Which resets first, CPSJ or FJUN?

CPSJ ends its outcome period on Jun 30, 2027 and FJUN on Jun 17, 2027. A new cap is set the day after each.

Which is cheaper, CPSJ or FJUN?

CPSJ charges 0.69% a year and FJUN charges 0.85%, so CPSJ is cheaper. Fees come from each fund's prospectus.

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CPSJ vs FJUN: Cap, Buffer & Days Left

As of Oct 13, 2026 FJUN can fall 4.2% before its buffer engages and CPSJ 1.7%, and FJUN resets 13 days sooner. Net assets on Oct 12, 2026: $50m for Calamos S&P 500 ® Structured Alt Protection ETF - July and $1.4bn for FT Vest U.S. Equity Buffer ETF - June.

CPSJ costs 0.16 points a year less; their one-year returns differ by 6.2 points; FJUN is far larger, $1.4bn against $50m.

Points (pts) are percentage points.

CPSJ vs FJUN: Cap, Buffer & Days Left
	CPSJ	FJUN
Expense ratio	0.69%	0.85%
Net assets, as of Oct 12, 2026	$50m	$1.4bn
Total return, 1 year	+5.8%	+12.0%
What it tracks	SPY	SPY
Holdings in common	not published
Index fall to the buffer	4.2%	3.9%

CPSJFull floor

CPSJ: reference +4.3% since period start, fund +1.6%; buffer Floor; cap +7.7%; Full floor. Figures to Oct 13, 2026.

Figures to Oct 13, 2026.

FJUNBetween buffer and cap

FJUN: reference +4.1% since period start, fund +3.5%; buffer 0 to −10; cap +16.4%; Between buffer and cap. Figures to Oct 13, 2026.

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

FJUN resets first, on Jun 17, 2027, 247 days from now; CPSJ runs to Jun 30, 2027, 260 days. A fall from here reaches CPSJ’s buffer after 1.7% and FJUN’s after 4.2%. Both track SPY, so what separates them is where each is in its own period.

Performance, window by window

Performance, window by window: CPSJ vs FJUN: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	CPSJ	FJUN	CPSJ	FJUN
3 months	+1.4%	+3.2%	−2.5 pts	−0.7 pts
6 months	+3.3%	+6.5%	−10.1 pts	−6.9 pts
1 year	+5.8%	+12.0%	−13.4 pts	−7.2 pts
3 years	not published	+51.8%	not published	−28.5 pts
Since launch Not the same days: CPSJ Jul 2024 · FJUN Jun 2020	+17.0%	+103.2%	−25.7 pts	−47.3 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Source: ETFIQ. Open this comparison in the app →

On the same fields

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

FJUN

FT Vest U.S. Equity Buffer ETF - June · Absorbs the first 10% of loss on SPY and caps the gain at 16.4%, over a period ending Jun 17, 2027

Issuer Calamos First Trust

Reference index SPY SPY

Buffer 100% 10%

Outcome period Jul 1, 2026 to Jun 30, 2027 Jun 22, 2026 to Jun 17, 2027

Days left 260 247

Starting cap +7.7% +16.4%

Can still gain not published 11.8%

Fall before buffer 1.7% 4.2%

Protection left, index points 100.0% of 100.0% 10.0% of 10.0%

Index return this period +4.3% +4.1%

Fund return this period +1.6% +3.5%

State today Open Open

Expense ratio 0.69% 0.85%

Net assets, as of Oct 12, 2026 $50m $1.4bn

As of Oct 13, 2026. Source: ETFIQ.

About CPSJ

The fund's price can fall 1.7% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 4.2% 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. 260 days remained on Oct 13, 2026. On Jun 30, 2027 the period ends and a new cap is set.

About FJUN

From its price on Oct 13, 2026, the fund can gain about 11.8% more before it reaches its cap. The fund's price can fall 4.2% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 3.9% 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. 247 days remained on Oct 13, 2026. On Jun 17, 2027 the period ends and a new cap is set.

Questions people ask

Which resets first, CPSJ or FJUN?: CPSJ ends its outcome period on Jun 30, 2027 and FJUN on Jun 17, 2027. A new cap is set the day after each.
Which is cheaper, CPSJ or FJUN?: CPSJ charges 0.69% a year and FJUN charges 0.85%, so CPSJ is cheaper. Fees come from each fund's prospectus.

Other comparisons

CPSJ vs DJUN CPSJ vs CTJL CPSJ vs FJUL CPSJ vs PJUL FJUN vs JULT FJUN vs JULP FJUN vs JUNM FJUN vs PBJL

S&P 500 (SPY) →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →CPSJ on its own →FJUN on its own →How every figure is computed →Standards and sources →

Where these figures came from

CPSJ filings on SEC EDGAR ↗CPSJ prospectus with the expense ratio (SEC) ↗Calamos website ↗FJUN filings on SEC EDGAR ↗First Trust page for FJUN ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

ETFIQ calculates every figure 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 figure is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, CPSJ against FJUN, data as of Oct 13, 2026. https://etfiq.com/compare/buffer/cpsj-vs-fjun

Open data

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