Data as of Nov 4, 2026.
FAUG vs SEPP: Cap, Buffer & Days Left
As of Nov 4, 2026 FAUG can fall 1.6% before its buffer engages and SEPP 1.1%, and FAUG resets 11 days sooner.
askIQ about this page
askIQ about FAUG and SEPP
Net assets: $1.4bn on Nov 3, 2026 for FT Vest U.S. Equity Buffer ETF - August, and $91m on Nov 4, 2026 for PGIM S&P 500 Buffer 12 ETF - September.
FAUG: reference +0.1% since period start, fund +0.7%; buffer 0 to −10; cap +17.2%; Between buffer and cap. Data to Nov 4, 2026.
FAUG: reference +0.1% since period start, fund +0.7%; buffer 0 to −10; cap +17.2%; Between buffer and cap. Data to Nov 4, 2026.SEPP: reference 0.0% since period start, fund +0.6%; buffer 0 to −12; cap +15.9%; Buffer working. Data to Nov 4, 2026.
SEPP: reference 0.0% since period start, fund +0.6%; buffer 0 to −12; cap +15.9%; Buffer working. Data to Nov 4, 2026.Pair scorecard
SEPP costs 0.35 points a year less; their one-year returns differ by 0.2 points; FAUG is 15.4 times larger.
Points (pts) are percentage points.
| Measure | FAUG | SEPP |
|---|---|---|
| Return | ||
| Total return, 1 year | +11.1% | +10.9% |
| Drawdown | ||
| Index fall to the buffer | 0.1% | 0.0% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.85% | 0.50% |
| Net assets, as of Nov 3, 2026 | $1.4bn | $91m |
| Holdings | ||
| Holdings in common | not published | |
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
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 →
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | FAUG | SEPP | FAUG | SEPP |
| 3 months | +1.0% | +1.1% | +1.4 pts | +1.5 pts |
| 6 months | +4.4% | +4.3% | −0.1 pts | −0.2 pts |
| 1 year | +11.1% | +10.9% | −2.5 pts | −2.7 pts |
| 3 years | +52.8% | – | −23.6 pts | – |
| Since launchNot the same days: FAUG Nov 2019 · SEPP May 2024 | +92.1% | +32.7% | −56.8 pts | −12.0 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
As of Nov 4, 2026. Source: ETFIQ.
Where each one stands today
FAUG resets first, on Aug 20, 2027, 289 days from now; SEPP runs to Aug 31, 2027, 300 days. FAUG can still gain 15.5% before its cap, SEPP 14.7%. A fall from here reaches FAUG’s buffer after 1.6% and SEPP’s after 1.1%. Both track SPY, so what separates them is where each is in its own period.
FAUG
From its price on Nov 4, 2026, the fund can gain about 15.5% more before it reaches its cap. The fund's price can fall 1.6% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 0.1% from today's level to the point where the buffer begins. Protection left, in index points: 10.0% of the 10.0% 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.
SEPP
From its price on Nov 4, 2026, the fund can gain about 14.7% more before it reaches its cap. The fund's price can fall 1.1% 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: 12.0% of the 12.0% 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
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, FAUG against SEPP, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/faug-vs-sepp
ETFIQ. (Nov 4, 2026). FAUG against SEPP. Retrieved from https://etfiq.com/compare/buffer/faug-vs-sepp
[FAUG against SEPP (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/faug-vs-sepp)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.