CPSJ vs VPX

Comparison between CALAMOS S&P 500 STRUCTURED ALT PROTECTION ETF - JULY (CPSJ, ETF) and VARIANT PERCEPTION CYCLE AWARE US EQUITY ETF (VPX, ETF).

CPSJ vs VPX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CPSJ(ETF)	VPX(ETF)
Net Assets	$47M	$47M
Expense Ratio	0.69%	0.75%
Max Drawdown	5.36%	5.91%
Sharpe Ratio	0.86	3.10
5Y Beta	0.23	1.02
P/E Ratio	N/A	22.38
Forward P/E	N/A	17.28
PEG Ratio	N/A	0.25
5Y EPS CAGR	N/A	27.24%
P/S Ratio	N/A	2.67
P/B Ratio	N/A	4.35

Net Assets

CPSJ

$47M

Winner

VPX

$47M

Expense Ratio

Winner

CPSJ

0.69%

VPX

0.75%

Max Drawdown

Winner

CPSJ

5.36%

VPX

5.91%

Sharpe Ratio

CPSJ

0.86

Winner

VPX

3.10

5Y Beta

Winner

CPSJ

0.23

VPX

1.02

P/E Ratio

CPSJ

N/A

VPX

22.38

Forward P/E

CPSJ

N/A

VPX

17.28

PEG Ratio

CPSJ

N/A

VPX

0.25

5Y EPS CAGR

CPSJ

N/A

VPX

27.24%

P/S Ratio

CPSJ

N/A

VPX

2.67

P/B Ratio

CPSJ

N/A

VPX

4.35

CPSJ vs VPX - Historical Returns

Returns include dividend reinvestment.

Period	CPSJ	VPX
1 month	+0.82%	+3.75%
3 months	+1.30%	+8.00%
6 months	+3.00%	+25.78%
1 year	+5.83%	N/A
Max(CAGR)	+7.22%	+65.63%

CPSJ

+0.82%

Winner

VPX

+3.75%

CPSJ

+1.30%

Winner

VPX

+8.00%

CPSJ

+3.00%

Winner

VPX

+25.78%

CPSJ

+5.83%

VPX

N/A

Max(CAGR)

CPSJ

+7.22%

Winner

VPX

+65.63%

CPSJ vs VPX - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	CPSJ	VPX
2026	+3.79%	+25.78%
2025	+7.28%	N/A
2024	+4.14%	N/A

CPSJ vs VPX Drawdown Comparison

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

The maximum drawdown for VPX was -5.91%, occurring on Mar 30, 2026. Recovery took 15 trading sessions.

The current CPSJ drawdown is -0.35%. The current VPX drawdown is -1.78%.

Rank	CPSJ	VPX
#1	-5.36% Feb 20, 2025 - May 13, 2025	-5.91% Mar 17, 2026 - Apr 8, 2026
#2	-1.48% Jul 16, 2024 - Aug 15, 2024	-3.62% Jun 4, 2026 - Jun 15, 2026
#3	-1.38% Feb 25, 2026 - Apr 8, 2026	-2.55% May 14, 2026 - May 22, 2026
#4	-1.10% May 16, 2025 - Jun 2, 2025	-2.39% Jul 22, 2026 - Jul 31, 2026
#5	-0.94% Aug 30, 2024 - Sep 16, 2024	-2.18% Aug 17, 2026 - Aug 24, 2026
#6	-0.77% Oct 27, 2025 - Nov 28, 2025	-2.03% Jun 22, 2026 - Jun 30, 2026
#7	-0.74% Dec 16, 2024 - Jan 16, 2025	-1.53% Jul 10, 2026 - Jul 22, 2026
#8	-0.65% Sep 25, 2024 - Oct 14, 2024	-1.08% Jun 15, 2026 - Jun 18, 2026
#9	-0.61% Oct 22, 2024 - Nov 6, 2024	-0.84% Aug 4, 2026 - Aug 12, 2026
#10	-0.61% Jan 24, 2025 - Feb 11, 2025	-0.79% Apr 27, 2026 - Apr 30, 2026
#11	-0.50% Nov 11, 2024 - Nov 25, 2024	-0.78% Apr 17, 2026 - Apr 22, 2026
#12	-0.44% Jun 16, 2025 - Jun 23, 2025	-0.74% May 6, 2026 - May 8, 2026
#13	-0.44% Jul 15, 2026 - Aug 3, 2026	-0.64% Apr 22, 2026 - Apr 24, 2026
#14	-0.42% Jun 10, 2025 - Jun 16, 2025	-0.62% Jun 30, 2026 - Jul 6, 2026
#15	-0.41% Aug 14, 2026 - Aug 24, 2026	-0.54% Mar 12, 2026 - Mar 16, 2026