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Data as of Nov 4, 2026.

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Buffer ETFs

DAUG vs PBSE: Cap, Buffer & Days Left

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As of Nov 4, 2026 DAUG can fall 6.3% before its buffer engages and PBSE 1.2%, and DAUG resets 11 days sooner.

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Net assets: $445m on Nov 3, 2026 for FT Vest U.S. Equity Deep Buffer ETF - August, and $50m on Nov 4, 2026 for PGIM S&P 500 Buffer 20 ETF - September .

DAUG on its own →PBSE on its own →
At a glance
6.3%
DAUG can fall this far before its buffer
1.2%
PBSE can fall this far before its buffer
12.3%
DAUG can still gain
11.1%
PBSE can still gain
DAUG Between buffer and cap
Between buffer and capDAUG: reference +0.1% since period start, fund +0.5%; buffer −5 to −30; cap +13.8%; Between buffer and cap. Data to Nov 4, 2026.25 pts of buffer+13.6% more to the cap−30.0% floor−5.0% buffer start0% period start+13.8% capfirst 5 pts are yours to lose+0.1% gain capturedTODAY · SPY +0.1%Between buffer and capDAUG: reference +0.1% since period start, fund +0.5%; buffer −5 to −30; cap +13.8%; Between buffer and cap. Data to Nov 4, 2026.25 pts of buffer−30.0% floor−5.0% buffer start0% start+13.8% capfirst 5 pts are yours to lose+0.1% gain captured+13.6% more to the capTODAY · SPY +0.1%

DAUG: reference +0.1% since period start, fund +0.5%; buffer −5 to −30; cap +13.8%; Between buffer and cap. Data to Nov 4, 2026.

DAUG: reference +0.1% since period start, fund +0.5%; buffer −5 to −30; cap +13.8%; Between buffer and cap. Data to Nov 4, 2026.
PBSE Buffer working
Buffer workingPBSE: reference 0.0% since period start, fund +0.7%; buffer 0 to −20; cap +12.3%; Buffer working. Data to Nov 4, 2026.20 of 20 pts of buffer left+12.3% more to the cap−20.0% floor0% period start+12.3% capTODAY · SPY 0.0%Buffer workingPBSE: reference 0.0% since period start, fund +0.7%; buffer 0 to −20; cap +12.3%; Buffer working. Data to Nov 4, 2026.20 pts−20.0% floor0% start+12.3% cap+12.3% more to the capTODAY · SPY 0.0%

PBSE: reference 0.0% since period start, fund +0.7%; buffer 0 to −20; cap +12.3%; Buffer working. Data to Nov 4, 2026.

PBSE: reference 0.0% since period start, fund +0.7%; buffer 0 to −20; cap +12.3%; Buffer working. Data to Nov 4, 2026.

Pair scorecard

PBSE costs 0.35 points a year less; their one-year returns differ by 0.5 points; DAUG is 8.9 times larger.

Points (pts) are percentage points.

DAUG vs PBSE: Cap, Buffer & Days Left
MeasureDAUGPBSE
Return
Total return, 1 year+9.0%+8.5%
Drawdown
Index fall to the buffer5.1%0.0%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.85%0.50%
Net assets, as of Nov 3, 2026$445m$50m
Holdings
Holdings in commonnot published
ETFIQ Downside Cover Score · PBSE scores higher If the market falls into a bear market from here, how much does the buffer absorb?
IQ Buffer Score69.7DAUG97.8PBSE

How much of a bear-market fall the buffer would absorb from today's level, ranked against 292 buffer ETFs on stocks with a live outcome period. 100 is best. How it is computed

0.3, the lowest in this set 99.7, the highest

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 →

Method

Window by window

Window by window: DAUG vs PBSE: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowDAUGPBSEDAUGPBSE
3 months+0.7%+1.0%+1.1 pts+1.4 pts
6 months+3.6%+3.5%−0.9 pts−1.0 pts
1 year+9.0%+8.5%−4.6 pts−5.0 pts
3 years+42.9%–−33.5 pts–
Since launchNot the same days: DAUG Nov 2019 · PBSE May 2024+58.3%+25.5%−90.5 pts−19.2 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. – means no data for this window. Open this comparison in the app →

Side by side

DAUG FT Vest U.S. Equity Deep Buffer ETF - August · Absorbs losses from 5.0% to 30.0% on SPY and caps the gain at 13.8%, over a period ending Aug 20, 2027 PBSE PGIM S&P 500 Buffer 20 ETF - September · Absorbs the first 20% of loss on SPY and caps the gain at 12.3%, over a period ending Aug 31, 2027
Issuer First Trust PGIM
Reference index SPY SPY
Buffer 5% to 30% 20%
Outcome period Aug 24, 2026 to Aug 20, 2027 Sep 1, 2026 to Aug 31, 2027
Days left 289 300
Starting cap +13.8% +12.3%
Can still gain 12.3% 11.1%
Fall before buffer 6.3% 1.2%
Protection left, index points 25.0% of 25.0% 20.0% of 20.0%
Index return this period +0.1% 0.0%
Fund return this period +0.5% +0.7%
State today Open Buffer working
Expense ratio 0.85% 0.50%
Net assets, DAUG as of Nov 3, 2026 and PBSE as of Nov 4, 2026 $445m $50m

As of Nov 4, 2026. Source: ETFIQ.

Where each one stands today

DAUG resets first, on Aug 20, 2027, 289 days from now; PBSE runs to Aug 31, 2027, 300 days. DAUG can still gain 12.3% before its cap, PBSE 11.1%. A fall from here reaches DAUG’s buffer after 6.3% and PBSE’s after 1.2%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
DAUG

From its price on Nov 4, 2026, the fund can gain about 12.3% more before it reaches its cap. The fund's price can fall 6.3% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 5.1% from today's level to the point where the buffer begins. Protection left, in index points: 25.0% of the 25.0% buffer still sits below today's SPY level. 289 days remained on Nov 4, 2026. On Aug 20, 2027 the period ends and a new cap is set.

PBSE

From its price on Nov 4, 2026, the fund can gain about 11.1% more before it reaches its cap. The fund's price can fall 1.2% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 0.0% 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. 300 days remained on Nov 4, 2026. On Aug 31, 2027 the period ends and a new cap is set.

Questions people ask

Which has more room to gain, DAUG or PBSE?
From their prices on Nov 4, 2026, DAUG can gain about 12.3% before its cap and PBSE about 11.1%, so DAUG has more room left this period.
Which resets first, DAUG or PBSE?
DAUG ends its outcome period on Aug 20, 2027 and PBSE on Aug 31, 2027. A new cap is set the day after each.
Which is cheaper, DAUG or PBSE?
DAUG charges 0.85% a year and PBSE charges 0.50%, so PBSE is cheaper. Fees come from each fund's prospectus.
Other comparisons
DAUG vs CPSTDAUG vs SEPTDAUG vs DDTSDAUG vs SEPPPBSE vs USEPPBSE vs SEPWPBSE vs SEPUPBSE vs PSEP
Where to next
State Street® SPDR® S&P 500® ETF Trust →DAUG on its own →PBSE on its own →Method →Standards and sources →
Sources and dates
DAUG filings on SEC EDGAR ↗
First Trust page for DAUG ↗
PBSE filings on SEC EDGAR ↗
PGIM website ↗

Links are sources, not endorsements. 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 number 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 number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, DAUG against PBSE, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/daug-vs-pbse

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