Which resets first, AUGT or CPSJ?

AUGT ends its outcome period on Jul 31, 2027 and CPSJ on Jul 1, 2027. A new cap is set the day after each.

Which is cheaper, AUGT or CPSJ?

AUGT charges 0.74% a year and CPSJ charges 0.69%, so CPSJ is cheaper. Fees come from each fund's prospectus.

AUGT vs CPSJ: which one stands where?

As of Oct 1, 2026 AUGT can fall 2.5% before its buffer engages and CPSJ 1.1%, and CPSJ resets 30 days sooner. AllianzIM U.S. Equity Buffer10 ETF - Aug and Calamos S&P 500 ® Structured Alt Protection ETF - July.

AUGTBetween buffer and cap

AUGT: reference +2.1% since period start, fund +1.8%; buffer 0 to −10; cap +17.1%; Between buffer and cap.

CPSJFull floor

CPSJ: reference +2.3% since period start, fund +1.0%; buffer −0 to floor; cap +7.6%; Full floor.

These are two different products. CPSJ is a floor fund, which caps how far a holder can fall. AUGT is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.

They do not reset together. CPSJ has 273 days of its period left and AUGT has 303, so the two are not the same bet on the same months.

Where each one stands today

CPSJ resets first, on Jul 1, 2027, 273 days from now; AUGT runs to Jul 31, 2027, 303 days. A fall from here reaches AUGT’s buffer after 2.5% and CPSJ’s after 1.1%. Both track SPY, so what separates them is where each is in its own period.

Every figure is ETFIQ’s own, from the issuer’s published outcome-period terms. A buffer ETF holds FLEX options on its reference index rather than shares, so there is no holdings overlap between two of them to report.

Performance, window by window

	Total return		Gap to the reference
Window	AUGT	CPSJ	AUGT	CPSJ
3 months	+2.7%	+1.0%	+0.2 pts	−1.5 pts
6 months	+11.7%	+3.7%	−5.3 pts	−13.3 pts
1 year	+12.2%	+5.2%	−3.5 pts	−10.5 pts
3 years	+63.9%	not published	−21.1 pts	not published

AUGT and CPSJ over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

AUGT

AllianzIM U.S. Equity Buffer10 ETF - Aug · Absorbs the first 10% of loss on SPY and caps the gain at 17.1%, over a period ending Jul 31, 2027

CPSJ

Calamos S&P 500 ® Structured Alt Protection ETF - July · Absorbs losses from 0.1% to 100.0% on SPY and caps the gain at 7.6%, over a period ending Jul 1, 2027

Issuer AllianzIM Calamos

Reference index SPY SPY

Buffer 10% 0% to 100%

Outcome period Aug 1, 2026 to Jul 31, 2027 Jul 1, 2026 to Jul 1, 2027

Days left 303 273

Starting cap +17.1% +7.6%

Can still gain 14.3% not published

Fall before buffer 2.5% 1.1%

Protection left, index points 10.0% of 10.0% 99.9% of 99.9%

Index return this period +2.1% +2.3%

Fund return this period +1.8% +1.0%

State today Open Open

Expense ratio 0.74% 0.69%

Net assets $35m $50m

AUGT and CPSJ on the same fields, as of Oct 1, 2026. Source: ETFIQ.

AUGT in plain words

From its price on Oct 1, 2026, the fund can gain about 14.3% more before it reaches its cap. The fund's price can fall 2.5% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 2.0% from today's level to the point where the buffer begins. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's SPY level. 303 days remained on Oct 1, 2026. On Jul 31, 2027 the period ends and a new cap is set.

CPSJ in plain words

The fund's price can fall 1.1% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 2.3% from today's level to the point where the buffer begins. Protection left, in index points: 99.9% of the 99.9% buffer still sits below today's SPY level. 273 days remained on Oct 1, 2026. On Jul 1, 2027 the period ends and a new cap is set.

Questions people ask

Which resets first, AUGT or CPSJ?: AUGT ends its outcome period on Jul 31, 2027 and CPSJ on Jul 1, 2027. A new cap is set the day after each.
Which is cheaper, AUGT or CPSJ?: AUGT charges 0.74% a year and CPSJ charges 0.69%, so CPSJ is cheaper. Fees come from each fund's prospectus.

Other comparisons

AUGT vs PMAU AUGT vs UAUG AUGT vs XJUL AUGT vs ZAUG CPSJ vs DDTL CPSJ vs DJUL CPSJ vs DJUN CPSJ vs FJUL

SPDR® S&P 500® ETF Trust →AUGT on its own →CPSJ on its own →How every figure is computed →Standards and sources →

Where these figures came from

AUGT filings on SEC EDGAR ↗AllianzIM page for AUGT ↗CPSJ filings on SEC EDGAR ↗Calamos website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, AUGT against CPSJ, data as of Oct 1, 2026. https://etfiq.com/compare/buffer/augt-vs-cpsj

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.