CPSA vs TMLP
Comparison between CALAMOS S&P 500 STRUCTURED ALT PROTECTION ETF - AUGUST (CPSA, ETF) and Tortoise MLP ETF (TMLP, ETF).
CPSA vs TMLP - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
CPSA
$43M
Winner
TMLP
$43M
Expense Ratio
CPSA
0.69%
Winner
TMLP
0.50%
Max Drawdown
Winner
CPSA
4.72%
TMLP
7.81%
Sharpe Ratio
CPSA
1.76
Winner
TMLP
2.57
5Y Beta
CPSA
0.22
Winner
TMLP
-0.16
CPSA vs TMLP - Historical Returns
Returns include dividend reinvestment.
1M
Winner
CPSA
+0.54%
TMLP
-0.15%
3M
CPSA
+2.18%
Winner
TMLP
+2.82%
6M
CPSA
+3.02%
Winner
TMLP
+17.58%
1Y
CPSA
+8.07%
TMLP
N/A
Max(CAGR)
CPSA
+7.45%
Winner
TMLP
+43.44%
CPSA vs TMLP - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | CPSA | TMLP |
|---|---|---|
| 2026 | +2.65% | +16.80% |
| 2025 | +7.26% | +0.05% |
| 2024 | +3.51% | N/A |
CPSA vs TMLP Drawdown Comparison
The maximum drawdown for CPSA was -4.72%, occurring on Apr 8, 2025. Recovery took 60 trading sessions.
The maximum drawdown for TMLP was -6.20%, occurring on Apr 17, 2026. Recovery took 24 trading sessions.
The current CPSA drawdown is -0.13%. The current TMLP drawdown is -3.90%.
| Rank | CPSA | TMLP |
|---|---|---|
| #1 | -4.72% Feb 19, 2025 - May 15, 2025 | -6.20% Mar 26, 2026 - Apr 30, 2026 |
| #2 | -1.47% Feb 26, 2026 - Apr 8, 2026 | -5.95% May 19, 2026 - May 29, 2026 |
| #3 | -0.93% Jan 24, 2025 - Feb 11, 2025 | -2.45% May 4, 2026 - May 12, 2026 |
| #4 | -0.86% May 19, 2025 - Jun 3, 2025 | -2.00% Mar 2, 2026 - Mar 19, 2026 |
| #5 | -0.79% Oct 28, 2025 - Nov 28, 2025 | -1.68% Jan 2, 2026 - Jan 12, 2026 |
| #6 | -0.77% Aug 30, 2024 - Sep 13, 2024 | -1.30% Jan 29, 2026 - Feb 3, 2026 |
| #7 | -0.62% Dec 11, 2024 - Dec 24, 2024 | -0.63% Apr 30, 2026 - May 4, 2026 |
| #8 | -0.57% Aug 1, 2024 - Aug 13, 2024 | -0.58% Jan 16, 2026 - Jan 22, 2026 |
| #9 | -0.53% Dec 24, 2024 - Jan 15, 2025 | -0.57% Feb 23, 2026 - Feb 27, 2026 |
| #10 | -0.49% Oct 8, 2025 - Oct 21, 2025 | -0.52% Mar 24, 2026 - Mar 26, 2026 |
| #11 | -0.46% Oct 29, 2024 - Nov 6, 2024 | -0.35% Jan 14, 2026 - Jan 16, 2026 |
| #12 | -0.37% Nov 11, 2024 - Nov 25, 2024 | -0.30% Mar 19, 2026 - Mar 23, 2026 |
| #13 | -0.37% Jan 27, 2026 - Feb 9, 2026 | -0.28% Jan 23, 2026 - Jan 27, 2026 |
| #14 | -0.37% Aug 13, 2025 - Aug 22, 2025 | -0.21% Dec 24, 2025 - Dec 30, 2025 |
| #15 | -0.36% Sep 25, 2024 - Oct 11, 2024 | -0.21% Feb 11, 2026 - Feb 13, 2026 |
Correlation
Correlation between CPSA and TMLP is 0.65 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.65
-101
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