{"url":"https://etfiq.com/compare/buffer/cpnq-vs-pqja","section":"compare","title":"CPNQ vs PQJA: which one stands where? | ETFIQ","description":"As of Oct 1, 2026 PQJA can gain 3.5% before its cap and CPNQ publishes no remaining cap. Each can fall 5.6% and 11.5% before its buffer engages, on QQQ.","as_of":"Oct 1, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which resets first, CPNQ or PQJA?","acceptedAnswer":{"@type":"Answer","text":"CPNQ ends its outcome period on Dec 1, 2026 and PQJA on Dec 31, 2026. A new cap is set the day after each."}},{"@type":"Question","name":"Which is cheaper, CPNQ or PQJA?","acceptedAnswer":{"@type":"Answer","text":"CPNQ charges 0.69% a year and PQJA charges 0.50%, so PQJA 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":"CPNQ vs PQJA","item":"https://etfiq.com/compare/buffer/cpnq-vs-pqja"}]},{"@type":"WebPage","name":"CPNQ vs PQJA: which one stands where?","description":"As of Oct 1, 2026 PQJA can gain 3.5% before its cap and CPNQ publishes no remaining cap. Each can fall 5.6% and 11.5% before its buffer engages, on QQQ.","url":"https://etfiq.com/compare/buffer/cpnq-vs-pqja","dateModified":"2026-10-01","abstract":"As of Oct 1, 2026 PQJA can fall 11.5% before its buffer engages and CPNQ 5.6%, and CPNQ resets 31 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 CPNQ and PQJA","description":"As of Oct 1, 2026 PQJA can gain 3.5% before its cap and CPNQ publishes no remaining cap. Each can fall 5.6% and 11.5% before its buffer engages, on QQQ.","dateModified":"2026-10-01","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/buffer/cpnq-vs-pqja","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":5574,"truncated":true,"content":"ETFIQ / Buffer ETFs / Head to head / CPNQ vs PQJA \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 1, 2026 .\n\n CPNQ vs PQJA: which one stands where?\n\n As of Oct 1, 2026 PQJA can fall 11.5% before its buffer engages and CPNQ 5.6%, and CPNQ resets 31 days sooner.\n Copy this for sharing \n \n Calamos Nasdaq-100 \u00ae Structured Alt Protection ETF - December and PGIM Nasdaq-100 Buffer 12 ETF - January.\n\n Download as PDF \n\n CPNQ At its cap [CPNQ: reference +19.9% since period start, fund +5.4%; buffer \u22120 to floor; cap +6.6%; At its cap.. At its cap] [CPNQ: reference +19.9% since period start, f","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/cpnq-vs-pqja","a":{"ticker":"CPNQ","name":"Calamos Nasdaq-100 \u00ae Structured Alt Protection ETF - December","issuer":"Calamos","desk":"buffer","as_of":"2026-10-01","verdict":"As of Oct 1, 2026, CPNQ has reached its cap.","url":"https://etfiq.com/funds/cpnq","key_facts":[{"label":"Fall before the buffer","value":"5.6%","as_of":"2026-10-01","source":null},{"label":"Protection left, index points","value":"99.5%","as_of":"2026-10-01","source":null},{"label":"Days to reset","value":"61","as_of":"2026-10-01","source":null},{"label":"Net assets","value":"$20m","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":"PQJA","name":"PGIM Nasdaq-100 Buffer 12 ETF - January","issuer":"PGIM","desk":"buffer","as_of":"2026-09-30","verdict":"As of Sep 30, 2026, PQJA has reached its cap.","url":"https://etfiq.com/funds/pqja","key_facts":[{"label":"Past the cap, price drift left","value":"3.5%","as_of":"2026-09-30","source":null},{"label":"Fall before the buffer","value":"11.5%","as_of":"2026-09-30","source":null},{"label":"Protection left, index points","value":"12.0%","as_of":"2026-09-30","source":null},{"label":"Days to reset","value":"92","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$34m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.50%","as_of":"2026-09-30","source":"issuer data, 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/cpnq-vs-pqja"}