Calamos Laddered S&P 500 Structured Alt Protection ETF (CPSL) 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 CPSL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CPSL
CPSL charges 0.79% annually. There are 89 ETFs in the Defined Outcome category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | CPSL vs JANB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | CPSL vs JULB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | CPSL vs APRB | |
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | CPSL vs OCTB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | CPSL vs FBUF |
Best Risk-Adjusted Alternatives to CPSL
CPSL has a PortfoliosLab risk / return rank of 93. There are 61 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 | CPSL vs PMAP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 99 | — | Apr 2025 | CPSL vs APXM | |
| iShares Large Cap Max Buffer Mar ETF | 99 | — | Mar 2025 | CPSL vs MMAX | |
| PGIM S&P 500 Max Buffer ETF - May | 98 | — | Apr 2025 | CPSL vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 18.90M | Apr 2025 | CPSL vs CPSP |
Top Performing CPSL Alternatives (YTD)
CPSL is at 2.71% YTD. There are 208 ETFs in the Defined Outcome category with higher YTD returns, going as high as 21.85%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leverage Shares 2x Capped Accelerated NVDA Monthly... | 21.85% | — | Aug 2025 | CPSL vs NVDO | |
| FT Vest Emerging Markets Buffer ETF - March | 14.45% | — | Mar 2025 | CPSL vs TMAR | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 13.06% | 557.94M | Mar 2021 | CPSL vs QMAR | |
| FT Vest U.S. Equity Uncapped Accelerator ETF - Jul... | 12.64% | — | Jul 2025 | CPSL vs UXJL | |
| FT Vest U.S. Equity Uncapped Accelerator ETF - Jan... | 12.41% | — | Jan 2025 | CPSL vs UXJA |
Lowest Volatility Alternatives to CPSL
CPSL has 2.35% 1-year volatility. There are 42 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.01%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest U.S. Equity Max Buffer ETF - April | 1.01% | — | Apr 2025 | CPSL vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.12% | — | Apr 2025 | CPSL vs PMMY | |
| PGIM S&P 500 Max Buffer ETF - April | 1.15% | — | Mar 2025 | CPSL vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | 1.39% | — | Mar 2025 | CPSL vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.42% | 18.90M | Apr 2025 | CPSL vs CPSP |
Lowest Drawdown Alternatives to CPSL
CPSL has a 1-year max drawdown of -1.18%. There are 23 ETFs in the Defined Outcome category with shallower 1-year drawdowns, going as shallow as -0.27%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest U.S. Equity Max Buffer ETF - April | -0.27% | — | Apr 2025 | CPSL vs APXM | |
| iShares Large Cap Max Buffer Mar ETF | -0.34% | — | Mar 2025 | CPSL vs MMAX | |
| PGIM S&P 500 Max Buffer ETF - April | -0.34% | — | Mar 2025 | CPSL vs PMAP | |
| PGIM S&P 500 Max Buffer ETF - May | -0.36% | — | Apr 2025 | CPSL vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 18.90M | Apr 2025 | CPSL vs CPSP |
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.
Often Compared With CPSL
Investors most often compare CPSL with VOO, CPRJ, CPNS. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare CPSL with Any Fund or Stock
Compare CPSL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CPSL with funds that move differently
Calamos Laddered S&P 500 Structured Alt Protection ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CPSL.
Explore CPSL Diversifiers