Data as of Nov 4, 2026.
AJUL vs CPSJ: Cap, Buffer & Days Left
As of Nov 4, 2026 CPSJ can fall 1.7% before its buffer engages and AJUL 1.6%, and CPSJ resets 366 days sooner.
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Net assets on Nov 4, 2026: $99m for Innovator Equity Defined Protection ETF - Jul 2028 and $51m for Calamos S&P 500 Structured Alt Protection ETF - July.
AJUL: reference +2.6% since period start, fund +1.4%; buffer Floor; cap +18.3%; Full floor. Data to Nov 4, 2026.
Data to Nov 4, 2026.CPSJ: reference +2.8% since period start, fund +1.5%; buffer Floor; cap +7.7%; Full floor. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
CPSJ costs 0.10 points a year less; their one-year returns differ by 0.7 points; AJUL is 1.9 times larger.
Points (pts) are percentage points.
| Measure | AJUL | CPSJ |
|---|---|---|
| Return | ||
| Total return, 1 year | +6.0% | +5.3% |
| Drawdown | ||
| Index fall to the buffer | 2.6% | 2.7% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.79% | 0.69% |
| Net assets | $99m | $51m |
| Holdings | ||
| Holdings in common | not published | |
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | AJUL | CPSJ | AJUL | CPSJ |
| 3 months | +0.2% | +0.7% | +0.6 pts | +1.0 pts |
| 6 months | +2.0% | +2.2% | −2.4 pts | −2.2 pts |
| 1 year | +6.0% | +5.3% | −7.5 pts | −8.2 pts |
| Since launchAJUL Jul 2024 · CPSJ Jul 2024 | +17.7% | +16.9% | −22.9 pts | −23.7 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.
They do not reset together. CPSJ has 238 days of its period left and AJUL has 604, so the two are not the same bet on the same months.
Where each one stands today
CPSJ resets first, on Jun 30, 2027, 238 days from now; AJUL runs to Jun 30, 2028, 604 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.
AJUL
From its price on Nov 4, 2026, the fund can gain about 16.4% 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 2.6% 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. 604 days remained on Nov 4, 2026. On Jun 30, 2028 the period ends and a new cap is set.
CPSJ
The fund's price can fall 1.7% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 2.7% from today's level to the point where the buffer begins. 238 days remained on Nov 4, 2026. On Jun 30, 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.
Cite this pageCitation, APA and Markdown
ETFIQ, AJUL against CPSJ, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/ajul-vs-cpsj
ETFIQ. (Nov 4, 2026). AJUL against CPSJ. Retrieved from https://etfiq.com/compare/buffer/ajul-vs-cpsj
[AJUL against CPSJ (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/ajul-vs-cpsj)
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