CATH vs. CPSL
CATH (Global X S&P 500 Catholic Values ETF) and CPSL (Calamos Laddered S&P 500 Structured Alt Protection ETF) are both exchange-traded funds - CATH is a S&P 500 fund tracking the S&P 500 Catholic Values Index, while CPSL is a Defined Outcome fund actively managed by Calamos. CATH is passively managed, while CPSL is actively managed. Over the past year, CATH returned 20.87% vs 7.22% for CPSL. Their 0.77 correlation means they have sometimes moved together and sometimes differently. CATH charges 0.29%/yr vs 0.79%/yr for CPSL.
Performance
CATH vs. CPSL - Performance Comparison
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Returns By Period
In the year-to-date period, CATH achieves a 11.93% return, which is significantly higher than CPSL's 4.29% return.
CATH
- 1D
- -0.21%
- 1M
- 2.84%
- 6M
- 11.68%
- YTD
- 11.93%
- 1Y
- 20.87%
- 3Y*
- 19.93%
- 5Y*
- 11.95%
- 10Y*
- 14.75%
- ALL TIME*
- 14.64%
CPSL
- 1D
- 0.57%
- 1M
- 1.30%
- 6M
- 3.69%
- YTD
- 4.29%
- 1Y
- 7.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.40M | $3.99M | $4.26M | |
| $1.65M | $1.43M | $948.66K |
CATH vs. CPSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CATH Global X S&P 500 Catholic Values ETF | 11.93% | 17.08% | 9.68% |
CPSL Calamos Laddered S&P 500 Structured Alt Protection ETF | 4.29% | 6.43% | 2.24% |
Correlation
The correlation between CATH and CPSL is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2024 | 0.77 |
The correlation between CATH and CPSL shifts across timeframes, from 0.67 (1 year) to 0.77 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CATH vs. CPSL — Risk / Return Rank
CATH
CPSL
CATH vs. CPSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Catholic Values ETF (CATH) and Calamos Laddered S&P 500 Structured Alt Protection ETF (CPSL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CATH | CPSL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -2.98 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.64 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 6.15 | -3.93 |
| Martin ratioReturn relative to average drawdown | 9.18 | 30.62 | -21.44 |
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Drawdowns
CATH vs. CPSL - Drawdown Comparison
The maximum CATH drawdown since its inception was -33.95%, which is greater than CPSL's maximum drawdown of -3.72%. Use the drawdown chart below to compare losses from any high point for CATH and CPSL.
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Drawdown Indicators
| CATH | CPSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.95% | -3.72% | -30.23% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -1.18% | -8.24% |
Max Drawdown (3Y)Largest decline over 3 years | -19.34% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.14% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.95% | — | — |
Current DrawdownCurrent decline from peak | -0.21% | 0.00% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -5.14% | -0.31% | -4.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 0.24% | +2.04% |
Volatility
CATH vs. CPSL - Volatility Comparison
Global X S&P 500 Catholic Values ETF (CATH) has a higher volatility of 4.18% compared to Calamos Laddered S&P 500 Structured Alt Protection ETF (CPSL) at 0.75%. This indicates that CATH's price experiences larger fluctuations and is considered to be riskier than CPSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CATH | CPSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 0.75% | +3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 10.30% | 1.68% | +8.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.03% | 2.29% | +10.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.02% | 3.26% | +14.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.63% | 3.26% | +15.37% |
CATH vs. CPSL - Expense Ratio Comparison
CATH has a 0.29% expense ratio, which is lower than CPSL's 0.79% expense ratio.
Dividends
CATH vs. CPSL - Dividend Comparison
CATH's dividend yield for the trailing twelve months is around 0.75%, while CPSL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CATH Global X S&P 500 Catholic Values ETF | 0.75% | 0.84% | 0.95% | 1.16% | 1.34% | 1.03% | 1.23% | 0.68% | 2.01% | 1.27% | 0.50% |
CPSL Calamos Laddered S&P 500 Structured Alt Protection ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CATH and CPSL have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CATH has higher volatility (4.18%) compared to CPSL (0.75%). In terms of maximum drawdown, CATH dropped -33.95% vs CPSL's -3.72%.
On 1-year performance, CATH leads with 20.87% vs 7.22% for CPSL. On fees, CATH is cheaper at 0.29% per year. On volatility, CPSL has been the lower-risk option at 0.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CATH has performed better with a 20.87% return vs 7.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CATH is cheaper with a 0.29% expense ratio, compared with 0.79% for CPSL.
CATH has the higher dividend yield at 0.75%, compared with 0.00% for CPSL.
CATH is categorized as S&P 500, while CPSL is Defined Outcome. They also come from different issuers: Global X and Calamos. Their fees differ too: 0.29% for CATH and 0.79% for CPSL.
CPSL currently has the higher Sharpe Ratio (3.18 vs 1.61), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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