CPSN vs PMNV: which one stands where?
As of Oct 2, 2026 PMNV can fall 6.1% before its buffer engages and CPSN 5.9%, and CPSN resets 1 days sooner. Calamos S&P 500 ® Structured Alt Protection ETF - November and PGIM S&P 500 Max Buffer ETF - November.
PMNV costs 0.19 points a year less; CPSN is 6.7 times larger.
| CPSN | PMNV | |
|---|---|---|
| Expense ratio | 0.69% | 0.50% |
| Net assets | $34m | $5m |
| Total return, 1 year | +6.2% | not published |
| What it tracks | SPY | SPY |
| Holdings in common | not published | |
CPSN: reference +12.6% since period start, fund +5.7%; buffer −1 to floor; cap +6.2%; At its cap.
PMNV: reference +12.8% since period start, fund +5.9%; buffer Floor; cap +7.1%; At its cap.
Both are already at their cap, so neither gains from more rise in the index before the period ends.
Where each one stands today
CPSN resets first, on Oct 30, 2026, 28 days from now; PMNV runs to Oct 31, 2026, 29 days. A fall from here reaches CPSN’s buffer after 5.9% and PMNV’s after 6.1%. Both track SPY, so what separates them is where each is in its own period.
Every figure is ETFIQ’s own, from the issuer’s published outcome-period terms. A buffer ETF holds FLEX options on its reference index rather than shares, so there is no holdings overlap between two of them to report.
Performance, window by window
| Total return | Gap to the reference | |||
|---|---|---|---|---|
| Window | CPSN | PMNV | CPSN | PMNV |
| 3 months | +2.1% | +2.1% | −1.5 pts | −1.5 pts |
| 6 months | +5.2% | +5.4% | −12.7 pts | −12.6 pts |
| 1 year | +6.2% | not published | −10.1 pts | not published |
CPSN and PMNV over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
CPSN and PMNV on the same fields, as of Oct 2, 2026. Source: ETFIQ.
CPSN in plain words
SPY had already risen past this fund's cap of +6.2% for the period on Oct 2, 2026, so in index terms there is no more upside to collect. The fund's price can fall 5.9% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 11.7% from today's level to the point where the buffer begins. Protection left, in index points: 99.4% of the 99.4% buffer still sits below today's SPY level. 28 days remained on Oct 2, 2026. On Oct 30, 2026 the period ends and a new cap is set.
PMNV in plain words
SPY had already risen past this fund's cap of +7.1% for the period on Oct 2, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 0.7% as the period runs out. The fund's price can fall 6.1% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 11.4% 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. 29 days remained on Oct 2, 2026. On Oct 31, 2026 the period ends and a new cap is set.
Questions people ask
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.
ETFIQ, CPSN against PMNV, data as of Oct 2, 2026. https://etfiq.com/compare/buffer/cpsn-vs-pmnv
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, CPSN against PMNV, data as of Oct 2, 2026. https://etfiq.com/compare/buffer/cpsn-vs-pmnv Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.
Other forms
- Plain
- ETFIQ, CPSN against PMNV, data as of Oct 2, 2026. https://etfiq.com/compare/buffer/cpsn-vs-pmnv
- APA
- ETFIQ. (Oct 2, 2026). CPSN against PMNV. Retrieved from https://etfiq.com/compare/buffer/cpsn-vs-pmnv
- Markdown
- [CPSN against PMNV (ETFIQ, Oct 2, 2026)](https://etfiq.com/compare/buffer/cpsn-vs-pmnv)