PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Calamos Russell 2000 Structured Alt Protection ETF - January (CPRY) Alternatives

ETF · Currency in USD · Last updated Jun 6, 2026

Calamos Russell 2000 Structured Alt Protection ETF - January seeks to match the positive price return of the Russell 2000 up to a defined cap while providing 100% downside protection over a one-year outcome period before fees and expenses.

Calamos Russell 2000 Structured Alt Protection ETF - January (CPRY) 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 CPRY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to CPRY

CPRY charges 0.69% annually. There are 41 ETFs in the Defined Outcome category with lower expense ratios, going as low as 0.25%.

SymbolNameExpense RatioAUMInception
JANB
Aptus January Buffer ETF0.25%—Oct 2025CPRY vs JANB
APRB
Aptus April Buffer ETF0.25%—Oct 2025CPRY vs APRB
JULB
Aptus July Buffer ETF0.25%—Oct 2025CPRY vs JULB
OCTB
Aptus October Buffer ETF0.25%—Oct 2025CPRY vs OCTB
FBUF
Fidelity Dynamic Buffered Equity ETF0.48%—Apr 2024CPRY vs FBUF

Best Risk-Adjusted Alternatives to CPRY

CPRY has a PortfoliosLab risk / return rank of 90. There are 75 ETFs in the Defined Outcome category with higher risk-adjusted ranks, going as high as 99.

SymbolNameRisk / Return RankAUMInception
PMAP
PGIM S&P 500 Max Buffer ETF - April
99
—Mar 2025CPRY vs PMAP
MMAX
iShares Large Cap Max Buffer Mar ETF
99
—Mar 2025CPRY vs MMAX
CPSP
Calamos S&P 500 Structured Alt Protection ETF - Ap...
98
18.90MApr 2025CPRY vs CPSP
APXM
FT Vest U.S. Equity Max Buffer ETF - April
98
—Apr 2025CPRY vs APXM
ZAPR
Innovator Equity Defined Protection ETF - 1 Yr Apr...
98
—Apr 2025CPRY vs ZAPR

Top Performing CPRY Alternatives (YTD)

CPRY is at 2.86% YTD. There are 186 ETFs in the Defined Outcome category with higher YTD returns, going as high as 14.63%.

SymbolNameYTD ReturnAUMInception
NVDO
Leverage Shares 2x Capped Accelerated NVDA Monthly...
14.63%
—Aug 2025CPRY vs NVDO
QMAR
FT Cboe Vest Nasdaq-100 Buffer ETF - March
11.34%
557.94MMar 2021CPRY vs QMAR
KFEB
Innovator U.S. Small Cap Power Buffer ETF - Februa...
10.58%
—Jan 2025CPRY vs KFEB
PQAP
PGIM Nasdaq-100 Buffer 12 ETF - April
10.55%
7.34MDec 2024CPRY vs PQAP
KAPR
Innovator Russell 2000 Power Buffer ETF - April
10.16%
214.88MMar 2020CPRY vs KAPR

Lowest Volatility Alternatives to CPRY

CPRY has 4.58% 1-year volatility. There are 86 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.07%.

SymbolNameVolatility 1YAUMInception
APXM
FT Vest U.S. Equity Max Buffer ETF - April1.07%—Apr 2025CPRY vs APXM
PMAP
PGIM S&P 500 Max Buffer ETF - April1.17%—Mar 2025CPRY vs PMAP
PMMY
PGIM S&P 500 Max Buffer ETF - May1.18%—Apr 2025CPRY vs PMMY
MMAX
iShares Large Cap Max Buffer Mar ETF1.42%—Mar 2025CPRY vs MMAX
CPSP
Calamos S&P 500 Structured Alt Protection ETF - Ap...1.43%18.90MApr 2025CPRY vs CPSP

Lowest Drawdown Alternatives to CPRY

CPRY has a 1-year max drawdown of -2.48%. There are 74 ETFs in the Defined Outcome category with shallower 1-year drawdowns, going as shallow as -0.34%.

SymbolNameMax Drawdown 1YAUMInception
PMAP
PGIM S&P 500 Max Buffer ETF - April
-0.34%
—Mar 2025CPRY vs PMAP
MMAX
iShares Large Cap Max Buffer Mar ETF
-0.35%
—Mar 2025CPRY vs MMAX
PMMY
PGIM S&P 500 Max Buffer ETF - May
-0.36%
—Apr 2025CPRY vs PMMY
CPSP
Calamos S&P 500 Structured Alt Protection ETF - Ap...
-0.37%
18.90MApr 2025CPRY vs CPSP
APXM
FT Vest U.S. Equity Max Buffer ETF - April
-0.38%
—Apr 2025CPRY vs APXM

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.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
CAIE
Calamos Autocallable Income ETFDerivative Income—
7.12%
971.80MJun 2025CPRY vs CAIE
CPSM
Calamos S&P 500 Structured Alt Protection ETF - Ma...Defined Outcome, S&P 500
97
2.04%
55.00MMay 2024CPRY vs CPSM
CVRT
Calamos Convertible Equity Alternative ETFConvertible Bonds
90
33.38%
28.60MOct 2023CPRY vs CVRT
CAIQ
Calamos Nasdaq Autocallable Income ETFNasdaq-100, Derivative Income—
11.17%
207.30MNov 2024CPRY vs CAIQ
CANQ
Calamos Alternative Nasdaq & Bond ETFNasdaq-100, Diversified Portfolio
34
4.23%
25.30MFeb 2024CPRY vs CANQ
CPSL
Calamos Laddered S&P 500 Structured Alt Protection...Defined Outcome, S&P 500
94
2.46%
—Sep 2024CPRY vs CPSL
CPSA
Calamos S&P 500 Structured Alt Protection ETF - Au...Defined Outcome
95
2.69%
42.20MAug 2024CPRY vs CPSA
SROI
Calamos Antetokounmpo Global Sustainable Equities ...Global Equities
39
8.12%
18.70MFeb 2023CPRY vs SROI
CPST
Calamos S&P 500 Structured Alt Protection ETF - Se...Defined Outcome, S&P 500
95
2.50%
31.90MSep 2024CPRY vs CPST
CPSD
Calamos S&P 500 Structured Alt Protection ETF - De...Defined Outcome, S&P 500
94
2.27%
44.50MDec 2024CPRY vs CPSD

Often Compared With CPRY

Investors most often compare CPRY with USO, CPNS, EAPR. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
USO
United States Oil Fund LPOil & Gas
63
92.34%
1.92BApr 2006CPRY vs USO
CPNS
Calamos Nasdaq-100 Structured Alt Protection ETF -...Defined Outcome
95
2.79%
25.30MSep 2024CPRY vs CPNS
EAPR
Innovator Emerging Markets Power Buffer ETF - Apri...Defined Outcome
84
7.71%
100.91MMar 2021CPRY vs EAPR
USOY
Defiance Oil Enhanced Options Income ETFDerivative Income
53
56.61%
62.15MMay 2024CPRY vs USOY
BNO
United States Brent Oil Fund LPOil & Gas
62
80.79%
95.54MJun 2010CPRY vs BNO
BUFP
PGIM Laddered S&P 500 Buffer 12 ETFDefined Outcome, S&P 500
86
5.33%
183.97MJun 2024CPRY vs BUFP
RBIL
F/m Ultrashort Treasury Inflation-Protected Securi...Inflation-Protected Bonds
98
2.63%
112.50MFeb 2025CPRY vs RBIL
DBE
Invesco DB Energy FundOil & Gas
69
75.49%
99.79MJan 2007CPRY vs DBE
PMJA
PGIM S&P 500 Max Buffer ETF - JanuaryDefined Outcome, S&P 500
95
2.11%
4.58MDec 2024CPRY vs PMJA
TMAR
FT Vest Emerging Markets Buffer ETF - MarchDefined Outcome
85
10.14%
—Mar 2025CPRY vs TMAR
CPSJ
Calamos S&P 500 Structured Alt Protection ETF - Ju...Defined Outcome
94
2.58%
41.40MJul 2024CPRY vs CPSJ
DMAX
iShares Large Cap Max Buffer December ETFDefined Outcome
95
2.12%
136.60MDec 2024CPRY vs DMAX
LJUL
Innovator Premium Income 15 Buffer ETF - JulyDefined Outcome
97
1.87%
—Jun 2024CPRY vs LJUL
PBFR
PGIM Laddered S&P 500 Buffer 20 ETFDefined Outcome, S&P 500
91
3.97%
154.43MJun 2024CPRY vs PBFR
PMFB
PGIM S&P 500 Max Buffer ETF - FebruaryDefined Outcome, S&P 500
95
2.30%
—Jan 2025CPRY vs PMFB
PMJN
PGIM S&P 500 Max Buffer ETF - JuneDefined Outcome, S&P 500
95
2.01%
—May 2025CPRY vs PMJN
ZMAY
Innovator Equity Defined Protection ETF - 1 Yr MayDefined Outcome
97
1.80%
—May 2025CPRY vs ZMAY
PBQQ
PGIM Laddered Nasdaq-100 Buffer 12 ETFDefined Outcome, Nasdaq-100
89
7.85%
15.14MDec 2024CPRY vs PBQQ
PQOC
PGIM Nasdaq-100 Buffer 12 ETF - OctoberDefined Outcome, Nasdaq-100
73
7.53%
6.88MDec 2024CPRY vs PQOC
SMAX
iShares Large Cap Max Buffer Sep ETFDefined Outcome
93
2.81%
—Sep 2024CPRY vs SMAX

Compare CPRY with Any Fund or Stock

Compare CPRY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair CPRY with funds that move differently

Calamos Russell 2000 Structured Alt Protection ETF - January alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CPRY.

Explore CPRY Diversifiers