Data as of Nov 4, 2026.
CPSN vs SIXZ: Cap, Buffer & Days Left
As of Nov 4, 2026 SIXZ can fall 1.2% before its buffer engages and CPSN 0.3%, and SIXZ resets 182 days sooner.
askIQ about this page
askIQ about CPSN and SIXZ
Net assets: $36m on Nov 4, 2026 for Calamos S&P 500 Structured Alt Protection ETF - November, and $64m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer10 ETF - May.
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.SIXZ: reference +1.5% since period start, fund +0.9%; buffer 0 to −10; cap +8.3%; Between buffer and cap. Data to Nov 4, 2026.
SIXZ: reference +1.5% since period start, fund +0.9%; buffer 0 to −10; cap +8.3%; Between buffer and cap. Data to Nov 4, 2026.Pair scorecard
CPSN costs 0.05 points a year less; their one-year returns differ by 5.0 points; SIXZ is 1.9 times larger.
Points (pts) are percentage points.
| Measure | CPSN | SIXZ |
|---|---|---|
| Return | ||
| Total return, 1 year | +6.4% | +11.4% |
| Drawdown | ||
| Index fall to the buffer | 1.9% | 1.4% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.69% | 0.74% |
| Net assets, as of Nov 3, 2026 | $34m | $64m |
| Holdings | ||
| Holdings in common | not published | |
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | CPSN | SIXZ | CPSN | SIXZ |
| 3 months | +1.8% | +2.3% | +2.2 pts | +2.7 pts |
| 6 months | +3.5% | +4.7% | −1.0 pts | +0.2 pts |
| 1 year | +6.4% | +11.4% | −7.1 pts | −2.1 pts |
| Since launchNot the same days: CPSN Nov 2024 · SIXZ May 2024 | +13.4% | +30.2% | −20.8 pts | −23.1 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.
These are two different products. CPSN is a floor fund, which caps how far a holder can fall. SIXZ is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.
They do not reset together. SIXZ has 177 days of its period left and CPSN has 359, so the two are not the same bet on the same months.
Where each one stands today
SIXZ resets first, on Apr 30, 2027, 177 days from now; CPSN runs to Oct 29, 2027, 359 days. A fall from here reaches CPSN’s buffer after 0.3% and SIXZ’s after 1.2%. Both track SPY, so what separates them is where each is in its own period.
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.
SIXZ
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 1.4% 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. 177 days remained on Nov 4, 2026. On Apr 30, 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, CPSN against SIXZ, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/cpsn-vs-sixz
ETFIQ. (Nov 4, 2026). CPSN against SIXZ. Retrieved from https://etfiq.com/compare/buffer/cpsn-vs-sixz
[CPSN against SIXZ (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/cpsn-vs-sixz)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.