{"url":"https://etfiq.com/compare/buffer/cpnm-vs-qmfe","section":"compare","title":"CPNM vs QMFE: which one stands where? | ETFIQ","description":"As of Oct 1, 2026 QMFE can gain 3.8% before its cap and CPNM publishes no remaining cap. Each can fall 3.6% and 9.8% before its buffer engages, on QQQ.","as_of":"Oct 1, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which resets first, CPNM or QMFE?","acceptedAnswer":{"@type":"Answer","text":"CPNM ends its outcome period on Feb 27, 2027 and QMFE on Feb 19, 2027. A new cap is set the day after each."}},{"@type":"Question","name":"Which is cheaper, CPNM or QMFE?","acceptedAnswer":{"@type":"Answer","text":"CPNM charges 0.69% a year and QMFE charges 0.90%, so CPNM 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":"CPNM vs QMFE","item":"https://etfiq.com/compare/buffer/cpnm-vs-qmfe"}]},{"@type":"WebPage","name":"CPNM vs QMFE: which one stands where?","description":"As of Oct 1, 2026 QMFE can gain 3.8% before its cap and CPNM publishes no remaining cap. Each can fall 3.6% and 9.8% before its buffer engages, on QQQ.","url":"https://etfiq.com/compare/buffer/cpnm-vs-qmfe","dateModified":"2026-10-01","abstract":"As of Oct 1, 2026 QMFE can fall 9.8% before its buffer engages and CPNM 3.6%, and QMFE resets 7 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 CPNM and QMFE","description":"As of Oct 1, 2026 QMFE can gain 3.8% before its cap and CPNM publishes no remaining cap. Each can fall 3.6% and 9.8% before its buffer engages, on QQQ.","dateModified":"2026-10-01","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/buffer/cpnm-vs-qmfe","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":5494,"truncated":true,"content":"ETFIQ / Buffer ETFs / Head to head / CPNM vs QMFE \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 1, 2026 .\n\n CPNM vs QMFE: which one stands where?\n\n As of Oct 1, 2026 QMFE can fall 9.8% before its buffer engages and CPNM 3.6%, and QMFE resets 7 days sooner.\n Copy this for sharing \n \n Calamos Nasdaq-100 \u00ae Structured Alt Protection ETF - March and FT Vest Nasdaq-100\u00ae Moderate Buffer ETF - February.\n\n Download as PDF \n\n CPNM At its cap [CPNM: reference +21.6% since period start, fund +3.4%; buffer \u22120 to floor; cap +6.2%; At its cap.. At its cap] [CPNM: reference +21.6% since period st","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/cpnm-vs-qmfe","a":{"ticker":"CPNM","name":"Calamos Nasdaq-100 \u00ae Structured Alt Protection ETF - March","issuer":"Calamos","desk":"buffer","as_of":"2026-10-01","verdict":"As of Oct 1, 2026, CPNM has reached its cap.","url":"https://etfiq.com/funds/cpnm","key_facts":[{"label":"Fall before the buffer","value":"3.6%","as_of":"2026-10-01","source":null},{"label":"Protection left, index points","value":"99.6%","as_of":"2026-10-01","source":null},{"label":"Days to reset","value":"149","as_of":"2026-10-01","source":null},{"label":"Net assets","value":"$15m","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":"QQQ","as_of":"2026-10-01","source":null}]},"b":{"ticker":"QMFE","name":"FT Vest Nasdaq-100\u00ae Moderate Buffer ETF - February","issuer":"First Trust","desk":"buffer","as_of":"2026-09-30","verdict":"As of Sep 30, 2026, QMFE has reached its cap.","url":"https://etfiq.com/funds/qmfe","key_facts":[{"label":"Past the cap, price drift left","value":"3.8%","as_of":"2026-09-30","source":null},{"label":"Fall before the buffer","value":"9.8%","as_of":"2026-09-30","source":null},{"label":"Protection left, index points","value":"15.0%","as_of":"2026-09-30","source":null},{"label":"Days to reset","value":"142","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$45m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.90%","as_of":"2026-09-30","source":"issuer page, Sep 30, 2026"}]},"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/cpnm-vs-qmfe"}