CPNQ vs THYM

Comparison between CALAMOS NASDAQ-100 STRUCTURED ALT PROTECTION ETF - DECEMBER (CPNQ, ETF) and T. ROWE PRICE HIGH INCOME MUNICIPAL ETF (THYM, ETF).

CPNQ vs THYM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CPNQ(ETF)	THYM(ETF)
Net Assets	$25M	$26M
Expense Ratio	0.69%	0.32%
Max Drawdown	3.52%	3.43%
Sharpe Ratio	1.00	-0.06
5Y Beta	0.16	0.14

Net Assets

CPNQ

$25M

Winner

THYM

$26M

Expense Ratio

CPNQ

0.69%

Winner

THYM

0.32%

Max Drawdown

CPNQ

3.52%

Winner

THYM

3.43%

Sharpe Ratio

Winner

CPNQ

1.00

THYM

-0.06

5Y Beta

CPNQ

0.16

Winner

THYM

0.14

CPNQ vs THYM - Historical Returns

Returns include dividend reinvestment.

Period	CPNQ	THYM
1 month	+0.14%	-1.56%
3 months	+1.44%	-0.29%
6 months	+2.73%	+1.54%
1 year	+6.62%	N/A
Max(CAGR)	+6.75%	+3.41%

Winner

CPNQ

+0.14%

THYM

-1.56%

Winner

CPNQ

+1.44%

THYM

-0.29%

Winner

CPNQ

+2.73%

THYM

+1.54%

CPNQ

+6.62%

THYM

N/A

Max(CAGR)

Winner

CPNQ

+6.75%

THYM

+3.41%

CPNQ vs THYM - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	CPNQ	THYM
2026	+3.08%	+1.88%
2025	+7.82%	+0.27%
2024	+0.22%	N/A

CPNQ vs THYM Drawdown Comparison

The maximum drawdown for CPNQ was -3.52%, occurring on Apr 4, 2025. Recovery took 61 trading sessions.

The maximum drawdown for THYM was -2.93%, occurring on Mar 27, 2026. Recovery took 46 trading sessions.

The current CPNQ drawdown is -0.33%. The current THYM drawdown is -2.56%.

Rank	CPNQ	THYM
#1	-3.52% Feb 19, 2025 - May 16, 2025	-2.93% Mar 2, 2026 - May 6, 2026
#2	-1.52% Jan 28, 2026 - Apr 13, 2026	-2.56% Jul 2, 2026 - Jul 23, 2026
#3	-0.77% May 29, 2026 - Jun 15, 2026	-1.30% May 7, 2026 - May 27, 2026
#4	-0.68% Dec 16, 2024 - Jan 17, 2025	-0.79% Jan 14, 2026 - Feb 2, 2026
#5	-0.55% Dec 10, 2025 - Dec 23, 2025	-0.60% Jun 4, 2026 - Jun 18, 2026
#6	-0.54% Jan 22, 2025 - Feb 5, 2025	-0.43% Feb 19, 2026 - Feb 26, 2026
#7	-0.44% Aug 14, 2025 - Aug 28, 2025	-0.41% Nov 28, 2025 - Dec 29, 2025
#8	-0.44% Jan 7, 2026 - Jan 26, 2026	-0.30% Jun 29, 2026 - Jul 1, 2026
#9	-0.44% Jul 28, 2025 - Aug 6, 2025	-0.24% Jun 18, 2026 - Jun 24, 2026
#10	-0.44% Oct 9, 2025 - Oct 20, 2025	-0.24% Feb 2, 2026 - Feb 9, 2026
#11	-0.42% Jun 15, 2026 - Jun 30, 2026	-0.21% Jun 24, 2026 - Jun 29, 2026
#12	-0.42% May 19, 2025 - May 27, 2025	-0.18% Jan 7, 2026 - Jan 14, 2026
#13	-0.35% Aug 28, 2025 - Sep 4, 2025	-0.07% Nov 20, 2025 - Nov 24, 2025
#14	-0.33% Jul 15, 2026 - Jul 23, 2026	-0.06% Feb 17, 2026 - Feb 19, 2026
#15	-0.32% Nov 12, 2025 - Nov 24, 2025	-0.04% May 27, 2026 - May 29, 2026