Calamos Nasdaq-100 Structured Alt Protection ETF - December (CPNQ) belongs to the Defined Outcome category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with CPNQ. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CPNQ
CPNQ charges 0.69% annually. There are 41 ETFs in the Defined Outcome category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | CPNQ vs JANB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | CPNQ vs APRB | |
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | CPNQ vs OCTB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | CPNQ vs JULB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | CPNQ vs FBUF |
Best Risk-Adjusted Alternatives to CPNQ
CPNQ has a PortfoliosLab risk / return rank of 94. There are 46 ETFs in the Defined Outcome category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 99 | — | Mar 2025 | CPNQ vs PMAP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 99 | — | Apr 2025 | CPNQ vs APXM | |
| iShares Large Cap Max Buffer Mar ETF | 99 | — | Mar 2025 | CPNQ vs MMAX | |
| PGIM S&P 500 Max Buffer ETF - May | 98 | — | Apr 2025 | CPNQ vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 18.90M | Apr 2025 | CPNQ vs CPSP |
Top Performing CPNQ Alternatives (YTD)
CPNQ is at 3.12% YTD. There are 188 ETFs in the Defined Outcome category with higher YTD returns, going as high as 18.85%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leverage Shares 2x Capped Accelerated NVDA Monthly... | 18.85% | — | Aug 2025 | CPNQ vs NVDO | |
| FT Vest Emerging Markets Buffer ETF - March | 14.45% | — | Mar 2025 | CPNQ vs TMAR | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 13.06% | 557.94M | Mar 2021 | CPNQ vs QMAR | |
| PGIM Nasdaq-100 Buffer 12 ETF - April | 12.09% | 7.34M | Dec 2024 | CPNQ vs PQAP | |
| FT Vest U.S. Equity Uncapped Accelerator ETF - Jul... | 11.78% | — | Jul 2025 | CPNQ vs UXJL |
Lowest Volatility Alternatives to CPNQ
CPNQ has 2.64% 1-year volatility. There are 54 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.01%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest U.S. Equity Max Buffer ETF - April | 1.01% | — | Apr 2025 | CPNQ vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.12% | — | Apr 2025 | CPNQ vs PMMY | |
| PGIM S&P 500 Max Buffer ETF - April | 1.15% | — | Mar 2025 | CPNQ vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | 1.39% | — | Mar 2025 | CPNQ vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.42% | 18.90M | Apr 2025 | CPNQ vs CPSP |
Lowest Drawdown Alternatives to CPNQ
CPNQ has a 1-year max drawdown of -1.52%. There are 49 ETFs in the Defined Outcome category with shallower 1-year drawdowns, going as shallow as -0.27%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest U.S. Equity Max Buffer ETF - April | -0.27% | — | Apr 2025 | CPNQ vs APXM | |
| PGIM S&P 500 Max Buffer ETF - April | -0.34% | — | Mar 2025 | CPNQ vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | -0.34% | — | Mar 2025 | CPNQ vs MMAX | |
| PGIM S&P 500 Max Buffer ETF - May | -0.36% | — | Apr 2025 | CPNQ vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 18.90M | Apr 2025 | CPNQ vs CPSP |
Other ETFs from Calamos
The 10 most viewed Calamos ETFs shown here include CAIE, CPSM, CVRT and span 7 categories. AUM among these funds goes as high as $972M.
Often Compared With CPNQ
Investors most often compare CPNQ with NFXS, PRXV, LLII. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare CPNQ with Any Fund or Stock
Compare CPNQ with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CPNQ with funds that move differently
Calamos Nasdaq-100 Structured Alt Protection ETF - December alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CPNQ.
Explore CPNQ Diversifiers