Data as of Nov 4, 2026.
CPNS vs DDNQ: Cap, Buffer & Days Left
As of Nov 4, 2026 CPNS can fall 0.0% before its buffer engages and DDNQ 0.0%, and DDNQ resets 243 days sooner.
askIQ about this page
askIQ about CPNS and DDNQ
Net assets on Nov 4, 2026: $29m for Calamos Nasdaq-100 Structured Alt Protection ETF - September and $27m for Innovator Growth-100 Dual Directional 5 Buffer ETF - Quarterly.
CPNS: reference −2.2% since period start, fund −0.3%; buffer Floor; cap +8.8%; Buffer working. Data to Nov 4, 2026.
Data to Nov 4, 2026.DDNQ: reference −6.5% since period start, fund −2.8%; buffer 0 to −5; cap +5.7%; Buffer exhausted. Data to Nov 4, 2026.
DDNQ: reference −6.5% since period start, fund −2.8%; buffer 0 to −5; cap +5.7%; Buffer exhausted. Data to Nov 4, 2026.Pair scorecard
CPNS costs 0.10 points a year less; CPNS is 1.1 times larger.
Points (pts) are percentage points.
| Measure | CPNS | DDNQ |
|---|---|---|
| Return | ||
| Total return, 1 year | +4.5% | not published |
| Benchmark | ||
| What it tracks | QQQ | QQQ |
| Cost and size | ||
| Expense ratio | 0.69% | 0.79% |
| Net assets | $29m | $27m |
| Holdings | ||
| Holdings in common | not published | |
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | CPNS | DDNQ | CPNS | DDNQ |
| 3 months | 0.0% | −2.3% | +3.5 pts | +1.3 pts |
| 6 months | +1.5% | −1.5% | +2.0 pts | −0.9 pts |
| 1 year | +4.5% | – | −7.2 pts | – |
| Since launchNot the same days: CPNS Sep 2024 · DDNQ Jan 2026 | +14.6% | +2.8% | −35.3 pts | −10.0 pts |
Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. – means no data for this window. Open this comparison in the app →
Side by side
As of Nov 4, 2026. Source: ETFIQ.
These are two different products. CPNS is a floor fund, which caps how far a holder can fall. DDNQ 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. DDNQ has 57 days of its period left and CPNS has 300, so the two are not the same bet on the same months.
Where each one stands today
DDNQ resets first, on Dec 31, 2026, 57 days from now; CPNS runs to Aug 31, 2027, 300 days. A fall from here reaches CPNS’s buffer after 0.0% and DDNQ’s after 0.0%. Both track QQQ, so what separates them is where each is in its own period.
CPNS
Protection left, in index points: 97.8% of the 100.0% buffer still sits below today's QQQ level. 300 days remained on Nov 4, 2026. On Aug 31, 2027 the period ends and a new cap is set.
DDNQ
From its price on Nov 4, 2026, the fund can gain about 8.6% more before it reaches its cap. Protection left, in index points: 0.0% of the 5.0% buffer still sits below today's QQQ level. 57 days remained on Nov 4, 2026. On Dec 31, 2026 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, CPNS against DDNQ, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/cpns-vs-ddnq
ETFIQ. (Nov 4, 2026). CPNS against DDNQ. Retrieved from https://etfiq.com/compare/buffer/cpns-vs-ddnq
[CPNS against DDNQ (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/cpns-vs-ddnq)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.