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CPNQ vs MAXJ

Calamos Nasdaq-100 Structured Alt Protection ETF - December

CPNQBNYSE Arca

iShares Large Cap Max Buffer Jun ETF

MAXJACboe

Overlap

Expense ratio

MAXJ −0.16pt a year

CPNQ0.69%MAXJ0.53%

Avg volume · 30D

MAXJ 5.0×the volume

CPNQ7.52KMAXJ37.6K

CPNQ vs MAXJ Performance

Oct 31, 2025 – Oct 30, 2026

+5.6%CPNQ+5.8%MAXJ

Oct 31, 2025 to Oct 30, 2026. CPNQ +5.6%. MAXJ +5.8%. Use the arrow keys to read each point.0%1%2%3%4%Oct 2025Apr 2026Oct 2026
Expense ratio
CPNQ 0.69%
MAXJ 0.53%, better
Fund size
CPNQ $20M
MAXJ $163M
1Y total return
CPNQ +5.6%
MAXJ +5.8%, better
Yield (12M)
CPNQ No data
MAXJ 0.96%
Holdings
CPNQ 3
MAXJ 5
Avg volume (30D)
CPNQ 7.52K sh
MAXJ 37.6K sh, better
NAV per share
CPNQ $27.81
MAXJ $29.54
52W range

ETF.net Grade

CPNQ: Cost 62, Risk 47, Mission not scored, Tradability 62, Holdings not scored, Durability 36. MAXJ: Cost 83, Risk 51, Mission not scored, Tradability 82, Holdings 58, Durability 88.
Pillar letters and Scores for CPNQ, MAXJ, with each pillar’s weight
PillarCPNQMAXJ
Cost30% weightB62A83Higher
Mission25% weightNot scoredNot scored
Risk15% weightC47C51Higher
Tradability15% weightB62A82Higher
Holdings10% weightNot scoredB58
Durability5% weightD36A88Higher

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 MAXJ 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 ›

MAXJ ranks 3rd 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 3AMAXJiShares Large Cap Max Buffer Jun ETFScore 75
  4. Rank 4BCPSNCalamos S&P 500 Structured Alt Protection ETF – NovemberScore 59
  5. Rank 5BCPNQCalamos Nasdaq-100 Structured Alt Protection ETF - DecemberScore 56
  6. Rank 5BCPSOCalamos S&P 500 Structured Alt Protection ETF – OctoberScore 56

CPNQ vs MAXJ 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 MAXJ Cost

Overpaying CPNQ vs MAXJ

$2,893

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

  • CPNQ 0.69%

    $13,429

  • MAXJ 0.53%

    $10,536

$10,000
30 years

Cost over time

  • CPNQ 0.69%
  • MAXJ 0.53%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530CPNQ $13,429MAXJ $10,536

Year by year

YearCPNQMAXJOverpaying
10$1,232$953$279
20$4,697$3,658$1,039
30$13,429$10,536$2,893

Expense ratio

  • 0.69%CPNQ
  • 0.53%MAXJ, cheaper
  • Middle half of S&P 500 Full Protection funds
  • Median 0.69%

MAXJ 6th cheapest of 27 funds

CPNQ 8th cheapest of 27 funds

CPNQ vs MAXJ Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
CPNQ No data
MAXJ 0.96%
Payout (12M)
CPNQ None
MAXJ $0.28
Last payment
CPNQ No data
MAXJ $0.28
Ex-dividend
CPNQ No data
MAXJ Dec 23, 2025
Paid on
CPNQ No data
MAXJ Dec 29, 2025
Frequency
CPNQ No data
MAXJ Annual

Distribution history

Per share, 2024 to 2026, same scale for both

CPNQAll CPNQ payments⁠

No distribution history available.

MAXJAnnual · 2 paymentsAll MAXJ payments⁠
One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 30, 2024 $0.21; Dec 23, 2025 $0.28. Use the arrow keys to read each point.$0$0.252026YTD

CPNQ vs MAXJ 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 2025MAXJ 4.1%since Aug 2024
Return per unit of riskSharpe ratio, 3 years
CPNQ 0.95since Jan 2025MAXJ 0.88since Aug 2024
Worst fallMax drawdown, 5 years
CPNQ −3.5%since Dec 2024MAXJ −6.3%since Jul 2024
Market sensitivityBeta, 5 years
CPNQ 0.20MAXJ 0.30

CPNQ and MAXJ in the news

All news⁠

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