---
ticker: "CPRY"
name: "Calamos Russell 2000 Structured Alt Protection ETF – January"
url: "https://etf.net/etf/CPRY"
grade: "A"
score: 72
graded_at: "2026-10-12"
category: "Other Floor Protected"
category_rank: "4 of 24"
methodology: "https://etf.net/methodology"
---

# CPRY: Calamos Russell 2000 Structured Alt Protection ETF – January

Grade **A**, Score 72 of 100. Rank 4 of 24 in Other Floor Protected.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 78 | 2 of 24 |
| Mission | Not scored | — |
| Risk | 76 | 7 of 24 |
| Tradability | 62 | 6 of 24 |
| Holdings | Not scored | — |
| Durability | 65 | 6 of 24 |

## Top holdings

The fund holds 3 positions. These are the largest 3, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | iShares Russell 2000 ETF (IWM) Long Call Option | 106.91% |
| 2 | — | iShares Russell 2000 ETF (IWM) Long Put Option | 0.78% |
| 3 | — | Us Dollar | 0.25% |

Source: etf.net, https://etf.net/etf/CPRY. Please cite the page URL.