{"url":"https://etfiq.com/compare/buffer/cpsy-vs-fdec","section":"compare","title":"CPSY vs FDEC: Cap, Buffer & Days Left | ETFIQ","description":"As of Oct 21, 2026 CPSY can fall 4.8% and FDEC 10.5% before its buffer engages, on SPY. CPSY ends on Dec 31, 2026 and FDEC on Dec 18, 2026.","as_of":"Oct 21, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which resets first, CPSY or FDEC?","acceptedAnswer":{"@type":"Answer","text":"CPSY ends its outcome period on Dec 31, 2026 and FDEC on Dec 18, 2026. A new cap is set the day after each."}},{"@type":"Question","name":"Which is cheaper, CPSY or FDEC?","acceptedAnswer":{"@type":"Answer","text":"CPSY charges 0.69% a year and FDEC charges 0.85%, so CPSY 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":"CPSY vs FDEC","item":"https://etfiq.com/compare/buffer/cpsy-vs-fdec"}]},{"@type":"WebPage","name":"CPSY vs FDEC: Cap, Buffer & Days Left","description":"As of Oct 21, 2026 CPSY can fall 4.8% and FDEC 10.5% before its buffer engages, on SPY. CPSY ends on Dec 31, 2026 and FDEC on Dec 18, 2026.","url":"https://etfiq.com/compare/buffer/cpsy-vs-fdec","dateModified":"2026-10-21","abstract":"As of Oct 21, 2026 FDEC can fall 10.5% before its buffer engages and CPSY 4.8%, and FDEC resets 13 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 CPSY and FDEC","description":"As of Oct 21, 2026 CPSY can fall 4.8% and FDEC 10.5% before its buffer engages, on SPY. CPSY ends on Dec 31, 2026 and FDEC on Dec 18, 2026.","dateModified":"2026-10-21","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/buffer/cpsy-vs-fdec","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":6224,"truncated":true,"content":"ETFIQ / Buffer ETFs / Compare ETFs / CPSY vs FDEC \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 21, 2026 .\n\n CPSY vs FDEC: Cap, Buffer & Days Left\n\n As of Oct 21, 2026 FDEC can fall 10.5% before its buffer engages and CPSY 4.8%, and FDEC resets 13 days sooner.\n Copy this for sharing \n \n CPSY costs 0.16 points a year less; their one-year returns differ by 8.1 points; FDEC is far larger, $1.3bn against $29m.\n CPSY and FDEC at a glance. As of Oct 21, 2026. Source: ETFIQ. CPSY FDEC \n Expense ratio 0.69% 0.85% \n Net assets $29m $1.3bn \n Total return, 1 year +6.0% +14.1% \n What it track","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, CPSY against FDEC, data as of Oct 21, 2026. https://etfiq.com/compare/buffer/cpsy-vs-fdec","a":{"ticker":"CPSY","name":"Calamos S&P 500 Structured Alt Protection ETF - January","issuer":"Calamos","desk":"buffer","as_of":"2026-10-21","verdict":"Since Jan 2, 2026, CPSY returned 4.5%, against 13.2% for SPY. It is at its cap.","url":"https://etfiq.com/funds/cpsy","key_facts":[{"label":"Fall before the buffer from today\u2019s fund price","value":"4.8%","as_of":"2026-10-21","source":null},{"label":"Protection left, index points","value":"100.0%","as_of":"2026-10-21","source":null},{"label":"Days to reset","value":"71","as_of":"2026-10-21","source":null},{"label":"Net assets","value":"$29m","as_of":"2026-10-21","source":"issuer page, as of Oct 21, 2026"},{"label":"Expense ratio","value":"0.69%","as_of":"2026-10-21","source":"issuer page, Oct 21, 2026"},{"label":"Reference index","value":"SPY","as_of":"2026-10-21","source":null}]},"b":{"ticker":"FDEC","name":"FT Vest U.S. Equity Buffer ETF - December","issuer":"First Trust","desk":"buffer","as_of":"2026-10-21","verdict":"Since Dec 22, 2025, FDEC returned 10.8%, against 13.6% for SPY. It can gain 2.8% more before its cap.","url":"https://etfiq.com/funds/fdec","key_facts":[{"label":"Can still gain from today\u2019s fund price","value":"2.8%","as_of":"2026-10-21","source":null},{"label":"Fall before the buffer from today\u2019s fund price","value":"10.5%","as_of":"2026-10-21","source":null},{"label":"Protection left, index points","value":"10.0%","as_of":"2026-10-21","source":null},{"label":"Days to reset","value":"58","as_of":"2026-10-21","source":null},{"label":"Net assets","value":"$1.3bn","as_of":"2026-10-21","source":"issuer page, as of Oct 21, 2026"},{"label":"Expense ratio","value":"0.85%","as_of":"2026-10-21","source":"issuer page, Oct 21, 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/cpsy-vs-fdec"}