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CPSL

GradeAChicago Board Options Exchange

Calamos ETF Trust - Laddered S&P 500 Structured Alt Protection ETF

Floor Protected · Calamos · Inception 2024-09-09 · SEC filings

$28.30−0.05 (−0.18%)

As of Sep 23, 2026, 3:04 PM EDT

History starts Sep 9, 2024.
Intraday session: down, 15 prints from 28.35 to 28.30. Range 28.30 to 28.38. Use the arrow keys to read each point.$28.32$28.34$28.36$28.3810 AM12 PM2 PM4 PM
Expense ratio
0.10%
Fund size
$154M
1Y return
+5.7%
Yield · Last 12 months
—
Volume · 30D
0M sh
NAV per share
$28.32
52W range
low $26.78high $28.40

The ETF.net CPSL Grade

A

81/ 100

Rank 1 of 39 in S&P 500 Full Protection⁠

Confidence Medium

Six-pillar profile for CPSL. Scores out of 100: Cost 99, Risk 44, Mission not scored, Tradability 88, Holdings 94, Durability 70. Strongest: Cost (99). Weakest: Risk (44). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 81 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 99
    Category rank2/39 · top 5%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 44
    Category rank28/37 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 88
    Category rank6/39 · top 15%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 94
    Category rank1/12 · top 8%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 70
    Category rank10/39 · top 26%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

CPSL Holdings

As of Sep 20, 2026, 9:03 AM
Asset class
Stocks
Holdings
—
Top-10 weight
83%
Largest holding
CPSN8.4%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001CPSNCalamos S&P 500 Structured Alt Protection ETF - November8.37%451,329$13M1
002CPSOCalamos S&P 500 Structured Alt Protection ETF - October8.36%448,853$13M1
003CPSYCalamos S&P 500 Structured Alt Protection ETF - January8.35%486,366$13M1
004CPSDCalamos S&P 500 Structured Alt Protection ETF - December8.35%467,999$13M1
005CPSRCalamos S&P 500 Structured Alt Protection ETF - March8.33%483,822$13M1
006CPSFCalamos S&P 500 Structured Alt Protection ETF - February8.33%476,272$13M1
007CPSJCalamos S&P 500 Structured Alt Protection ETF - July8.33%452,329$13M1
008CPSPCalamos S&P 500 Structured Alt Protection ETF - April8.32%464,378$13M1
009CPSACalamos S&P 500 Structured Alt Protection ETF - August8.31%450,622$13M1
010CPSTCalamos S&P 500 Structured Alt Protection ETF - September8.31%449,728$13M1
011CPSMCalamos S&P 500 Structured Alt Protection ETF - May8.30%427,005$13M1
012CPSUCalamos S&P 500 Structured Alt Protection ETF - June8.27%451,422$13M1
013—US DOLLAR0.08%121,682$122K231

Showing 1–13 of 13 holdings

CPSL Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

CPSL$10,570
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. CPSL $10,570. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for CPSL. Periods over one year show the average yearly return.
PeriodCPSL
Year to date+4.2%
1 month+0.4%
3 months+1.6%
1 year+5.7%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for CPSL
YearReturn barCPSL
2026 YTD+4.2%
2025+6.4%
2024+2.3%

Since listing, Sep 9, 2024

CPSL in the news

ETF.net Research hasn’t filed on CPSL yet — coverage lands here as it’s written.

CPSL Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

CPSL Risk

How much the fund’s monthly returns vary, scaled to a year.
2.4%
Annualised · 23 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.72
vs 3-month T-bills · 23 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−3.7%
24 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.17
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

CPSL Cost

Expense ratio0.10%
  • The middle half of S&P 500 Full Protection funds
  • Median 0.69%

No S&P 500 Full Protection fund charges less.

CPSL costs $10.00 a year on $10,000. The median S&P 500 Full Protection fund costs $69.00.