CPSM vs KWIN

Comparison between CALAMOS S&P 500 STRUCTURED ALT PROTECTION ETF - MAY (CPSM, ETF) and KraneShares Wahed Alternative Income Index ETF (KWIN, ETF).

CPSM vs KWIN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CPSM(ETF)	KWIN(ETF)
Net Assets	$56M	$56M
Expense Ratio	0.69%	0.51%
Max Drawdown	5.19%	1.58%
Sharpe Ratio	0.70	-0.02
5Y Beta	0.24	0.00
P/E Ratio	N/A	52.76
Forward P/E	N/A	28.90
PEG Ratio	N/A	1.57
5Y EPS CAGR	N/A	24.46%
Debt to Equity	N/A	-18.23%
P/S Ratio	N/A	5.79
P/B Ratio	N/A	8.90

Net Assets

CPSM

$56M

KWIN

$56M

Expense Ratio

CPSM

0.69%

Winner

KWIN

0.51%

Max Drawdown

CPSM

5.19%

Winner

KWIN

1.58%

Sharpe Ratio

Winner

CPSM

0.70

KWIN

-0.02

5Y Beta

CPSM

0.24

Winner

KWIN

0.00

P/E Ratio

CPSM

N/A

KWIN

52.76

Forward P/E

CPSM

N/A

KWIN

28.90

PEG Ratio

CPSM

N/A

KWIN

1.57

5Y EPS CAGR

CPSM

N/A

KWIN

24.46%

Debt to Equity

CPSM

N/A

KWIN

-18.23%

P/S Ratio

CPSM

N/A

KWIN

5.79

P/B Ratio

CPSM

N/A

KWIN

8.90

CPSM vs KWIN - Historical Returns

Returns include dividend reinvestment.

Period	CPSM	KWIN
1 month	+0.39%	+0.23%
3 months	+1.01%	+0.66%
6 months	+2.30%	+1.21%
1 year	+5.07%	N/A
Max(CAGR)	+7.41%	+3.60%

Winner

CPSM

+0.39%

KWIN

+0.23%

Winner

CPSM

+1.01%

KWIN

+0.66%

Winner

CPSM

+2.30%

KWIN

+1.21%

CPSM

+5.07%

KWIN

N/A

Max(CAGR)

Winner

CPSM

+7.41%

KWIN

+3.60%

CPSM vs KWIN - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	CPSM	KWIN
2026	+2.44%	+1.72%
2025	+6.93%	+0.87%
2024	+6.67%	N/A

CPSM vs KWIN Drawdown Comparison

The maximum drawdown for CPSM was -5.19%, occurring on Apr 8, 2025. Recovery took 47 trading sessions.

The maximum drawdown for KWIN was -1.58%, occurring on Jul 15, 2026. This drawdown has not yet recovered.

The current CPSM drawdown is -0.04%. The current KWIN drawdown is -1.39%.

Rank	CPSM	KWIN
#1	-5.19% Feb 19, 2025 - Apr 28, 2025	-1.58% Jul 2, 2026 - Jul 15, 2026
#2	-1.16% Jul 15, 2024 - Aug 13, 2024	-0.93% Nov 25, 2025 - Feb 4, 2026
#3	-0.59% Aug 30, 2024 - Sep 12, 2024	-0.83% Nov 19, 2025 - Nov 21, 2025
#4	-0.49% Jun 2, 2026 - Jul 6, 2026	-0.47% Feb 17, 2026 - Mar 4, 2026
#5	-0.45% Sep 25, 2024 - Oct 14, 2024	-0.43% Mar 18, 2026 - Apr 6, 2026
#6	-0.45% Nov 11, 2025 - Nov 26, 2025	-0.31% Mar 4, 2026 - Mar 11, 2026
#7	-0.43% Dec 16, 2024 - Dec 24, 2024	-0.29% May 28, 2026 - Jul 2, 2026
#8	-0.38% Mar 23, 2026 - Apr 1, 2026	-0.26% Apr 28, 2026 - May 11, 2026
#9	-0.35% May 28, 2024 - Jun 5, 2024	-0.25% May 20, 2026 - May 28, 2026
#10	-0.35% Jan 6, 2025 - Jan 15, 2025	-0.24% Feb 9, 2026 - Feb 17, 2026
#11	-0.31% Jan 24, 2025 - Feb 10, 2025	-0.22% Apr 17, 2026 - Apr 23, 2026
#12	-0.31% Aug 21, 2024 - Aug 23, 2024	-0.20% May 11, 2026 - May 18, 2026
#13	-0.30% Oct 14, 2024 - Oct 28, 2024	-0.17% Apr 10, 2026 - Apr 17, 2026
#14	-0.29% Aug 27, 2024 - Aug 30, 2024	-0.14% Apr 6, 2026 - Apr 10, 2026
#15	-0.27% May 15, 2024 - May 28, 2024	-0.13% Nov 6, 2025 - Nov 11, 2025