Skip to content
etf.net

CPSD vs CPSL

Calamos S&P 500 Structured Alt Protection ETF - December

CPSDCNYSE Arca

Calamos Laddered S&P 500 Structured Alt Protection ETF

CPSLACboe

Overlap

Expense ratio

CPSL −0.59pt a year

CPSD0.69%CPSL0.10%

Avg volume · 30D

CPSL 26.3×the volume

CPSD1.4KCPSL36.8K

CPSD vs CPSL Performance

Nov 7, 2025 – Nov 9, 2026

+6.2%CPSD+5.4%CPSL

Nov 7, 2025 to Nov 9, 2026. CPSD +6.2%. CPSL +5.4%. Use the arrow keys to read each point.0%1%2%3%4%Nov 2025May 2026Nov 2026
Expense ratio
CPSD 0.69%
CPSL 0.10%, better
Fund size
CPSD $46M
CPSL $165M
1Y total return
CPSD +6.2%, better
CPSL +5.4%
Holdings
CPSD 3
CPSL 13
Avg volume (30D)
CPSD 1.4K sh
CPSL 36.8K sh, better
NAV per share
CPSD $27.12
CPSL $28.26
52W range

ETF.net Grade

CPSD: Cost 62, Risk 59, Mission not scored, Tradability 30, Holdings not scored, Durability 47. CPSL: Cost 99, Risk 46, Mission not scored, Tradability 78, Holdings 75, Durability 72.
Pillar letters and Scores for CPSD, CPSL, with each pillar’s weight
PillarCPSDCPSL
Cost30% weightB62A99Higher
Mission25% weightNot scoredNot scored
Risk15% weightB59HigherC46
Tradability15% weightD30A78Higher
Holdings10% weightNot scoredA75
Durability5% weightC47A72Higher

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. CPSD 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 CPSD 10th of 27 funds in the S&P 500 Full Protection Category.

  1. Rank 1ACPSLCalamos Laddered S&P 500 Structured Alt Protection ETFScore 79
  2. Rank 2AMMAXiShares Large Cap Max Buffer Mar ETFScore 76
  3. Rank 10CCPNQCalamos Nasdaq-100 Structured Alt Protection ETF - DecemberScore 52
  4. Rank 10CCPSDCalamos S&P 500 Structured Alt Protection ETF - DecemberScore 52
  5. Rank 12CCPSMCalamos S&P 500 Structured Alt Protection ETF – MayScore 51

CPSD 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.

CPSD vs CPSL Cost

Overpaying CPSD vs CPSL

$11,323

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

  • CPSD 0.69%

    $13,429

  • CPSL 0.10%

    $2,106

$10,000
30 years

Cost over time

  • CPSD 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$15K051015202530CPSD $13,429CPSL $2,106

Year by year

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

Expense ratio

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

CPSL cheapest of 27 funds

CPSD 8th cheapest of 27 funds

CPSD vs CPSL Dividends

Last 12 months to Nov 9, 2026
Payout (12M)
CPSD None
CPSL None

Distribution history

CPSDAll CPSD payments⁠

No distribution history available.

CPSLAll CPSL payments⁠

No distribution history available.

CPSD vs CPSL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CPSD 2.7%since Jan 2025CPSL 2.3%since Oct 2024
Return per unit of riskSharpe ratio, 3 years
CPSD 0.95since Jan 2025CPSL 0.65since Oct 2024
Worst fallMax drawdown, 5 years
CPSD −3.5%since Dec 2024CPSL −3.7%since Sep 2024
Market sensitivityBeta, 5 years
CPSD 0.19CPSL 0.17

CPSD and CPSL in the news

All news⁠

Popular comparisons

  • CPSDCvsMMAXA

    Calamos S&P 500 Structured Alt Protection ETF - December · iShares Large Cap Max Buffer Mar ETF

    Expense ratio
    0.69% · 0.53%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CPSLAvsMMAXA

    Calamos Laddered S&P 500 Structured Alt Protection ETF · iShares Large Cap Max Buffer Mar ETF

    Expense ratio
    0.10% · 0.53%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CPSDCvsMAXJA

    Calamos S&P 500 Structured Alt Protection ETF - December · iShares Large Cap Max Buffer Jun ETF

    Expense ratio
    0.69% · 0.53%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CPSLAvsMAXJA

    Calamos Laddered S&P 500 Structured Alt Protection ETF · iShares Large Cap Max Buffer Jun ETF

    Expense ratio
    0.10% · 0.53%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CPSDCvsCPSNB

    Calamos S&P 500 Structured Alt Protection ETF - December · Calamos S&P 500 Structured Alt Protection ETF – November

    Expense ratio
    0.69% · 0.69%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CPSLAvsCPSNB

    Calamos Laddered S&P 500 Structured Alt Protection ETF · Calamos S&P 500 Structured Alt Protection ETF – November

    Expense ratio
    0.10% · 0.69%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.