RAYJ vs CPNS
Comparison between RAYLIANT SMDAM JAPAN EQUITY ETF (RAYJ, ETF) and CALAMOS NASDAQ-100 STRUCTURED ALT PROTECTION ETF - SEPTEMBER (CPNS, ETF).
RAYJ vs CPNS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
RAYJ
$25M
CPNS
$25M
Expense Ratio
RAYJ
0.72%
Winner
CPNS
0.69%
Max Drawdown
RAYJ
16.60%
Winner
CPNS
3.99%
Sharpe Ratio
RAYJ
1.11
Winner
CPNS
1.66
5Y Beta
RAYJ
0.79
Winner
CPNS
0.19
RAYJ vs CPNS - Historical Returns
Returns include dividend reinvestment.
1M
Winner
RAYJ
+1.62%
CPNS
+0.46%
3M
Winner
RAYJ
+7.40%
CPNS
+2.23%
6M
Winner
RAYJ
+17.09%
CPNS
+2.91%
1Y
Winner
RAYJ
+31.77%
CPNS
+7.55%
Max(CAGR)
Winner
RAYJ
+24.12%
CPNS
+7.40%
RAYJ vs CPNS - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | RAYJ | CPNS |
|---|---|---|
| 2026 | +17.69% | +2.70% |
| 2025 | +20.33% | +7.10% |
| 2024 | +10.11% | +2.79% |
RAYJ vs CPNS Drawdown Comparison
The maximum drawdown for RAYJ was -15.95%, occurring on Apr 7, 2025. Recovery took 106 trading sessions.
The maximum drawdown for CPNS was -3.99%, occurring on Apr 8, 2025. Recovery took 58 trading sessions.
The current RAYJ drawdown is -5.25%. The current CPNS drawdown is -0.25%.
| Rank | RAYJ | CPNS |
|---|---|---|
| #1 | -15.95% Dec 5, 2024 - May 12, 2025 | -3.99% Feb 19, 2025 - May 13, 2025 |
| #2 | -14.00% Feb 27, 2026 - May 6, 2026 | -1.31% Jan 27, 2026 - Apr 8, 2026 |
| #3 | -13.41% Jul 17, 2024 - Aug 19, 2024 | -0.79% Oct 28, 2025 - Dec 2, 2025 |
| #4 | -10.72% Sep 26, 2024 - Dec 3, 2024 | -0.67% Nov 7, 2024 - Dec 2, 2024 |
| #5 | -7.44% Nov 10, 2025 - Nov 28, 2025 | -0.60% Oct 29, 2024 - Nov 6, 2024 |
| #6 | -7.13% May 13, 2026 - May 19, 2026 | -0.57% Dec 17, 2024 - Jan 6, 2025 |
| #7 | -6.70% Nov 28, 2025 - Jan 9, 2026 | -0.49% Jan 6, 2025 - Jan 17, 2025 |
| #8 | -6.69% Aug 18, 2025 - Nov 3, 2025 | -0.48% May 16, 2025 - May 27, 2025 |
| #9 | -6.39% Apr 9, 2024 - Jul 10, 2024 | -0.46% Jan 23, 2025 - Feb 5, 2025 |
| #10 | -5.87% Aug 30, 2024 - Sep 19, 2024 | -0.45% Dec 11, 2025 - Dec 19, 2025 |
| #11 | -5.80% Jul 23, 2025 - Aug 7, 2025 | -0.40% Sep 26, 2024 - Oct 9, 2024 |
| #12 | -4.88% Jun 27, 2025 - Jul 23, 2025 | -0.33% Jan 12, 2026 - Jan 23, 2026 |
| #13 | -2.39% May 27, 2025 - May 30, 2025 | -0.32% Sep 5, 2024 - Sep 10, 2024 |
| #14 | -2.07% Jan 27, 2026 - Feb 6, 2026 | -0.32% Oct 22, 2024 - Oct 25, 2024 |
| #15 | -1.71% Feb 12, 2026 - Feb 24, 2026 | -0.26% Oct 8, 2025 - Oct 17, 2025 |
Correlation
Correlation between RAYJ and CPNS is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
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