU can still gain

11.0%

UAUG can still gain

AUGUNo cap

AUGU: reference +4.2% since period start, fund +2.8%; buffer 0 to −15; no cap; No cap. Figures to Oct 13, 2026.

UAUGBetween buffer and cap

UAUG: reference +4.2% since period start, fund +2.5%; buffer −5 to −35; cap +14.0%; Between buffer and cap. Figures to Oct 13, 2026.

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

AUGU 86.5

UAUG 63.2

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

AUGU resets first, on Jul 31, 2027, 291 days from now; UAUG runs to Jul 31, 2027, 291 days. A fall from here reaches AUGU’s buffer after 3.5% and UAUG’s after 7.5%. 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 UAUG: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	AUGU	UAUG	AUGU	UAUG
3 months	+2.0%	+2.8%	−1.5 pts	−0.7 pts
6 months	+9.5%	+6.7%	−2.5 pts	−5.4 pts
1 year	+12.6%	+10.7%	−4.8 pts	−6.6 pts
3 years	not published	+50.5%	not published	−29.8 pts
Since launch Not the same days: AUGU Aug 2024 · UAUG Aug 2019	+31.3%	+74.8%	−12.0 pts	−89.1 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

UAUG

Innovator U.S. Equity Ultra Buffer ETF - Aug · Absorbs losses from 5.0% to 35.0% on SPY and caps the gain at 14.0%, over a period ending Jul 31, 2027

Issuer AllianzIM Innovator

Reference index SPY SPY

Buffer 15% 5% to 35%

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

Days left 291 291

Starting cap uncapped +14.0%

Can still gain uncapped 11.0%

Fall before buffer 3.5% 7.5%

Protection left, index points 15.0% of 15.0% 30.0% of 30.0%

Index return this period +4.2% +4.2%

Fund return this period +2.8% +2.5%

State today Uncapped Open

Expense ratio 0.74% 0.79%

Net assets $41m $248m

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 3.5% 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. 291 days remained on Oct 13, 2026. On Jul 31, 2027 the period ends and new terms are set.

About UAUG

From its price on Oct 13, 2026, the fund can gain about 11.0% more before it reaches its cap. The fund's price can fall 7.5% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 8.8% from today's level to the point where the buffer begins. Protection left, in index points: 30.0% of the 30.0% buffer still sits below today's SPY level. On Jul 31, 2027 the period ends and a new cap is set.

Questions people ask

Which resets first, AUGU or UAUG?: AUGU ends its outcome period on Jul 31, 2027 and UAUG on Jul 31, 2027. New terms are set the day after each.
Which is cheaper, AUGU or UAUG?: AUGU charges 0.74% a year and UAUG charges 0.79%, so AUGU is cheaper. Fees come from each fund's prospectus.

Other comparisons

AUGU vs BAUG AUGU vs ZAUG AUGU vs GJUL AUGU vs DJUL UAUG vs XJUL UAUG vs CPSA UAUG vs CPSJ UAUG vs AUGW

SPDR® S&P 500® ETF Trust →AUGU on its own →UAUG 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 ↗UAUG filings on SEC EDGAR ↗Innovator page for UAUG ↗

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

Open data

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