Data as of Nov 4, 2026.
CPSN vs OCTM: Cap, Buffer & Days Left
As of Nov 4, 2026 OCTM can fall 1.2% before its buffer engages and CPSN 0.3%, and OCTM resets 14 days sooner.
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Net assets: $36m on Nov 4, 2026 for Calamos S&P 500 Structured Alt Protection ETF - November, and $42m on Nov 3, 2026 for FT Vest U.S. Equity Max Buffer ETF - October.
CPSN: reference +2.0% since period start, fund +0.3%; buffer Floor; cap +8.2%; Full floor. Data to Nov 4, 2026.
Data to Nov 4, 2026.OCTM: reference +0.5% since period start, fund +0.4%; buffer Floor; cap +8.3%; Full floor. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
CPSN costs 0.16 points a year less; their one-year returns differ by 0.1 points; OCTM is 1.2 times larger.
Points (pts) are percentage points.
| Measure | CPSN | OCTM |
|---|---|---|
| Return | ||
| Total return, 1 year | +6.4% | +6.3% |
| Drawdown | ||
| Index fall to the buffer | 1.9% | 0.5% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.69% | 0.85% |
| Net assets, as of Nov 3, 2026 | $34m | $42m |
| Holdings | ||
| Holdings in common | not published | |
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | CPSN | OCTM | CPSN | OCTM |
| 3 months | +1.8% | +1.6% | +2.2 pts | +1.9 pts |
| 6 months | +3.5% | +3.1% | −1.0 pts | −1.4 pts |
| 1 year | +6.4% | +6.3% | −7.1 pts | −7.3 pts |
| Since launchNot the same days: CPSN Nov 2024 · OCTM Oct 2024 | +13.4% | +13.2% | −20.8 pts | −18.1 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.
Where each one stands today
OCTM resets first, on Oct 15, 2027, 345 days from now; CPSN runs to Oct 29, 2027, 359 days. A fall from here reaches CPSN’s buffer after 0.3% and OCTM’s after 1.2%. Both track SPY, so what separates them is where each is in its own period.
Client brief:
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CPSN
The fund's price can fall 0.3% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 1.9% 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. 359 days remained on Nov 4, 2026. On Oct 29, 2027 the period ends and a new cap is set.
OCTM
From its price on Nov 4, 2026, the fund can gain about 7.0% more before it reaches its cap. The fund's price can fall 1.2% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 0.5% from today's level to the point where the buffer begins. 345 days remained on Nov 4, 2026. On Oct 15, 2027 the period ends and a new cap is set.
Questions people ask
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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.
Cite this pageCitation, APA and Markdown
ETFIQ, CPSN against OCTM, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/cpsn-vs-octm
ETFIQ. (Nov 4, 2026). CPSN against OCTM. Retrieved from https://etfiq.com/compare/buffer/cpsn-vs-octm
[CPSN against OCTM (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/cpsn-vs-octm)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.