CPSN vs CVRD

Comparison between CALAMOS S&P 500 STRUCTURED ALT PROTECTION ETF - JULY (CPSN, ETF) and MADISON COVERED CALL ETF (CVRD, ETF).

CPSN vs CVRD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CPSN(ETF)	CVRD(ETF)
Net Assets	$35M	$35M
Expense Ratio	0.69%	0.92%
Max Drawdown	87.50%	26.36%
Sharpe Ratio	1.36	0.23
5Y Beta	0.16	0.65
P/E Ratio	N/A	32.41
Forward P/E	N/A	14.84
PEG Ratio	N/A	0.03
5Y EPS CAGR	N/A	14.03%
Debt to Equity	N/A	53.53%
P/S Ratio	N/A	2.54
P/B Ratio	N/A	3.46

Net Assets

CPSN

$35M

Winner

CVRD

$35M

Expense Ratio

Winner

CPSN

0.69%

CVRD

0.92%

Max Drawdown

CPSN

87.50%

Winner

CVRD

26.36%

Sharpe Ratio

Winner

CPSN

1.36

CVRD

0.23

5Y Beta

Winner

CPSN

0.16

CVRD

0.65

P/E Ratio

CPSN

N/A

CVRD

32.41

Forward P/E

CPSN

N/A

CVRD

14.84

PEG Ratio

CPSN

N/A

CVRD

0.03

5Y EPS CAGR

CPSN

N/A

CVRD

14.03%

Debt to Equity

CPSN

N/A

CVRD

53.53%

P/S Ratio

CPSN

N/A

CVRD

2.54

P/B Ratio

CPSN

N/A

CVRD

3.46

CPSN vs CVRD - Historical Returns

Returns include dividend reinvestment.

Period	CPSN	CVRD
1 month	+0.43%	-0.08%
3 months	+2.60%	+3.18%
6 months	+2.84%	+1.74%
1 year	+6.80%	+6.22%
5 years(CAGR)	+94.12%	N/A
Max(CAGR)	+43.20%	+6.46%

Winner

CPSN

+0.43%

CVRD

-0.08%

CPSN

+2.60%

Winner

CVRD

+3.18%

Winner

CPSN

+2.84%

CVRD

+1.74%

Winner

CPSN

+6.80%

CVRD

+6.22%

5Y(CAGR)

CPSN

+94.12%

CVRD

N/A

Max(CAGR)

Winner

CPSN

+43.20%

CVRD

+6.46%

CPSN vs CVRD - Annual Returns (2018 - 2026)

Returns include dividend reinvestment.

Year	CPSN	CVRD
2026	+2.54%	+1.85%
2025	+6.19%	+6.01%
2024	+0.82%	+4.83%
2023	N/A	+5.15%
2022	+0.00%	N/A
2021	-37.50%	N/A
2020	-20.00%	N/A
2019	+8.70%	N/A
2018	+56.97%	N/A

CPSN vs CVRD Drawdown Comparison

The maximum drawdown for CPSN was -87.50%, occurring on Sep 7, 2021. Recovery took 618 trading sessions.

The maximum drawdown for CVRD was -17.95%, occurring on Apr 8, 2025. Recovery took 143 trading sessions.

The current CPSN drawdown is -0.15%. The current CVRD drawdown is -2.27%.

Rank	CPSN	CVRD
#1	-87.50% Aug 27, 2018 - Nov 1, 2024	-17.95% Dec 2, 2024 - Jul 1, 2025
#2	-6.40% Aug 15, 2018 - Aug 17, 2018	-6.47% Sep 1, 2023 - Dec 1, 2023
#3	-3.23% Feb 19, 2025 - May 14, 2025	-5.70% Jan 26, 2026 - Apr 17, 2026
#4	-1.63% Feb 9, 2026 - Apr 13, 2026	-5.29% Oct 27, 2025 - Dec 10, 2025
#5	-1.46% Aug 17, 2018 - Aug 21, 2018	-4.19% Jul 16, 2024 - Aug 15, 2024
#6	-0.61% Jun 2, 2026 - Jun 10, 2026	-3.87% Mar 28, 2024 - May 15, 2024
#7	-0.61% Aug 7, 2018 - Aug 9, 2018	-3.36% Jul 25, 2025 - Aug 22, 2025
#8	-0.60% Nov 11, 2025 - Nov 26, 2025	-2.84% Jun 1, 2026 - Jun 10, 2026
#9	-0.60% May 19, 2025 - Jun 3, 2025	-2.67% May 17, 2024 - Jul 16, 2024
#10	-0.51% Dec 16, 2024 - Dec 24, 2024	-2.65% Aug 22, 2025 - Oct 21, 2025
#11	-0.49% Jan 6, 2025 - Jan 17, 2025	-2.22% Apr 30, 2026 - May 29, 2026
#12	-0.41% Jan 24, 2025 - Feb 6, 2025	-1.97% Aug 30, 2024 - Sep 17, 2024
#13	-0.39% Jan 28, 2026 - Feb 9, 2026	-1.86% Jan 15, 2026 - Jan 22, 2026
#14	-0.37% Jan 12, 2026 - Jan 26, 2026	-1.49% Dec 11, 2025 - Jan 5, 2026
#15	-0.37% Dec 24, 2024 - Jan 6, 2025	-1.26% Oct 14, 2024 - Nov 6, 2024