Data as of Nov 4, 2026.
CPSA vs GJUL: Cap, Buffer & Days Left
As of Nov 4, 2026 GJUL can fall 3.4% before its buffer engages and CPSA 1.3%, and GJUL resets 14 days sooner.
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Net assets: $50m on Nov 4, 2026 for Calamos S&P 500 Structured Alt Protection ETF - August, and $408m on Nov 3, 2026 for FT Vest U.S. Equity Moderate Buffer ETF - July.
CPSA: reference +1.2% since period start, fund +1.2%; buffer Floor; cap +7.8%; Full floor. Data to Nov 4, 2026.
Data to Nov 4, 2026.GJUL: reference +3.1% since period start, fund +2.6%; buffer 0 to −15; cap +13.8%; Between buffer and cap. Data to Nov 4, 2026.
GJUL: reference +3.1% since period start, fund +2.6%; buffer 0 to −15; cap +13.8%; Between buffer and cap. Data to Nov 4, 2026.Pair scorecard
CPSA costs 0.16 points a year less; their one-year returns differ by 4.4 points; GJUL is 8.3 times larger.
Points (pts) are percentage points.
| Measure | CPSA | GJUL |
|---|---|---|
| Return | ||
| Total return, 1 year | +5.8% | +10.2% |
| Drawdown | ||
| Index fall to the buffer | 1.2% | 3.1% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.69% | 0.85% |
| Net assets, as of Nov 3, 2026 | $49m | $408m |
| Holdings | ||
| Holdings in common | not published | |
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | CPSA | GJUL | CPSA | GJUL |
| 3 months | +0.6% | +0.7% | +1.0 pts | +1.1 pts |
| 6 months | +2.6% | +4.6% | −1.9 pts | +0.1 pts |
| 1 year | +5.8% | +10.2% | −7.8 pts | −3.4 pts |
| 3 years | – | +47.9% | – | −28.5 pts |
| Since launchNot the same days: CPSA Aug 2024 · GJUL Jul 2023 | +16.6% | +45.0% | −24.6 pts | −23.8 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. CPSA is a floor fund, which caps how far a holder can fall. GJUL 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
GJUL resets first, on Jul 16, 2027, 254 days from now; CPSA runs to Jul 30, 2027, 268 days. A fall from here reaches CPSA’s buffer after 1.3% and GJUL’s after 3.4%. Both track SPY, so what separates them is where each is in its own period.
CPSA
The fund's price can fall 1.3% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 1.2% 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. 268 days remained on Nov 4, 2026. On Jul 30, 2027 the period ends and a new cap is set.
GJUL
From its price on Nov 4, 2026, the fund can gain about 10.1% 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 number. In index terms, SPY can fall 3.1% from today's level to the point where the buffer begins. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level. 254 days remained on Nov 4, 2026. On Jul 16, 2027 the period ends and a new cap is set.
Questions people ask
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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.
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ETFIQ, CPSA against GJUL, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/cpsa-vs-gjul
ETFIQ. (Nov 4, 2026). CPSA against GJUL. Retrieved from https://etfiq.com/compare/buffer/cpsa-vs-gjul
[CPSA against GJUL (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/cpsa-vs-gjul)
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