CPSU vs DLMY: Cap, Buffer & Days Left
As of Oct 9, 2026 DLMY can fall 5.1% before its buffer engages and CPSU 1.6%, and DLMY resets 7 days sooner. Net assets on Oct 9, 2026: $29m for Calamos S&P 500 ® Structured Alt Protection ETF - June and $12m for FT Vest U.S. Equity Dual Directional Buffer ETF - May.
CPSU costs 0.16 points a year less; CPSU is 2.3 times larger.
| CPSU | DLMY | |
|---|---|---|
| Expense ratio | 0.69% | 0.85% |
| Net assets | $29m | $12m |
| Total return, 1 year | +4.9% | not published |
| What it tracks | SPY | SPY |
| Holdings in common | not published | |
| Index fall to the buffer | 2.6% | 5.1% |
CPSU: reference +2.6% since period start, fund +1.5%; buffer Floor; cap +7.3%; Full floor. Figures to Oct 9, 2026.
Figures to Oct 9, 2026.
DLMY: reference +5.3% since period start, fund +4.4%; buffer 0 to −10; cap +14.1%; Between buffer and cap. Figures to Oct 9, 2026.
DLMY: reference +5.3% since period start, fund +4.4%; buffer 0 to −10; cap +14.1%; Between buffer and cap. Figures to Oct 9, 2026.
These are two different products. CPSU is a floor fund, which caps how far a holder can fall. DLMY is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.
Where each one stands today
DLMY resets first, on May 21, 2027, 224 days from now; CPSU runs to May 28, 2027, 231 days. A fall from here reaches CPSU’s buffer after 1.6% and DLMY’s after 5.1%. Both track SPY, so what separates them is where each is in its own period.
Performance, window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | CPSU | DLMY | CPSU | DLMY |
| 3 months | +1.4% | +2.7% | −1.8 pts | −0.5 pts |
| 6 months | +2.4% | not published | −12.2 pts | not published |
| 1 year | +4.9% | not published | −11.1 pts | not published |
Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
As of Oct 9, 2026. Source: ETFIQ.
CPSU in plain words
The fund's price can fall 1.6% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 2.6% 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. 231 days remained on Oct 9, 2026. On May 28, 2027 the period ends and a new cap is set.
DLMY in plain words
From its price on Oct 9, 2026, the fund can gain about 8.4% more before it reaches its cap. The fund's price can fall 5.1% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 5.1% 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. 224 days remained on Oct 9, 2026. On May 21, 2027 the period ends and a new cap is set.
Questions people ask
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
ETFIQ calculates every figure 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 figure is an ETFIQ calculation with distributions reinvested.
ETFIQ, CPSU against DLMY, data as of Oct 9, 2026. https://etfiq.com/compare/buffer/cpsu-vs-dlmy
ETFIQ. (Oct 9, 2026). CPSU against DLMY. Retrieved from https://etfiq.com/compare/buffer/cpsu-vs-dlmy
[CPSU against DLMY (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/buffer/cpsu-vs-dlmy)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.