CGO vs USEP

Comparison between Calamos Global Total Return Fund (CGO, ETF) and Innovator U.S. Equity Ultra Buffer ETF - September (USEP, ETF).

5-Year PerformanceUSEP has outperformed CGO, delivering a return of +8.0% compared to +4.5%

CGO vs USEP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CGO(ETF)	USEP(ETF)
Net Assets	$152M	$152M
Expense Ratio	N/A	0.79%
Max Drawdown	67.04%	13.37%
Sharpe Ratio	0.90	1.32
5Y Beta	0.86	0.44
5Y Dividends CAGR	-2.64%	N/A

Net Assets

CGO

$152M

Winner

USEP

$152M

Expense Ratio

CGO

N/A

USEP

0.79%

Max Drawdown

CGO

67.04%

Winner

USEP

13.37%

Sharpe Ratio

CGO

0.90

Winner

USEP

1.32

5Y Beta

CGO

0.86

Winner

USEP

0.44

5Y Dividends CAGR

CGO

-2.64%

USEP

N/A

CGO vs USEP - Historical Returns

Returns include dividend reinvestment.

Period	CGO	USEP
1 month	-5.42%	+0.75%
3 months	+5.48%	+2.86%
6 months	+9.07%	+4.82%
1 year	+19.47%	+10.69%
5 years(CAGR)	+4.49%	+8.01%
10 years(CAGR)	+11.14%	N/A
Max(CAGR)	+8.59%	+7.96%

CGO

-5.42%

Winner

USEP

+0.75%

Winner

CGO

+5.48%

USEP

+2.86%

Winner

CGO

+9.07%

USEP

+4.82%

Winner

CGO

+19.47%

USEP

+10.69%

5Y(CAGR)

CGO

+4.49%

Winner

USEP

+8.01%

10Y(CAGR)

CGO

+11.14%

USEP

N/A

Max(CAGR)

Winner

CGO

+8.59%

USEP

+7.96%

CGO vs USEP - Annual Returns (2005 - 2026)

Returns include dividend reinvestment.

Year	CGO	USEP
2026	+16.48%	+5.32%
2025	+8.42%	+11.84%
2024	+37.84%	+12.74%
2023	+13.13%	+19.03%
2022	-36.67%	-8.14%
2021	+13.85%	+6.46%
2020	+19.97%	+6.87%
2019	+42.30%	+3.60%
2018	-26.75%	N/A
2017	+55.88%	N/A
2016	+4.65%	N/A
2015	-4.42%	N/A
2014	+3.20%	N/A
2013	+11.09%	N/A
2012	+7.36%	N/A
2011	+0.18%	N/A
2010	+10.10%	N/A
2009	+57.16%	N/A
2008	-45.30%	N/A
2007	+23.11%	N/A
2006	+28.24%	N/A
2005	-4.84%	N/A

CGO vs USEP Drawdown Comparison

The maximum drawdown for CGO was -59.93%, occurring on Oct 9, 2008. Recovery took 734 trading sessions.

The maximum drawdown for USEP was -13.37%, occurring on Mar 23, 2020. Recovery took 105 trading sessions.

The current CGO drawdown is -7.55%. The current USEP drawdown is -0.40%.

Rank	CGO	USEP
#1	-59.93% Dec 7, 2007 - Nov 5, 2010	-13.37% Feb 12, 2020 - Jul 14, 2020
#2	-50.77% Feb 13, 2020 - Aug 28, 2020	-11.84% Jan 4, 2022 - Jun 13, 2023
#3	-43.70% Sep 7, 2021 - Sep 9, 2025	-9.72% Feb 19, 2025 - Jun 9, 2025
#4	-34.62% Jan 25, 2018 - Dec 26, 2019	-4.64% Sep 1, 2023 - Nov 14, 2023
#5	-27.59% Jul 21, 2015 - Feb 24, 2017	-4.03% Feb 25, 2026 - Apr 13, 2026
#6	-22.13% Jul 19, 2007 - Oct 11, 2007	-3.12% Sep 2, 2020 - Nov 5, 2020
#7	-21.55% May 2, 2011 - Mar 29, 2012	-2.43% Jul 31, 2023 - Aug 29, 2023
#8	-16.41% Jul 14, 2014 - Apr 28, 2015	-2.21% Jul 31, 2024 - Aug 13, 2024
#9	-15.24% Feb 26, 2026 - Apr 17, 2026	-2.17% Mar 28, 2024 - May 6, 2024
#10	-15.13% Mar 12, 2013 - Dec 24, 2013	-2.05% Sep 2, 2021 - Oct 21, 2021
#11	-14.31% Apr 2, 2012 - Jan 14, 2013	-2.02% Oct 27, 2025 - Dec 4, 2025
#12	-11.93% Oct 28, 2005 - May 8, 2006	-1.85% Aug 28, 2024 - Sep 13, 2024
#13	-10.89% Aug 7, 2017 - Oct 27, 2017	-1.54% Dec 11, 2024 - Jan 21, 2025
#14	-10.14% Sep 19, 2025 - Jan 13, 2026	-1.39% Nov 8, 2021 - Dec 23, 2021
#15	-9.54% Oct 14, 2020 - Nov 9, 2020	-1.34% Oct 8, 2025 - Oct 23, 2025

Correlation

Correlation between CGO and USEP is 0.81 which considered as a strong positive correlation - the stocks tend to move together.

0.81

-101

Dividend Comparison (2005 - 2026)

CGO vs USEP dividend yield comparison.

Year	CGO	USEP
2026	3.80%	0.00%
2025	8.43%	0.00%
2024	8.43%	0.00%
2023	10.57%	0.00%
2022	12.68%	0.00%
2021	7.80%	0.00%
2020	8.18%	0.00%
2019	8.96%	0.64%
2018	11.81%	0.00%
2017	7.97%	0.00%
2016	11.40%	0.00%
2015	10.51%	0.00%
2014	9.08%	0.00%
2013	8.56%	0.00%
2012	8.73%	0.00%
2011	8.80%	0.00%
2010	8.28%	0.00%
2009	8.36%	0.00%
2008	14.64%	0.00%
2007	6.71%	0.00%
2006	5.88%	0.00%
2005	0.71%	0.00%