Data as of Nov 4, 2026.
AUGP vs CPSA: Cap, Buffer & Days Left
As of Nov 4, 2026 AUGP can fall 2.8% before its buffer engages and CPSA 1.3%, and CPSA resets 1 day sooner.
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Net assets on Nov 4, 2026: $38m for PGIM S&P 500 Buffer 12 ETF - August and $50m for Calamos S&P 500 Structured Alt Protection ETF - August.
AUGP: reference +2.6% since period start, fund +2.4%; buffer 0 to −12; cap +15.7%; Between buffer and cap. Data to Nov 4, 2026.
AUGP: reference +2.6% since period start, fund +2.4%; buffer 0 to −12; cap +15.7%; Between buffer and cap. Data to Nov 4, 2026.CPSA: reference +1.2% since period start, fund +1.2%; buffer Floor; cap +7.8%; Full floor. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
AUGP costs 0.19 points a year less; their one-year returns differ by 6.0 points; CPSA is 1.3 times larger.
Points (pts) are percentage points.
| Measure | AUGP | CPSA |
|---|---|---|
| Return | ||
| Total return, 1 year | +11.8% | +5.8% |
| Drawdown | ||
| Index fall to the buffer | 2.6% | 1.2% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.50% | 0.69% |
| Net assets | $38m | $50m |
| Holdings | ||
| Holdings in common | not published | |
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | AUGP | CPSA | AUGP | CPSA |
| 3 months | +0.7% | +0.6% | +1.1 pts | +1.0 pts |
| 6 months | +5.2% | +2.6% | +0.8 pts | −1.9 pts |
| 1 year | +11.8% | +5.8% | −1.7 pts | −7.8 pts |
| Since launchNot the same days: AUGP May 2024 · CPSA Aug 2024 | +36.4% | +16.6% | −10.8 pts | −24.6 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. CPSA is a floor fund, which caps how far a holder can fall. AUGP 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
CPSA resets first, on Jul 30, 2027, 268 days from now; AUGP runs to Jul 31, 2027, 269 days. A fall from here reaches AUGP’s buffer after 2.8% and CPSA’s after 1.3%. Both track SPY, so what separates them is where each is in its own period.
AUGP
From its price on Nov 4, 2026, the fund can gain about 12.5% more before it reaches its cap. The fund's price can fall 2.8% 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: 12.0% of the 12.0% 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.
CPSA
The fund's price can fall 1.3% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 1.2% 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. 268 days remained on Nov 4, 2026. On Jul 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, AUGP against CPSA, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/augp-vs-cpsa
ETFIQ. (Nov 4, 2026). AUGP against CPSA. Retrieved from https://etfiq.com/compare/buffer/augp-vs-cpsa
[AUGP against CPSA (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/augp-vs-cpsa)
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