CPNQ vs CAAA
Comparison between CALAMOS NASDAQ-100 STRUCTURED ALT PROTECTION ETF - DECEMBER (CPNQ, ETF) and FIRST TRUST AAA CMBS ETF (CAAA, ETF).
CPNQ vs CAAA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
CPNQ
$33M
CAAA
$33M
Expense Ratio
CPNQ
0.69%
Winner
CAAA
0.30%
Max Drawdown
Winner
CPNQ
3.52%
CAAA
3.67%
Sharpe Ratio
Winner
CPNQ
1.62
CAAA
0.35
5Y Beta
CPNQ
0.16
Winner
CAAA
0.02
CPNQ vs CAAA - Historical Returns
Returns include dividend reinvestment.
1M
Winner
CPNQ
+0.36%
CAAA
-0.29%
3M
Winner
CPNQ
+2.25%
CAAA
-0.24%
6M
Winner
CPNQ
+2.71%
CAAA
+0.58%
1Y
Winner
CPNQ
+8.40%
CAAA
+4.86%
Max(CAGR)
Winner
CPNQ
+7.08%
CAAA
+5.74%
CPNQ vs CAAA - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | CPNQ | CAAA |
|---|---|---|
| 2026 | +2.68% | +0.41% |
| 2025 | +7.82% | +7.92% |
| 2024 | +0.22% | +4.65% |
CPNQ vs CAAA Drawdown Comparison
The maximum drawdown for CPNQ was -3.52%, occurring on Apr 4, 2025. Recovery took 61 trading sessions.
The maximum drawdown for CAAA was -2.24%, occurring on Nov 13, 2024. Recovery took 107 trading sessions.
The current CPNQ drawdown is -0.55%. The current CAAA drawdown is -1.21%.
| Rank | CPNQ | CAAA |
|---|---|---|
| #1 | -3.52% Feb 19, 2025 - May 16, 2025 | -2.24% Sep 17, 2024 - Feb 21, 2025 |
| #2 | -1.52% Jan 28, 2026 - Apr 13, 2026 | -2.08% Feb 17, 2026 - Mar 27, 2026 |
| #3 | -0.68% Dec 16, 2024 - Jan 17, 2025 | -1.63% Mar 27, 2024 - Jun 3, 2024 |
| #4 | -0.55% May 29, 2026 - Jun 5, 2026 | -1.47% Apr 4, 2025 - Apr 28, 2025 |
| #5 | -0.55% Dec 10, 2025 - Dec 23, 2025 | -1.01% Sep 15, 2025 - Oct 27, 2025 |
| #6 | -0.54% Jan 22, 2025 - Feb 5, 2025 | -0.97% May 1, 2025 - Jun 4, 2025 |
| #7 | -0.44% Aug 14, 2025 - Aug 28, 2025 | -0.90% Aug 5, 2024 - Aug 21, 2024 |
| #8 | -0.44% Jan 7, 2026 - Jan 26, 2026 | -0.83% Nov 28, 2025 - Jan 12, 2026 |
| #9 | -0.44% Jul 28, 2025 - Aug 6, 2025 | -0.83% Jun 30, 2025 - Aug 1, 2025 |
| #10 | -0.44% Oct 9, 2025 - Oct 20, 2025 | -0.79% Mar 8, 2024 - Mar 27, 2024 |
| #11 | -0.42% May 19, 2025 - May 27, 2025 | -0.72% Jun 18, 2024 - Jul 5, 2024 |
| #12 | -0.35% Aug 28, 2025 - Sep 4, 2025 | -0.62% Jun 6, 2024 - Jun 13, 2024 |
| #13 | -0.32% Nov 12, 2025 - Nov 24, 2025 | -0.59% Jul 16, 2024 - Jul 31, 2024 |
| #14 | -0.26% Dec 6, 2024 - Dec 11, 2024 | -0.56% Jan 12, 2026 - Feb 5, 2026 |
| #15 | -0.24% Jun 12, 2025 - Jun 16, 2025 | -0.53% Oct 27, 2025 - Nov 18, 2025 |
Correlation
Correlation between CPNQ and CAAA is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.
0.94
-101
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