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CAUG vs XJUL: Cap, Buffer & Days Left

As of Oct 9, 2026 XJUL can fall 3.8% before its buffer engages and CAUG 2.7%, and XJUL resets 15 days sooner. Net assets on Oct 9, 2026: $1m for Corgi U.S. Equities 15% Structured Buffer ETF - August Series and $42m for FT Vest U.S. Equity Enhance & Moderate Buffer ETF - July.

CAUG costs 0.55 points a year less; XJUL is far larger, $42m against $1m.

CAUGXJUL
Expense ratio0.30%0.85%
Net assets$1m$42m
Total return, 1 yearnot published+9.3%
What it tracksSPYSPY
Holdings in commonnot published
Index fall to the buffer2.7%4.5%
CAUGBetween buffer and cap
Between buffer and capCAUG: reference +2.8% since period start, fund +2.5%; buffer 0 to −15; cap +15.0%; Between buffer and cap. Figures to Oct 9, 2026.15 pts of buffer+2.8%+12.2% more to the cap−15.0% floor0% period start+15.0% capTODAY · SPY +2.8%Between buffer and capCAUG: reference +2.8% since period start, fund +2.5%; buffer 0 to −15; cap +15.0%; Between buffer and cap. Figures to Oct 9, 2026.15 pts−15.0% floor0% start+15.0% cap+2.8% gain captured+12.2% more to the capTODAY · SPY +2.8%

CAUG: reference +2.8% since period start, fund +2.5%; buffer 0 to −15; cap +15.0%; Between buffer and cap. Figures to Oct 9, 2026.

CAUG: reference +2.8% since period start, fund +2.5%; buffer 0 to −15; cap +15.0%; Between buffer and cap. Figures to Oct 9, 2026.

XJULBetween buffer and cap
Between buffer and capXJUL: reference +4.8% since period start, fund +3.0%; buffer 0 to −15; cap +11.4%; Between buffer and cap. Figures to Oct 9, 2026.15 pts of buffer+4.8% gained+6.7% to cap−15.0% floor0% period start+11.4% capTODAY · SPY +4.8%Between buffer and capXJUL: reference +4.8% since period start, fund +3.0%; buffer 0 to −15; cap +11.4%; Between buffer and cap. Figures to Oct 9, 2026.15 pts−15.0% floor0% start+11.4% cap+4.8% gain captured+6.7% more to the capTODAY · SPY +4.8%

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.

Figures to Oct 9, 2026.

These are two different products. XJUL is a floor fund, which caps how far a holder can fall. CAUG 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; CAUG runs to Jul 31, 2027, 295 days. A fall from here reaches CAUG’s buffer after 2.7% 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 returnGap to the reference
WindowCAUGXJULCAUGXJUL
3 monthsnot published+3.1%not published−0.1 pts
6 monthsnot published+6.0%not published−8.6 pts
1 yearnot published+9.3%not published−6.7 pts
3 yearsnot published+38.0%not published−41.2 pts

Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

CAUG
Corgi U.S. Equities 15% Structured Buffer ETF - August Series · Absorbs the first 15% of loss on SPY and caps the gain at 15.0%, 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 Corgi First Trust
Reference index SPY SPY
Buffer 15% 15%
Outcome period Aug 1, 2026 to Jul 31, 2027 Jul 20, 2026 to Jul 16, 2027
Days left 295 280
Starting cap +15.0% +11.4%
Can still gain not published 7.3%
Fall before buffer 2.7% 3.8%
Protection left, index points 15.0% of 15.0% 15.0% of 15.0%
Index return this period +2.8% +4.8%
Fund return this period +2.5% +3.0%
State today Open Open
Expense ratio 0.30% 0.85%
Net assets $1m $42m

As of Oct 9, 2026. Source: ETFIQ.

CAUG in plain words

The fund's price can fall 2.7% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 2.7% 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 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. 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, CAUG or XJUL?
CAUG 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, CAUG or XJUL?
CAUG charges 0.30% a year and XJUL charges 0.85%, so CAUG is cheaper. Fees come from each fund's prospectus.
Other comparisons
CAUG vs UAUGCAUG vs PMAUCAUG vs AUGUCAUG vs PBAUXJUL vs CPSAXJUL vs CPSJXJUL vs FJULXJUL vs CTAU
SPY →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →CAUG on its own →XJUL on its own →How every figure is computed →Standards and sources →
Where these figures came from
CAUG filings on SEC EDGAR ↗Corgi website ↗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, CAUG against XJUL, data as of Oct 9, 2026. https://etfiq.com/compare/buffer/caug-vs-xjul

Open data

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