Calamos S&P 500 Structured Alt Protection ETF - August (CPSA) Alternatives
Calamos S&P 500 Structured Alt Protection ETF - August (CPSA) 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 CPSA. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to CPSA
CPSA charges 0.69% annually. Among ETFs in the Defined Outcome category, these options have the lowest expense ratios among CPSA alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Fidelity Dynamic Buffered Equity ETF | 0.48% | Apr 9, 2024 | CPSA vs FBUF | |
| iShares Large Cap Max Buffer December ETF | 0.50% | Dec 31, 2024 | CPSA vs DMAX | |
| iShares Large Cap Max Buffer Sep ETF | 0.50% | Sep 30, 2024 | CPSA vs SMAX | |
| PGIM Laddered S&P 500 Buffer 12 ETF | 0.50% | Jun 11, 2024 | CPSA vs BUFP | |
| iShares Large Cap Max Buffer Mar ETF | 0.50% | Mar 31, 2025 | CPSA vs MMAX |
Best Risk-Adjusted Alternatives to CPSA
Among ETFs in the Defined Outcome category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| iShares Large Cap Max Buffer Mar ETF | 98 | Mar 31, 2025 | CPSA vs MMAX | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 98 | Apr 1, 2025 | CPSA vs ZAPR | |
| Innovator Equity Defined Protection ETF - 1 Yr Feb... | 97 | Feb 3, 2025 | CPSA vs ZFEB | |
| iShares Large Cap Max Buffer December ETF | 97 | Dec 31, 2024 | CPSA vs DMAX | |
| Innovator Equity Defined Protection ETF - 6 Mo Jan... | 97 | Jun 28, 2024 | CPSA vs JAJL |
Top Performing CPSA Alternatives (YTD)
CPSA alternatives from the Defined Outcome category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Innovator Russell 2000 Power Buffer ETF - April | 4.10% | Mar 31, 2020 | CPSA vs KAPR | |
| Innovator International Developed Power Buffer ETF... | 3.63% | Mar 31, 2021 | CPSA vs IAPR | |
| Innovator Emerging Markets 10 Buffer ETF - Quarter... | 3.34% | Jun 28, 2024 | CPSA vs EBUF | |
| Innovator U.S. Equity Buffer ETF - April | 3.29% | Mar 29, 2019 | CPSA vs BAPR | |
| FT Vest U.S. Equity Buffer ETF - March | 3.23% | Mar 19, 2021 | CPSA vs FMAR |
Lowest Volatility Alternatives to CPSA
CPSA alternatives from the Defined Outcome category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Innovator Equity Defined Protection ETF - 1 Yr May | 1.50% | May 1, 2025 | CPSA vs ZMAY | |
| Innovator Equity Defined Protection ETF - 1 Yr Jun... | 1.91% | May 30, 2025 | CPSA vs ZJUN | |
| AllianzIM U.S. Equity Buffer100 Protection ETF | 1.98% | Jun 30, 2025 | CPSA vs AIOO | |
| iShares Large Cap Max Buffer Mar ETF | 2.16% | Mar 31, 2025 | CPSA vs MMAX | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 2.37% | Apr 1, 2025 | CPSA vs ZAPR |
Lowest Drawdown Alternatives to CPSA
CPSA alternatives from the Defined Outcome category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| iShares Large Cap Max Buffer Mar ETF | -0.90% | Mar 31, 2025 | CPSA vs MMAX | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | -0.94% | Apr 1, 2025 | CPSA vs ZAPR | |
| Innovator Equity Defined Protection ETF - 6 Mo Jan... | -1.01% | Jun 28, 2024 | CPSA vs JAJL | |
| Innovator Premium Income 15 Buffer ETF - July | -1.08% | Jun 28, 2024 | CPSA vs LJUL | |
| Innovator Defined Wealth Shield ETF | -1.16% | Jun 30, 2021 | CPSA vs BALT |
Other ETFs from Calamos
Most popular Calamos ETFs on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | Defined Outcome, S&P 500 | 85 | 1.12% | May 1, 2024 | CPSA vs CPSM | |
| Calamos Autocallable Income ETF | Derivative Income | — | -2.69% | Jun 25, 2025 | CPSA vs CAIE | |
| Calamos Convertible Equity Alternative ETF | Convertible Bonds | 95 | 13.37% | Oct 4, 2023 | CPSA vs CVRT | |
| Calamos Alternative Nasdaq & Bond ETF | Diversified Portfolio | 46 | -4.91% | Feb 13, 2024 | CPSA vs CANQ | |
| Calamos Nasdaq Autocallable Income ETF | Derivative Income | — | -2.54% | Nov 20, 2024 | CPSA vs CAIQ | |
| Calamos Antetokounmpo Global Sustainable Equities ... | Global Equities | 56 | -1.36% | Feb 3, 2023 | CPSA vs SROI | |
| Calamos S&P 500 Structured Alt Protection ETF - Ju... | Defined Outcome | 94 | 0.28% | Jul 1, 2024 | CPSA vs CPSJ | |
| Calamos Bitcoin Structured Alt Protection ETF - Ja... | Defined Outcome | 6 | -1.10% | Jan 22, 2025 | CPSA vs CBOJ | |
| Calamos Russell 2000 Structured Alt Protection ETF... | Defined Outcome | 88 | 1.07% | Jul 1, 2024 | CPSA vs CPRJ |
Compare CPSA with Any Fund or Stock
Compare CPSA with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.