CPSU vs JNEU: Cap, Buffer & Days Left
As of Oct 13, 2026 JNEU can fall 2.0% before its buffer engages and CPSU 1.6%, and CPSU resets 3 days sooner. Net assets on Oct 13, 2026: $29m for Calamos S&P 500 ® Structured Alt Protection ETF - June and $43m for AllianzIM U.S. Equity Buffer15 Uncapped ETF - Jun.
CPSU costs 0.05 points a year less; their one-year returns differ by 8.7 points; JNEU is 1.5 times larger.
Points (pts) are percentage points.
| CPSU | JNEU | |
|---|---|---|
| Expense ratio | 0.69% | 0.74% |
| Net assets | $29m | $43m |
| Total return, 1 year | +4.9% | +13.6% |
| What it tracks | SPY | SPY |
| Holdings in common | not published | |
| Index fall to the buffer | 2.5% | 2.8% |
CPSU: reference +2.6% since period start, fund +1.4%; buffer Floor; cap +7.3%; Full floor. Figures to Oct 13, 2026.
Figures to Oct 13, 2026.
JNEU: reference +2.9% since period start, fund +1.3%; buffer 0 to −15; no cap; No cap. Figures to Oct 13, 2026.
JNEU: reference +2.9% since period start, fund +1.3%; buffer 0 to −15; no cap; No cap. Figures to Oct 13, 2026.
These are two different products. CPSU is a floor fund, which caps how far a holder can fall. JNEU 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
CPSU resets first, on May 28, 2027, 227 days from now; JNEU runs to May 31, 2027, 230 days. A fall from here reaches CPSU’s buffer after 1.6% and JNEU’s after 2.0%. 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 | JNEU | CPSU | JNEU |
| 3 months | +1.2% | +1.9% | −2.3 pts | −1.6 pts |
| 6 months | +2.1% | +10.4% | −9.9 pts | −1.6 pts |
| 1 year | +4.9% | +13.6% | −12.4 pts | −3.7 pts |
| Since launch Not the same days: CPSU Jun 2025 · JNEU Jun 2024 | +7.9% | +35.6% | −23.3 pts | −11.8 pts |
Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Source: ETFIQ. Open this comparison in the app →
On the same fields
As of Oct 13, 2026. Source: ETFIQ.
About CPSU
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 2.5% 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. 227 days remained on Oct 13, 2026. On May 28, 2027 the period ends and a new cap is set.
About JNEU
This fund has no cap. It takes a share of any further rise in SPY. The fund's price can fall 2.0% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 2.8% from today's level to the point where the buffer begins. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level. 230 days remained on Oct 13, 2026. On May 31, 2027 the period ends and new terms are 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.
Cite this pageCitation, APA and Markdown
ETFIQ, CPSU against JNEU, data as of Oct 13, 2026. https://etfiq.com/compare/buffer/cpsu-vs-jneu
ETFIQ. (Oct 13, 2026). CPSU against JNEU. Retrieved from https://etfiq.com/compare/buffer/cpsu-vs-jneu
[CPSU against JNEU (ETFIQ, Oct 13, 2026)](https://etfiq.com/compare/buffer/cpsu-vs-jneu)
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