CPSA vs IBX
Comparison between CALAMOS S&P 500 STRUCTURED ALT PROTECTION ETF - AUGUST (CPSA, ETF) and Tradr 2X Long IBM Daily ETF (IBX, ETF).
CPSA vs IBX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
CPSA
$42M
IBX
$42M
Expense Ratio
CPSA
0.69%
IBX
N/A
Max Drawdown
Winner
CPSA
4.72%
IBX
32.59%
Sharpe Ratio
Winner
CPSA
1.57
IBX
1.27
5Y Beta
Winner
CPSA
0.22
IBX
1.62
CPSA vs IBX - Historical Returns
Returns include dividend reinvestment.
1M
CPSA
+0.53%
Winner
IBX
+44.56%
3M
CPSA
+2.59%
Winner
IBX
+19.39%
6M
CPSA
+3.15%
IBX
N/A
1Y
CPSA
+7.61%
IBX
N/A
Max(CAGR)
CPSA
+7.45%
Winner
IBX
+124.63%
CPSA vs IBX - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | CPSA | IBX |
|---|---|---|
| 2026 | +2.78% | +19.39% |
| 2025 | +7.26% | N/A |
| 2024 | +3.51% | N/A |
CPSA vs IBX Drawdown Comparison
The maximum drawdown for CPSA was -4.72%, occurring on Apr 8, 2025. Recovery took 60 trading sessions.
The maximum drawdown for IBX was -32.59%, occurring on Jun 12, 2026. This drawdown has not yet recovered.
The current IBX drawdown is -32.59%.
| Rank | CPSA | IBX |
|---|---|---|
| #1 | -4.72% Feb 19, 2025 - May 15, 2025 | -32.59% Jun 2, 2026 - Jun 12, 2026 |
| #2 | -1.47% Feb 26, 2026 - Apr 8, 2026 | -30.07% Apr 21, 2026 - May 28, 2026 |
| #3 | -0.93% Jan 24, 2025 - Feb 11, 2025 | -13.89% Apr 2, 2026 - Apr 16, 2026 |
| #4 | -0.86% May 19, 2025 - Jun 3, 2025 | -4.63% Mar 26, 2026 - Apr 1, 2026 |
| #5 | -0.79% Oct 28, 2025 - Nov 28, 2025 | -0.38% Apr 17, 2026 - Apr 21, 2026 |
| #6 | -0.77% Aug 30, 2024 - Sep 13, 2024 | N/A |
| #7 | -0.62% Dec 11, 2024 - Dec 24, 2024 | N/A |
| #8 | -0.57% Aug 1, 2024 - Aug 13, 2024 | N/A |
| #9 | -0.53% Dec 24, 2024 - Jan 15, 2025 | N/A |
| #10 | -0.49% Oct 8, 2025 - Oct 21, 2025 | N/A |
| #11 | -0.46% Oct 29, 2024 - Nov 6, 2024 | N/A |
| #12 | -0.37% Nov 11, 2024 - Nov 25, 2024 | N/A |
| #13 | -0.37% Jan 27, 2026 - Feb 9, 2026 | N/A |
| #14 | -0.37% Aug 13, 2025 - Aug 22, 2025 | N/A |
| #15 | -0.36% Sep 25, 2024 - Oct 11, 2024 | N/A |
Correlation
Correlation between CPSA and IBX is 0.59 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.59
-101
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