CPSJ vs IREX

Comparison between CALAMOS S&P 500 STRUCTURED ALT PROTECTION ETF - JULY (CPSJ, ETF) and Tradr 2X Long IREN Daily ETF (IREX, ETF).

CPSJ vs IREX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CPSJ(ETF)	IREX(ETF)
Net Assets	$47M	$47M
Expense Ratio	0.69%	N/A
Max Drawdown	5.36%	94.59%
Sharpe Ratio	0.86	0.12
5Y Beta	0.23	8.05

Net Assets

Winner

CPSJ

$47M

IREX

$47M

Expense Ratio

CPSJ

0.69%

IREX

N/A

Max Drawdown

Winner

CPSJ

5.36%

IREX

94.59%

Sharpe Ratio

Winner

CPSJ

0.86

IREX

0.12

5Y Beta

Winner

CPSJ

0.23

IREX

8.05

CPSJ vs IREX - Historical Returns

Returns include dividend reinvestment.

Period	CPSJ	IREX
1 month	+0.82%	+11.82%
3 months	+1.30%	-65.50%
6 months	+3.00%	-52.51%
1 year	+5.83%	-82.27%
Max(CAGR)	+7.22%	-87.32%

CPSJ

+0.82%

Winner

IREX

+11.82%

Winner

CPSJ

+1.30%

IREX

-65.50%

Winner

CPSJ

+3.00%

IREX

-52.51%

Winner

CPSJ

+5.83%

IREX

-82.27%

Max(CAGR)

Winner

CPSJ

+7.22%

IREX

-87.32%

CPSJ vs IREX - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	CPSJ	IREX
2026	+3.79%	-59.89%
2025	+7.28%	-64.89%
2024	+4.14%	N/A

CPSJ vs IREX Drawdown Comparison

The maximum drawdown for CPSJ was -5.36%, occurring on Apr 8, 2025. Recovery took 57 trading sessions.

The maximum drawdown for IREX was -94.59%, occurring on Jul 29, 2026. This drawdown has not yet recovered.

The current CPSJ drawdown is -0.35%. The current IREX drawdown is -90.03%.

Rank	CPSJ	IREX
#1	-5.36% Feb 20, 2025 - May 13, 2025	-94.59% Nov 5, 2025 - Jul 29, 2026
#2	-1.48% Jul 16, 2024 - Aug 15, 2024	-20.42% Oct 27, 2025 - Nov 3, 2025
#3	-1.38% Feb 25, 2026 - Apr 8, 2026	-2.86% Nov 3, 2025 - Nov 5, 2025
#4	-1.10% May 16, 2025 - Jun 2, 2025	N/A
#5	-0.94% Aug 30, 2024 - Sep 16, 2024	N/A
#6	-0.77% Oct 27, 2025 - Nov 28, 2025	N/A
#7	-0.74% Dec 16, 2024 - Jan 16, 2025	N/A
#8	-0.65% Sep 25, 2024 - Oct 14, 2024	N/A
#9	-0.61% Oct 22, 2024 - Nov 6, 2024	N/A
#10	-0.61% Jan 24, 2025 - Feb 11, 2025	N/A
#11	-0.50% Nov 11, 2024 - Nov 25, 2024	N/A
#12	-0.44% Jun 16, 2025 - Jun 23, 2025	N/A
#13	-0.44% Jul 15, 2026 - Aug 3, 2026	N/A
#14	-0.42% Jun 10, 2025 - Jun 16, 2025	N/A
#15	-0.41% Aug 14, 2026 - Aug 24, 2026	N/A

Correlation

Correlation between CPSJ and IREX is -0.59 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.59

-101