Data as of Nov 4, 2026.
CPSU vs PMJN: Cap, Buffer & Days Left
As of Nov 4, 2026 PMJN can fall 1.9% before its buffer engages and CPSU 1.6%, and CPSU resets 3 days sooner.
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Net assets on Nov 4, 2026: $30m for Calamos S&P 500 Structured Alt Protection ETF - June and $10m for PGIM S&P 500 Max Buffer ETF - June.
CPSU: reference +1.1% since period start, fund +1.4%; buffer Floor; cap +7.3%; Full floor. Data to Nov 4, 2026.
Data to Nov 4, 2026.PMJN: reference +1.4% since period start, fund +1.4%; buffer Floor; cap +7.4%; Full floor. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
PMJN costs 0.19 points a year less; their one-year returns differ by 0.1 points; CPSU is 3.0 times larger.
Points (pts) are percentage points.
| Measure | CPSU | PMJN |
|---|---|---|
| Return | ||
| Total return, 1 year | +4.7% | +4.8% |
| Drawdown | ||
| Index fall to the buffer | 1.1% | 1.4% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.69% | 0.50% |
| Net assets | $30m | $10m |
| Holdings | ||
| Holdings in common | not published | |
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | CPSU | PMJN | CPSU | PMJN |
| 3 months | +0.6% | +0.7% | +1.0 pts | +1.1 pts |
| 6 months | +1.7% | +1.7% | −2.8 pts | −2.8 pts |
| 1 year | +4.7% | +4.8% | −8.9 pts | −8.7 pts |
| Since launchCPSU Jun 2025 · PMJN Jun 2025 | +7.9% | +8.2% | −21.4 pts | −21.2 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.
Where each one stands today
CPSU resets first, on May 28, 2027, 205 days from now; PMJN runs to May 31, 2027, 208 days. A fall from here reaches CPSU’s buffer after 1.6% and PMJN’s after 1.9%. Both track SPY, so what separates them is where each is in its own period.
CPSU
The fund's price can fall 1.6% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 1.1% 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. 205 days remained on Nov 4, 2026. On May 28, 2027 the period ends and a new cap is set.
PMJN
From its price on Nov 4, 2026, the fund can gain about 5.4% more before it reaches its cap. The fund's price can fall 1.9% 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. 208 days remained on Nov 4, 2026. On May 31, 2027 the period ends and a new cap is set.
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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, CPSU against PMJN, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/cpsu-vs-pmjn
ETFIQ. (Nov 4, 2026). CPSU against PMJN. Retrieved from https://etfiq.com/compare/buffer/cpsu-vs-pmjn
[CPSU against PMJN (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/cpsu-vs-pmjn)
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