AFSM vs CPSL

Comparison between FIRST TRUST ACTIVE FACTOR SMALL CAP ETF (AFSM, ETF) and Calamos Laddered S&P 500 Structured Alt Protection ETF (CPSL, ETF).

AFSM vs CPSL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	AFSM(ETF)	CPSL(ETF)
Net Assets	$115M	$115M
Expense Ratio	0.75%	0.79%
Max Drawdown	43.54%	3.72%
Sharpe Ratio	1.54	0.99
5Y Beta	1.02	0.17
P/E Ratio	18.52	N/A
Forward P/E	13.10	N/A
5Y Dividends CAGR	17.16%	N/A
5Y EPS CAGR	11.46%	N/A
Debt to Equity	17.08%	N/A
P/S Ratio	1.18	N/A
P/B Ratio	2.23	N/A

Net Assets

AFSM

$115M

Winner

CPSL

$115M

Expense Ratio

Winner

AFSM

0.75%

CPSL

0.79%

Max Drawdown

AFSM

43.54%

Winner

CPSL

3.72%

Sharpe Ratio

Winner

AFSM

1.54

CPSL

0.99

5Y Beta

AFSM

1.02

Winner

CPSL

0.17

P/E Ratio

AFSM

18.52

CPSL

N/A

Forward P/E

AFSM

13.10

CPSL

N/A

5Y Dividends CAGR

AFSM

17.16%

CPSL

N/A

5Y EPS CAGR

AFSM

11.46%

CPSL

N/A

Debt to Equity

AFSM

17.08%

CPSL

N/A

P/S Ratio

AFSM

1.18

CPSL

N/A

P/B Ratio

AFSM

2.23

CPSL

N/A

AFSM vs CPSL - Holdings Comparison

AFSM and CPSL have 0 common holdings. Overlap is 0.00%

AFSM's top 25 holdings weight is 16.93%. CPSL's top 25 holdings weight is 99.91%.

Rank	AFSM	CPSL
#1	PAR PACIFIC HOLDINGS INC (PARR) - 1.01%	CALAMOS S&P 500 STR ALT PRT ETF-APR (CPSP) - 8.38%
#2	PENGUIN SOLUTIONS INC (PENG) - 0.98%	CALAMOS S&P 500 STR ALT PRT ETF-AUG (CPSA) - 8.34%
#3	NATIONAL HEALTHCARE CORP (NHC) - 0.98%	CALAMOS S&P 500 STR ALT PRT ETF-OCT (CPSO) - 8.34%
#4	BLUE BIRD CORP (BLBD) - 0.94%	CALAMOS S&P 500 STR ALT PRT ETF-NOV (CPSN) - 8.33%
#5	MATSON INC (MATX) - 0.81%	CALAMOS S&P 500 STR ALT PRT ETF-FEB (CPSF) - 8.32%
#6	AMES NATIONAL CORP (ATLO) - 0.77%	CALAMOS S&P 500 STR ALT PRT ETF-DEC (CPSD) - 8.32%
#7	LIQUIDIA CORP ORDINARY SHARES (LQDA) - 0.74%	CALAMOS S&P 500 STR ALT PRT ETF-JUL (CPSJ) - 8.32%
#8	TRUSTCO BANK CORP N Y (TRST) - 0.71%	CALAMOS S&P 500 STR ALT PRT ETF-MAR (CPSR) - 8.32%
#9	KULICKE & SOFFA INDUSTRIES INC (KLIC) - 0.71%	CALAMOS S&P 500 STR ALT PRT ETF-SEP (CPST) - 8.32%
#10	RIGEL PHARMACEUTICALS INC (RIGL) - 0.68%	CALAMOS S&P 500 STR ALT PRT ETF-JAN (CPSY) - 8.31%
#11	NLIGHT INC (LASR) - 0.66%	CALAMOS S&P 500 STR ALT PRT ETF-JUN (CPSU) - 8.31%
#12	CARPENTER TECHNOLOGY CORP (CRS) - 0.66%	CALAMOS S&P 500 STR ALT PRT ETF-MAY (CPSM) - 8.30%
#13	ETON PHARMACEUTICALS INC (ETON) - 0.65%	N/A
#14	n/a (SPHR) - 0.64%	N/A
#15	APPLE HOSPITALITY REIT INC (APLE) - 0.64%	N/A
#16	GARRETT MOTION INC ORDINARY SHARES NEW (GTX) - 0.62%	N/A
#17	INTERFACE INC (TILE) - 0.62%	N/A
#18	CATHAY GENERAL BANCORP (CATY) - 0.61%	N/A
#19	MERCURY GENERAL CORP (MCY) - 0.61%	N/A
#20	KRYSTAL BIOTECH INC (KRYS) - 0.60%	N/A
#21	KENNAMETAL INC (KMT) - 0.47%	N/A
#22	IES HOLDINGS INC (IESC) - 0.46%	N/A
#23	ZIFF DAVIS INC (ZD) - 0.46%	N/A
#24	n/a (AMAL) - 0.45%	N/A
#25	CONSTELLIUM SE CLASS A (n/a) - 0.45%	N/A
Total Holdings	295	12

AFSM vs CPSL - Historical Returns

Returns include dividend reinvestment.

Period	AFSM	CPSL
1 month	+1.58%	+0.57%
3 months	+11.93%	+1.48%
6 months	+15.92%	+2.79%
1 year	+35.61%	+6.08%
5 years(CAGR)	+10.28%	N/A
Max(CAGR)	+11.99%	+6.44%

Winner

AFSM

+1.58%

CPSL

+0.57%

Winner

AFSM

+11.93%

CPSL

+1.48%

Winner

AFSM

+15.92%

CPSL

+2.79%

Winner

AFSM

+35.61%

CPSL

+6.08%

5Y(CAGR)

AFSM

+10.28%

CPSL

N/A

Max(CAGR)

Winner

AFSM

+11.99%

CPSL

+6.44%

AFSM vs CPSL - Annual Returns (2019 - 2026)

Returns include dividend reinvestment.

Year	AFSM	CPSL
2026	+22.81%	+2.95%
2025	+9.99%	+6.49%
2024	+10.93%	+2.32%
2023	+22.85%	N/A
2022	-17.86%	N/A
2021	+27.36%	N/A
2020	+8.73%	N/A
2019	+2.63%	N/A

AFSM vs CPSL Drawdown Comparison

The maximum drawdown for AFSM was -43.54%, occurring on Mar 23, 2020. Recovery took 224 trading sessions.

The maximum drawdown for CPSL was -3.72%, occurring on Apr 4, 2025. Recovery took 59 trading sessions.

The current AFSM drawdown is -1.80%.

Rank	AFSM	CPSL
#1	-43.54% Jan 16, 2020 - Dec 4, 2020	-3.72% Feb 20, 2025 - May 15, 2025
#2	-28.27% Nov 16, 2021 - Feb 15, 2024	-1.18% Feb 25, 2026 - Apr 8, 2026
#3	-25.07% Nov 11, 2024 - Sep 11, 2025	-0.63% Nov 12, 2025 - Nov 25, 2025
#4	-9.56% Feb 26, 2026 - Apr 14, 2026	-0.58% May 19, 2025 - Jun 3, 2025
#5	-9.26% Jul 31, 2024 - Oct 14, 2024	-0.55% Dec 13, 2024 - Dec 26, 2024
#6	-8.21% Mar 15, 2021 - Apr 26, 2021	-0.51% Oct 28, 2024 - Nov 6, 2024
#7	-8.17% Feb 12, 2021 - Mar 12, 2021	-0.51% Jan 6, 2025 - Jan 17, 2025
#8	-8.05% Sep 18, 2025 - Dec 10, 2025	-0.46% Jun 3, 2025 - Jun 12, 2025
#9	-7.71% Jul 1, 2021 - Aug 27, 2021	-0.43% Jun 2, 2026 - Jun 15, 2026
#10	-7.54% Mar 28, 2024 - May 15, 2024	-0.43% Jun 16, 2026 - Jul 2, 2026
#11	-6.30% Apr 27, 2021 - Jun 1, 2021	-0.39% Dec 26, 2024 - Jan 6, 2025
#12	-5.51% May 15, 2024 - Jul 15, 2024	-0.35% Sep 23, 2024 - Oct 14, 2024
#13	-4.91% Sep 2, 2021 - Oct 20, 2021	-0.35% Jul 29, 2025 - Aug 7, 2025
#14	-4.84% Jun 8, 2021 - Jul 1, 2021	-0.33% Oct 1, 2025 - Oct 21, 2025
#15	-4.45% Jan 22, 2021 - Feb 4, 2021	-0.31% Jun 12, 2025 - Jun 16, 2025