{"url":"https://etfiq.com/compare/buffer/cpsr-vs-pmmr","section":"compare","title":"CPSR vs PMMR: Cap, Buffer & Days Left | ETFIQ","description":"As of Oct 22, 2026 CPSR can fall 3.5% and PMMR 3.7% before its buffer engages, on SPY. CPSR ends on Feb 26, 2027 and PMMR on Feb 28, 2027.","as_of":"Oct 22, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which resets first, CPSR or PMMR?","acceptedAnswer":{"@type":"Answer","text":"CPSR ends its outcome period on Feb 26, 2027 and PMMR on Feb 28, 2027. A new cap is set the day after each."}},{"@type":"Question","name":"Which is cheaper, CPSR or PMMR?","acceptedAnswer":{"@type":"Answer","text":"CPSR charges 0.69% a year and PMMR charges 0.50%, so PMMR is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Buffer ETFs","item":"https://etfiq.com/buffer/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"CPSR vs PMMR","item":"https://etfiq.com/compare/buffer/cpsr-vs-pmmr"}]},{"@type":"WebPage","name":"CPSR vs PMMR: Cap, Buffer & Days Left","description":"As of Oct 22, 2026 CPSR can fall 3.5% and PMMR 3.7% before its buffer engages, on SPY. CPSR ends on Feb 26, 2027 and PMMR on Feb 28, 2027.","url":"https://etfiq.com/compare/buffer/cpsr-vs-pmmr","dateModified":"2026-10-22","abstract":"As of Oct 22, 2026 PMMR can fall 3.7% before its buffer engages and CPSR 3.5%, and CPSR resets 2 days sooner.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of CPSR and PMMR","description":"As of Oct 22, 2026 CPSR can fall 3.5% and PMMR 3.7% before its buffer engages, on SPY. CPSR ends on Feb 26, 2027 and PMMR on Feb 28, 2027.","dateModified":"2026-10-22","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/buffer/cpsr-vs-pmmr","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/funds.json"}],"variableMeasured":["Remaining cap","Fall before the buffer engages","Protection left in index points","Starting buffer","Outcome period","Reference index return","Fund return","Days remaining","Expense ratio"],"keywords":["exchange-traded funds","ETF","Buffer ETFs","fund data","SEC filings"]}],"characters":5766,"truncated":true,"content":"ETFIQ / Buffer ETFs / Compare ETFs / CPSR vs PMMR \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 22, 2026 .\n\n CPSR vs PMMR: Cap, Buffer & Days Left\n\n As of Oct 22, 2026 PMMR can fall 3.7% before its buffer engages and CPSR 3.5%, and CPSR resets 2 days sooner.\n Copy this for sharing \n \n PMMR costs 0.19 points a year less; their one-year returns differ by 0.1 points; CPSR is 6.2 times larger.\n CPSR and PMMR at a glance. As of Oct 22, 2026. Source: ETFIQ. CPSR PMMR \n Expense ratio 0.69% 0.50% \n Net assets $34m $6m \n Total return, 1 year +5.6% +5.7% \n What it tracks SPY SPY \n Holdings ","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, CPSR against PMMR, data as of Oct 22, 2026. https://etfiq.com/compare/buffer/cpsr-vs-pmmr","a":{"ticker":"CPSR","name":"Calamos S&P 500 Structured Alt Protection ETF - March","issuer":"Calamos","desk":"buffer","as_of":"2026-10-22","verdict":"Since Mar 2, 2026, CPSR returned 3.2%, against 11.3% for SPY. It is at its cap.","url":"https://etfiq.com/funds/cpsr","key_facts":[{"label":"Fall before the buffer from today\u2019s fund price","value":"3.5%","as_of":"2026-10-22","source":null},{"label":"Protection left, index points","value":"100.0%","as_of":"2026-10-22","source":null},{"label":"Days to reset","value":"127","as_of":"2026-10-22","source":null},{"label":"Net assets","value":"$34m","as_of":"2026-10-22","source":"issuer page, as of Oct 22, 2026"},{"label":"Expense ratio","value":"0.69%","as_of":"2026-10-22","source":"issuer page, Oct 22, 2026"},{"label":"Reference index","value":"SPY","as_of":"2026-10-22","source":null}]},"b":{"ticker":"PMMR","name":"PGIM S&P 500 Max Buffer ETF - March","issuer":"PGIM","desk":"buffer","as_of":"2026-10-22","verdict":"Since Mar 1, 2026, PMMR returned 3.3%, against 11.4% for SPY. It can gain 2.4% more before its cap.","url":"https://etfiq.com/funds/pmmr","key_facts":[{"label":"Can still gain from today\u2019s fund price","value":"2.4%","as_of":"2026-10-22","source":null},{"label":"Fall before the buffer from today\u2019s fund price","value":"3.7%","as_of":"2026-10-22","source":null},{"label":"Protection left, index points","value":"100.0%","as_of":"2026-10-22","source":null},{"label":"Days to reset","value":"129","as_of":"2026-10-22","source":null},{"label":"Net assets","value":"$6m","as_of":"2026-10-22","source":"issuer page, as of Oct 22, 2026"},{"label":"Expense ratio","value":"0.50%","as_of":"2026-10-22","source":"issuer data, Oct 22, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/buffer/cpsr-vs-pmmr"}