CPNS vs TAX

Comparison between CALAMOS NASDAQ-100 STRUCTURED ALT PROTECTION ETF - SEPTEMBER (CPNS, ETF) and CAMBRIA TAX AWARE ETF (TAX, ETF).

CPNS vs TAX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CPNS(ETF)	TAX(ETF)
Net Assets	$25M	$26M
Expense Ratio	0.69%	0.54%
Max Drawdown	3.99%	80.04%
Sharpe Ratio	1.61	1.13
5Y Beta	0.18	0.97
P/E Ratio	N/A	27.04
Forward P/E	N/A	17.52
PEG Ratio	N/A	0.94
5Y EPS CAGR	N/A	23.31%
Debt to Equity	N/A	91.53%
P/S Ratio	N/A	1.22
P/B Ratio	N/A	3.16

Net Assets

CPNS

$25M

Winner

TAX

$26M

Expense Ratio

CPNS

0.69%

Winner

TAX

0.54%

Max Drawdown

Winner

CPNS

3.99%

TAX

80.04%

Sharpe Ratio

Winner

CPNS

1.61

TAX

1.13

5Y Beta

Winner

CPNS

0.18

TAX

0.97

P/E Ratio

CPNS

N/A

TAX

27.04

Forward P/E

CPNS

N/A

TAX

17.52

PEG Ratio

CPNS

N/A

TAX

0.94

5Y EPS CAGR

CPNS

N/A

TAX

23.31%

Debt to Equity

CPNS

N/A

TAX

91.53%

P/S Ratio

CPNS

N/A

TAX

1.22

P/B Ratio

CPNS

N/A

TAX

3.16

CPNS vs TAX - Historical Returns

Returns include dividend reinvestment.

Period	CPNS	TAX
1 month	+0.34%	+2.46%
3 months	+2.71%	+13.27%
6 months	+3.26%	+7.02%
1 year	+7.33%	+22.88%
5 years(CAGR)	N/A	+16.64%
10 years(CAGR)	N/A	+11.50%
Max(CAGR)	+7.44%	+6.99%

CPNS

+0.34%

Winner

TAX

+2.46%

CPNS

+2.71%

Winner

TAX

+13.27%

CPNS

+3.26%

Winner

TAX

+7.02%

CPNS

+7.33%

Winner

TAX

+22.88%

5Y(CAGR)

CPNS

N/A

TAX

+16.64%

10Y(CAGR)

CPNS

N/A

TAX

+11.50%

Max(CAGR)

Winner

CPNS

+7.44%

TAX

+6.99%

CPNS vs TAX - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	CPNS	TAX
2026	+2.91%	+6.79%
2025	+7.10%	+16.54%
2024	+2.79%	+0.26%
2018	N/A	-12.51%
2017	N/A	-13.07%
2016	N/A	-39.66%
2015	N/A	-32.96%
2014	N/A	+48.85%
2013	N/A	+73.94%
2012	N/A	-1.57%

CPNS vs TAX Drawdown Comparison

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

The maximum drawdown for TAX was -77.48%, occurring on Mar 1, 2018. This drawdown has not yet recovered.

The current CPNS drawdown is -0.05%. The current TAX drawdown is -8.15%.

Rank	CPNS	TAX
#1	-3.99% Feb 19, 2025 - May 13, 2025	-77.48% Nov 12, 2014 - Mar 1, 2018
#2	-1.31% Jan 27, 2026 - Apr 8, 2026	-35.36% Jul 2, 2012 - Oct 5, 2012
#3	-0.79% Oct 28, 2025 - Dec 2, 2025	-13.80% Jul 23, 2013 - Oct 2, 2013
#4	-0.67% Nov 7, 2024 - Dec 2, 2024	-12.74% Oct 12, 2012 - Jan 29, 2013
#5	-0.60% Oct 29, 2024 - Nov 6, 2024	-12.16% Aug 6, 2014 - Oct 28, 2014
#6	-0.57% Dec 17, 2024 - Jan 6, 2025	-9.69% Dec 24, 2013 - Jan 21, 2014
#7	-0.49% Jan 6, 2025 - Jan 17, 2025	-9.18% May 3, 2013 - Jul 10, 2013
#8	-0.48% May 16, 2025 - May 27, 2025	-7.18% Feb 4, 2013 - Apr 10, 2013
#9	-0.46% Jan 23, 2025 - Feb 5, 2025	-5.40% Apr 1, 2014 - Jun 12, 2014
#10	-0.45% Dec 11, 2025 - Dec 19, 2025	-5.31% Feb 21, 2014 - Mar 6, 2014
#11	-0.40% Sep 26, 2024 - Oct 9, 2024	-5.23% Oct 4, 2013 - Oct 18, 2013
#12	-0.33% Jan 12, 2026 - Jan 23, 2026	-5.22% Nov 29, 2013 - Dec 20, 2013
#13	-0.32% Sep 5, 2024 - Sep 10, 2024	-4.94% Oct 22, 2013 - Nov 21, 2013
#14	-0.32% Oct 22, 2024 - Oct 25, 2024	-3.86% Jan 22, 2014 - Feb 10, 2014
#15	-0.26% Oct 8, 2025 - Oct 17, 2025	-3.83% Feb 10, 2014 - Feb 21, 2014