Which resets first, CTAU or PMAU?

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

Which is cheaper, CTAU or PMAU?

CTAU charges 0.30% a year and PMAU charges 0.50%, so CTAU is cheaper. Fees come from each fund's prospectus.

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CTAU vs PMAU: Cap, Buffer & Days Left

As of Oct 9, 2026 CTAU can fall 2.7% before its buffer engages and PMAU 1.7%. Net assets on Oct 9, 2026: $1m for Corgi U.S. Equities 30% Structured Buffer ETF - August Series and $7m for PGIM S&P 500 Max Buffer ETF - August.

CTAU costs 0.20 points a year less; PMAU is 6.4 times larger.

	CTAU	PMAU
Expense ratio	0.30%	0.50%
Net assets	$1m	$7m
Total return, 1 year	not published	+6.3%
What it tracks	SPY	SPY
Holdings in common	not published
Index fall to the buffer	2.7%	4.0%

CTAUBetween buffer and cap

CTAU: reference +2.8% since period start, fund +2.2%; buffer 0 to −30; cap +15.0%; Between buffer and cap. Figures to Oct 9, 2026.

PMAUFull floor

PMAU: reference +4.2% since period start, fund +1.3%; buffer Floor; cap +7.9%; Full floor. Figures to Oct 9, 2026.

Figures to Oct 9, 2026.

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

CTAU resets first, on Jul 31, 2027, 295 days from now; PMAU runs to Jul 31, 2027, 295 days. A fall from here reaches CTAU’s buffer after 2.7% and PMAU’s after 1.7%. 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
Window	CTAU	PMAU	CTAU	PMAU
3 months	not published	+1.5%	not published	−1.6 pts
6 months	not published	+4.2%	not published	−10.4 pts
1 year	not published	+6.3%	not published	−9.7 pts

Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

CTAU

Corgi U.S. Equities 30% Structured Buffer ETF - August Series · Absorbs the first 30% of loss on SPY and caps the gain at 15.0%, over a period ending Jul 31, 2027

PMAU

PGIM S&P 500 Max Buffer ETF - August · Absorbs the whole loss on SPY and caps the gain at 7.9%, over a period ending Jul 31, 2027

Issuer Corgi PGIM

Reference index SPY SPY

Buffer 30% 100%

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

Days left 295 295

Starting cap +15.0% +7.9%

Can still gain not published 6.1%

Fall before buffer 2.7% 1.7%

Protection left, index points 30.0% of 30.0% 100.0% of 100.0%

Index return this period +2.8% +4.2%

Fund return this period +2.2% +1.3%

State today Open Open

Expense ratio 0.30% 0.50%

Net assets $1m $7m

As of Oct 9, 2026. Source: ETFIQ.

CTAU 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: 30.0% of the 30.0% 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.

PMAU in plain words

From its price on Oct 9, 2026, the fund can gain about 6.1% more before it reaches its cap. The fund's price can fall 1.7% 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: 100.0% of the 100.0% buffer still sits below today's SPY level.

Questions people ask

Which resets first, CTAU or PMAU?: CTAU ends its outcome period on Jul 31, 2027 and PMAU on Jul 31, 2027. A new cap is set the day after each.
Which is cheaper, CTAU or PMAU?: CTAU charges 0.30% a year and PMAU charges 0.50%, so CTAU is cheaper. Fees come from each fund's prospectus.

Other comparisons

CTAU vs HAUG CTAU vs AUGC CTAU vs DDTG CTAU vs CAUG PMAU vs ZAUG PMAU vs UAUG PMAU vs DJUL PMAU vs PAUG

SPY →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →CTAU on its own →PMAU on its own →How every figure is computed →Standards and sources →

Where these figures came from

CTAU filings on SEC EDGAR ↗Corgi website ↗PMAU filings on SEC EDGAR ↗PGIM website ↗

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, CTAU against PMAU, data as of Oct 9, 2026. https://etfiq.com/compare/buffer/ctau-vs-pmau

Open data

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