---
ticker: "CPSL"
name: "Calamos ETF Trust - Laddered S&P 500 Structured Alt Protection ETF"
url: "https://etf.net/etf/CPSL"
grade: "A"
score: 79
graded_at: "2026-10-12"
category: "S&P 500 Full Protection"
category_rank: "1 of 39"
methodology: "https://etf.net/methodology"
---

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

Grade **A**, Score 79 of 100. Rank 1 of 39 in S&P 500 Full Protection.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 99 | 1 of 39 |
| Mission | Not scored | — |
| Risk | 41 | 31 of 38 |
| Tradability | 82 | 8 of 39 |
| Holdings | 93 | 1 of 12 |
| Durability | 70 | 9 of 39 |

## Top holdings

The fund holds 13 positions. These are the largest 13, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | CPSO | Calamos S&P 500 Structured Alt Protection ETF - October | 8.38% |
| 2 | CPSN | Calamos S&P 500 Structured Alt Protection ETF - November | 8.36% |
| 3 | CPSD | Calamos S&P 500 Structured Alt Protection ETF - December | 8.34% |
| 4 | CPSY | Calamos S&P 500 Structured Alt Protection ETF - January | 8.34% |
| 5 | CPSA | Calamos S&P 500 Structured Alt Protection ETF - August | 8.33% |
| 6 | CPSF | Calamos S&P 500 Structured Alt Protection ETF - February | 8.33% |
| 7 | CPSR | Calamos S&P 500 Structured Alt Protection ETF - March | 8.32% |
| 8 | CPSJ | Calamos S&P 500 Structured Alt Protection ETF - July | 8.32% |
| 9 | CPST | Calamos S&P 500 Structured Alt Protection ETF - September | 8.31% |
| 10 | CPSP | Calamos S&P 500 Structured Alt Protection ETF - April | 8.31% |
| 11 | CPSM | Calamos S&P 500 Structured Alt Protection ETF - May | 8.30% |
| 12 | CPSU | Calamos S&P 500 Structured Alt Protection ETF - June | 8.29% |
| 13 | — | Us Dollar | 0.08% |

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