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Data as of .

CPSA vs HAUG: which one stands where?

As of Sep 21, 2026 CPSA can fall 0.8% before its buffer engages and HAUG 0.5%, and CPSA resets 4 days sooner.

Calamos S&P 500 ® Structured Alt Protection ETF - August and Corgi U.S. Equities 100% Structured Buffer ETF - August Series.

CPSAFull floor
full floor beneathfull floor0.0% buffer start0% period start+7.7% capTODAY · SPY +0.5%full floor beneathfull floor0.0% buffer start0% start+7.7% capTODAY · SPY +0.5%
HAUGFull floor
full floor beneathfull floor0% period start+9.0% capTODAY · SPY +0.5%full floor beneathfull floor0% start+9.0% capTODAY · SPY +0.5%

Where each one stands today

CPSA resets first, on Jul 30, 2027, 312 days from now; HAUG runs to Jul 31, 2027, 316 days. A fall from here reaches CPSA’s buffer after 0.8% and HAUG’s after 0.5%. Both track SPY, 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

CPSA and HAUG over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnGap to the reference
CPSAHAUGCPSAHAUG
3 months+1.2%not published−1.0 ptsnot published
6 months+4.4%not published−13.6 ptsnot published
1 year+5.5%not published−11.1 ptsnot published
Open the live comparison on ETFIQ
CPSA and HAUG on the same fields, as of Sep 21, 2026. Source: ETFIQ.
CPSA
Calamos S&P 500 ® Structured Alt Protection ETF - August
Absorbs losses from 0.0% to 100.0% on SPY and caps the gain at 7.7%, over a period ending Jul 30, 2027
HAUG
Corgi U.S. Equities 100% Structured Buffer ETF - August Series
Absorbs the whole loss on SPY and caps the gain at 9.0%, over a period ending Jul 31, 2027
IssuerCalamosCorgi
Reference indexSPYSPY
Buffer0% to 100%100%
Outcome periodAug 3, 2026 to Jul 30, 2027Aug 1, 2026 to Jul 31, 2027
Days left312316
Starting cap+7.7%+9.0%
Can still gainnot publishednot published
Fall before buffer0.8%0.5%
Protection left, index points100.0% of 100.0%100.0% of 100.0%
Index return this period+0.5%+0.5%
Fund return this period+0.8%+1.0%
State todayOpenOpen
Expense ratio0.69%0.30%
Net assets$48m$12m

CPSA in plain words

The fund's price can fall 0.8% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 0.6% 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. 312 days remained on Sep 21, 2026. On Jul 30, 2027 the period ends and a new cap is set.

HAUG in plain words

The fund's price can fall 0.5% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 0.5% from today's level to the point where the buffer begins. 316 days remained on Sep 21, 2026. On Jul 31, 2027 the period ends and a new cap is set.

Questions people ask

Which resets first, CPSA or HAUG?
CPSA ends its outcome period on Jul 30, 2027 and HAUG on Jul 31, 2027. A new cap is set the day after each.
Which is cheaper, CPSA or HAUG?
CPSA charges 0.69% a year and HAUG charges 0.30%, so HAUG is cheaper. Fees come from each fund's prospectus.

Other comparisons

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

CPSA against HAUG, ETFIQ, data as of Sep 21, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, CPSA against HAUG, data as of Sep 21, 2026. https://etfiq.com/compare/buffer/cpsa-vs-haug Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources