HYBX vs CPNQ

Comparison between TCW High Yield Bond ETF (HYBX, ETF) and CALAMOS NASDAQ-100 STRUCTURED ALT PROTECTION ETF - DECEMBER (CPNQ, ETF).

HYBX vs CPNQ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HYBX(ETF)	CPNQ(ETF)
Net Assets	$33M	$33M
Expense Ratio	0.50%	0.69%
Max Drawdown	5.48%	3.52%
Sharpe Ratio	0.27	1.62
5Y Beta	0.16	0.16

Net Assets

HYBX

$33M

CPNQ

$33M

Expense Ratio

Winner

HYBX

0.50%

CPNQ

0.69%

Max Drawdown

HYBX

5.48%

Winner

CPNQ

3.52%

Sharpe Ratio

HYBX

0.27

Winner

CPNQ

1.62

5Y Beta

Winner

HYBX

0.16

CPNQ

0.16

HYBX vs CPNQ - Historical Returns

Returns include dividend reinvestment.

Period	HYBX	CPNQ
1 month	-0.17%	+0.36%
3 months	+0.55%	+2.25%
6 months	+1.87%	+2.71%
1 year	+5.33%	+8.40%
Max(CAGR)	+5.17%	+7.08%

HYBX

-0.17%

Winner

CPNQ

+0.36%

HYBX

+0.55%

Winner

CPNQ

+2.25%

HYBX

+1.87%

Winner

CPNQ

+2.71%

HYBX

+5.33%

Winner

CPNQ

+8.40%

Max(CAGR)

HYBX

+5.17%

Winner

CPNQ

+7.08%

HYBX vs CPNQ - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	HYBX	CPNQ
2026	+1.12%	+2.68%
2025	+6.16%	+7.82%
2024	-0.26%	+0.22%

HYBX vs CPNQ Drawdown Comparison

The maximum drawdown for HYBX was -3.92%, occurring on Apr 8, 2025. Recovery took 50 trading sessions.

The maximum drawdown for CPNQ was -3.52%, occurring on Apr 4, 2025. Recovery took 61 trading sessions.

The current HYBX drawdown is -0.93%. The current CPNQ drawdown is -0.55%.

Rank	HYBX	CPNQ
#1	-3.92% Feb 28, 2025 - May 12, 2025	-3.52% Feb 19, 2025 - May 16, 2025
#2	-2.15% Jan 27, 2026 - Apr 8, 2026	-1.52% Jan 28, 2026 - Apr 13, 2026
#3	-1.76% Oct 28, 2025 - Dec 19, 2025	-0.68% Dec 16, 2024 - Jan 17, 2025
#4	-1.72% Dec 6, 2024 - Jan 24, 2025	-0.55% May 29, 2026 - Jun 5, 2026
#5	-1.49% Aug 13, 2025 - Sep 2, 2025	-0.55% Dec 10, 2025 - Dec 23, 2025
#6	-1.48% Sep 23, 2025 - Oct 28, 2025	-0.54% Jan 22, 2025 - Feb 5, 2025
#7	-1.38% Dec 19, 2025 - Dec 23, 2025	-0.44% Aug 14, 2025 - Aug 28, 2025
#8	-1.38% Apr 27, 2026 - May 19, 2026	-0.44% Jan 7, 2026 - Jan 26, 2026
#9	-0.85% Nov 18, 2024 - Dec 3, 2024	-0.44% Jul 28, 2025 - Aug 6, 2025
#10	-0.84% May 20, 2025 - May 28, 2025	-0.44% Oct 9, 2025 - Oct 20, 2025
#11	-0.81% Jan 20, 2026 - Jan 27, 2026	-0.42% May 19, 2025 - May 27, 2025
#12	-0.72% Jul 9, 2025 - Jul 21, 2025	-0.35% Aug 28, 2025 - Sep 4, 2025
#13	-0.69% Jul 23, 2025 - Aug 11, 2025	-0.32% Nov 12, 2025 - Nov 24, 2025
#14	-0.68% Sep 5, 2025 - Sep 18, 2025	-0.26% Dec 6, 2024 - Dec 11, 2024
#15	-0.66% Dec 24, 2025 - Jan 2, 2026	-0.24% Jun 12, 2025 - Jun 16, 2025