OVM vs CPSA

Comparison between OVERLAY SHARES MUNICIPAL BOND ETF (OVM, ETF) and CALAMOS S&P 500 STRUCTURED ALT PROTECTION ETF - AUGUST (CPSA, ETF).

OVM vs CPSA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	OVM(ETF)	CPSA(ETF)
Net Assets	$43M	$42M
Expense Ratio	0.81%	0.69%
Max Drawdown	24.24%	4.72%
Sharpe Ratio	1.17	1.19
5Y Beta	0.18	0.21
5Y Dividends CAGR	6.82%	N/A

Net Assets

Winner

OVM

$43M

CPSA

$42M

Expense Ratio

OVM

0.81%

Winner

CPSA

0.69%

Max Drawdown

OVM

24.24%

Winner

CPSA

4.72%

Sharpe Ratio

OVM

1.17

Winner

CPSA

1.19

5Y Beta

Winner

OVM

0.18

CPSA

0.21

5Y Dividends CAGR

OVM

6.82%

CPSA

N/A

OVM vs CPSA - Historical Returns

Returns include dividend reinvestment.

Period	OVM	CPSA
1 month	-0.85%	+0.41%
3 months	+0.01%	+1.75%
6 months	+2.30%	+3.11%
1 year	+8.78%	+6.52%
5 years(CAGR)	+1.09%	N/A
Max(CAGR)	+2.56%	+7.35%

OVM

-0.85%

Winner

CPSA

+0.41%

OVM

+0.01%

Winner

CPSA

+1.75%

OVM

+2.30%

Winner

CPSA

+3.11%

Winner

OVM

+8.78%

CPSA

+6.52%

5Y(CAGR)

OVM

+1.09%

CPSA

N/A

Max(CAGR)

OVM

+2.56%

Winner

CPSA

+7.35%

OVM vs CPSA - Annual Returns (2019 - 2026)

Returns include dividend reinvestment.

Year	OVM	CPSA
2026	+2.56%	+3.40%
2025	+4.18%	+7.26%
2024	+3.99%	+3.51%
2023	+6.98%	N/A
2022	-11.22%	N/A
2021	+4.98%	N/A
2020	+6.00%	N/A
2019	+1.72%	N/A

OVM vs CPSA Drawdown Comparison

The maximum drawdown for OVM was -15.58%, occurring on Sep 30, 2022. Recovery took 694 trading sessions.

The maximum drawdown for CPSA was -4.72%, occurring on Apr 8, 2025. Recovery took 60 trading sessions.

The current OVM drawdown is -1.51%.

Rank	OVM	CPSA
#1	-15.58% Dec 28, 2021 - Oct 2, 2024	-4.72% Feb 19, 2025 - May 15, 2025
#2	-14.90% Feb 20, 2020 - Jul 9, 2020	-1.47% Feb 26, 2026 - Apr 8, 2026
#3	-8.20% Dec 6, 2024 - Oct 15, 2025	-0.93% Jan 24, 2025 - Feb 11, 2025
#4	-2.44% Feb 27, 2026 - Apr 30, 2026	-0.86% May 19, 2025 - Jun 3, 2025
#5	-2.22% Feb 12, 2021 - Apr 15, 2021	-0.79% Oct 28, 2025 - Nov 28, 2025
#6	-2.12% Oct 2, 2024 - Nov 27, 2024	-0.77% Aug 30, 2024 - Sep 13, 2024
#7	-2.06% Sep 9, 2021 - Dec 28, 2021	-0.62% Dec 11, 2024 - Dec 24, 2024
#8	-1.84% Aug 10, 2020 - Nov 17, 2020	-0.57% Aug 1, 2024 - Aug 13, 2024
#9	-1.51% Jul 6, 2026 - Jul 21, 2026	-0.53% Dec 24, 2024 - Jan 15, 2025
#10	-1.50% Oct 27, 2025 - Dec 10, 2025	-0.49% Oct 8, 2025 - Oct 21, 2025
#11	-1.24% May 8, 2026 - May 27, 2026	-0.46% Oct 29, 2024 - Nov 6, 2024
#12	-1.22% Jan 14, 2026 - Feb 2, 2026	-0.37% Nov 11, 2024 - Nov 25, 2024
#13	-1.17% Dec 24, 2020 - Jan 20, 2021	-0.37% Jan 27, 2026 - Feb 9, 2026
#14	-1.07% Jun 4, 2026 - Jul 2, 2026	-0.37% Aug 13, 2025 - Aug 22, 2025
#15	-0.82% May 7, 2021 - May 25, 2021	-0.36% Sep 25, 2024 - Oct 11, 2024