Data as of Nov 4, 2026.
CPSD vs SIXJ: Cap, Buffer & Days Left
As of Nov 4, 2026 CPSD can fall 5.8% before its buffer engages and SIXJ 3.0%, and CPSD resets 31 days sooner.
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Net assets: $46m on Nov 4, 2026 for Calamos S&P 500 Structured Alt Protection ETF - December, and $148m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer10 ETF - Jan.
CPSD: reference +12.7% since period start, fund +5.5%; buffer Floor; cap +6.7%; At its cap. Data to Nov 4, 2026.
Data to Nov 4, 2026.SIXJ: reference +2.7% since period start, fund +2.7%; buffer 0 to −10; cap +8.2%; Between buffer and cap. Data to Nov 4, 2026.
SIXJ: reference +2.7% since period start, fund +2.7%; buffer 0 to −10; cap +8.2%; Between buffer and cap. Data to Nov 4, 2026.Pair scorecard
CPSD costs 0.05 points a year less; their one-year returns differ by 5.4 points; SIXJ is 3.2 times larger.
Points (pts) are percentage points.
| Measure | CPSD | SIXJ |
|---|---|---|
| Return | ||
| Total return, 1 year | +6.3% | +11.7% |
| Drawdown | ||
| Index fall to the buffer | 11.3% | 2.6% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.69% | 0.74% |
| Net assets, as of Nov 3, 2026 | $46m | $148m |
| Holdings | ||
| Holdings in common | not published | |
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | CPSD | SIXJ | CPSD | SIXJ |
| 3 months | +1.5% | +0.8% | +1.8 pts | +1.2 pts |
| 6 months | +3.1% | +4.7% | −1.4 pts | +0.2 pts |
| 1 year | +6.3% | +11.7% | −7.2 pts | −1.8 pts |
| 3 years | – | +51.3% | – | −25.1 pts |
| Since launchNot the same days: CPSD Dec 2024 · SIXJ Jan 2022 | +13.1% | +48.9% | −13.9 pts | −11.7 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. CPSD is a floor fund, which caps how far a holder can fall. SIXJ is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.
CPSD is already at its cap, so more rise in the index adds nothing to it before the period ends.
They do not reset together. CPSD has 26 days of its period left and SIXJ has 57, so the two are not the same bet on the same months.
Where each one stands today
CPSD resets first, on Nov 30, 2026, 26 days from now; SIXJ runs to Dec 31, 2026, 57 days. A fall from here reaches CPSD’s buffer after 5.8% and SIXJ’s after 3.0%. Both track SPY, so what separates them is where each is in its own period.
CPSD
SPY had already risen past this fund's cap of +6.7% for the period on Nov 4, 2026, so in index terms there is no more upside to collect. The fund's price can fall 5.8% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 11.3% 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. 26 days remained on Nov 4, 2026. On Nov 30, 2026 the period ends and a new cap is set.
SIXJ
From its price on Nov 4, 2026, the fund can gain about 5.0% more before it reaches its cap. The fund's price can fall 3.0% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 2.6% 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. 57 days remained on Nov 4, 2026. On Dec 31, 2026 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, CPSD against SIXJ, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/cpsd-vs-sixj
ETFIQ. (Nov 4, 2026). CPSD against SIXJ. Retrieved from https://etfiq.com/compare/buffer/cpsd-vs-sixj
[CPSD against SIXJ (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/cpsd-vs-sixj)
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