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CAUG vs GSEP

Corgi U.S. Equities 15% Structured Buffer ETF - August Series

CAUGCCboe

FT Vest U.S. Equity Moderate Buffer ETF - September

GSEPCCboe

Overlap

Expense ratio

CAUG −0.55pt a year

CAUG0.30%GSEP0.85%

Avg volume · 30D

GSEP 116.3×the volume

CAUG410GSEP47.7K

CAUG vs GSEP Performance

Sep 30, 2026 – Oct 30, 2026

−0.4%CAUG−0.3%GSEP

Sep 30, 2026 to Oct 30, 2026. CAUG −0.4%. GSEP −0.3%. Use the arrow keys to read each point.0%0.25%0.5%0.75%1%1.25%Sep 30Oct 15Oct 30
Expense ratio
CAUG 0.30%, better
GSEP 0.85%
Fund size
CAUG $1M
GSEP $367M
1Y total return
CAUG No data
GSEP +9.4%
Holdings
CAUG 4
GSEP 3
Avg volume (30D)
CAUG 410 sh
GSEP 47.7K sh, better
NAV per share
CAUG $25.21
GSEP $42.14
52W range

ETF.net Grade

CAUG: Cost 83, Risk 48, Mission not scored, Tradability 14, Holdings not scored, Durability 2. GSEP: Cost 13, Risk 54, Mission 92, Tradability 73, Holdings 52, Durability 77.
Pillar letters and Scores for CAUG, GSEP, with each pillar’s weight
PillarCAUGGSEP
Cost30% weightA83HigherF13
Mission25% weightNot scoredA92
Risk15% weightC48C54Higher
Tradability15% weightF14A73Higher
Holdings10% weightNot scoredC52
Durability5% weightF2A77Higher

Rank among S&P 500 Buffer 15% funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. CAUG and GSEP are both graded against the same 51 S&P 500 Buffer 15% funds, so their Grades compare head to head.

S&P 500 Buffer 15%⁠

Category · 51 funds
See all 51 ›

GSEP ranks 25th and CAUG 33rd of 51 funds in the S&P 500 Buffer 15% Category.

  1. Rank 25CGMAYFT Vest U.S. Equity Moderate Buffer ETF - MayScore 42
  2. Rank 25CGSEPFT Vest U.S. Equity Moderate Buffer ETF - SeptemberScore 42
  3. Rank 25CJULUAllianzIM U.S. Equity Buffer15 Uncapped Jul ETFScore 42
  4. Rank 30CGJANFT Vest U.S. Equity Moderate Buffer ETF - JanuaryScore 41
  5. Rank 33CCAUGCorgi U.S. Equities 15% Structured Buffer ETF - August SeriesScore 40
  6. Rank 33CCJULCorgi U.S. Equities 15% Structured Buffer ETF - July SeriesScore 40

Our read on each fund

ETF.net Research

CAUGCCorgi U.S. Equities 15% Structured Buffer ETF - August Series

GSEPCFT Vest U.S. Equity Moderate Buffer ETF - September

In short

CAUG No data

GSEP A one-year hedge on a September clock: GSEP absorbs the first 15% of the decline in the big S&P 500 ETF it references, and trades that cushion for a cap on the upside. It's the September rung of First Trust's twelve-month moderate buffer ladder.

Stated mandate

CAUG No data

GSEP The Fund seeks to match the price return of the State Street® SPDR® S&P 500® ETF Trust, subject to a predetermined upside cap and protection against the first 15% of losses during the stated outcome period.

Why people hold it

CAUG No data

  • GSEP The cushion is written into the strategy, not left to a manager's judgment: the first 15% of the reference ETF's price decline over the outcome period is absorbed by the options package.ftportfolios.com
  • Eleven dated siblings (GJAN through GDEC) run the same 15% recipe on different start months, so entries can be staggered instead of hinging on one September reset.
  • It references SPY itself rather than an index, and holds a few hundred million dollars with steady two-way trading, so getting in and out is among the smoother experiences in its buffer group.

Worth knowing

CAUG No data

  • GSEP 0.85% a year, above what the typical fund in this buffer group charges. That fee comes out of an upside that is capped to begin with.
  • The mandate follows SPY's price return, so S&P 500 dividends are not part of your return. That forgone income is part of what funds the buffer.
  • Buffer and cap are set for a full outcome period, September to September. Buy mid-period and you get whatever cushion and headroom remain, not the headline terms.

Full CAUG profile⁠

Full GSEP profile⁠

CAUG vs GSEP Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CAUG vs GSEP Cost

Overpaying GSEP vs CAUG

$10,050

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • CAUG 0.30%

    $6,149

  • GSEP 0.85%

    $16,199

$10,000
30 years

Cost over time

  • CAUG 0.30%
  • GSEP 0.85%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530GSEP $16,199CAUG $6,149

Year by year

YearCAUGGSEPOverpaying
10$545$1,508$963
20$2,113$5,706$3,593
30$6,149$16,199$10,050

Expense ratio

  • 0.30%CAUG, cheaper
  • 0.85%GSEP
  • Middle half of S&P 500 Buffer 15% funds
  • Median 0.79%

CAUG cheapest of 51 funds

GSEP 37th cheapest of 51 funds

CAUG vs GSEP Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
CAUG None
GSEP None

Distribution history

CAUGAll CAUG payments⁠

No distribution history available.

GSEPAll GSEP payments⁠

No distribution history available.

CAUG vs GSEP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CAUG No dataGSEP 5.8%
Return per unit of riskSharpe ratio, 3 years
CAUG No dataGSEP 1.36
Worst fallMax drawdown, 5 years
CAUG No dataGSEP −10.1%since Sep 2023
Market sensitivityBeta, 5 years
CAUG 0.00GSEP 0.46

CAUG and GSEP in the news

All news⁠

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