Data as of Nov 4, 2026.
UAUG vs XJUL: Cap, Buffer & Days Left
As of Nov 4, 2026 UAUG can fall 7.1% before its buffer engages and XJUL 3.6%, and XJUL resets 15 days sooner.
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Net assets: $247m on Nov 4, 2026 for Innovator U.S. Equity Ultra Buffer ETF - Aug, and $42m on Nov 3, 2026 for FT Vest U.S. Equity Enhance & Moderate Buffer ETF - July.
UAUG: reference +2.6% since period start, fund +2.0%; buffer −5 to −35; cap +14.0%; Between buffer and cap. Data to Nov 4, 2026.
UAUG: reference +2.6% since period start, fund +2.0%; buffer −5 to −35; cap +14.0%; Between buffer and cap. Data to Nov 4, 2026.XJUL: reference +3.1% since period start, fund +2.9%; buffer 0 to −15; cap +11.4%; Between buffer and cap. Data to Nov 4, 2026.
XJUL: reference +3.1% since period start, fund +2.9%; buffer 0 to −15; cap +11.4%; Between buffer and cap. Data to Nov 4, 2026.Pair scorecard
UAUG costs 0.06 points a year less; their one-year returns differ by 0.6 points; UAUG is 5.8 times larger.
Points (pts) are percentage points.
| Measure | UAUG | XJUL |
|---|---|---|
| Return | ||
| Total return, 1 year | +9.7% | +9.1% |
| Drawdown | ||
| Index fall to the buffer | 7.4% | 3.1% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.79% | 0.85% |
| Net assets, as of Nov 3, 2026 | $245m | $42m |
| Holdings | ||
| Holdings in common | not published | |
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | UAUG | XJUL | UAUG | XJUL |
| 3 months | +0.7% | +1.3% | +1.1 pts | +1.7 pts |
| 6 months | +4.4% | +4.3% | −0.1 pts | −0.2 pts |
| 1 year | +9.7% | +9.1% | −3.9 pts | −4.5 pts |
| 3 years | +49.6% | +37.3% | −26.8 pts | −39.1 pts |
| Since launchNot the same days: UAUG Aug 2019 · XJUL Jul 2023 | +74.2% | +36.2% | −85.9 pts | −32.7 pts |
Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Open this comparison in the app →
Side by side
As of Nov 4, 2026. Source: ETFIQ.
These are two different products. XJUL is a floor fund, which caps how far a holder can fall. UAUG 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
XJUL resets first, on Jul 16, 2027, 254 days from now; UAUG runs to Jul 31, 2027, 269 days. UAUG can still gain 11.5% before its cap, XJUL 7.5%. A fall from here reaches UAUG’s buffer after 7.1% and XJUL’s after 3.6%. Both track SPY, so what separates them is where each is in its own period.
UAUG
From its price on Nov 4, 2026, the fund can gain about 11.5% more before it reaches its cap. The fund's price can fall 7.1% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 7.4% 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. 269 days remained on Nov 4, 2026. On Jul 31, 2027 the period ends and a new cap is set.
XJUL
From its price on Nov 4, 2026, the fund can gain about 7.5% more before it reaches its cap. The fund's price can fall 3.6% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 3.1% from today's level to the point where the buffer begins. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level. 254 days remained on Nov 4, 2026. On Jul 16, 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
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.
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ETFIQ, UAUG against XJUL, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/uaug-vs-xjul
ETFIQ. (Nov 4, 2026). UAUG against XJUL. Retrieved from https://etfiq.com/compare/buffer/uaug-vs-xjul
[UAUG against XJUL (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/uaug-vs-xjul)
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