Which has more room to gain, AUGW or XJUL?

From their prices on Oct 9, 2026, AUGW can gain about 8.8% before its cap and XJUL about 7.3%, so AUGW has more room left this period.

Which resets first, AUGW or XJUL?

AUGW ends its outcome period on Jul 31, 2027 and XJUL on Jul 16, 2027. A new cap is set the day after each.

Which is cheaper, AUGW or XJUL?

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

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AUGW vs XJUL: Cap, Buffer & Days Left

As of Oct 9, 2026 XJUL can fall 3.8% before its buffer engages and AUGW 3.0%, and XJUL resets 15 days sooner. Net assets: $128m on Oct 8, 2026 for AllianzIM U.S. Equity Buffer20 ETF - Aug, and $42m on Oct 9, 2026 for FT Vest U.S. Equity Enhance & Moderate Buffer ETF - July.

AUGW costs 0.11 points a year less; their one-year returns differ by 0.4 points; AUGW is 3.0 times larger.

	AUGW	XJUL
Expense ratio	0.74%	0.85%
Net assets, as of Oct 8, 2026	$128m	$42m
Total return, 1 year	+9.7%	+9.3%
What it tracks	SPY	SPY
Holdings in common	not published
Index fall to the buffer	4.0%	4.5%

3.0%

AUGW can fall this far before its buffer

3.8%

XJUL can fall this far before its buffer

8.8%

AUGW can still gain

7.3%

XJUL can still gain

AUGWBetween buffer and cap

AUGW: reference +4.2% since period start, fund +2.3%; buffer 0 to −20; cap +12.1%; Between buffer and cap. Figures to Oct 9, 2026.

XJULBetween buffer and cap

XJUL: reference +4.8% since period start, fund +3.0%; buffer 0 to −15; cap +11.4%; Between buffer and cap. Figures to Oct 9, 2026.

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

XJUL resets first, on Jul 16, 2027, 280 days from now; AUGW runs to Jul 31, 2027, 295 days. AUGW can still gain 8.8% before its cap, XJUL 7.3%. A fall from here reaches AUGW’s buffer after 3.0% and XJUL’s after 3.8%. 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	AUGW	XJUL	AUGW	XJUL
3 months	+2.7%	+3.1%	−0.4 pts	−0.1 pts
6 months	+6.8%	+6.0%	−7.8 pts	−8.6 pts
1 year	+9.7%	+9.3%	−6.3 pts	−6.7 pts
3 years	+43.4%	+38.0%	−35.8 pts	−41.2 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

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

XJUL

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - July · Absorbs the first 15% of loss on SPY and caps the gain at 11.4%, over a period ending Jul 16, 2027

Issuer AllianzIM First Trust

Reference index SPY SPY

Buffer 20% 15%

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

Days left 295 280

Starting cap +12.1% +11.4%

Can still gain 8.8% 7.3%

Fall before buffer 3.0% 3.8%

Protection left, index points 20.0% of 20.0% 15.0% of 15.0%

Index return this period +4.2% +4.8%

Fund return this period +2.3% +3.0%

State today Open Open

Expense ratio 0.74% 0.85%

Net assets, AUGW as of Oct 8, 2026 and XJUL as of Oct 9, 2026 $128m $42m

As of Oct 9, 2026. Source: ETFIQ.

AUGW in plain words

From its price on Oct 9, 2026, the fund can gain about 8.8% more before it reaches its cap. The fund's price can fall 3.0% 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: 20.0% of the 20.0% buffer still sits below today's SPY level. 295 days remained on Oct 9, 2026. On Jul 31, 2027 the period ends and a new cap is set.

XJUL in plain words

From its price on Oct 9, 2026, the fund can gain about 7.3% more before it reaches its cap. The fund's price can fall 3.8% 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: 15.0% of the 15.0% 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 has more room to gain, AUGW or XJUL?: From their prices on Oct 9, 2026, AUGW can gain about 8.8% before its cap and XJUL about 7.3%, so AUGW has more room left this period.
Which resets first, AUGW or XJUL?: AUGW ends its outcome period on Jul 31, 2027 and XJUL on Jul 16, 2027. A new cap is set the day after each.
Which is cheaper, AUGW or XJUL?: AUGW charges 0.74% a year and XJUL charges 0.85%, so AUGW is cheaper. Fees come from each fund's prospectus.

Other comparisons

AUGW vs PBAU AUGW vs JULM AUGW vs CPSA AUGW vs CPSJ XJUL vs ZAUG XJUL vs BAUG XJUL vs GJUL XJUL vs DJUL

SPDR® S&P 500® ETF Trust →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →AUGW on its own →XJUL on its own →How every figure is computed →Standards and sources →

Where these figures came from

AUGW filings on SEC EDGAR ↗AllianzIM page for AUGW ↗XJUL filings on SEC EDGAR ↗First Trust page for XJUL ↗

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 page

ETFIQ, AUGW against XJUL, data as of Oct 9, 2026. https://etfiq.com/compare/buffer/augw-vs-xjul

Open data

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