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CPSL vs ZFEB

Calamos Laddered S&P 500 Structured Alt Protection ETF

CPSLACboe

Innovator Equity Defined Protection ETF - 1 Yr February

ZFEBCCboe

Overlap

Expense ratio

CPSL −0.69pt a year

CPSL0.10%ZFEB0.79%

Avg volume · 30D

CPSL 4.0×the volume

CPSL37.4KZFEB9.24K

CPSL vs ZFEB Performance

Oct 31, 2025 – Oct 30, 2026

+5.3%CPSL+5.3%ZFEB

Oct 31, 2025 to Oct 30, 2026. CPSL +5.3%. ZFEB +5.3%. Use the arrow keys to read each point.0%1%2%3%6%Oct 2025Apr 2026Oct 2026
Expense ratio
CPSL 0.10%, better
ZFEB 0.79%
Fund size
CPSL $163M
ZFEB $145M
1Y total return
CPSL +5.3%
ZFEB +5.3%
Holdings
CPSL 13
ZFEB 3
Avg volume (30D)
CPSL 37.4K sh, better
ZFEB 9.24K sh
NAV per share
CPSL $28.38
ZFEB $26.44
52W range

ETF.net Grade

CPSL: Cost 99, Risk 52, Mission not scored, Tradability 75, Holdings 93, Durability 69. ZFEB: Cost 21, Risk 52, Mission not scored, Tradability 77, Holdings not scored, Durability 72.
Pillar letters and Scores for CPSL, ZFEB, with each pillar’s weight
PillarCPSLZFEB
Cost30% weightA99HigherF21
Mission25% weightNot scoredNot scored
Risk15% weightC52C52
Tradability15% weightA75A77Higher
Holdings10% weightA93Not scored
Durability5% weightB69A72Higher

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. CPSL and ZFEB 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 ZFEB 19th 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 19CTJULInnovator Equity Defined Protection ETFScore 44
  4. Rank 19CZFEBInnovator Equity Defined Protection ETF - 1 Yr FebruaryScore 44
  5. Rank 21CZJUNInnovator Equity Defined Protection ETF - 1 Yr JuneScore 41

CPSL vs ZFEB 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.

CPSL vs ZFEB Cost

Overpaying ZFEB vs CPSL

$13,068

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

  • CPSL 0.10%

    $2,106

  • ZFEB 0.79%

    $15,174

$10,000
30 years

Cost over time

  • CPSL 0.10%
  • ZFEB 0.79%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530ZFEB $15,174CPSL $2,106

Year by year

YearCPSLZFEBOverpaying
10$183$1,405$1,222
20$717$5,331$4,614
30$2,106$15,174$13,068

Expense ratio

  • 0.10%CPSL, cheaper
  • 0.79%ZFEB
  • Middle half of S&P 500 Full Protection funds
  • Median 0.69%

CPSL cheapest of 27 funds

ZFEB 21st cheapest of 27 funds

CPSL vs ZFEB Dividends

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

Distribution history

CPSLAll CPSL payments⁠

No distribution history available.

ZFEBAll ZFEB payments⁠

No distribution history available.

CPSL vs ZFEB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CPSL 2.3%since Oct 2024ZFEB 2.2%since Mar 2025
Return per unit of riskSharpe ratio, 3 years
CPSL 0.65since Oct 2024ZFEB 0.90since Mar 2025
Worst fallMax drawdown, 5 years
CPSL −3.7%since Sep 2024ZFEB −3.0%since Feb 2025
Market sensitivityBeta, 5 years
CPSL 0.17ZFEB 0.16

CPSL and ZFEB in the news

All news⁠

Popular comparisons

  • CPSLAvsMMAXA

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

    Expense ratio
    0.10% · 0.53%
    Category
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  • ZFEBCvsMMAXA

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  • ZFEBCvsMAXJA

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    Expense ratio
    0.79% · 0.53%
    Category
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  • CPSLAvsCPSNB

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    Expense ratio
    0.10% · 0.69%
    Category
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  • ZFEBCvsCPSNB

    Innovator Equity Defined Protection ETF - 1 Yr February · Calamos S&P 500 Structured Alt Protection ETF – November

    Expense ratio
    0.79% · 0.69%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.