{"url":"https://etfiq.com/compare/buffer/sepp-vs-sepw","section":"compare","title":"SEPP vs SEPW: Cap, Buffer & Days Left | ETFIQ","description":"As of Nov 4, 2026 SEPP can gain 14.7% before its cap and SEPW 10.9%. Each can fall 1.1% and 1.4% before its buffer engages, on SPY.","as_of":"Nov 4, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which has more room to gain, SEPP or SEPW?","acceptedAnswer":{"@type":"Answer","text":"From their prices on Nov 4, 2026, SEPP can gain about 14.7% before its cap and SEPW about 10.9%, so SEPP has more room left this period."}},{"@type":"Question","name":"Which resets first, SEPP or SEPW?","acceptedAnswer":{"@type":"Answer","text":"SEPP ends its outcome period on Aug 31, 2027 and SEPW on Aug 31, 2027. A new cap is set the day after each."}},{"@type":"Question","name":"Which is cheaper, SEPP or SEPW?","acceptedAnswer":{"@type":"Answer","text":"SEPP charges 0.50% a year and SEPW charges 0.74%, so SEPP is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Buffer ETFs","item":"https://etfiq.com/buffer/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"SEPP vs SEPW","item":"https://etfiq.com/compare/buffer/sepp-vs-sepw"}]},{"@type":"WebPage","name":"SEPP vs SEPW: Cap, Buffer & Days Left","description":"As of Nov 4, 2026 SEPP can gain 14.7% before its cap and SEPW 10.9%. Each can fall 1.1% and 1.4% before its buffer engages, on SPY.","url":"https://etfiq.com/compare/buffer/sepp-vs-sepw","dateModified":"2026-11-04","abstract":"As of Nov 4, 2026 SEPW can fall 1.4% before its buffer engages and SEPP 1.1%.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of SEPP and SEPW","description":"As of Nov 4, 2026 SEPP can gain 14.7% before its cap and SEPW 10.9%. Each can fall 1.1% and 1.4% before its buffer engages, on SPY.","dateModified":"2026-11-04","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/buffer/sepp-vs-sepw","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/funds.json"}],"variableMeasured":["Remaining cap","Fall before the buffer engages","Protection left in index points","Starting buffer","Outcome period","Reference index return","Fund return","Days remaining","Expense ratio"],"keywords":["exchange-traded funds","ETF","Buffer ETFs","fund data","SEC filings"]}],"characters":6522,"truncated":true,"content":"ETFIQ / Buffer ETFs / Compare ETFs / SEPP vs SEPW \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Nov 4, 2026 .\n\n SEPP vs SEPW: Cap, Buffer & Days Left\n\n As of Nov 4, 2026 SEPW can fall 1.4% before its buffer engages and SEPP 1.1%.\n Copy this for sharing \n \n SEPP costs 0.24 points a year less; their one-year returns differ by 2.8 points; SEPW is 2.3 times larger.\n SEPP and SEPW at a glance. As of Nov 4, 2026. Source: ETFIQ. SEPP SEPW \n Expense ratio 0.50% 0.74% \n Net assets, as of Nov 3, 2026 $91m $211m \n Total return, 1 year +10.9% +8.1% \n What it tracks SPY SPY \n Holdings in common no","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, SEPP against SEPW, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/sepp-vs-sepw","a":{"ticker":"SEPP","name":"PGIM S&P 500 Buffer 12 ETF - September","issuer":"PGIM","desk":"buffer","as_of":"2026-11-04","verdict":"Since Sep 1, 2026, SEPP returned 0.6%, against SPY's 0.0% price return. 12.0% of its 12.0% buffer is left.","url":"https://etfiq.com/funds/sepp","key_facts":[{"label":"Can still gain from today\u2019s fund price","value":"14.7%","as_of":"2026-11-04","source":null},{"label":"Fall before the buffer from today\u2019s fund price","value":"1.1%","as_of":"2026-11-04","source":null},{"label":"Protection left, index points","value":"12.0%","as_of":"2026-11-04","source":null},{"label":"Days to reset","value":"300","as_of":"2026-11-04","source":null},{"label":"Net assets","value":"$91m","as_of":"2026-11-04","source":"issuer page, as of Nov 4, 2026"},{"label":"Expense ratio","value":"0.50%","as_of":"2026-11-04","source":"issuer data, Nov 4, 2026"}]},"b":{"ticker":"SEPW","name":"AllianzIM U.S. Equity Buffer20 ETF - Sep","issuer":"AllianzIM","desk":"buffer","as_of":"2026-11-04","verdict":"Since Sep 1, 2026, SEPW returned 0.6%, against SPY's 0.0% price return. 20.0% of its 20.0% buffer is left.","url":"https://etfiq.com/funds/sepw","key_facts":[{"label":"Can still gain from today\u2019s fund price","value":"10.9%","as_of":"2026-11-04","source":null},{"label":"Fall before the buffer from today\u2019s fund price","value":"1.4%","as_of":"2026-11-04","source":null},{"label":"Protection left, index points","value":"20.0%","as_of":"2026-11-04","source":null},{"label":"Days to reset","value":"300","as_of":"2026-11-04","source":null},{"label":"Net assets","value":"$211m","as_of":"2026-11-03","source":"issuer page, as of Nov 3, 2026"},{"label":"Expense ratio","value":"0.74%","as_of":"2026-11-04","source":"issuer page, Nov 4, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/buffer/sepp-vs-sepw"}