CATH vs. CPSP
CATH (Global X S&P 500 Catholic Values ETF) and CPSP (Calamos S&P 500 Structured Alt Protection ETF - April) are both S&P 500 funds. CATH is passively managed, while CPSP is actively managed. Over the past year, CATH returned 24.47% vs 7.13% for CPSP. A 0.75 correlation means they provide meaningful diversification when combined. CATH charges 0.29%/yr vs 0.69%/yr for CPSP.
Performance
CATH vs. CPSP - Performance Comparison
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Returns By Period
In the year-to-date period, CATH achieves a 9.37% return, which is significantly higher than CPSP's 3.18% return.
CATH
- 1D
- -0.70%
- 1M
- 4.21%
- YTD
- 9.37%
- 6M
- 9.22%
- 1Y
- 24.47%
- 3Y*
- 20.86%
- 5Y*
- 12.53%
- 10Y*
- 14.82%
CPSP
- 1D
- 0.00%
- 1M
- 0.60%
- YTD
- 3.18%
- 6M
- 3.74%
- 1Y
- 7.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CATH vs. CPSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CATH Global X S&P 500 Catholic Values ETF | 9.37% | 22.33% |
CPSP Calamos S&P 500 Structured Alt Protection ETF - April | 3.18% | 5.46% |
Correlation
The correlation between CATH and CPSP is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2025 | 0.75 |
The correlation between CATH and CPSP has been stable across timeframes, ranging from 0.74 to 0.75 - a consistent structural relationship.
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Return for Risk
CATH vs. CPSP — Risk / Return Rank
CATH
CPSP
CATH vs. CPSP - 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 S&P 500 Structured Alt Protection ETF - April (CPSP). 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.
| CATH | CPSP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.05 | ||
| Sortino ratioReturn per unit of downside risk | -6.37 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 2.31 | -0.94 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 19.11 | -16.50 |
| Martin ratioReturn relative to average drawdown | 11.67 | 96.35 | -84.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CATH | CPSP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | 5.08 | -3.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 3.17 | -2.38 |
Drawdowns
CATH vs. CPSP - Drawdown Comparison
The maximum CATH drawdown since its inception was -33.95%, which is greater than CPSP's maximum drawdown of -1.73%. Use the drawdown chart below to compare losses from any high point for CATH and CPSP.
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Drawdown Indicators
| CATH | CPSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.95% | -1.73% | -32.22% |
Max Drawdown (1Y)Largest decline over 1 year | -9.42% | -0.37% | -9.05% |
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 | -0.70% | 0.00% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -5.20% | -0.08% | -5.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 0.07% | +2.03% |
Volatility
CATH vs. CPSP - Volatility Comparison
Global X S&P 500 Catholic Values ETF (CATH) has a higher volatility of 2.69% compared to Calamos S&P 500 Structured Alt Protection ETF - April (CPSP) at 0.32%. This indicates that CATH's price experiences larger fluctuations and is considered to be riskier than CPSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CATH | CPSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.69% | 0.32% | +2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 9.11% | 0.84% | +8.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.14% | 1.42% | +10.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.89% | 2.37% | +15.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.61% | 2.37% | +16.24% |
CATH vs. CPSP - Expense Ratio Comparison
CATH has a 0.29% expense ratio, which is lower than CPSP's 0.69% expense ratio.
Dividends
CATH vs. CPSP - Dividend Comparison
CATH's dividend yield for the trailing twelve months is around 0.77%, while CPSP 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 | 0.77% | 0.84% | 0.95% | 1.16% | 1.34% | 1.03% | 1.23% | 0.68% | 2.01% | 1.27% | 0.50% |
CPSP Calamos S&P 500 Structured Alt Protection ETF - April | 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 CPSP have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CATH has higher volatility (2.69%) compared to CPSP (0.32%). In terms of maximum drawdown, CATH dropped -33.95% vs CPSP's -1.73%.
On 1-year performance, CATH leads with 24.47% vs 7.13% for CPSP. On fees, CATH is cheaper at 0.29% per year. On volatility, CPSP has been the lower-risk option at 0.32%. 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 24.47% return vs 7.13%. 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 0.69% for CPSP.
CATH has the higher dividend yield at 0.77%, compared with 0.00% for CPSP.
They also come from different issuers: Global X and Calamos. Their fees differ too: 0.29% for CATH and 0.69% for CPSP.
CPSP currently has the higher Sharpe Ratio (5.08 vs 2.03), 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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