AAA vs CPSD

Comparison between ALTERNATIVE ACCESS FIRST PRIORITY CLO BOND ETF (AAA, ETF) and Calamos S&P 500 Structured Alt Protection ETF December (CPSD, ETF).

AAA vs CPSD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	AAA(ETF)	CPSD(ETF)
Net Assets	$45M	$45M
Expense Ratio	0.25%	0.69%
Max Drawdown	4.47%	3.45%
Sharpe Ratio	0.46	1.25
5Y Beta	0.02	0.15
5Y Dividends CAGR	46.05%	N/A

Net Assets

AAA

$45M

CPSD

$45M

Expense Ratio

Winner

AAA

0.25%

CPSD

0.69%

Max Drawdown

AAA

4.47%

Winner

CPSD

3.45%

Sharpe Ratio

AAA

0.46

Winner

CPSD

1.25

5Y Beta

Winner

AAA

0.02

CPSD

0.15

5Y Dividends CAGR

AAA

46.05%

CPSD

N/A

AAA vs CPSD - Historical Returns

Returns include dividend reinvestment.

Period	AAA	CPSD
1 month	+0.25%	+0.34%
3 months	+1.16%	+1.69%
6 months	+2.27%	+2.92%
1 year	+4.87%	+7.40%
5 years(CAGR)	+4.69%	N/A
Max(CAGR)	+4.11%	+6.53%

AAA

+0.25%

Winner

CPSD

+0.34%

AAA

+1.16%

Winner

CPSD

+1.69%

AAA

+2.27%

Winner

CPSD

+2.92%

AAA

+4.87%

Winner

CPSD

+7.40%

5Y(CAGR)

AAA

+4.69%

CPSD

N/A

Max(CAGR)

AAA

+4.11%

Winner

CPSD

+6.53%

AAA vs CPSD - Annual Returns (2020 - 2026)

Returns include dividend reinvestment.

Year	AAA	CPSD
2026	+2.52%	+3.08%
2025	+4.82%	+7.85%
2024	+6.58%	+0.04%
2023	+8.96%	N/A
2022	+0.23%	N/A
2021	+0.88%	N/A
2020	+0.32%	N/A

AAA vs CPSD Drawdown Comparison

The maximum drawdown for AAA was -2.63%, occurring on Jul 6, 2022. Recovery took 260 trading sessions.

The maximum drawdown for CPSD was -3.45%, occurring on Apr 7, 2025. Recovery took 77 trading sessions.

The current AAA drawdown is -0.17%.

Rank	AAA	CPSD
#1	-2.63% Dec 16, 2021 - Dec 29, 2022	-3.45% Feb 19, 2025 - Jun 10, 2025
#2	-2.40% Mar 6, 2025 - May 2, 2025	-1.49% Feb 25, 2026 - Apr 13, 2026
#3	-0.66% Feb 22, 2023 - Apr 6, 2023	-0.88% Nov 12, 2025 - Nov 24, 2025
#4	-0.66% Sep 9, 2020 - Nov 20, 2020	-0.85% Dec 16, 2024 - Jan 21, 2025
#5	-0.60% Feb 26, 2026 - Apr 1, 2026	-0.70% Jul 25, 2025 - Aug 8, 2025
#6	-0.57% Jul 3, 2025 - Jul 31, 2025	-0.62% Oct 8, 2025 - Oct 20, 2025
#7	-0.56% Dec 16, 2025 - Dec 23, 2025	-0.57% Jan 24, 2025 - Feb 6, 2025
#8	-0.48% May 19, 2025 - Jun 2, 2025	-0.54% Aug 22, 2025 - Aug 28, 2025
#9	-0.47% Nov 30, 2023 - Dec 6, 2023	-0.51% Jun 3, 2026 - Jun 15, 2026
#10	-0.46% Jun 2, 2026 - Jul 1, 2026	-0.47% Aug 28, 2025 - Sep 8, 2025
#11	-0.45% Jul 6, 2026 - Jul 20, 2026	-0.40% Aug 13, 2025 - Aug 22, 2025
#12	-0.42% Apr 17, 2026 - May 8, 2026	-0.37% Jun 22, 2026 - Jul 1, 2026
#13	-0.38% Apr 1, 2026 - Apr 17, 2026	-0.37% Feb 6, 2025 - Feb 18, 2025
#14	-0.38% Jul 31, 2024 - Aug 13, 2024	-0.36% Feb 2, 2026 - Feb 9, 2026
#15	-0.37% Aug 1, 2025 - Aug 22, 2025	-0.34% Jan 13, 2026 - Jan 26, 2026