MUSQ vs CPRJ

Comparison between MUSQ GLOBAL MUSIC INDUSTRY INDEX ETF (MUSQ, ETF) and Calamos Russell 2000 Structured Alt Protection ETF July (CPRJ, ETF).

MUSQ vs CPRJ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MUSQ(ETF)	CPRJ(ETF)
Net Assets	$23M	$23M
Expense Ratio	0.76%	0.69%
Max Drawdown	23.60%	6.25%
Sharpe Ratio	-0.62	1.09
5Y Beta	0.86	0.21
P/E Ratio	52.96	N/A
Forward P/E	25.43	N/A
PEG Ratio	0.63	N/A
Debt to Equity	169.45%	N/A
P/S Ratio	1.77	N/A
P/B Ratio	5.85	N/A

Net Assets

MUSQ

$23M

CPRJ

$23M

Expense Ratio

MUSQ

0.76%

Winner

CPRJ

0.69%

Max Drawdown

MUSQ

23.60%

Winner

CPRJ

6.25%

Sharpe Ratio

MUSQ

-0.62

Winner

CPRJ

1.09

5Y Beta

MUSQ

0.86

Winner

CPRJ

0.21

P/E Ratio

MUSQ

52.96

CPRJ

N/A

Forward P/E

MUSQ

25.43

CPRJ

N/A

PEG Ratio

MUSQ

0.63

CPRJ

N/A

Debt to Equity

MUSQ

169.45%

CPRJ

N/A

P/S Ratio

MUSQ

1.77

CPRJ

N/A

P/B Ratio

MUSQ

5.85

CPRJ

N/A

MUSQ vs CPRJ - Historical Returns

Returns include dividend reinvestment.

Period	MUSQ	CPRJ
1 month	-0.97%	+0.40%
3 months	-1.66%	+2.54%
6 months	-7.94%	+3.11%
1 year	-8.38%	+8.57%
Max(CAGR)	+1.51%	+6.66%

MUSQ

-0.97%

Winner

CPRJ

+0.40%

MUSQ

-1.66%

Winner

CPRJ

+2.54%

MUSQ

-7.94%

Winner

CPRJ

+3.11%

MUSQ

-8.38%

Winner

CPRJ

+8.57%

Max(CAGR)

MUSQ

+1.51%

Winner

CPRJ

+6.66%

MUSQ vs CPRJ - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

Year	MUSQ	CPRJ
2026	-9.94%	+2.87%
2025	+19.92%	+5.01%
2024	-3.31%	+4.75%
2023	+1.76%	N/A

MUSQ vs CPRJ Drawdown Comparison

The maximum drawdown for MUSQ was -23.12%, occurring on Mar 27, 2026. This drawdown has not yet recovered.

The maximum drawdown for CPRJ was -6.25%, occurring on Apr 8, 2025. Recovery took 105 trading sessions.

The current MUSQ drawdown is -15.73%. The current CPRJ drawdown is -0.00%.

Rank	MUSQ	CPRJ
#1	-23.12% Sep 16, 2025 - Mar 27, 2026	-6.25% Feb 5, 2025 - Jul 9, 2025
#2	-18.82% Feb 14, 2025 - May 20, 2025	-1.74% Dec 4, 2024 - Jan 30, 2025
#3	-15.69% Jul 18, 2023 - May 6, 2024	-1.67% Jul 16, 2024 - Aug 23, 2024
#4	-14.51% May 6, 2024 - Jan 30, 2025	-1.20% Aug 30, 2024 - Sep 17, 2024
#5	-7.33% Jul 23, 2025 - Aug 13, 2025	-1.07% Oct 24, 2025 - Nov 26, 2025
#6	-2.50% Aug 18, 2025 - Sep 8, 2025	-1.04% Feb 26, 2026 - Apr 8, 2026
#7	-1.91% Jun 30, 2025 - Jul 17, 2025	-0.94% Nov 11, 2024 - Nov 25, 2024
#8	-1.61% Jun 10, 2025 - Jun 23, 2025	-0.69% Oct 17, 2024 - Nov 6, 2024
#9	-1.57% May 27, 2025 - Jun 4, 2025	-0.68% Jul 23, 2025 - Aug 12, 2025
#10	-1.09% May 20, 2025 - May 27, 2025	-0.59% Sep 19, 2024 - Oct 14, 2024
#11	-0.94% Jan 30, 2025 - Feb 4, 2025	-0.57% Jan 30, 2025 - Feb 5, 2025
#12	-0.93% Jul 13, 2023 - Jul 18, 2023	-0.43% Jul 10, 2025 - Jul 22, 2025
#13	-0.92% Jul 17, 2025 - Jul 22, 2025	-0.40% Oct 8, 2025 - Oct 14, 2025
#14	-0.91% Jun 24, 2025 - Jun 26, 2025	-0.39% Aug 13, 2025 - Aug 22, 2025
#15	-0.53% Jul 7, 2023 - Jul 11, 2023	-0.36% Sep 22, 2025 - Oct 1, 2025