CPNJ vs QJN: Cap, Buffer & Days Left

As of Oct 9, 2026 CPNJ can fall 1.3% before its buffer engages and QJN 1.1%, and CPNJ resets 3 days sooner. Net assets on Oct 9, 2026: $45m for Calamos Nasdaq-100 ® Structured Alt Protection ETF - June and $1m for Corgi Growth & Technology 10% Structured Buffer ETF.

QJN costs 0.39 points a year less; CPNJ is far larger, $45m against $1m.

CPNJQJN
Expense ratio0.69%0.30%
Net assets$45m$1m
Total return, 1 year+4.7%not published
What it tracksQQQQQQ
Holdings in commonnot published
CPNJFull floor
Full floorCPNJ: reference +1.1% since period start, fund +1.2%; buffer Floor; cap +8.0%; Full floor. Figures to Oct 9, 2026.full floor beneathfull floor0% period start+8.0% cap+1.1% gain captured+6.8% more to the capTODAY · QQQ +1.1%Full floorCPNJ: reference +1.1% since period start, fund +1.2%; buffer Floor; cap +8.0%; Full floor. Figures to Oct 9, 2026.full floor beneathfull floor0% start+8.0% cap+1.1% gain captured+6.8% more to the capTODAY · QQQ +1.1%

CPNJ: reference +1.1% since period start, fund +1.2%; buffer Floor; cap +8.0%; Full floor. Figures to Oct 9, 2026.

Figures to Oct 9, 2026.

QJNBetween buffer and cap
Between buffer and capQJN: reference +1.1% since period start, fund +2.7%; buffer 0 to −10; cap +21.9%; Between buffer and cap. Figures to Oct 9, 2026.10 pts+20.8% more to the cap−10.0% floor0% period start+21.9% cap+1.1% gain capturedTODAY · QQQ +1.1%Between buffer and capQJN: reference +1.1% since period start, fund +2.7%; buffer 0 to −10; cap +21.9%; Between buffer and cap. Figures to Oct 9, 2026.−10.0% floor0% start+21.9% cap10 pts of buffer+1.1% gain captured+20.8% more to the capTODAY · QQQ +1.1%

QJN: reference +1.1% since period start, fund +2.7%; buffer 0 to −10; cap +21.9%; Between buffer and cap. Figures to Oct 9, 2026.

QJN: reference +1.1% since period start, fund +2.7%; buffer 0 to −10; cap +21.9%; Between buffer and cap. Figures to Oct 9, 2026.

These are two different products. CPNJ is a floor fund, which caps how far a holder can fall. QJN 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

CPNJ resets first, on May 28, 2027, 231 days from now; QJN runs to May 31, 2027, 234 days. A fall from here reaches CPNJ’s buffer after 1.3% and QJN’s after 1.1%. Both track QQQ, so what separates them is where each is in its own period.

Performance, window by window

Total returnGap to the reference's price return
WindowCPNJQJNCPNJQJN
3 months+1.3%+3.5%−2.3 pts−0.1 pts
6 months+2.2%not published−20.8 ptsnot published
1 year+4.7%not published−18.3 ptsnot published

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

CPNJ
Calamos Nasdaq-100 ® Structured Alt Protection ETF - June · Absorbs the whole loss on QQQ and caps the gain at 8.0%, over a period ending May 28, 2027
QJN
Corgi Growth & Technology 10% Structured Buffer ETF · Absorbs the first 10% of loss on QQQ and caps the gain at 21.9%, over a period ending May 31, 2027
Issuer Calamos Corgi
Reference index QQQ QQQ
Buffer 100% 10%
Outcome period Jun 1, 2026 to May 28, 2027 Jun 1, 2026 to May 31, 2027
Days left 231 234
Starting cap +8.0% +21.9%
Can still gain not published not published
Fall before buffer 1.3% 1.1%
Protection left, index points 100.0% of 100.0% 10.0% of 10.0%
Index return this period +1.1% +1.1%
Fund return this period +1.2% +2.7%
State today Open Open
Expense ratio 0.69% 0.30%
Net assets $45m $1m

As of Oct 9, 2026. Source: ETFIQ.

CPNJ in plain words

The fund's price can fall 1.3% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, QQQ can fall 1.1% 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 QQQ level. 231 days remained on Oct 9, 2026. On May 28, 2027 the period ends and a new cap is set.

QJN in plain words

The fund's price can fall 1.1% from here before the buffer starts absorbing losses, by the issuer's figure. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's QQQ level. 234 days remained on Oct 9, 2026. On May 31, 2027 the period ends and a new cap is set.

Questions people ask

Which resets first, CPNJ or QJN?
CPNJ ends its outcome period on May 28, 2027 and QJN on May 31, 2027. A new cap is set the day after each.
Which is cheaper, CPNJ or QJN?
CPNJ charges 0.69% a year and QJN charges 0.30%, so QJN is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from

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 page

ETFIQ, CPNJ against QJN, data as of Oct 9, 2026. https://etfiq.com/compare/buffer/cpnj-vs-qjn

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.