{"url":"https://etfiq.com/compare/buffer/cpsd-vs-udec","section":"compare","title":"CPSD vs UDEC: Cap, Buffer & Days Left | ETFIQ","description":"As of Nov 4, 2026 CPSD can fall 5.8% and UDEC 14.1% before its buffer engages, on SPY. Both end their outcome period on Nov 30, 2026.","as_of":"Nov 4, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which resets first, CPSD or UDEC?","acceptedAnswer":{"@type":"Answer","text":"CPSD ends its outcome period on Nov 30, 2026 and UDEC on Nov 30, 2026. A new cap is set the day after each."}},{"@type":"Question","name":"Which is cheaper, CPSD or UDEC?","acceptedAnswer":{"@type":"Answer","text":"CPSD charges 0.69% a year and UDEC charges 0.79%, so CPSD is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Buffer ETFs","item":"https://etfiq.com/buffer/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"CPSD vs UDEC","item":"https://etfiq.com/compare/buffer/cpsd-vs-udec"}]},{"@type":"WebPage","name":"CPSD vs UDEC: Cap, Buffer & Days Left","description":"As of Nov 4, 2026 CPSD can fall 5.8% and UDEC 14.1% before its buffer engages, on SPY. Both end their outcome period on Nov 30, 2026.","url":"https://etfiq.com/compare/buffer/cpsd-vs-udec","dateModified":"2026-11-04","abstract":"As of Nov 4, 2026 UDEC can fall 14.1% before its buffer engages and CPSD 5.8%.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of CPSD and UDEC","description":"As of Nov 4, 2026 CPSD can fall 5.8% and UDEC 14.1% before its buffer engages, on SPY. Both end their outcome period on Nov 30, 2026.","dateModified":"2026-11-04","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/buffer/cpsd-vs-udec","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/funds.json"}],"variableMeasured":["Remaining cap","Fall before the buffer engages","Protection left in index points","Starting buffer","Outcome period","Reference index return","Fund return","Days remaining","Expense ratio"],"keywords":["exchange-traded funds","ETF","Buffer ETFs","fund data","SEC filings"]}],"characters":6137,"truncated":true,"content":"ETFIQ / Buffer ETFs / Compare ETFs / CPSD vs UDEC \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Nov 4, 2026 .\n\n CPSD vs UDEC: Cap, Buffer & Days Left\n\n As of Nov 4, 2026 UDEC can fall 14.1% before its buffer engages and CPSD 5.8%.\n Copy this for sharing \n \n CPSD costs 0.10 points a year less; their one-year returns differ by 5.3 points; UDEC is 5.1 times larger.\n CPSD and UDEC at a glance. As of Nov 4, 2026. Source: ETFIQ. CPSD UDEC \n Expense ratio 0.69% 0.79% \n Net assets $46m $235m \n Total return, 1 year +6.3% +11.6% \n What it tracks SPY SPY \n Holdings in common not published \n \n Ne","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, CPSD against UDEC, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/cpsd-vs-udec","a":{"ticker":"CPSD","name":"Calamos S&P 500 Structured Alt Protection ETF - December","issuer":"Calamos","desk":"buffer","as_of":"2026-11-04","verdict":"Since Dec 1, 2025, CPSD returned 5.5%, against SPY's 12.7% price return. It is at its cap.","url":"https://etfiq.com/funds/cpsd","key_facts":[{"label":"Fall before the buffer from today\u2019s fund price","value":"5.8%","as_of":"2026-11-04","source":null},{"label":"Protection left, index points","value":"100.0%","as_of":"2026-11-04","source":null},{"label":"Days to reset","value":"26","as_of":"2026-11-04","source":null},{"label":"Net assets","value":"$46m","as_of":"2026-11-04","source":"issuer page, as of Nov 4, 2026"},{"label":"Expense ratio","value":"0.69%","as_of":"2026-11-04","source":"issuer page, Nov 4, 2026"},{"label":"Reference index","value":"SPY","as_of":"2026-11-04","source":null}]},"b":{"ticker":"UDEC","name":"Innovator U.S. Equity Ultra Buffer ETF - Dec","issuer":"Innovator","desk":"buffer","as_of":"2026-11-04","verdict":"Since Nov 30, 2025, UDEC returned 9.7%, against SPY's 12.2% price return. It can gain 1.4% more before its cap.","url":"https://etfiq.com/funds/udec","key_facts":[{"label":"Can still gain from today\u2019s fund price","value":"1.4%","as_of":"2026-11-04","source":null},{"label":"Fall before the buffer from today\u2019s fund price","value":"14.1%","as_of":"2026-11-04","source":null},{"label":"Protection left, index points","value":"30.0%","as_of":"2026-11-04","source":null},{"label":"Days to reset","value":"26","as_of":"2026-11-04","source":null},{"label":"Net assets","value":"$235m","as_of":"2026-11-04","source":"issuer page, as of Nov 4, 2026"},{"label":"Expense ratio","value":"0.79%","as_of":"2026-11-04","source":"issuer page, Nov 4, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/buffer/cpsd-vs-udec"}