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Calamos Russell 2000 Structured Alt Protection ETF...
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

Issuer
Calamos
Inception Date
Oct 1, 2024
Leveraged
1x (No leverage)
Index Tracked
No Index (Active)
Distribution Policy
Accumulating
Asset Class
Equity
Asset Class Size
Small-Cap
Asset Class Style
Blend

Share Price Chart


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Performance

CPRO Performance Chart

Calamos Russell 2000 Structured Alt Protection ETF - October (CPRO) is up 2.3% since the beginning of the year. CPRO is currently trading at $28 per share.


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S&P 500 Index

Returns By Period

Calamos Russell 2000 Structured Alt Protection ETF - October (CPRO) has returned 2.28% so far this year and 13.21% over the past 12 months.


Calamos Russell 2000 Structured Alt Protection ETF - October

1D
0.13%
1M
1.83%
YTD
2.28%
6M
2.74%
1Y
13.21%
3Y*
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
1.18%
1M
5.05%
YTD
1.78%
6M
4.86%
1Y
28.88%
3Y*
18.97%
5Y*
10.81%
10Y*
12.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CPRO Monthly Returns History

Based on dividend-adjusted daily data since Oct 1, 2024, CPRO's average daily return is +0.03%, while the average monthly return is +0.58%. At this rate, an investment would double in approximately 10.0 years.

Historically, 79% of months were positive and 21% were negative. The best month was Aug 2025 with a return of +3.1%, while the worst month was Mar 2025 at -1.2%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 2 months.

On a daily basis, CPRO closed higher 53% of trading days. The best single day was Aug 22, 2025 with a return of +1.8%, while the worst single day was Dec 18, 2024 at -0.8%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20261.09%0.37%-0.72%1.53%2.28%
20250.76%-0.99%-1.21%0.00%0.61%1.14%0.61%3.14%3.03%0.45%0.33%0.26%8.34%
20240.01%1.60%-1.00%0.59%

Benchmark Metrics

Calamos Russell 2000 Structured Alt Protection ETF - October has an annualized alpha of 5.13%, beta of 0.15, and R² of 0.37 versus S&P 500 Index. Calculated based on daily prices since October 02, 2024.

  • This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (33.80%) than losses (21.58%) — typical of diversified or defensive assets.
  • Beta of 0.15 may look defensive, but with R² of 0.37 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
  • R² of 0.37 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.

Alpha
5.13%
Beta
0.15
0.37
Upside Capture
33.80%
Downside Capture
21.58%

Expense Ratio

CPRO has an expense ratio of 0.69%, placing it in the medium range.


Return for Risk

Risk / Return Rank

CPRO ranks 91 for risk / return — in the top 91% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.


CPRO Risk / Return Rank: 9191
Overall Rank
CPRO Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
CPRO Sortino Ratio Rank: 9595
Sortino Ratio Rank
CPRO Omega Ratio Rank: 9191
Omega Ratio Rank
CPRO Calmar Ratio Rank: 9393
Calmar Ratio Rank
CPRO Martin Ratio Rank: 9292
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Calamos Russell 2000 Structured Alt Protection ETF - October (CPRO) and compare them to a chosen benchmark (S&P 500 Index).


CPROBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

2.93

2.20

+0.73

Sortino ratio

Return per unit of downside risk

5.33

3.07

+2.26

Omega ratio

Gain probability vs. loss probability

1.64

1.41

+0.23

Calmar ratio

Return relative to maximum drawdown

7.42

3.55

+3.87

Martin ratio

Return relative to average drawdown

26.88

16.01

+10.87

Explore CPRO risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History


Calamos Russell 2000 Structured Alt Protection ETF - October doesn't pay dividends

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Calamos Russell 2000 Structured Alt Protection ETF - October. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Calamos Russell 2000 Structured Alt Protection ETF - October was 3.36%, occurring on Apr 8, 2025. Recovery took 58 trading sessions.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-3.36%Dec 3, 202486Apr 8, 202558Jul 2, 2025144
-1.77%Jul 24, 20257Aug 1, 20258Aug 13, 202515
-1.44%Feb 27, 202622Mar 30, 20267Apr 9, 202629
-1.25%Oct 28, 202518Nov 20, 20254Nov 26, 202522
-1.05%Aug 14, 20255Aug 20, 20252Aug 22, 20257

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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