OVLH vs CPSL

Comparison between OVERLAY SHARES HEDGED LARGE CAP EQUITY ETF (OVLH, ETF) and Calamos Laddered S&P 500 Structured Alt Protection ETF (CPSL, ETF).

OVLH vs CPSL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	OVLH(ETF)	CPSL(ETF)
Net Assets	$116M	$115M
Expense Ratio	0.80%	0.79%
Max Drawdown	21.00%	3.72%
Sharpe Ratio	0.92	0.97
5Y Beta	0.56	0.17

Net Assets

Winner

OVLH

$116M

CPSL

$115M

Expense Ratio

OVLH

0.80%

Winner

CPSL

0.79%

Max Drawdown

OVLH

21.00%

Winner

CPSL

3.72%

Sharpe Ratio

OVLH

0.92

Winner

CPSL

0.97

5Y Beta

OVLH

0.56

Winner

CPSL

0.17

OVLH vs CPSL - Holdings Comparison

OVLH and CPSL have 0 common holdings. Overlap is 0.00%

OVLH's top 25 holdings weight is 98.56%. CPSL's top 25 holdings weight is 99.91%.

Rank	OVLH	CPSL
#1	VANGUARD S&P 500 ETF (VOO) - 98.24%	CALAMOS S&P 500 STR ALT PRT ETF-APR (CPSP) - 8.38%
#2	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.32%	CALAMOS S&P 500 STR ALT PRT ETF-AUG (CPSA) - 8.34%
#3	N/A	CALAMOS S&P 500 STR ALT PRT ETF-OCT (CPSO) - 8.34%
#4	N/A	CALAMOS S&P 500 STR ALT PRT ETF-NOV (CPSN) - 8.33%
#5	N/A	CALAMOS S&P 500 STR ALT PRT ETF-FEB (CPSF) - 8.32%
#6	N/A	CALAMOS S&P 500 STR ALT PRT ETF-DEC (CPSD) - 8.32%
#7	N/A	CALAMOS S&P 500 STR ALT PRT ETF-JUL (CPSJ) - 8.32%
#8	N/A	CALAMOS S&P 500 STR ALT PRT ETF-MAR (CPSR) - 8.32%
#9	N/A	CALAMOS S&P 500 STR ALT PRT ETF-SEP (CPST) - 8.32%
#10	N/A	CALAMOS S&P 500 STR ALT PRT ETF-JAN (CPSY) - 8.31%
#11	N/A	CALAMOS S&P 500 STR ALT PRT ETF-JUN (CPSU) - 8.31%
#12	N/A	CALAMOS S&P 500 STR ALT PRT ETF-MAY (CPSM) - 8.30%
#13	N/A	N/A
#14	N/A	N/A
#15	N/A	N/A
#16	N/A	N/A
#17	N/A	N/A
#18	N/A	N/A
#19	N/A	N/A
#20	N/A	N/A
#21	N/A	N/A
#22	N/A	N/A
#23	N/A	N/A
#24	N/A	N/A
#25	N/A	N/A
Total Holdings	2	12

OVLH vs CPSL - Historical Returns

Returns include dividend reinvestment.

Period	OVLH	CPSL
1 month	-0.24%	+0.40%
3 months	+2.39%	+1.34%
6 months	+4.22%	+2.38%
1 year	+10.33%	+5.75%
5 years(CAGR)	+8.37%	N/A
Max(CAGR)	+10.11%	+6.30%

OVLH

-0.24%

Winner

CPSL

+0.40%

Winner

OVLH

+2.39%

CPSL

+1.34%

Winner

OVLH

+4.22%

CPSL

+2.38%

Winner

OVLH

+10.33%

CPSL

+5.75%

5Y(CAGR)

OVLH

+8.37%

CPSL

N/A

Max(CAGR)

Winner

OVLH

+10.11%

CPSL

+6.30%

OVLH vs CPSL - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	OVLH	CPSL
2026	+4.54%	+2.73%
2025	+15.91%	+6.49%
2024	+19.10%	+2.32%
2023	+17.29%	N/A
2022	-16.38%	N/A
2021	+20.91%	N/A

OVLH vs CPSL Drawdown Comparison

The maximum drawdown for OVLH was -20.69%, occurring on Oct 11, 2022. Recovery took 528 trading sessions.

The maximum drawdown for CPSL was -3.72%, occurring on Apr 4, 2025. Recovery took 59 trading sessions.

The current OVLH drawdown is -2.99%. The current CPSL drawdown is -0.21%.

Rank	OVLH	CPSL
#1	-20.69% Dec 27, 2021 - Feb 2, 2024	-3.72% Feb 20, 2025 - May 15, 2025
#2	-8.81% Feb 19, 2025 - May 12, 2025	-1.18% Feb 25, 2026 - Apr 8, 2026
#3	-6.36% Jan 27, 2026 - Apr 17, 2026	-0.63% Nov 12, 2025 - Nov 25, 2025
#4	-5.22% Jul 16, 2024 - Sep 13, 2024	-0.58% May 19, 2025 - Jun 3, 2025
#5	-5.22% Sep 3, 2021 - Oct 28, 2021	-0.55% Dec 13, 2024 - Dec 26, 2024
#6	-3.89% Feb 16, 2021 - Mar 15, 2021	-0.51% Oct 28, 2024 - Nov 6, 2024
#7	-3.83% May 7, 2021 - Jun 11, 2021	-0.51% Jan 6, 2025 - Jan 17, 2025
#8	-3.83% Mar 27, 2024 - May 15, 2024	-0.46% Jun 3, 2025 - Jun 12, 2025
#9	-3.53% Jun 2, 2026 - Jun 10, 2026	-0.43% Jun 2, 2026 - Jun 15, 2026
#10	-3.16% Oct 28, 2025 - Jan 12, 2026	-0.43% Jun 16, 2026 - Jul 2, 2026
#11	-3.06% Dec 6, 2024 - Feb 19, 2025	-0.39% Dec 26, 2024 - Jan 6, 2025
#12	-2.72% Jul 12, 2021 - Jul 23, 2021	-0.35% Sep 23, 2024 - Oct 14, 2024
#13	-2.64% Nov 24, 2021 - Dec 10, 2021	-0.35% Jul 29, 2025 - Aug 7, 2025
#14	-2.57% Dec 15, 2021 - Dec 27, 2021	-0.33% Oct 1, 2025 - Oct 21, 2025
#15	-2.43% Jan 26, 2021 - Feb 4, 2021	-0.31% Jun 12, 2025 - Jun 16, 2025