{"url":"https://etfiq.com/compare/buffer/apxm-vs-cpsp","section":"compare","title":"APXM vs CPSP: which one stands where? | ETFIQ","description":"As of Oct 1, 2026 APXM can gain 3.6% before its cap and CPSP publishes no remaining cap. Each can fall 3.2% and 3.5% before its buffer engages, on SPY.","as_of":"Oct 1, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which resets first, APXM or CPSP?","acceptedAnswer":{"@type":"Answer","text":"APXM ends its outcome period on Apr 16, 2027 and CPSP on Apr 1, 2027. A new cap is set the day after each."}},{"@type":"Question","name":"Which is cheaper, APXM or CPSP?","acceptedAnswer":{"@type":"Answer","text":"APXM charges 0.85% a year and CPSP charges 0.69%, so CPSP 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":"APXM vs CPSP","item":"https://etfiq.com/compare/buffer/apxm-vs-cpsp"}]},{"@type":"WebPage","name":"APXM vs CPSP: which one stands where?","description":"As of Oct 1, 2026 APXM can gain 3.6% before its cap and CPSP publishes no remaining cap. Each can fall 3.2% and 3.5% before its buffer engages, on SPY.","url":"https://etfiq.com/compare/buffer/apxm-vs-cpsp","dateModified":"2026-10-01","abstract":"As of Oct 1, 2026 CPSP can fall 3.5% before its buffer engages and APXM 3.2%, and CPSP resets 16 days sooner.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of APXM and CPSP","description":"As of Oct 1, 2026 APXM can gain 3.6% before its cap and CPSP publishes no remaining cap. Each can fall 3.2% and 3.5% before its buffer engages, on SPY.","dateModified":"2026-10-01","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/buffer/apxm-vs-cpsp","license":"https://etfiq.com/standards/","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":5557,"truncated":true,"content":"ETFIQ / Buffer ETFs / Head to head / APXM vs CPSP \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 1, 2026 .\n\n APXM vs CPSP: which one stands where?\n\n As of Oct 1, 2026 CPSP can fall 3.5% before its buffer engages and APXM 3.2%, and CPSP resets 16 days sooner.\n Copy this for sharing \n \n FT Vest U.S. Equity Max Buffer ETF - April and Calamos S&P 500 \u00ae Structured Alt Protection ETF - April.\n\n Download as PDF \n\n APXM At its cap [APXM: reference +7.4% since period start, fund +2.4%; buffer 0 to \u221250; cap +7.0%; At its cap.. At its cap] [APXM: reference +7.4% since period start, fund +2.4%","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/","citation":"ETFIQ, as of Oct 1, 2026. https://etfiq.com/compare/buffer/apxm-vs-cpsp","a":{"ticker":"APXM","name":"FT Vest U.S. Equity Max Buffer ETF - April","issuer":"First Trust","desk":"buffer","as_of":"2026-09-30","verdict":"As of Sep 30, 2026, APXM has reached its cap.","url":"https://etfiq.com/funds/apxm","key_facts":[{"label":"Past the cap, price drift left","value":"3.6%","as_of":"2026-09-30","source":null},{"label":"Fall before the buffer","value":"3.2%","as_of":"2026-09-30","source":null},{"label":"Protection left, index points","value":"50.1%","as_of":"2026-09-30","source":null},{"label":"Days to reset","value":"198","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$22m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.85%","as_of":"2026-09-30","source":"issuer page, Sep 30, 2026"}]},"b":{"ticker":"CPSP","name":"Calamos S&P 500 \u00ae Structured Alt Protection ETF - April","issuer":"Calamos","desk":"buffer","as_of":"2026-10-01","verdict":"As of Oct 1, 2026, CPSP has reached its cap.","url":"https://etfiq.com/funds/cpsp","key_facts":[{"label":"Fall before the buffer","value":"3.5%","as_of":"2026-10-01","source":null},{"label":"Protection left, index points","value":"99.7%","as_of":"2026-10-01","source":null},{"label":"Days to reset","value":"182","as_of":"2026-10-01","source":null},{"label":"Net assets","value":"$24m","as_of":"2026-10-01","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.69%","as_of":"2026-10-01","source":"issuer page, Oct 1, 2026"},{"label":"Reference index","value":"SPY","as_of":"2026-10-01","source":null}]},"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/apxm-vs-cpsp"}