RSBA vs CPSM

Comparison between RETURN STACKED(R) BONDS & MERGER ARBITRAGE ETF (RSBA, ETF) and CALAMOS S&P 500 STRUCTURED ALT PROTECTION ETF - MAY (CPSM, ETF).

RSBA vs CPSM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	RSBA(ETF)	CPSM(ETF)
Net Assets	$53M	$53M
Expense Ratio	1.01%	0.69%
Max Drawdown	5.45%	5.19%
Sharpe Ratio	-0.00	1.18
5Y Beta	0.04	0.24
P/E Ratio	96.50	N/A
Forward P/E	13.96	N/A
Debt to Equity	-1.89%	N/A
P/S Ratio	2.08	N/A
P/B Ratio	2.16	N/A

Net Assets

RSBA

$53M

Winner

CPSM

$53M

Expense Ratio

RSBA

1.01%

Winner

CPSM

0.69%

Max Drawdown

RSBA

5.45%

Winner

CPSM

5.19%

Sharpe Ratio

RSBA

-0.00

Winner

CPSM

1.18

5Y Beta

Winner

RSBA

0.04

CPSM

0.24

P/E Ratio

RSBA

96.50

CPSM

N/A

Forward P/E

RSBA

13.96

CPSM

N/A

Debt to Equity

RSBA

-1.89%

CPSM

N/A

P/S Ratio

RSBA

2.08

CPSM

N/A

P/B Ratio

RSBA

2.16

CPSM

N/A

RSBA vs CPSM - Historical Returns

Returns include dividend reinvestment.

Period	RSBA	CPSM
1 month	-0.38%	+0.31%
3 months	-1.07%	+1.44%
6 months	-0.42%	+2.46%
1 year	+3.85%	+5.62%
Max(CAGR)	+4.80%	+7.65%

RSBA

-0.38%

Winner

CPSM

+0.31%

RSBA

-1.07%

Winner

CPSM

+1.44%

RSBA

-0.42%

Winner

CPSM

+2.46%

RSBA

+3.85%

Winner

CPSM

+5.62%

Max(CAGR)

RSBA

+4.80%

Winner

CPSM

+7.65%

RSBA vs CPSM - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	RSBA	CPSM
2026	-0.45%	+2.01%
2025	+7.70%	+6.93%
2024	-0.03%	+6.67%

RSBA vs CPSM Drawdown Comparison

The maximum drawdown for RSBA was -2.83%, occurring on Apr 11, 2025. Recovery took 55 trading sessions.

The maximum drawdown for CPSM was -5.19%, occurring on Apr 8, 2025. Recovery took 47 trading sessions.

The current RSBA drawdown is -1.87%. The current CPSM drawdown is -0.28%.

Rank	RSBA	CPSM
#1	-2.83% Apr 3, 2025 - Jun 24, 2025	-5.19% Feb 19, 2025 - Apr 28, 2025
#2	-2.74% Feb 13, 2026 - Mar 27, 2026	-1.16% Jul 15, 2024 - Aug 13, 2024
#3	-1.36% Dec 20, 2024 - Jan 27, 2025	-0.59% Aug 30, 2024 - Sep 12, 2024
#4	-1.25% Jun 30, 2025 - Aug 1, 2025	-0.45% Sep 25, 2024 - Oct 14, 2024
#5	-1.20% Nov 26, 2025 - Feb 9, 2026	-0.45% Nov 11, 2025 - Nov 26, 2025
#6	-1.14% Feb 5, 2025 - Feb 21, 2025	-0.43% Dec 16, 2024 - Dec 24, 2024
#7	-1.05% Oct 22, 2025 - Nov 24, 2025	-0.38% Mar 23, 2026 - Apr 1, 2026
#8	-1.00% Sep 11, 2025 - Oct 13, 2025	-0.35% May 28, 2024 - Jun 5, 2024
#9	-0.93% Aug 4, 2025 - Sep 4, 2025	-0.35% Jan 6, 2025 - Jan 15, 2025
#10	-0.78% Mar 3, 2025 - Mar 28, 2025	-0.31% Jan 24, 2025 - Feb 10, 2025
#11	-0.28% Oct 16, 2025 - Oct 22, 2025	-0.31% Aug 21, 2024 - Aug 23, 2024
#12	-0.26% Sep 8, 2025 - Sep 11, 2025	-0.30% Oct 14, 2024 - Oct 28, 2024
#13	-0.24% Feb 9, 2026 - Feb 12, 2026	-0.29% Aug 27, 2024 - Aug 30, 2024
#14	-0.22% Apr 1, 2025 - Apr 3, 2025	-0.28% Jun 2, 2026 - Jun 5, 2026
#15	-0.21% Jan 30, 2025 - Feb 4, 2025	-0.27% May 15, 2024 - May 28, 2024