Data as of .
DAUG vs PBSE: which one stands where?
As of Sep 21, 2026 DAUG can fall 6.4% before its buffer engages and PBSE 1.0%, and DAUG resets 11 days sooner.
ETFIQ Downside Cover Score: PBSE scores higher
If the market falls into a bear market from here, how much does the buffer absorb?
A percentile among the 293 buffer ETFs with a live outcome period. It is a position in a set, not a rating, and neither end of it is a recommendation. All buffer ETFs ranked by it · How it is computed
Where each one stands today
DAUG resets first, on Aug 20, 2027, 333 days from now; PBSE runs to Aug 31, 2027, 344 days. DAUG can still gain 12.3% before its cap, PBSE 11.3%. A fall from here reaches DAUG’s buffer after 6.4% and PBSE’s after 1.0%. Both track SPY, so what separates them is where each is in its own period.
Every figure is ETFIQ’s own, from the issuer’s published outcome-period terms. A buffer ETF holds FLEX options on its reference index rather than shares, so there is no holdings overlap between two of them to report.
Performance, window by window
| Window | Total return | Gap to the reference | ||
|---|---|---|---|---|
| DAUG | PBSE | DAUG | PBSE | |
| 3 months | +1.5% | +1.6% | −0.7 pts | −0.6 pts |
| 6 months | +9.2% | +7.7% | −8.8 pts | −10.4 pts |
| 1 year | +9.1% | +8.4% | −7.5 pts | −8.2 pts |
| 3 years | +40.8% | not published | −37.6 pts | not published |
| 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 | 333 | 344 |
| Starting cap | +13.8% | +12.3% |
| Can still gain | 12.3% | 11.3% |
| Fall before buffer | 6.4% | 1.0% |
| Protection left, index points | 25.0% of 25.0% | 20.0% of 20.0% |
| Index return this period | +1.1% | +0.9% |
| Fund return this period | +0.6% | +0.5% |
| State today | Open | Open |
| Expense ratio | 0.85% | 0.50% |
| Net assets | $431m | $44m |
DAUG in plain words
From its price on Sep 21, 2026, the fund can gain about 12.3% more before it reaches its cap. The fund's price can fall 6.4% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 6.0% 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. 333 days remained on Sep 21, 2026. On Aug 20, 2027 the period ends and a new cap is set.
PBSE in plain words
From its price on Sep 21, 2026, the fund can gain about 11.3% more before it reaches its cap. The fund's price can fall 1.0% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 0.9% 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. 344 days remained on Sep 21, 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 Sep 21, 2026, DAUG can gain about 12.3% before its cap and PBSE about 11.3%, 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
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, DAUG against PBSE, data as of Sep 21, 2026. https://etfiq.com/compare/buffer/daug-vs-pbse Free to use with attribution; the underlying files are at Open data.