CPSJ vs TJUL: Cap, Buffer & Days Left
As of Oct 13, 2026 TJUL can fall 7.9% before its buffer engages and CPSJ 1.7%. Net assets on Oct 13, 2026: $50m for Calamos S&P 500 ® Structured Alt Protection ETF - July and $115m for Innovator Equity Defined Protection ETF - Jul 2027.
CPSJ costs 0.10 points a year less; their one-year returns differ by 0.8 points; TJUL is 2.3 times larger.
Points (pts) are percentage points.
| CPSJ | TJUL | |
|---|---|---|
| Expense ratio | 0.69% | 0.79% |
| Net assets | $50m | $115m |
| Total return, 1 year | +5.6% | +4.8% |
| What it tracks | SPY | SPY |
| Holdings in common | not published | |
| Index fall to the buffer | 4.1% | 20.6% |
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.
TJUL: reference +25.9% since period start, fund +7.4%; buffer Floor; cap +13.6%; At its cap. Figures to Oct 13, 2026.
Figures to Oct 13, 2026.
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, 260 days from now; TJUL runs to Jun 30, 2027, 260 days. A fall from here reaches CPSJ’s buffer after 1.7% and TJUL’s after 7.9%. Both track SPY, so what separates them is where each is in its own period.
Performance, window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | CPSJ | TJUL | CPSJ | TJUL |
| 3 months | +1.2% | +1.4% | −2.3 pts | −2.1 pts |
| 6 months | +3.2% | +3.0% | −8.9 pts | −9.0 pts |
| 1 year | +5.6% | +4.8% | −11.7 pts | −12.5 pts |
| 3 years | not published | +25.3% | not published | −55.0 pts |
| Since launch Not the same days: CPSJ Jul 2024 · TJUL Jul 2023 | +17.0% | +23.5% | −25.7 pts | −47.8 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
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 4.1% 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 TJUL
SPY had already risen past this fund's cap of +13.6% for the period on Oct 13, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 4.8% as the period runs out. The fund's price can fall 7.9% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 20.6% from today's level to the point where the buffer begins.
Questions people ask
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 TJUL, data as of Oct 13, 2026. https://etfiq.com/compare/buffer/cpsj-vs-tjul
ETFIQ. (Oct 13, 2026). CPSJ against TJUL. Retrieved from https://etfiq.com/compare/buffer/cpsj-vs-tjul
[CPSJ against TJUL (ETFIQ, Oct 13, 2026)](https://etfiq.com/compare/buffer/cpsj-vs-tjul)
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