Which resets first, CPRJ or KJUL?

CPRJ ends its outcome period on Jun 30, 2027 and KJUL on Jun 30, 2027. A new cap is set the day after each.

Which is cheaper, CPRJ or KJUL?

CPRJ charges 0.69% a year and KJUL charges 0.79%, so CPRJ is cheaper. Fees come from each fund's prospectus.

CPRJ vs KJUL: which one stands where?

As of Oct 2, 2026 CPRJ can fall 0.0% before its buffer engages and KJUL 0.0%. Calamos Russell 2000 ® Structured Alt Protection ETF - July and Innovator U.S. Small Cap Power Buffer ETF - Jul.

CPRJ costs 0.10 points a year less; their one-year returns differ by 2.6 points; KJUL is 5.4 times larger.

	CPRJ	KJUL
Expense ratio	0.69%	0.79%
Net assets	$42m	$228m
Total return, 1 year	+3.8%	+6.4%
What it tracks	IWM	IWM
Holdings in common	not published

CPRJBuffer working

CPRJ: reference −6.0% since period start, fund −0.8%; buffer −0 to floor; cap +9.2%; Buffer working.

KJULBuffer working

KJUL: reference −6.3% since period start, fund −2.4%; buffer 0 to −15; cap +19.5%; Buffer working.

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

CPRJ has fallen through its protection. The index is 0.1% below where the buffer stops, and that part of the loss is the holder’s.

Where each one stands today

CPRJ resets first, on Jun 30, 2027, 271 days from now; KJUL runs to Jun 30, 2027, 271 days. A fall from here reaches CPRJ’s buffer after 0.0% and KJUL’s after 0.0%. Both track IWM, 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	CPRJ	KJUL	CPRJ	KJUL
3 months	−0.8%	−2.2%	+4.4 pts	+3.0 pts
6 months	+1.5%	+2.7%	−11.1 pts	−9.9 pts
1 year	+3.8%	+6.4%	−12.8 pts	−10.1 pts
3 years	not published	+34.9%	not published	−35.2 pts

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

On the same fields

CPRJ

Calamos Russell 2000 ® Structured Alt Protection ETF - July · Absorbs losses from 0.1% to 100.0% on IWM and caps the gain at 9.2%, over a period ending Jun 30, 2027

KJUL

Innovator U.S. Small Cap Power Buffer ETF - Jul · Absorbs the first 15% of loss on IWM and caps the gain at 19.5%, over a period ending Jun 30, 2027

Issuer Calamos Innovator

Reference index IWM IWM

Buffer 0% to 100% 15%

Outcome period Jul 1, 2026 to Jun 30, 2027 Jun 30, 2026 to Jun 30, 2027

Days left 271 271

Starting cap +9.2% +19.5%

Can still gain not published 22.3%

Fall before buffer 0.0% 0.0%

Protection left, index points 94.0% of 99.9% 8.7% of 15.0%

Index return this period −6.0% −6.3%

Fund return this period −0.8% −2.4%

State today Buffer working Buffer working

Expense ratio 0.69% 0.79%

Net assets $42m $228m

CPRJ and KJUL on the same fields, as of Oct 2, 2026. Source: ETFIQ.

CPRJ in plain words

Protection left, in index points: 94.0% of the 99.9% buffer still sits below today's IWM level. 271 days remained on Oct 2, 2026. On Jun 30, 2027 the period ends and a new cap is set.

KJUL in plain words

From its price on Oct 2, 2026, the fund can gain about 22.3% more before it reaches its cap. Protection left, in index points: 8.7% of the 15.0% buffer still sits below today's IWM level.

Questions people ask

Which resets first, CPRJ or KJUL?: CPRJ ends its outcome period on Jun 30, 2027 and KJUL on Jun 30, 2027. A new cap is set the day after each.
Which is cheaper, CPRJ or KJUL?: CPRJ charges 0.69% a year and KJUL charges 0.79%, so CPRJ is cheaper. Fees come from each fund's prospectus.

Other comparisons

CPRJ vs KAUG CPRJ vs SCAU CPRJ vs SCJL KJUL vs SCJL

Russell 2000 (IWM) →CPRJ on its own →KJUL on its own →How every figure is computed →Standards and sources →

Where these figures came from

CPRJ filings on SEC EDGAR ↗Calamos website ↗KJUL filings on SEC EDGAR ↗Innovator page for KJUL ↗

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, CPRJ against KJUL, data as of Oct 2, 2026. https://etfiq.com/compare/buffer/cprj-vs-kjul

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.