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CPSLCalamos Laddered S&P 500 Structured Alt Protection ETF

Stay safeGrow my money#126 of 280 for Stay safe

Seeks to provide investors with capital appreciation.

Calamos · Since 2024 (1 year)

Annual Cost

0.79%

#3848 out of 5,332 ETFs

Fund Size

$108M

#2666 out of 5,332 ETFs

Dividend Yield

0.00%

Track Record

1 year

#3881 out of 5,332 ETFs

Performance

1 Year

+8.6%

3 Years

N/A

5 Years

N/A

What's inside

Asset class
alternative
Region
north america
Strategy
structured outcome

Asset allocation

Stocks
90.6%
Bonds
8.3%
Cash
1.0%
Other
0.0%

Top holdings

Calamos S&P 500 Str Alt Prt ETF-MarCPSR8.4%
Calamos S&P 500 Str Alt Prt ETF-AprCPSP8.3%
Calamos S&P 500 Str Alt Prt ETF-FebCPSF8.3%
Calamos S&P 500 Str Alt Prt ETF-JunCPSU8.3%
Calamos S&P 500 Str Alt Prt ETF-JulCPSJ8.3%
Calamos S&P 500 Str Alt Prt ETF-AugCPSA8.3%
Calamos S&P 500 Str Alt Prt ETF-MayCPSM8.3%
Calamos S&P 500 Str Alt Prt ETF-OctCPSO8.3%
Calamos S&P 500 Str Alt Prt ETF-JanCPSY8.3%
Calamos S&P 500 Str Alt Prt ETF-SepCPST8.3%

Risk profile

Volatility (1Y)

2.6%

Moderate

Max drawdown

-3.7%

Worst peak-to-trough loss

Sharpe (3Y)

N/A

Sortino (3Y)

N/A

Similar ETFs

CPSM

Calamos S&P 500 Structured Alt Protection ETF - May

TER 0.69%3Y N/A
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CPST

Calamos S&P 500 Structured Alt Protection ETF - September

TER 0.69%3Y N/A
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CPSF

Calamos S&P 500 Structured Alt Protection ETF - February

TER 0.69%3Y N/A
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Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Buffer
Warning

Buffer ETF — downside protection at a cost

Defined-outcome funds cap upside (typically 8–20%) in exchange for partial downside protection (9–30%), priced via options. Fees are materially higher than the underlying index (often 0.70%+ vs 0.03–0.10%). For most pre-retirees, a simple stock/bond mix achieves similar downside behaviour at a fraction of the cost.

Source: Morningstar, 'Defined-Outcome ETFs: Useful or Uneconomic?' (2023)

Why we flagged this: strategy=structured_outcome + structured_outcome_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

Data updated on 2026-05-05