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.

Data as of Nov 4, 2026.

Buffer ETFs

CPSA vs HAUG: Cap, Buffer & Days Left

Share on X Download as PDF

CPSA can fall 1.3% before its buffer engages as of Nov 4, 2026, and HAUG 0.0% as of Nov 3, 2026.

askIQ about this page

askIQ about CPSA and HAUG

Net assets on Nov 4, 2026: $50m for Calamos S&P 500 Structured Alt Protection ETF - August and $2.4m for Corgi U.S. Equities 100% Structured Buffer ETF - August Series.

CPSA on its own →HAUG on its own →

At a glance

CPSA Full floor

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.

HAUG Buffer working

HAUG: reference −0.4% since period start, fund +0.2%; buffer Floor; cap +9.0%; Buffer working. Data to Nov 3, 2026.

Data to Nov 3, 2026.

Pair scorecard

HAUG costs 0.39 points a year less; CPSA is far larger, $50m against $2.4m.

Points (pts) are percentage points.

CPSA vs HAUG: Cap, Buffer & Days Left
Measure	CPSA	HAUG
Return
Measure	CPSA	HAUG
Total return, 1 year	+5.8%	not published
Drawdown
Measure	CPSA	HAUG
Index fall to the buffer	1.2%
Benchmark
Measure	CPSA	HAUG
What it tracks	SPY	SPY
Cost and size
Measure	CPSA	HAUG
Expense ratio	0.69%	0.30%
Net assets	$50m	$2.4m
Holdings
Measure	CPSA	HAUG
Holdings in common	not published

Method

Window by window

Window by window: CPSA vs HAUG: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	CPSA	HAUG	CPSA	HAUG
3 months	+0.6%	−0.1%	+1.0 pts	+0.3 pts
6 months	+2.6%	–	−1.9 pts	–
1 year	+5.8%	–	−7.8 pts	–
Since launchNot the same days: CPSA Aug 2024 · HAUG Aug 2026	+16.6%	−0.1%	−24.6 pts	+0.5 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

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 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

Issuer Calamos Corgi

Reference index SPY SPY

Buffer 100% 100%

Outcome period Aug 3, 2026 to Jul 30, 2027 Aug 1, 2026 to Jul 31, 2027

Days left 268 270

Starting cap +7.8% +9.0%

Can still gain not published not published

Fall before buffer 1.3% 0.0%

Protection left, index points 100.0% of 100.0% 99.6% of 100.0%

Index return this period +1.2% −0.4%

Fund return this period +1.2% +0.2%

State today Open Buffer working

Expense ratio 0.69% 0.30%

Net assets $50m $2.4m

As of Nov 4, 2026. Source: ETFIQ.

Where each one stands today

CPSA resets first, on Jul 30, 2027, 268 days from now; HAUG runs to Jul 31, 2027, 270 days. A fall from here reaches CPSA’s buffer after 1.3% and HAUG’s after 0.0%. Both track SPY, so what separates them is where each is in its own period.

Alert

About each fund

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.

HAUG

Protection left, in index points: 99.6% of the 100.0% buffer still sits below today's SPY level. 270 days remained on Nov 3, 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

CPSA vs CTAU CPSA vs PMAU CPSA vs PMSE CPSA vs DLAG HAUG vs DJUL HAUG vs PAUG HAUG vs FJUL HAUG vs CPSJ

Where to next

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

Sources and dates

CPSA filings on SEC EDGAR ↗

Calamos website ↗

HAUG filings on SEC EDGAR ↗

Corgi website ↗

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, CPSA against HAUG, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/cpsa-vs-haug

Open data →

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