Calamos Russell 2000 Structured Alt Protection ETF - April (CPRA) 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 CPRA. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CPRA
CPRA 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 April Buffer ETF | 0.25% | — | Oct 2025 | CPRA vs APRB | |
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | CPRA vs OCTB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | CPRA vs JULB | |
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | CPRA vs JANB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | CPRA vs FBUF |
Best Risk-Adjusted Alternatives to CPRA
CPRA has a PortfoliosLab risk / return rank of 97. There are 6 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 | CPRA vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 19.60M | Apr 2025 | CPRA vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 98 | — | Mar 2025 | CPRA vs MMAX | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 98 | — | Apr 2025 | CPRA vs ZAPR | |
| Innovator U.S. Equity Power Buffer ETF - April | 98 | 952.31M | Apr 2019 | CPRA vs PAPR |
Top Performing CPRA Alternatives (YTD)
CPRA is at 4.07% YTD. There are 165 ETFs in the Defined Outcome category with higher YTD returns, going as high as 16.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leverage Shares 2x Capped Accelerated NVDA Monthly... | 16.35% | — | Aug 2025 | CPRA vs NVDO | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 13.09% | — | Jan 2025 | CPRA vs KFEB | |
| Innovator Russell 2000 Power Buffer ETF - April | 12.41% | 216.78M | Mar 2020 | CPRA vs KAPR | |
| FT Vest Emerging Markets Buffer ETF - March | 12.21% | — | Mar 2025 | CPRA vs TMAR | |
| Innovator U.S. Small Cap Power Buffer ETF - March | 11.31% | — | Feb 2025 | CPRA vs KMAR |
Lowest Volatility Alternatives to CPRA
CPRA has 2.25% 1-year volatility. There are 37 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.17%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 1.17% | — | Mar 2025 | CPRA vs PMAP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 1.22% | — | Apr 2025 | CPRA vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.29% | — | Apr 2025 | CPRA vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.35% | 19.60M | Apr 2025 | CPRA vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 1.43% | — | Mar 2025 | CPRA vs MMAX |
Lowest Drawdown Alternatives to CPRA
CPRA has a 1-year max drawdown of -0.89%. There are 9 ETFs in the Defined Outcome category with shallower 1-year drawdowns, going as shallow as -0.35%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | -0.35% | — | Mar 2025 | CPRA vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 19.60M | Apr 2025 | CPRA vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | -0.40% | — | Apr 2025 | CPRA vs ZAPR | |
| iShares Large Cap Max Buffer Mar ETF | -0.46% | — | Mar 2025 | CPRA vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.30M | May 2024 | CPRA vs CPSM |
Other ETFs from Calamos
The 10 most viewed Calamos ETFs shown here include CAIE, CVRT, CAIQ and span 7 categories. AUM among these funds goes as high as $999M.
Often Compared With CPRA
Investors most often compare CPRA with OILK, BNO, AAA. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare CPRA with Any Fund or Stock
Compare CPRA with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CPRA with funds that move differently
Calamos Russell 2000 Structured Alt Protection ETF - April alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CPRA.
Explore CPRA Diversifiers