CPSP vs MFLX
Comparison between Calamos S&P 500 Structured Alt Protection ETF April (CPSP, ETF) and FIRST TRUST FLEXIBLE MUNICIPAL HIGH INCOME ETF (MFLX, ETF).
CPSP vs MFLX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
CPSP
$19M
MFLX
$19M
Expense Ratio
Winner
CPSP
0.69%
MFLX
0.75%
Max Drawdown
Winner
CPSP
1.73%
MFLX
29.72%
Sharpe Ratio
Winner
CPSP
2.28
MFLX
1.21
5Y Beta
CPSP
0.11
Winner
MFLX
-0.05
5Y Dividends CAGR
CPSP
N/A
MFLX
1.25%
CPSP vs MFLX - Historical Returns
Returns include dividend reinvestment.
1M
CPSP
+0.43%
Winner
MFLX
+1.03%
3M
Winner
CPSP
+2.24%
MFLX
+1.30%
6M
CPSP
+3.46%
Winner
MFLX
+3.63%
1Y
CPSP
+7.11%
Winner
MFLX
+8.70%
5Y(CAGR)
CPSP
N/A
MFLX
-0.06%
10Y(CAGR)
CPSP
N/A
MFLX
+2.13%
Max(CAGR)
Winner
CPSP
+7.37%
MFLX
+2.13%
CPSP vs MFLX - Annual Returns (2016 - 2026)
Returns include dividend reinvestment.
| Year | CPSP | MFLX |
|---|---|---|
| 2026 | +3.05% | +3.03% |
| 2025 | +5.46% | +4.12% |
| 2024 | N/A | +4.73% |
| 2023 | N/A | +8.91% |
| 2022 | N/A | -19.65% |
| 2021 | N/A | +8.96% |
| 2020 | N/A | +7.00% |
| 2019 | N/A | +15.75% |
| 2018 | N/A | -4.71% |
| 2017 | N/A | +5.57% |
| 2016 | N/A | -7.63% |
CPSP vs MFLX Drawdown Comparison
The maximum drawdown for CPSP was -1.73%, occurring on Apr 8, 2025. Recovery took 18 trading sessions.
The maximum drawdown for MFLX was -26.76%, occurring on Mar 18, 2020. Recovery took 193 trading sessions.
The current CPSP drawdown is -0.19%. The current MFLX drawdown is -3.94%.
| Rank | CPSP | MFLX |
|---|---|---|
| #1 | -1.73% Apr 2, 2025 - Apr 29, 2025 | -26.76% Feb 24, 2020 - Nov 25, 2020 |
| #2 | -0.38% May 16, 2025 - May 30, 2025 | -25.88% Aug 24, 2021 - Oct 27, 2022 |
| #3 | -0.37% Nov 11, 2025 - Nov 25, 2025 | -10.10% Sep 29, 2016 - Mar 26, 2019 |
| #4 | -0.36% Jun 12, 2025 - Jun 23, 2025 | -4.45% Feb 11, 2021 - Apr 14, 2021 |
| #5 | -0.25% Aug 13, 2025 - Aug 22, 2025 | -3.82% Sep 4, 2019 - Dec 11, 2019 |
| #6 | -0.23% Oct 6, 2025 - Oct 20, 2025 | -1.54% Jul 12, 2021 - Jul 28, 2021 |
| #7 | -0.19% Jun 4, 2026 - Jun 5, 2026 | -1.42% May 10, 2021 - May 26, 2021 |
| #8 | -0.17% Oct 27, 2025 - Nov 10, 2025 | -1.05% Dec 11, 2020 - Dec 31, 2020 |
| #9 | -0.16% Jul 25, 2025 - Aug 4, 2025 | -0.81% Apr 15, 2019 - May 2, 2019 |
| #10 | -0.16% Aug 27, 2025 - Sep 4, 2025 | -0.73% Dec 31, 2020 - Jan 19, 2021 |
| #11 | -0.16% Sep 15, 2025 - Sep 17, 2025 | -0.71% Dec 26, 2019 - Jan 7, 2020 |
| #12 | -0.15% Mar 4, 2026 - Mar 10, 2026 | -0.69% Jun 10, 2021 - Jun 28, 2021 |
| #13 | -0.15% May 14, 2026 - May 26, 2026 | -0.69% Dec 11, 2019 - Dec 26, 2019 |
| #14 | -0.14% Oct 21, 2025 - Oct 24, 2025 | -0.67% Aug 4, 2021 - Aug 10, 2021 |
| #15 | -0.13% Feb 2, 2026 - Feb 6, 2026 | -0.62% Aug 20, 2019 - Aug 28, 2019 |
Correlation
Correlation between CPSP and MFLX is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
0.93
-101
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