Data as of Nov 4, 2026.

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Buffer ETFs

CPSJ vs CTJL: Cap, Buffer & Days Left

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CPSJ can fall 1.7% before its buffer engages as of Nov 4, 2026, and CTJL 1.1% as of Nov 3, 2026.

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Net assets on Nov 4, 2026: $51m for Calamos S&P 500 Structured Alt Protection ETF - July and $1.3m for Corgi U.S. Equities 30% Structured Buffer ETF - July Series.

At a glance
CPSJ Full floor
Full floorCPSJ: reference +2.8% since period start, fund +1.5%; buffer Floor; cap +7.7%; Full floor. Data to Nov 4, 2026.full floor beneathfull floor0% period start+7.7% cap+2.8% gain captured+4.9% more to the capTODAY · SPY +2.8%Full floorCPSJ: reference +2.8% since period start, fund +1.5%; buffer Floor; cap +7.7%; Full floor. Data to Nov 4, 2026.full floor beneathfull floor0% start+7.7% cap+2.8% gain captured+4.9% more to the capTODAY · SPY +2.8%

CPSJ: reference +2.8% since period start, fund +1.5%; buffer Floor; cap +7.7%; Full floor. Data to Nov 4, 2026.

Data to Nov 4, 2026.
CTJL Between buffer and cap
Between buffer and capCTJL: reference +1.2% since period start, fund +1.6%; buffer 0 to −30; cap +14.3%; Between buffer and cap. Data to Nov 3, 2026.30 pts of buffer+13.1% more to the cap−30.0% floor0% period start+14.3% cap+1.2% gain capturedTODAY · SPY +1.2%Between buffer and capCTJL: reference +1.2% since period start, fund +1.6%; buffer 0 to −30; cap +14.3%; Between buffer and cap. Data to Nov 3, 2026.30 pts of buffer−30.0% floor0% start+14.3% cap+1.2% gain captured+13.1% more to the capTODAY · SPY +1.2%

CTJL: reference +1.2% since period start, fund +1.6%; buffer 0 to −30; cap +14.3%; Between buffer and cap. Data to Nov 3, 2026.

CTJL: reference +1.2% since period start, fund +1.6%; buffer 0 to −30; cap +14.3%; Between buffer and cap. Data to Nov 3, 2026.

Pair scorecard

CTJL costs 0.39 points a year less; CPSJ is far larger, $51m against $1.3m.

Points (pts) are percentage points.

CPSJ vs CTJL: Cap, Buffer & Days Left
MeasureCPSJCTJL
Return
Total return, 1 year+5.3%not published
Drawdown
Index fall to the buffer2.7%1.1%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.69%0.30%
Net assets$51m$1.3m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: CPSJ vs CTJL: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowCPSJCTJLCPSJCTJL
3 months+0.7%+0.4%+1.0 pts+0.8 pts
6 months+2.2%–−2.2 pts–
1 year+5.3%–−8.2 pts–
Since launchNot the same days: CPSJ Jul 2024 · CTJL Jul 2026+16.9%+2.3%−23.7 pts−0.7 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

CPSJ Calamos S&P 500 Structured Alt Protection ETF - July · Absorbs the whole loss on SPY and caps the gain at 7.7%, over a period ending Jun 30, 2027 CTJL Corgi U.S. Equities 30% Structured Buffer ETF - July Series · Absorbs the first 30% of loss on SPY and caps the gain at 14.3%, over a period ending Jun 30, 2027
Issuer Calamos Corgi
Reference index SPY SPY
Buffer 100% 30%
Outcome period Jul 1, 2026 to Jun 30, 2027 Jul 1, 2026 to Jun 30, 2027
Days left 238 239
Starting cap +7.7% +14.3%
Can still gain not published not published
Fall before buffer 1.7% 1.1%
Protection left, index points 100.0% of 100.0% 30.0% of 30.0%
Index return this period +2.8% +1.2%
Fund return this period +1.5% +1.6%
State today Open Open
Expense ratio 0.69% 0.30%
Net assets $51m $1.3m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. CPSJ is a floor fund, which caps how far a holder can fall. CTJL 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

CPSJ resets first, on Jun 30, 2027, 238 days from now; CTJL runs to Jun 30, 2027, 239 days. A fall from here reaches CPSJ’s buffer after 1.7% and CTJL’s after 1.1%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
CPSJ

The fund's price can fall 1.7% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 2.7% 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. 238 days remained on Nov 4, 2026. On Jun 30, 2027 the period ends and a new cap is set.

CTJL

The fund's price can fall 1.1% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 1.1% from today's level to the point where the buffer begins. Protection left, in index points: 30.0% of the 30.0% buffer still sits below today's SPY level. 239 days remained on Nov 3, 2026.

Questions people ask

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

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.

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ETFIQ, CPSJ against CTJL, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/cpsj-vs-ctjl

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