Which resets first, CPSA or DDTG?

CPSA ends its outcome period on Jul 30, 2027 and DDTG on Jul 31, 2027. A new cap is set the day after each.

Which is cheaper, CPSA or DDTG?

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

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CPSA vs DDTG: Cap, Buffer & Days Left

As of Oct 13, 2026 DDTG can fall 3.4% before its buffer engages and CPSA 1.2%, and CPSA resets 1 day sooner. Net assets on Oct 13, 2026: $50m for Calamos S&P 500 ® Structured Alt Protection ETF - August and $32m for Innovator Equity Dual Directional 10 Buffer ETF - Aug.

CPSA costs 0.10 points a year less; CPSA is 1.6 times larger.

Points (pts) are percentage points.

CPSA vs DDTG: Cap, Buffer & Days Left
	CPSA	DDTG
Expense ratio	0.69%	0.79%
Net assets	$50m	$32m
Total return, 1 year	+6.0%	not published
What it tracks	SPY	SPY
Holdings in common	not published
Index fall to the buffer	2.6%	4.0%

CPSAFull floor

CPSA: reference +2.7% since period start, fund +1.1%; buffer Floor; cap +7.8%; Full floor. Figures to Oct 13, 2026.

Figures to Oct 13, 2026.

DDTGBetween buffer and cap

DDTG: reference +4.2% since period start, fund +3.3%; buffer 0 to −10; cap +15.8%; Between buffer and cap. Figures to Oct 13, 2026.

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

CPSA resets first, on Jul 30, 2027, 290 days from now; DDTG runs to Jul 31, 2027, 291 days. A fall from here reaches CPSA’s buffer after 1.2% and DDTG’s after 3.4%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

Performance, window by window: CPSA vs DDTG: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	CPSA	DDTG	CPSA	DDTG
3 months	+1.4%	not published	−2.1 pts	not published
6 months	+3.5%	not published	−8.6 pts	not published
1 year	+6.0%	not published	−11.4 pts	not published
Since launch Not the same days: CPSA Aug 2024 · DDTG Aug 2026	+16.5%	+2.1%	−26.8 pts	−0.5 pts

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

On the same fields

CPSA

Calamos S&P 500 ® Structured Alt Protection ETF - August · Absorbs the whole loss on SPY and caps the gain at 7.8%, over a period ending Jul 30, 2027

DDTG

Innovator Equity Dual Directional 10 Buffer ETF - Aug · Absorbs the first 10% of loss on SPY and caps the gain at 15.8%, over a period ending Jul 31, 2027

Issuer Calamos Innovator

Reference index SPY SPY

Buffer 100% 10%

Outcome period Aug 3, 2026 to Jul 30, 2027 Jul 31, 2026 to Jul 31, 2027

Days left 290 291

Starting cap +7.8% +15.8%

Can still gain not published 11.9%

Fall before buffer 1.2% 3.4%

Protection left, index points 100.0% of 100.0% 10.0% of 10.0%

Index return this period +2.7% +4.2%

Fund return this period +1.1% +3.3%

State today Open Open

Expense ratio 0.69% 0.79%

Net assets $50m $32m

As of Oct 13, 2026. Source: ETFIQ.

About CPSA

The fund's price can fall 1.2% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 2.6% 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 SPY level. 290 days remained on Oct 13, 2026. On Jul 30, 2027 the period ends and a new cap is set.

About DDTG

From its price on Oct 13, 2026, the fund can gain about 11.9% more before it reaches its cap. The fund's price can fall 3.4% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 4.0% from today's level to the point where the buffer begins. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's SPY level. 291 days remained on Oct 13, 2026. On Jul 31, 2027 the period ends and a new cap is set.

Questions people ask

Which resets first, CPSA or DDTG?: CPSA ends its outcome period on Jul 30, 2027 and DDTG on Jul 31, 2027. A new cap is set the day after each.
Which is cheaper, CPSA or DDTG?: CPSA charges 0.69% a year and DDTG charges 0.79%, so CPSA is cheaper. Fees come from each fund's prospectus.

Other comparisons

CPSA vs DDTS CPSA vs SEPP CPSA vs SEPT CPSA vs XAUG DDTG vs PAUG DDTG vs FJUL DDTG vs CPSJ DDTG vs PBAU

S&P 500 (SPY) →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →CPSA on its own →DDTG on its own →How every figure is computed →Standards and sources →

Where these figures came from

CPSA filings on SEC EDGAR ↗CPSA prospectus with the expense ratio (SEC) ↗Calamos website ↗DDTG filings on SEC EDGAR ↗Innovator page for DDTG ↗

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 pageCitation, APA and Markdown

ETFIQ, CPSA against DDTG, data as of Oct 13, 2026. https://etfiq.com/compare/buffer/cpsa-vs-ddtg

Open data

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