Data as of Nov 4, 2026.
CPSJ vs TJUL: Cap, Buffer & Days Left
As of Nov 4, 2026 TJUL can fall 8.2% before its buffer engages and CPSJ 1.7%.
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Net assets on Nov 4, 2026: $51m for Calamos S&P 500 Structured Alt Protection ETF - July and $114m for Innovator Equity Defined Protection ETF - Jul 2027.
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.TJUL: reference +24.1% since period start, fund +7.6%; buffer Floor; cap +13.6%; At its cap. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
CPSJ costs 0.10 points a year less; their one-year returns differ by 0.3 points; TJUL is 2.2 times larger.
Points (pts) are percentage points.
| Measure | CPSJ | TJUL |
|---|---|---|
| Return | ||
| Total return, 1 year | +5.3% | +5.0% |
| Drawdown | ||
| Index fall to the buffer | 2.7% | 19.4% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.69% | 0.79% |
| Net assets | $51m | $114m |
| Holdings | ||
| Holdings in common | not published | |
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | CPSJ | TJUL | CPSJ | TJUL |
| 3 months | +0.7% | +1.2% | +1.0 pts | +1.6 pts |
| 6 months | +2.2% | +2.4% | −2.2 pts | −2.1 pts |
| 1 year | +5.3% | +5.0% | −8.2 pts | −8.6 pts |
| 3 years | – | +25.0% | – | −51.4 pts |
| Since launchNot the same days: CPSJ Jul 2024 · TJUL Jul 2023 | +16.9% | +23.8% | −23.7 pts | −45.0 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.
TJUL is already at its cap, so more rise in the index adds nothing to it before the period ends.
Where each one stands today
CPSJ resets first, on Jun 30, 2027, 238 days from now; TJUL runs to Jun 30, 2027, 238 days. A fall from here reaches CPSJ’s buffer after 1.7% and TJUL’s after 8.2%. Both track SPY, so what separates them is where each is in its own period.
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.
TJUL
SPY had already risen past this fund's cap of +13.6% for the period on Nov 4, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 4.5% as the period runs out. The fund's price can fall 8.2% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 19.4% from today's level to the point where the buffer begins.
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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, CPSJ against TJUL, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/cpsj-vs-tjul
ETFIQ. (Nov 4, 2026). CPSJ against TJUL. Retrieved from https://etfiq.com/compare/buffer/cpsj-vs-tjul
[CPSJ against TJUL (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/cpsj-vs-tjul)
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