CPSA vs AJAN
Comparison between CALAMOS S&P 500 STRUCTURED ALT PROTECTION ETF - AUGUST (CPSA, ETF) and Innovator Equity Defined Protection ETF - 2 Yr to January 2026 (AJAN, ETF).
CPSA vs AJAN - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
CPSA
$43M
Winner
AJAN
$43M
Expense Ratio
Winner
CPSA
0.69%
AJAN
0.79%
Max Drawdown
CPSA
4.72%
Winner
AJAN
4.11%
Sharpe Ratio
Winner
CPSA
1.20
AJAN
0.26
5Y Beta
CPSA
0.21
Winner
AJAN
0.20
CPSA vs AJAN - Historical Returns
Returns include dividend reinvestment.
1M
Winner
CPSA
+0.79%
AJAN
+0.55%
3M
Winner
CPSA
+1.68%
AJAN
+0.95%
6M
Winner
CPSA
+3.57%
AJAN
+1.83%
1Y
Winner
CPSA
+6.69%
AJAN
+4.62%
Max(CAGR)
Winner
CPSA
+7.45%
AJAN
+6.24%
CPSA vs AJAN - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | CPSA | AJAN |
|---|---|---|
| 2026 | +4.21% | +2.42% |
| 2025 | +7.26% | +6.12% |
| 2024 | +3.51% | +7.78% |
CPSA vs AJAN Drawdown Comparison
The maximum drawdown for CPSA was -4.72%, occurring on Apr 8, 2025. Recovery took 60 trading sessions.
The maximum drawdown for AJAN was -4.11%, occurring on Apr 8, 2025. Recovery took 56 trading sessions.
The current CPSA drawdown is -0.18%. The current AJAN drawdown is -0.25%.
| Rank | CPSA | AJAN |
|---|---|---|
| #1 | -4.72% Feb 19, 2025 - May 15, 2025 | -4.11% Feb 20, 2025 - May 12, 2025 |
| #2 | -1.47% Feb 26, 2026 - Apr 8, 2026 | -2.24% Feb 25, 2026 - Apr 15, 2026 |
| #3 | -0.93% Jan 24, 2025 - Feb 11, 2025 | -1.57% Mar 28, 2024 - May 14, 2024 |
| #4 | -0.86% May 19, 2025 - Jun 3, 2025 | -0.95% Sep 20, 2024 - Sep 24, 2024 |
| #5 | -0.79% Oct 28, 2025 - Nov 28, 2025 | -0.90% Jul 15, 2024 - Aug 14, 2024 |
| #6 | -0.77% Aug 30, 2024 - Sep 13, 2024 | -0.87% Jan 6, 2025 - Jan 15, 2025 |
| #7 | -0.62% Dec 11, 2024 - Dec 24, 2024 | -0.84% May 28, 2026 - Jun 15, 2026 |
| #8 | -0.57% Aug 1, 2024 - Aug 13, 2024 | -0.68% Jul 14, 2026 - Aug 3, 2026 |
| #9 | -0.53% Dec 24, 2024 - Jan 15, 2025 | -0.67% Sep 27, 2024 - Nov 6, 2024 |
| #10 | -0.49% Oct 8, 2025 - Oct 21, 2025 | -0.65% Feb 12, 2024 - Feb 23, 2024 |
| #11 | -0.46% Oct 29, 2024 - Nov 6, 2024 | -0.61% Jun 15, 2026 - Jul 10, 2026 |
| #12 | -0.37% Nov 11, 2024 - Nov 25, 2024 | -0.57% Dec 4, 2024 - Jan 6, 2025 |
| #13 | -0.37% Jan 27, 2026 - Feb 9, 2026 | -0.54% Aug 30, 2024 - Sep 11, 2024 |
| #14 | -0.37% Aug 13, 2025 - Aug 22, 2025 | -0.53% May 16, 2025 - May 30, 2025 |
| #15 | -0.36% Sep 25, 2024 - Oct 11, 2024 | -0.48% Mar 1, 2024 - Mar 7, 2024 |
Correlation
Correlation between CPSA and AJAN is 1.00 which considered as a very strong positive correlation - the stocks move almost identically together.
1.00
-101
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