CPNM vs XLVI

Comparison between CALAMOS NASDAQ-100 STRUCTURED ALT PROTECTION ETF - MARCH (CPNM, ETF) and STATE STREET(R) HEALTH CARE SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)HEALTH CARE SELECT SECTOR SPDR(R) PREMIUM INCOME ETF (XLVI, ETF).

CPNM vs XLVI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CPNM(ETF)	XLVI(ETF)
Net Assets	$15M	$15M
Expense Ratio	0.69%	0.35%
Max Drawdown	1.91%	10.56%
Sharpe Ratio	1.80	1.20
5Y Beta	0.13	0.34

Net Assets

Winner

CPNM

$15M

XLVI

$15M

Expense Ratio

CPNM

0.69%

Winner

XLVI

0.35%

Max Drawdown

Winner

CPNM

1.91%

XLVI

10.56%

Sharpe Ratio

Winner

CPNM

1.80

XLVI

1.20

5Y Beta

Winner

CPNM

0.13

XLVI

0.34

CPNM vs XLVI - Historical Returns

Returns include dividend reinvestment.

Period	CPNM	XLVI
1 month	+0.29%	+4.53%
3 months	+2.15%	+3.68%
6 months	+3.32%	+3.72%
1 year	+7.50%	+15.34%
Max(CAGR)	+7.46%	+17.88%

CPNM

+0.29%

Winner

XLVI

+4.53%

CPNM

+2.15%

Winner

XLVI

+3.68%

CPNM

+3.32%

Winner

XLVI

+3.72%

CPNM

+7.50%

Winner

XLVI

+15.34%

Max(CAGR)

CPNM

+7.46%

Winner

XLVI

+17.88%

CPNM vs XLVI - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	CPNM	XLVI
2026	+2.76%	+1.93%
2025	+6.65%	+12.78%

CPNM vs XLVI Drawdown Comparison

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

The maximum drawdown for XLVI was -8.14%, occurring on Mar 27, 2026. This drawdown has not yet recovered.

The current CPNM drawdown is -0.21%. The current XLVI drawdown is -1.18%.

Rank	CPNM	XLVI
#1	-1.91% Mar 5, 2025 - May 2, 2025	-8.14% Feb 27, 2026 - Mar 27, 2026
#2	-1.03% Mar 10, 2026 - Apr 8, 2026	-3.52% Jul 30, 2025 - Aug 14, 2025
#3	-0.64% Oct 29, 2025 - Nov 25, 2025	-3.02% Nov 26, 2025 - Dec 15, 2025
#4	-0.52% Jun 2, 2026 - Jun 10, 2026	-2.28% Jan 26, 2026 - Feb 6, 2026
#5	-0.38% Aug 14, 2025 - Aug 28, 2025	-1.59% Sep 11, 2025 - Sep 30, 2025
#6	-0.37% Feb 2, 2026 - Feb 9, 2026	-1.38% Jan 12, 2026 - Jan 21, 2026
#7	-0.34% Oct 8, 2025 - Oct 20, 2025	-1.31% Feb 6, 2026 - Feb 18, 2026
#8	-0.28% May 19, 2025 - May 27, 2025	-1.08% Oct 27, 2025 - Nov 6, 2025
#9	-0.24% Jul 29, 2025 - Aug 4, 2025	-0.80% Dec 15, 2025 - Dec 22, 2025
#10	-0.23% Aug 28, 2025 - Sep 5, 2025	-0.48% Nov 12, 2025 - Nov 21, 2025
#11	-0.21% May 2, 2025 - May 12, 2025	-0.46% Jan 22, 2026 - Jan 26, 2026
#12	-0.19% May 14, 2026 - May 20, 2026	-0.42% Feb 18, 2026 - Feb 23, 2026
#13	-0.19% Jun 16, 2025 - Jun 23, 2025	-0.40% Oct 9, 2025 - Oct 15, 2025
#14	-0.17% Jan 12, 2026 - Jan 22, 2026	-0.39% Dec 24, 2025 - Jan 6, 2026
#15	-0.17% Dec 22, 2025 - Dec 24, 2025	-0.39% Jan 7, 2026 - Jan 12, 2026