Calamos S&P 500 Structured Alt Protection ETF - April (CPSP) belongs to the S&P 500 category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with CPSP. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CPSP
CPSP charges 0.69% annually. There are 91 ETFs in the S&P 500 category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| State Street SPDR Portfolio S&P 500 ETF | 0.02% | 160.81B | Nov 2005 | CPSP vs SPYM | |
| iShares Core S&P 500 ETF | 0.03% | 869.20B | May 2000 | CPSP vs IVV | |
| Vanguard S&P 500 ETF | 0.03% | 1.70T | Sep 2010 | CPSP vs VOO | |
| SPDR Portfolio S&P 500 Value ETF | 0.04% | 36.23B | Sep 2000 | CPSP vs SPYV | |
| State Street SPDR Portfolio S&P 500 Growth ETF | 0.04% | 51.09B | Sep 2000 | CPSP vs SPYG |
Best Risk-Adjusted Alternatives to CPSP
CPSP has a PortfoliosLab risk / return rank of 98. No ETFs in the S&P 500 category have higher risk-adjusted ranks; the top alternatives shown here go as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - May | 98 | — | Apr 2025 | CPSP vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | 97 | 56.60M | May 2024 | CPSP vs CPSM | |
| PGIM S&P 500 Max Buffer ETF - February | 96 | — | Jan 2025 | CPSP vs PMFB | |
| PGIM S&P 500 Max Buffer ETF - January | 95 | 4.58M | Dec 2024 | CPSP vs PMJA | |
| ProShares S&P 500 Dynamic Daily Buffer ETF | 95 | 1.78M | Jun 2025 | CPSP vs FB |
Top Performing CPSP Alternatives (YTD)
CPSP is at 3.93% YTD. There are 96 ETFs in the S&P 500 category with higher YTD returns, going as high as 69.42%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily S&P 500 High Beta Bull 3X Shares | 69.42% | 75.02M | Nov 2019 | CPSP vs HIBL | |
| Invesco S&P 500 Equal Weight Technology ETF | 42.30% | 5.46B | Jan 2006 | CPSP vs RSPT | |
| Direxion Daily S&P 500 Bull 3X ETF | 34.10% | 6.60B | Nov 2008 | CPSP vs SPXL | |
| ProShares UltraPro S&P 500 | 33.75% | 5.15B | Jun 2009 | CPSP vs UPRO | |
| Invesco S&P 500 Equal Weight Energy ETF | 33.19% | 573.56M | Nov 2006 | CPSP vs RSPG |
Lowest Volatility Alternatives to CPSP
CPSP has 1.40% 1-year volatility. No ETFs in the S&P 500 category have lower 1-year volatility; the lowest-volatility alternatives shown here go as low as 1.42%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - May | 1.42% | — | Apr 2025 | CPSP vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | 1.67% | 56.60M | May 2024 | CPSP vs CPSM | |
| Calamos S&P 500 Structured Alt Protection ETF - Se... | 2.02% | 32.20M | Sep 2024 | CPSP vs CPST | |
| PGIM S&P 500 Max Buffer ETF - January | 2.02% | 4.58M | Dec 2024 | CPSP vs PMJA | |
| Calamos S&P 500 Structured Alt Protection ETF - Ju... | 2.07% | 26.40M | Jun 2025 | CPSP vs CPSU |
Lowest Drawdown Alternatives to CPSP
CPSP has a 1-year max drawdown of -0.37%. No ETFs in the S&P 500 category have shallower 1-year drawdowns; the lowest-drawdown alternatives shown here go as shallow as -0.49%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.60M | May 2024 | CPSP vs CPSM | |
| PGIM S&P 500 Max Buffer ETF - May | -0.60% | — | Apr 2025 | CPSP vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ju... | -1.03% | 26.40M | Jun 2025 | CPSP vs CPSU | |
| PGIM S&P 500 Max Buffer ETF - June | -1.15% | — | May 2025 | CPSP vs PMJN | |
| Calamos Laddered S&P 500 Structured Alt Protection... | -1.18% | — | Sep 2024 | CPSP vs CPSL |
Other ETFs from Calamos
The 10 most viewed Calamos ETFs shown here include CAIE, CVRT, CAIQ and span 9 categories. AUM among these funds goes as high as $1B.
Often Compared With CPSP
Investors most often compare CPSP with TMAR, PMAP, APXM. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare CPSP with Any Fund or Stock
Compare CPSP with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CPSP with funds that move differently
Calamos S&P 500 Structured Alt Protection ETF - April alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CPSP.
Explore CPSP Diversifiers