CPNM vs RKLZ

Comparison between CALAMOS NASDAQ-100 STRUCTURED ALT PROTECTION ETF - MARCH (CPNM, ETF) and Defiance Daily Target 2x Short RKLB ETF (RKLZ, ETF).

CPNM vs RKLZ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CPNM(ETF)	RKLZ(ETF)
Net Assets	$15M	$15M
Expense Ratio	0.69%	N/A
Max Drawdown	1.91%	99.10%
Sharpe Ratio	1.09	-1.37
5Y Beta	0.13	-7.56

Net Assets

CPNM

$15M

RKLZ

$15M

Expense Ratio

CPNM

0.69%

RKLZ

N/A

Max Drawdown

Winner

CPNM

1.91%

RKLZ

99.10%

Sharpe Ratio

Winner

CPNM

1.09

RKLZ

-1.37

5Y Beta

CPNM

0.13

Winner

RKLZ

-7.56

CPNM vs RKLZ - Historical Returns

Returns include dividend reinvestment.

Period	CPNM	RKLZ
1 month	+0.13%	+35.41%
3 months	+0.77%	-59.72%
6 months	+2.41%	-75.76%
1 year	+6.00%	N/A
Max(CAGR)	+6.83%	-99.34%

CPNM

+0.13%

Winner

RKLZ

+35.41%

Winner

CPNM

+0.77%

RKLZ

-59.72%

Winner

CPNM

+2.41%

RKLZ

-75.76%

CPNM

+6.00%

RKLZ

N/A

Max(CAGR)

Winner

CPNM

+6.83%

RKLZ

-99.34%

CPNM vs RKLZ - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	CPNM	RKLZ
2026	+2.77%	-83.99%
2025	+6.65%	-74.92%

CPNM vs RKLZ Drawdown Comparison

The maximum drawdown for CPNM was -1.91%, occurring on Apr 4, 2025. Recovery took 41 trading sessions.

The maximum drawdown for RKLZ was -99.10%, occurring on May 27, 2026. This drawdown has not yet recovered.

The current CPNM drawdown is -0.29%. The current RKLZ drawdown is -97.10%.

Rank	CPNM	RKLZ
#1	-1.91% Mar 5, 2025 - May 2, 2025	-99.10% Nov 20, 2025 - May 27, 2026
#2	-1.03% Mar 10, 2026 - Apr 8, 2026	-4.20% Nov 18, 2025 - Nov 20, 2025
#3	-0.64% Oct 29, 2025 - Nov 25, 2025	N/A
#4	-0.52% Jun 2, 2026 - Jun 15, 2026	N/A
#5	-0.38% Aug 14, 2025 - Aug 28, 2025	N/A
#6	-0.37% Jun 15, 2026 - Jul 10, 2026	N/A
#7	-0.37% Feb 2, 2026 - Feb 9, 2026	N/A
#8	-0.34% Oct 8, 2025 - Oct 20, 2025	N/A
#9	-0.29% Jul 10, 2026 - Jul 24, 2026	N/A
#10	-0.28% May 19, 2025 - May 27, 2025	N/A
#11	-0.24% Jul 29, 2025 - Aug 4, 2025	N/A
#12	-0.23% Aug 28, 2025 - Sep 5, 2025	N/A
#13	-0.21% May 2, 2025 - May 12, 2025	N/A
#14	-0.19% May 14, 2026 - May 20, 2026	N/A
#15	-0.19% Jun 16, 2025 - Jun 23, 2025	N/A