CPSM vs MAYC: Cap, Buffer & Days Left
As of Oct 9, 2026 MAYC can fall 7.7% before its buffer engages and CPSM 2.4%. Net assets on Oct 9, 2026: $59m for Calamos S&P 500 ® Structured Alt Protection ETF - May and $2m for Corgi U.S. Equities 10% Structured Buffer ETF - May Series.
MAYC costs 0.39 points a year less; CPSM is far larger, $59m against $2m.
| CPSM | MAYC | |
|---|---|---|
| Expense ratio | 0.69% | 0.30% |
| Net assets | $59m | $2m |
| Total return, 1 year | +4.9% | not published |
| What it tracks | SPY | SPY |
| Holdings in common | not published | |
| Index fall to the buffer | 7.4% | 7.7% |
CPSM: reference +8.0% since period start, fund +2.2%; buffer Floor; cap +6.7%; At its cap. Figures to Oct 9, 2026.
Figures to Oct 9, 2026.
MAYC: reference +8.3% since period start, fund +6.4%; buffer 0 to −10; cap +13.5%; Between buffer and cap. Figures to Oct 9, 2026.
MAYC: reference +8.3% since period start, fund +6.4%; buffer 0 to −10; cap +13.5%; Between buffer and cap. Figures to Oct 9, 2026.
These are two different products. CPSM is a floor fund, which caps how far a holder can fall. MAYC is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.
CPSM is already at its cap, so more rise in the index adds nothing to it before the period ends.
Where each one stands today
CPSM resets first, on Apr 30, 2027, 203 days from now; MAYC runs to Apr 30, 2027, 203 days. A fall from here reaches CPSM’s buffer after 2.4% and MAYC’s after 7.7%. 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 | CPSM | MAYC | CPSM | MAYC |
| 3 months | +1.3% | +2.6% | −1.9 pts | −0.6 pts |
| 6 months | +2.5% | not published | −12.1 pts | not published |
| 1 year | +4.9% | not published | −11.1 pts | not published |
Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
As of Oct 9, 2026. Source: ETFIQ.
CPSM in plain words
SPY had already risen past this fund's cap of +6.7% for the period on Oct 9, 2026, so in index terms there is no more upside to collect. The fund's price can fall 2.4% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 7.4% 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. 203 days remained on Oct 9, 2026. On Apr 30, 2027 the period ends and a new cap is set.
MAYC in plain words
The fund's price can fall 7.7% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 7.7% 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.
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.
ETFIQ, CPSM against MAYC, data as of Oct 9, 2026. https://etfiq.com/compare/buffer/cpsm-vs-mayc
ETFIQ. (Oct 9, 2026). CPSM against MAYC. Retrieved from https://etfiq.com/compare/buffer/cpsm-vs-mayc
[CPSM against MAYC (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/buffer/cpsm-vs-mayc)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.