Data as of Nov 4, 2026.
CPSM vs ZJUN: Cap, Buffer & Days Left
As of Nov 4, 2026 CPSM can fall 2.6% before its buffer engages and ZJUN 1.9%, and CPSM resets 31 days sooner.
askIQ about this page
askIQ about CPSM and ZJUN
Net assets on Nov 4, 2026: $59m for Calamos S&P 500 Structured Alt Protection ETF - May and $155m for Innovator Equity Defined Protection ETF - 1 Yr June.
CPSM: reference +6.4% since period start, fund +2.3%; buffer Floor; cap +6.7%; Full floor. Data to Nov 4, 2026.
Data to Nov 4, 2026.ZJUN: reference +1.3% since period start, fund +1.6%; buffer Floor; cap +8.1%; Full floor. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
CPSM costs 0.10 points a year less; both returned +4.8% over a year; ZJUN is 2.6 times larger.
Points (pts) are percentage points.
| Measure | CPSM | ZJUN |
|---|---|---|
| Return | ||
| Total return, 1 year | +4.8% | +4.8% |
| Drawdown | ||
| Index fall to the buffer | 6.0% | 1.3% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.69% | 0.79% |
| Net assets | $59m | $155m |
| Holdings | ||
| Holdings in common | not published | |
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | CPSM | ZJUN | CPSM | ZJUN |
| 3 months | +1.0% | +0.7% | +1.3 pts | +1.1 pts |
| 6 months | +2.1% | +1.9% | −2.4 pts | −2.6 pts |
| 1 year | +4.8% | +4.8% | −8.7 pts | −8.7 pts |
| Since launchNot the same days: CPSM May 2024 · ZJUN Jun 2025 | +18.8% | +7.9% | −34.5 pts | −21.5 pts |
Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Open this comparison in the app →
Side by side
As of Nov 4, 2026. Source: ETFIQ.
They do not reset together. CPSM has 177 days of its period left and ZJUN has 208, so the two are not the same bet on the same months.
Where each one stands today
CPSM resets first, on Apr 30, 2027, 177 days from now; ZJUN runs to May 31, 2027, 208 days. A fall from here reaches CPSM’s buffer after 2.6% and ZJUN’s after 1.9%. Both track SPY, so what separates them is where each is in its own period.
CPSM
The fund's price can fall 2.6% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 6.0% 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. 177 days remained on Nov 4, 2026. On Apr 30, 2027 the period ends and a new cap is set.
ZJUN
From its price on Nov 4, 2026, the fund can gain about 6.0% more before it reaches its cap. The fund's price can fall 1.9% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 1.3% from today's level to the point where the buffer begins. 208 days remained on Nov 4, 2026. On May 31, 2027 the period ends and a new cap is set.
Questions people ask
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.
Cite this pageCitation, APA and Markdown
ETFIQ, CPSM against ZJUN, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/cpsm-vs-zjun
ETFIQ. (Nov 4, 2026). CPSM against ZJUN. Retrieved from https://etfiq.com/compare/buffer/cpsm-vs-zjun
[CPSM against ZJUN (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/cpsm-vs-zjun)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.