CPNS vs PQJA

Comparison between CALAMOS NASDAQ-100 STRUCTURED ALT PROTECTION ETF - SEPTEMBER (CPNS, ETF) and PGIM NASDAQ-100 BUFFER 12 ETF - JANUARY (PQJA, ETF).

CPNS vs PQJA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CPNS(ETF)	PQJA(ETF)
Net Assets	$25M	$25M
Expense Ratio	0.69%	0.50%
Max Drawdown	3.99%	14.72%
Sharpe Ratio	1.66	1.83
5Y Beta	0.19	0.72

Net Assets

CPNS

$25M

PQJA

$25M

Expense Ratio

CPNS

0.69%

Winner

PQJA

0.50%

Max Drawdown

Winner

CPNS

3.99%

PQJA

14.72%

Sharpe Ratio

CPNS

1.66

Winner

PQJA

1.83

5Y Beta

Winner

CPNS

0.19

PQJA

0.72

CPNS vs PQJA - Historical Returns

Returns include dividend reinvestment.

Period	CPNS	PQJA
1 month	+0.46%	+1.02%
3 months	+2.23%	+7.23%
6 months	+2.91%	+8.02%
1 year	+7.55%	+21.12%
Max(CAGR)	+7.40%	+17.07%

CPNS

+0.46%

Winner

PQJA

+1.02%

CPNS

+2.23%

Winner

PQJA

+7.23%

CPNS

+2.91%

Winner

PQJA

+8.02%

CPNS

+7.55%

Winner

PQJA

+21.12%

Max(CAGR)

CPNS

+7.40%

Winner

PQJA

+17.07%

CPNS vs PQJA - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	CPNS	PQJA
2026	+2.70%	+7.00%
2025	+7.10%	+16.94%
2024	+2.79%	N/A

CPNS vs PQJA Drawdown Comparison

The maximum drawdown for CPNS was -3.99%, occurring on Apr 8, 2025. Recovery took 58 trading sessions.

The maximum drawdown for PQJA was -14.72%, occurring on Apr 8, 2025. Recovery took 73 trading sessions.

The current CPNS drawdown is -0.25%. The current PQJA drawdown is -1.70%.

Rank	CPNS	PQJA
#1	-3.99% Feb 19, 2025 - May 13, 2025	-14.72% Feb 19, 2025 - Jun 4, 2025
#2	-1.31% Jan 27, 2026 - Apr 8, 2026	-6.77% Jan 28, 2026 - Apr 14, 2026
#3	-0.79% Oct 28, 2025 - Dec 2, 2025	-2.34% Oct 29, 2025 - Nov 26, 2025
#4	-0.67% Nov 7, 2024 - Dec 2, 2024	-1.81% Jan 12, 2026 - Jan 27, 2026
#5	-0.60% Oct 29, 2024 - Nov 6, 2024	-1.76% Jan 23, 2025 - Feb 6, 2025
#6	-0.57% Dec 17, 2024 - Jan 6, 2025	-1.70% Jun 2, 2026 - Jun 5, 2026
#7	-0.49% Jan 6, 2025 - Jan 17, 2025	-1.65% Jan 6, 2025 - Jan 17, 2025
#8	-0.48% May 16, 2025 - May 27, 2025	-1.45% Oct 8, 2025 - Oct 20, 2025
#9	-0.46% Jan 23, 2025 - Feb 5, 2025	-1.42% Aug 13, 2025 - Aug 28, 2025
#10	-0.45% Dec 11, 2025 - Dec 19, 2025	-1.29% Jul 28, 2025 - Aug 6, 2025
#11	-0.40% Sep 26, 2024 - Oct 9, 2024	-1.03% Aug 28, 2025 - Sep 8, 2025
#12	-0.33% Jan 12, 2026 - Jan 23, 2026	-0.90% Dec 11, 2025 - Dec 19, 2025
#13	-0.32% Sep 5, 2024 - Sep 10, 2024	-0.83% Jun 10, 2025 - Jun 16, 2025
#14	-0.32% Oct 22, 2024 - Oct 25, 2024	-0.75% Jun 16, 2025 - Jun 23, 2025
#15	-0.26% Oct 8, 2025 - Oct 17, 2025	-0.54% May 14, 2026 - May 21, 2026