CPNQ vs HYBX
Comparison between CALAMOS NASDAQ-100 STRUCTURED ALT PROTECTION ETF - DECEMBER (CPNQ, ETF) and TCW High Yield Bond ETF (HYBX, ETF).
CPNQ vs HYBX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
CPNQ
$33M
HYBX
$33M
Expense Ratio
CPNQ
0.69%
Winner
HYBX
0.50%
Max Drawdown
Winner
CPNQ
3.52%
HYBX
5.48%
Sharpe Ratio
Winner
CPNQ
1.62
HYBX
0.27
5Y Beta
CPNQ
0.16
Winner
HYBX
0.16
CPNQ vs HYBX - Historical Returns
Returns include dividend reinvestment.
1M
Winner
CPNQ
+0.36%
HYBX
-0.17%
3M
Winner
CPNQ
+2.25%
HYBX
+0.55%
6M
Winner
CPNQ
+2.71%
HYBX
+1.87%
1Y
Winner
CPNQ
+8.40%
HYBX
+5.33%
Max(CAGR)
Winner
CPNQ
+7.08%
HYBX
+5.17%
CPNQ vs HYBX - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | CPNQ | HYBX |
|---|---|---|
| 2026 | +2.68% | +1.12% |
| 2025 | +7.82% | +6.16% |
| 2024 | +0.22% | -0.26% |
CPNQ vs HYBX Drawdown Comparison
The maximum drawdown for CPNQ was -3.52%, occurring on Apr 4, 2025. Recovery took 61 trading sessions.
The maximum drawdown for HYBX was -3.92%, occurring on Apr 8, 2025. Recovery took 50 trading sessions.
The current CPNQ drawdown is -0.55%. The current HYBX drawdown is -0.93%.
| Rank | CPNQ | HYBX |
|---|---|---|
| #1 | -3.52% Feb 19, 2025 - May 16, 2025 | -3.92% Feb 28, 2025 - May 12, 2025 |
| #2 | -1.52% Jan 28, 2026 - Apr 13, 2026 | -2.15% Jan 27, 2026 - Apr 8, 2026 |
| #3 | -0.68% Dec 16, 2024 - Jan 17, 2025 | -1.76% Oct 28, 2025 - Dec 19, 2025 |
| #4 | -0.55% May 29, 2026 - Jun 5, 2026 | -1.72% Dec 6, 2024 - Jan 24, 2025 |
| #5 | -0.55% Dec 10, 2025 - Dec 23, 2025 | -1.49% Aug 13, 2025 - Sep 2, 2025 |
| #6 | -0.54% Jan 22, 2025 - Feb 5, 2025 | -1.48% Sep 23, 2025 - Oct 28, 2025 |
| #7 | -0.44% Aug 14, 2025 - Aug 28, 2025 | -1.38% Dec 19, 2025 - Dec 23, 2025 |
| #8 | -0.44% Jan 7, 2026 - Jan 26, 2026 | -1.38% Apr 27, 2026 - May 19, 2026 |
| #9 | -0.44% Jul 28, 2025 - Aug 6, 2025 | -0.85% Nov 18, 2024 - Dec 3, 2024 |
| #10 | -0.44% Oct 9, 2025 - Oct 20, 2025 | -0.84% May 20, 2025 - May 28, 2025 |
| #11 | -0.42% May 19, 2025 - May 27, 2025 | -0.81% Jan 20, 2026 - Jan 27, 2026 |
| #12 | -0.35% Aug 28, 2025 - Sep 4, 2025 | -0.72% Jul 9, 2025 - Jul 21, 2025 |
| #13 | -0.32% Nov 12, 2025 - Nov 24, 2025 | -0.69% Jul 23, 2025 - Aug 11, 2025 |
| #14 | -0.26% Dec 6, 2024 - Dec 11, 2024 | -0.68% Sep 5, 2025 - Sep 18, 2025 |
| #15 | -0.24% Jun 12, 2025 - Jun 16, 2025 | -0.66% Dec 24, 2025 - Jan 2, 2026 |
Correlation
Correlation between CPNQ and HYBX is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
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