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CPNQ vs CPSL

Calamos Nasdaq-100 Structured Alt Protection ETF - December

CPNQBNYSE Arca

Calamos Laddered S&P 500 Structured Alt Protection ETF

CPSLACboe

Overlap

Expense ratio

CPSL −0.59pt a year

CPNQ0.69%CPSL0.10%

Avg volume · 30D

CPSL 5.0×the volume

CPNQ7.52KCPSL37.4K

CPNQ vs CPSL Performance

Oct 31, 2025 – Oct 30, 2026

+5.6%CPNQ+5.3%CPSL

Oct 31, 2025 to Oct 30, 2026. CPNQ +5.6%. CPSL +5.3%. Use the arrow keys to read each point.0%1%2%3%4%Oct 2025Apr 2026Oct 2026
Expense ratio
CPNQ 0.69%
CPSL 0.10%, better
Fund size
CPNQ $20M
CPSL $163M
1Y total return
CPNQ +5.6%, better
CPSL +5.3%
Holdings
CPNQ 3
CPSL 13
Avg volume (30D)
CPNQ 7.52K sh
CPSL 37.4K sh, better
NAV per share
CPNQ $27.81
CPSL $28.38
52W range

ETF.net Grade

CPNQ: Cost 62, Risk 47, Mission not scored, Tradability 62, Holdings not scored, Durability 36. CPSL: Cost 99, Risk 52, Mission not scored, Tradability 75, Holdings 93, Durability 69.
Pillar letters and Scores for CPNQ, CPSL, with each pillar’s weight
PillarCPNQCPSL
Cost30% weightB62A99Higher
Mission25% weightNot scoredNot scored
Risk15% weightC47C52Higher
Tradability15% weightB62A75Higher
Holdings10% weightNot scoredA93
Durability5% weightD36B69Higher

Rank among S&P 500 Full Protection funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. CPNQ and CPSL are both graded against the same 27 S&P 500 Full Protection funds, so their Grades compare head to head.

S&P 500 Full Protection⁠

Category · 27 funds
See all 27 ›

CPSL ranks 1st and CPNQ 5th of 27 funds in the S&P 500 Full Protection Category.

  1. Rank 1ACPSLCalamos Laddered S&P 500 Structured Alt Protection ETFScore 80
  2. Rank 2AMMAXiShares Large Cap Max Buffer Mar ETFScore 76
  3. Rank 4BCPSNCalamos S&P 500 Structured Alt Protection ETF – NovemberScore 59
  4. Rank 5BCPNQCalamos Nasdaq-100 Structured Alt Protection ETF - DecemberScore 56
  5. Rank 5BCPSOCalamos S&P 500 Structured Alt Protection ETF – OctoberScore 56

CPNQ vs CPSL Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CPNQ vs CPSL Cost

Overpaying CPNQ vs CPSL

$11,323

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • CPNQ 0.69%

    $13,429

  • CPSL 0.10%

    $2,106

$10,000
30 years

Cost over time

  • CPNQ 0.69%
  • CPSL 0.10%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530CPNQ $13,429CPSL $2,106

Year by year

YearCPNQCPSLOverpaying
10$1,232$183$1,049
20$4,697$717$3,980
30$13,429$2,106$11,323

Expense ratio

  • 0.69%CPNQ
  • 0.10%CPSL, cheaper
  • Middle half of S&P 500 Full Protection funds
  • Median 0.69%

CPSL cheapest of 27 funds

CPNQ 8th cheapest of 27 funds

CPNQ vs CPSL Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
CPNQ None
CPSL None

Distribution history

CPNQAll CPNQ payments⁠

No distribution history available.

CPSLAll CPSL payments⁠

No distribution history available.

CPNQ vs CPSL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CPNQ 2.8%since Jan 2025CPSL 2.3%since Oct 2024
Return per unit of riskSharpe ratio, 3 years
CPNQ 0.95since Jan 2025CPSL 0.65since Oct 2024
Worst fallMax drawdown, 5 years
CPNQ −3.5%since Dec 2024CPSL −3.7%since Sep 2024
Market sensitivityBeta, 5 years
CPNQ 0.20CPSL 0.17

CPNQ and CPSL in the news

All news⁠

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