Calamos S&P 500 Structured Alt Protection ETF - March (CPSR) 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 CPSR. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CPSR
CPSR charges 0.69% annually. There are 42 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 | CPSR vs JANB | |
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | CPSR vs OCTB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | CPSR vs APRB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | CPSR vs JULB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | CPSR vs FBUF |
Best Risk-Adjusted Alternatives to CPSR
CPSR has a PortfoliosLab risk / return rank of 96. There are 22 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 | CPSR vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | 98 | — | Mar 2025 | CPSR vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 19.60M | Apr 2025 | CPSR vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 98 | — | Apr 2025 | CPSR vs ZAPR | |
| Innovator U.S. Equity Accelerated 9 Buffer ETF - A... | 98 | 134.85M | Mar 2021 | CPSR vs XBAP |
Top Performing CPSR Alternatives (YTD)
CPSR is at 2.82% YTD. There are 242 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 | CPSR vs NVDO | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 13.85% | — | Jan 2025 | CPSR vs KFEB | |
| Innovator Russell 2000 Power Buffer ETF - April | 13.22% | 214.51M | Mar 2020 | CPSR vs KAPR | |
| ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 12.42% | 2.84M | Jun 2025 | CPSR vs QB | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 12.12% | 568.10M | Mar 2021 | CPSR vs QMAR |
Lowest Volatility Alternatives to CPSR
CPSR has 1.81% 1-year volatility. There are 10 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 | CPSR vs PMAP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 1.25% | — | Apr 2025 | CPSR vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.31% | — | Apr 2025 | CPSR vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.36% | 19.60M | Apr 2025 | CPSR vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 1.42% | — | Mar 2025 | CPSR vs MMAX |
Lowest Drawdown Alternatives to CPSR
CPSR has a 1-year max drawdown of -1.12%. There are 18 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 | CPSR vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 19.60M | Apr 2025 | CPSR vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | -0.40% | — | Apr 2025 | CPSR vs ZAPR | |
| iShares Large Cap Max Buffer Mar ETF | -0.46% | — | Mar 2025 | CPSR vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.60M | May 2024 | CPSR 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 CPSR
Investors most often compare CPSR with PMFB, PQAP, USO. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare CPSR with Any Fund or Stock
Compare CPSR with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CPSR with funds that move differently
Calamos S&P 500 Structured Alt Protection ETF - March alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CPSR.
Explore CPSR Diversifiers