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CPSN vs HAUG

Calamos S&P 500 Structured Alt Protection ETF – November

CPSNBNYSE Arca

Corgi U.S. Equities 100% Structured Buffer ETF - August Series

HAUGCCboe

Overlap

Expense ratio

HAUG −0.39pt a year

CPSN0.69%HAUG0.30%

Avg volume · 30D

HAUG 4.1×the volume

CPSN3.17KHAUG13K

CPSN vs HAUG Performance

Aug 7, 2026 – Nov 9, 2026

+1.4%CPSN−0.5%HAUG

Aug 7, 2026 to Nov 9, 2026. CPSN +1.4%. HAUG −0.5%. Use the arrow keys to read each point.−1.5%−1%0%0.5%1%Aug 2026Sep 2026Nov 2026
Expense ratio
CPSN 0.69%
HAUG 0.30%, better
Fund size
CPSN $37M
HAUG $3M
1Y total return
CPSN +6.2%
HAUG No data
Holdings
CPSN 3
HAUG 4
Avg volume (30D)
CPSN 3.17K sh
HAUG 13K sh, better
NAV per share
CPSN $28.37
HAUG $24.92
52W range

ETF.net Grade

CPSN: Cost 62, Risk 59, Mission 88, Tradability 62, Holdings not scored, Durability 54. HAUG: Cost 91, Risk 28, Mission not scored, Tradability 59, Holdings not scored, Durability 5.
Pillar letters and Scores for CPSN, HAUG, with each pillar’s weight
PillarCPSNHAUG
Cost30% weightB62A91Higher
Mission25% weightA88Not scored
Risk15% weightB59HigherD28
Tradability15% weightB62HigherB59
Holdings10% weightNot scoredNot scored
Durability5% weightC54HigherF5

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. CPSN and HAUG 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 ›

CPSN ranks 4th and HAUG 22nd 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 3AMAXJiShares Large Cap Max Buffer Jun ETFScore 75
  4. Rank 4BCPSNCalamos S&P 500 Structured Alt Protection ETF – NovemberScore 60
  5. Rank 5BCPSPCalamos S&P 500 Structured Alt Protection ETF – AprilScore 56
  6. Rank 21CZJUNInnovator Equity Defined Protection ETF - 1 Yr JuneScore 41
  7. Rank 22CHAUGCorgi U.S. Equities 100% Structured Buffer ETF - August SeriesScore 40
  8. Rank 22CHJLYCorgi U.S. Equities 100% Structured Buffer ETF - July SeriesScore 40

Our read on each fund

ETF.net Research

CPSNBCalamos S&P 500 Structured Alt Protection ETF – November

HAUGCCorgi U.S. Equities 100% Structured Buffer ETF - August Series

In short

CPSN A one-year airbag strapped to the S&P 500: CPSN aims to shield 100% of index price losses over its outcome period, before fees, in exchange for a hard cap on the upside that resets every November.

HAUG No data

Stated mandate

CPSN The fund seeks positive S&P 500 price-return exposure up to a defined cap while protecting against 100% of losses over its one-year outcome period, before fees and expenses.

HAUG No data

Why people hold it

  • CPSN Aims to protect against 100% of S&P 500 price losses over its one-year outcome period, before fees and expenses. Not a partial buffer that can be used up.calamos.com
  • 0.69% expense ratio, level with the median for S&P 500 full-protection funds, and it sits in the upper half of that peer group overall.
  • Calamos runs the same structure across the calendar (CPSJ, CPSM, CPSP, CPSA), so a November start is one entry point among many rather than a single make-or-break date.
  • Every November a fresh one-year period opens with a newly set cap, so the terms re-price to current market conditions instead of locking in indefinitely.

HAUG No data

Worth knowing

  • CPSN The upside is capped, and the cap is reset each period from options pricing. Exposure is to S&P 500 price return, so index dividends are not part of the deal.calamos.com
  • The protection is stated before fees and expenses and applies to a full period held start to finish. Buy mid-period and your own cap and protection look different.calamos.com
  • A small, thinly traded fund inside a crowded family of monthly siblings. Spreads can be wider than at the household-name outcome ETFs, so limit orders matter.

HAUG No data

Full CPSN profile⁠

Full HAUG profile⁠

CPSN vs HAUG 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.

CPSN vs HAUG Cost

Overpaying CPSN vs HAUG

$7,280

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

  • CPSN 0.69%

    $13,429

  • HAUG 0.30%

    $6,149

$10,000
30 years

Cost over time

  • CPSN 0.69%
  • HAUG 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530CPSN $13,429HAUG $6,149

Year by year

YearCPSNHAUGOverpaying
10$1,232$545$687
20$4,697$2,113$2,584
30$13,429$6,149$7,280

Expense ratio

  • 0.69%CPSN
  • 0.30%HAUG, cheaper
  • Middle half of S&P 500 Full Protection funds
  • Median 0.69%

HAUG 2nd cheapest of 27 funds

CPSN 8th cheapest of 27 funds

CPSN vs HAUG Dividends

Last 12 months to Nov 9, 2026
Payout (12M)
CPSN None
HAUG None

Distribution history

CPSNAll CPSN payments⁠

No distribution history available.

HAUGAll HAUG payments⁠

No distribution history available.

CPSN vs HAUG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CPSN 2.4%since Dec 2024HAUG No data
Return per unit of riskSharpe ratio, 3 years
CPSN 0.82since Dec 2024HAUG No data
Worst fallMax drawdown, 5 years
CPSN −3.2%since Nov 2024HAUG No data
Market sensitivityBeta, 5 years
CPSN 0.18HAUG 0.00

CPSN and HAUG in the news

All news⁠

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