Calamos Russell 2000 Structured Alt Protection ETF - October (CPRO) 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 CPRO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CPRO
CPRO 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 October Buffer ETF | 0.25% | — | Oct 2025 | CPRO vs OCTB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | CPRO vs JULB | |
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | CPRO vs JANB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | CPRO vs APRB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | CPRO vs FBUF |
Best Risk-Adjusted Alternatives to CPRO
CPRO has a PortfoliosLab risk / return rank of 95. There are 38 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 | CPRO vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | 98 | — | Mar 2025 | CPRO vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 19.60M | Apr 2025 | CPRO vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 98 | — | Apr 2025 | CPRO vs ZAPR | |
| Innovator U.S. Equity Accelerated 9 Buffer ETF - A... | 98 | 134.85M | Mar 2021 | CPRO vs XBAP |
Top Performing CPRO Alternatives (YTD)
CPRO is at 4.63% YTD. There are 181 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 | CPRO vs NVDO | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 13.70% | — | Jan 2025 | CPRO vs KFEB | |
| Innovator Russell 2000 Power Buffer ETF - April | 13.15% | 214.51M | Mar 2020 | CPRO vs KAPR | |
| FT Vest Emerging Markets Buffer ETF - March | 12.87% | — | Mar 2025 | CPRO vs TMAR | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 12.87% | 568.10M | Mar 2021 | CPRO vs QMAR |
Lowest Volatility Alternatives to CPRO
CPRO has 4.35% 1-year volatility. There are 82 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.15%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 1.15% | — | Mar 2025 | CPRO vs PMAP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 1.24% | — | Apr 2025 | CPRO vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.30% | — | Apr 2025 | CPRO vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.34% | 19.60M | Apr 2025 | CPRO vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 1.41% | — | Mar 2025 | CPRO vs MMAX |
Lowest Drawdown Alternatives to CPRO
CPRO has a 1-year max drawdown of -1.77%. There are 63 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 | CPRO vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 19.60M | Apr 2025 | CPRO vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | -0.40% | — | Apr 2025 | CPRO vs ZAPR | |
| iShares Large Cap Max Buffer Mar ETF | -0.46% | — | Mar 2025 | CPRO vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.60M | May 2024 | CPRO 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 $269M.
Often Compared With CPRO
Investors most often compare CPRO with PMOC, BNO, STEN. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare CPRO with Any Fund or Stock
Compare CPRO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CPRO with funds that move differently
Calamos Russell 2000 Structured Alt Protection ETF - October alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CPRO.
Explore CPRO Diversifiers