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CPSL vs LNOK

Comparison between Calamos Laddered S&P 500 Structured Alt Protection ETF (CPSL, ETF) and DEFIANCE DAILY TARGET 2X LONG NOK ETF (LNOK, ETF).

CPSL vs LNOK - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
CPSL
$110M
Winner
LNOK
$110M
Expense Ratio
Winner
CPSL
0.79%
LNOK
1.31%
Max Drawdown
Winner
CPSL
3.72%
LNOK
38.71%
Sharpe Ratio
CPSL
1.34
Winner
LNOK
3.44
5Y Beta
Winner
CPSL
0.17
LNOK
3.82

CPSL vs LNOK - Holdings Comparison

CPSL and LNOK have 0 common holdings. Overlap is 0.00%

CPSL's top 25 holdings weight is 99.91%. LNOK's top 25 holdings weight is 12.79%.

RankCPSLLNOK
#1
CALAMOS S&P 500 STR ALT PRT ETF-APR (CPSP) - 8.44%
FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 12.79%
#2
CALAMOS S&P 500 STR ALT PRT ETF-MAY (CPSM) - 8.38%
N/A
#3
CALAMOS S&P 500 STR ALT PRT ETF-JUN (CPSU) - 8.36%
N/A
#4
CALAMOS S&P 500 STR ALT PRT ETF-MAR (CPSR) - 8.35%
N/A
#5
CALAMOS S&P 500 STR ALT PRT ETF-FEB (CPSF) - 8.33%
N/A
#6
CALAMOS S&P 500 STR ALT PRT ETF-JUL (CPSJ) - 8.31%
N/A
#7
CALAMOS S&P 500 STR ALT PRT ETF-JAN (CPSY) - 8.30%
N/A
#8
CALAMOS S&P 500 STR ALT PRT ETF-AUG (CPSA) - 8.30%
N/A
#9
CALAMOS S&P 500 STR ALT PRT ETF-OCT (CPSO) - 8.30%
N/A
#10
CALAMOS S&P 500 STR ALT PRT ETF-SEP (CPST) - 8.29%
N/A
#11
CALAMOS S&P 500 STR ALT PRT ETF-DEC (CPSD) - 8.28%
N/A
#12
CALAMOS S&P 500 STR ALT PRT ETF-NOV (CPSN) - 8.27%
N/A
#13N/AN/A
#14N/AN/A
#15N/AN/A
#16N/AN/A
#17N/AN/A
#18N/AN/A
#19N/AN/A
#20N/AN/A
#21N/AN/A
#22N/AN/A
#23N/AN/A
#24N/AN/A
#25N/AN/A
Total Holdings121

CPSL vs LNOK - Historical Returns

Returns include dividend reinvestment.

1M
CPSL
+0.34%
Winner
LNOK
+15.78%
3M
CPSL
+2.15%
Winner
LNOK
+174.38%
6M
CPSL
+2.68%
LNOK
N/A
1Y
CPSL
+6.89%
LNOK
N/A
Max(CAGR)
CPSL
+6.49%
Winner
LNOK
+3830.21%

CPSL vs LNOK - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

YearCPSLLNOK
2026+2.35%+316.74%
2025+6.49%N/A
2024+2.32%N/A

CPSL vs LNOK Drawdown Comparison

The maximum drawdown for CPSL was -3.72%, occurring on Apr 4, 2025. Recovery took 59 trading sessions.

The maximum drawdown for LNOK was -38.71%, occurring on Jun 10, 2026. This drawdown has not yet recovered.

The current CPSL drawdown is -0.19%. The current LNOK drawdown is -25.23%.

RankCPSLLNOK
#1-3.72%
Feb 20, 2025 - May 15, 2025
-38.71%
Jun 2, 2026 - Jun 10, 2026
#2-1.18%
Feb 25, 2026 - Apr 8, 2026
-19.64%
May 26, 2026 - Jun 2, 2026
#3-0.63%
Nov 12, 2025 - Nov 25, 2025
-18.24%
Jan 27, 2026 - Feb 6, 2026
#4-0.58%
May 19, 2025 - Jun 3, 2025
-17.06%
Mar 16, 2026 - Apr 2, 2026
#5-0.55%
Dec 13, 2024 - Dec 26, 2024
-16.81%
May 5, 2026 - May 11, 2026
#6-0.51%
Oct 28, 2024 - Nov 6, 2024
-15.42%
May 13, 2026 - May 22, 2026
#7-0.51%
Jan 6, 2025 - Jan 17, 2025
-15.30%
Apr 20, 2026 - Apr 27, 2026
#8-0.46%
Jun 3, 2025 - Jun 12, 2025
-11.92%
Mar 2, 2026 - Mar 16, 2026
#9-0.43%
Jun 2, 2026 - Jun 10, 2026
-11.68%
May 11, 2026 - May 13, 2026
#10-0.39%
Dec 26, 2024 - Jan 6, 2025
-9.74%
Feb 11, 2026 - Feb 18, 2026
#11-0.35%
Sep 23, 2024 - Oct 14, 2024
-7.82%
Apr 13, 2026 - Apr 20, 2026
#12-0.35%
Jul 29, 2025 - Aug 7, 2025
-7.17%
Feb 20, 2026 - Mar 2, 2026
#13-0.33%
Oct 1, 2025 - Oct 21, 2025
-2.62%
May 1, 2026 - May 5, 2026
#14-0.31%
Jun 12, 2025 - Jun 16, 2025
-2.05%
Feb 9, 2026 - Feb 11, 2026
#15-0.30%
Oct 27, 2025 - Nov 12, 2025
-1.67%
Apr 9, 2026 - Apr 13, 2026

Correlation

Correlation between CPSL and LNOK is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.

0.97
-101

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