Skip to content
etf.net

CPSL vs ZJUL

Calamos Laddered S&P 500 Structured Alt Protection ETF

CPSLACboe

Innovator Equity Defined Protection ETF - 1 Yr July

ZJULCCboe

Overlap

Expense ratio

CPSL −0.69pt a year

CPSL0.10%ZJUL0.79%

Avg volume · 30D

ZJUL 1.3×the volume

CPSL37.4KZJUL47.2K

CPSL vs ZJUL Performance

Oct 31, 2025 – Oct 30, 2026

+5.3%CPSL+5.0%ZJUL

Oct 31, 2025 to Oct 30, 2026. CPSL +5.3%. ZJUL +5.0%. Use the arrow keys to read each point.0%1%2%3%Oct 2025Apr 2026Oct 2026
Expense ratio
CPSL 0.10%, better
ZJUL 0.79%
Fund size
CPSL $163M
ZJUL $193M
1Y total return
CPSL +5.3%, better
ZJUL +5.0%
Holdings
CPSL 13
ZJUL 4
Avg volume (30D)
CPSL 37.4K sh
ZJUL 47.2K sh, better
NAV per share
CPSL $28.38
ZJUL $30.36
52W range

ETF.net Grade

CPSL: Cost 99, Risk 52, Mission not scored, Tradability 75, Holdings 93, Durability 69. ZJUL: Cost 21, Risk 47, Mission not scored, Tradability 86, Holdings 58, Durability 86.
Pillar letters and Scores for CPSL, ZJUL, with each pillar’s weight
PillarCPSLZJUL
Cost30% weightA99HigherF21
Mission25% weightNot scoredNot scored
Risk15% weightC52HigherC47
Tradability15% weightA75A86Higher
Holdings10% weightA93HigherB58
Durability5% weightB69A86Higher

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 ZJUL 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 ZJUL 17th 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 17CCPSUCalamos S&P 500 Structured Alt Protection ETF – JuneScore 46
  4. Rank 17CZJULInnovator Equity Defined Protection ETF - 1 Yr JulyScore 46
  5. Rank 19CTJULInnovator Equity Defined Protection ETFScore 44

CPSL vs ZJUL 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 ZJUL Cost

Overpaying ZJUL vs CPSL

$13,068

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

  • CPSL 0.10%

    $2,106

  • ZJUL 0.79%

    $15,174

$10,000
30 years

Cost over time

  • CPSL 0.10%
  • ZJUL 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$20K051015202530ZJUL $15,174CPSL $2,106

Year by year

YearCPSLZJULOverpaying
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%ZJUL
  • Middle half of S&P 500 Full Protection funds
  • Median 0.69%

CPSL cheapest of 27 funds

ZJUL 21st cheapest of 27 funds

CPSL vs ZJUL Dividends

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

Distribution history

CPSLAll CPSL payments⁠

No distribution history available.

ZJULAll ZJUL payments⁠

No distribution history available.

CPSL vs ZJUL 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 2024ZJUL 3.3%since Aug 2024
Return per unit of riskSharpe ratio, 3 years
CPSL 0.65since Oct 2024ZJUL 0.73since Aug 2024
Worst fallMax drawdown, 5 years
CPSL −3.7%since Sep 2024ZJUL −5.5%since Jul 2024
Market sensitivityBeta, 5 years
CPSL 0.17ZJUL 0.24

CPSL and ZJUL 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
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • ZJULCvsMMAXA

    Innovator Equity Defined Protection ETF - 1 Yr July · iShares Large Cap Max Buffer Mar ETF

    Expense ratio
    0.79% · 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.

  • ZJULCvsMAXJA

    Innovator Equity Defined Protection ETF - 1 Yr July · iShares Large Cap Max Buffer Jun ETF

    Expense ratio
    0.79% · 0.53%
    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.

  • ZJULCvsCPSNB

    Innovator Equity Defined Protection ETF - 1 Yr July · 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.