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CPSL vs ZMAR

Calamos Laddered S&P 500 Structured Alt Protection ETF

CPSLACboe

Innovator Equity Defined Protection ETF - 1 Yr March

ZMARDCboe

Overlap

Expense ratio

CPSL −0.69pt a year

CPSL0.10%ZMAR0.79%

Avg volume · 30D

CPSL 7.3×the volume

CPSL37.4KZMAR5.11K

CPSL vs ZMAR Performance

Oct 31, 2025 – Oct 30, 2026

+5.3%CPSL+5.7%ZMAR

Oct 31, 2025 to Oct 30, 2026. CPSL +5.3%. ZMAR +5.7%. Use the arrow keys to read each point.0%1%2%3%4%Oct 2025Apr 2026Oct 2026
Expense ratio
CPSL 0.10%, better
ZMAR 0.79%
Fund size
CPSL $163M
ZMAR $109M
1Y total return
CPSL +5.3%
ZMAR +5.7%, better
Holdings
CPSL 13
ZMAR 5
Avg volume (30D)
CPSL 37.4K sh, better
ZMAR 5.11K sh
NAV per share
CPSL $28.38
ZMAR $28.77
52W range

ETF.net Grade

CPSL: Cost 99, Risk 52, Mission not scored, Tradability 75, Holdings 93, Durability 69. ZMAR: Cost 21, Risk 63, Mission not scored, Tradability 45, Holdings 58, Durability 65.
Pillar letters and Scores for CPSL, ZMAR, with each pillar’s weight
PillarCPSLZMAR
Cost30% weightA99HigherF21
Mission25% weightNot scoredNot scored
Risk15% weightC52B63Higher
Tradability15% weightA75HigherC45
Holdings10% weightA93HigherB58
Durability5% weightB69HigherB65

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 ZMAR 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 ZMAR 26th 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 22CMAYCCorgi U.S. Equities 10% Structured Buffer ETF - May SeriesScore 40
  4. Rank 26DZMARInnovator Equity Defined Protection ETF - 1 Yr MarchScore 39
  5. Rank 27DTAPRInnovator Equity Defined Protection ETFScore 28

CPSL vs ZMAR 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 ZMAR Cost

Overpaying ZMAR vs CPSL

$13,068

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

  • CPSL 0.10%

    $2,106

  • ZMAR 0.79%

    $15,174

$10,000
30 years

Cost over time

  • CPSL 0.10%
  • ZMAR 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$20K051015202530ZMAR $15,174CPSL $2,106

Year by year

YearCPSLZMAROverpaying
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%ZMAR
  • Middle half of S&P 500 Full Protection funds
  • Median 0.69%

CPSL cheapest of 27 funds

ZMAR 21st cheapest of 27 funds

CPSL vs ZMAR Dividends

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

Distribution history

CPSLAll CPSL payments⁠

No distribution history available.

ZMARAll ZMAR payments⁠

No distribution history available.

CPSL vs ZMAR 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 2024ZMAR 1.7%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
CPSL 0.65since Oct 2024ZMAR 1.73since Apr 2025
Worst fallMax drawdown, 5 years
CPSL −3.7%since Sep 2024ZMAR −2.3%since Mar 2025
Market sensitivityBeta, 5 years
CPSL 0.17ZMAR 0.14

CPSL and ZMAR in the news

All news⁠

Popular comparisons

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    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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  • ZMARDvsMMAXA

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  • ZMARDvsMAXJA

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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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  • ZMARDvsCPSNB

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

    Expense ratio
    0.79% · 0.69%
    Category
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