CAAA vs CPNQ

Comparison between FIRST TRUST AAA CMBS ETF (CAAA, ETF) and CALAMOS NASDAQ-100 STRUCTURED ALT PROTECTION ETF - DECEMBER (CPNQ, ETF).

CAAA vs CPNQ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CAAA(ETF)	CPNQ(ETF)
Net Assets	$33M	$33M
Expense Ratio	0.30%	0.69%
Max Drawdown	3.67%	3.52%
Sharpe Ratio	0.35	1.62
5Y Beta	0.02	0.16

Net Assets

CAAA

$33M

CPNQ

$33M

Expense Ratio

Winner

CAAA

0.30%

CPNQ

0.69%

Max Drawdown

CAAA

3.67%

Winner

CPNQ

3.52%

Sharpe Ratio

CAAA

0.35

Winner

CPNQ

1.62

5Y Beta

Winner

CAAA

0.02

CPNQ

0.16

CAAA vs CPNQ - Historical Returns

Returns include dividend reinvestment.

Period	CAAA	CPNQ
1 month	-0.29%	+0.36%
3 months	-0.24%	+2.25%
6 months	+0.58%	+2.71%
1 year	+4.86%	+8.40%
Max(CAGR)	+5.74%	+7.08%

CAAA

-0.29%

Winner

CPNQ

+0.36%

CAAA

-0.24%

Winner

CPNQ

+2.25%

CAAA

+0.58%

Winner

CPNQ

+2.71%

CAAA

+4.86%

Winner

CPNQ

+8.40%

Max(CAGR)

CAAA

+5.74%

Winner

CPNQ

+7.08%

CAAA vs CPNQ - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	CAAA	CPNQ
2026	+0.41%	+2.68%
2025	+7.92%	+7.82%
2024	+4.65%	+0.22%

CAAA vs CPNQ Drawdown Comparison

The maximum drawdown for CAAA was -2.24%, occurring on Nov 13, 2024. Recovery took 107 trading sessions.

The maximum drawdown for CPNQ was -3.52%, occurring on Apr 4, 2025. Recovery took 61 trading sessions.

The current CAAA drawdown is -1.21%. The current CPNQ drawdown is -0.55%.

Rank	CAAA	CPNQ
#1	-2.24% Sep 17, 2024 - Feb 21, 2025	-3.52% Feb 19, 2025 - May 16, 2025
#2	-2.08% Feb 17, 2026 - Mar 27, 2026	-1.52% Jan 28, 2026 - Apr 13, 2026
#3	-1.63% Mar 27, 2024 - Jun 3, 2024	-0.68% Dec 16, 2024 - Jan 17, 2025
#4	-1.47% Apr 4, 2025 - Apr 28, 2025	-0.55% May 29, 2026 - Jun 5, 2026
#5	-1.01% Sep 15, 2025 - Oct 27, 2025	-0.55% Dec 10, 2025 - Dec 23, 2025
#6	-0.97% May 1, 2025 - Jun 4, 2025	-0.54% Jan 22, 2025 - Feb 5, 2025
#7	-0.90% Aug 5, 2024 - Aug 21, 2024	-0.44% Aug 14, 2025 - Aug 28, 2025
#8	-0.83% Nov 28, 2025 - Jan 12, 2026	-0.44% Jan 7, 2026 - Jan 26, 2026
#9	-0.83% Jun 30, 2025 - Aug 1, 2025	-0.44% Jul 28, 2025 - Aug 6, 2025
#10	-0.79% Mar 8, 2024 - Mar 27, 2024	-0.44% Oct 9, 2025 - Oct 20, 2025
#11	-0.72% Jun 18, 2024 - Jul 5, 2024	-0.42% May 19, 2025 - May 27, 2025
#12	-0.62% Jun 6, 2024 - Jun 13, 2024	-0.35% Aug 28, 2025 - Sep 4, 2025
#13	-0.59% Jul 16, 2024 - Jul 31, 2024	-0.32% Nov 12, 2025 - Nov 24, 2025
#14	-0.56% Jan 12, 2026 - Feb 5, 2026	-0.26% Dec 6, 2024 - Dec 11, 2024
#15	-0.53% Oct 27, 2025 - Nov 18, 2025	-0.24% Jun 12, 2025 - Jun 16, 2025