AJUL vs CPSJ: Cap, Buffer & Days Left
As of Oct 13, 2026 CPSJ can fall 1.7% before its buffer engages and AJUL 1.6%, and CPSJ resets 366 days sooner. Net assets on Oct 13, 2026: $98m for Innovator Equity Defined Protection ETF - Jul 2028 and $50m for Calamos S&P 500 ® Structured Alt Protection ETF - July.
CPSJ costs 0.10 points a year less; their one-year returns differ by 0.8 points; AJUL is 2.0 times larger.
Points (pts) are percentage points.
| AJUL | CPSJ | |
|---|---|---|
| Expense ratio | 0.79% | 0.69% |
| Net assets | $98m | $50m |
| Total return, 1 year | +6.4% | +5.6% |
| What it tracks | SPY | SPY |
| Holdings in common | not published | |
| Index fall to the buffer | 4.0% | 4.1% |
AJUL: reference +4.2% since period start, fund +1.4%; buffer Floor; cap +18.3%; Full floor. Figures to Oct 13, 2026.
Figures to Oct 13, 2026.
CPSJ: reference +4.3% since period start, fund +1.6%; buffer Floor; cap +7.7%; Full floor. Figures to Oct 13, 2026.
Figures to Oct 13, 2026.
They do not reset together. CPSJ has 260 days of its period left and AJUL has 626, so the two are not the same bet on the same months.
Where each one stands today
CPSJ resets first, on Jun 30, 2027, 260 days from now; AJUL runs to Jun 30, 2028, 626 days. A fall from here reaches AJUL’s buffer after 1.6% and CPSJ’s after 1.7%. Both track SPY, so what separates them is where each is in its own period.
Performance, window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | AJUL | CPSJ | AJUL | CPSJ |
| 3 months | +1.1% | +1.2% | −2.4 pts | −2.3 pts |
| 6 months | +2.9% | +3.2% | −9.1 pts | −8.9 pts |
| 1 year | +6.4% | +5.6% | −11.0 pts | −11.7 pts |
| Since launch AJUL Jul 2024 · CPSJ Jul 2024 | +17.8% | +17.0% | −24.9 pts | −25.7 pts |
Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Source: ETFIQ. Open this comparison in the app →
On the same fields
As of Oct 13, 2026. Source: ETFIQ.
About AJUL
From its price on Oct 13, 2026, the fund can gain about 16.5% 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 figure. In index terms, SPY can fall 4.0% from today's level to the point where the buffer begins. Protection left, in index points: 100.0% of the 100.0% buffer still sits below today's SPY level. 626 days remained on Oct 13, 2026. On Jun 30, 2028 the period ends and a new cap is set.
About CPSJ
The fund's price can fall 1.7% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 4.1% from today's level to the point where the buffer begins. 260 days remained on Oct 13, 2026. On Jun 30, 2027 the period ends and a new cap is set.
Questions people ask
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
ETFIQ calculates every figure 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 figure is an ETFIQ calculation with distributions reinvested.
Cite this pageCitation, APA and Markdown
ETFIQ, AJUL against CPSJ, data as of Oct 13, 2026. https://etfiq.com/compare/buffer/ajul-vs-cpsj
ETFIQ. (Oct 13, 2026). AJUL against CPSJ. Retrieved from https://etfiq.com/compare/buffer/ajul-vs-cpsj
[AJUL against CPSJ (ETFIQ, Oct 13, 2026)](https://etfiq.com/compare/buffer/ajul-vs-cpsj)
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