CHRI vs. CPSM

Last updated Jun 4, 2026

CHRI (Global X S&P 500 Christian Values ETF) and CPSM (Calamos S&P 500 Structured Alt Protection ETF - May) are both exchange-traded funds - CHRI is a S&P 500 fund tracking the S&P 500 Christian Values Screened Index, while CPSM is a Defined Outcome fund actively managed by Calamos. CHRI is passively managed, while CPSM is actively managed. A 0.62 correlation means they provide meaningful diversification when combined. CHRI charges 0.29%/yr vs 0.69%/yr for CPSM.

Performance

CHRI vs. CPSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X S&P 500 Christian Values ETF (CHRI) and Calamos S&P 500 Structured Alt Protection ETF - May (CPSM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHRI achieves a 10.12% return, which is significantly higher than CPSM's 2.27% return.

CHRI

• 1D: -0.67%
• 1M: 5.01%
• YTD: 10.12%
• 6M: 9.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CPSM

• 1D: -0.06%
• 1M: 0.71%
• YTD: 2.27%
• 6M: 2.72%
• 1Y: 5.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CHRI vs. CPSM - Yearly Performance Comparison

	2026 (YTD)	2025
CHRI Global X S&P 500 Christian Values ETF	10.12%	2.78%
CPSM Calamos S&P 500 Structured Alt Protection ETF - May	2.27%	1.38%

Correlation

The correlation between CHRI and CPSM is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 25, 2025	0.62

Return for Risk

CHRI vs. CPSM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CPSM

CPSM Risk / Return Rank: 97
CPSM Sharpe Ratio Rank: 94
CPSM Sortino Ratio Rank: 97
CPSM Omega Ratio Rank: 96
CPSM Calmar Ratio Rank: 98
CPSM Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CHRI vs. CPSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Christian Values ETF (CHRI) and Calamos S&P 500 Structured Alt Protection ETF - May (CPSM). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CHRI	CPSM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.49	1.54	-0.05

Drawdowns

CHRI vs. CPSM - Drawdown Comparison

The maximum CHRI drawdown since its inception was -9.36%, which is greater than CPSM's maximum drawdown of -5.19%. Use the drawdown chart below to compare losses from any high point for CHRI and CPSM.

Drawdown Indicators

	CHRI	CPSM	Difference
Max Drawdown Largest peak-to-trough decline	-9.36%	-5.19%	-4.17%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.45%	—
Current Drawdown Current decline from peak	-0.67%	-0.06%	-0.61%
Average Drawdown Average peak-to-trough decline	-1.57%	-0.20%	-1.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.10%	—

Volatility

Volatility by Period

	CHRI	CPSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.35%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.26%	1.57%	+11.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.26%	5.10%	+8.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.26%	5.10%	+8.16%

CHRI vs. CPSM - Expense Ratio Comparison

CHRI has a 0.29% expense ratio, which is lower than CPSM's 0.69% expense ratio.

Dividends

CHRI vs. CPSM - Dividend Comparison

CHRI's dividend yield for the trailing twelve months is around 0.16%, while CPSM has not paid dividends to shareholders.

Position	TTM	2025
CHRI Global X S&P 500 Christian Values ETF	0.16%	0.17%
CPSM Calamos S&P 500 Structured Alt Protection ETF - May	0.00%	0.00%

Frequently Asked Questions

Can I hold both CHRI and CPSM in my portfolio?

CHRI and CPSM have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CHRI or CPSM?

On fees, CHRI is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CHRI or CPSM?

CHRI is cheaper with a 0.29% expense ratio, compared with 0.69% for CPSM.

Which ETF pays a higher dividend yield, CHRI or CPSM?

CHRI has the higher dividend yield at 0.16%, compared with 0.00% for CPSM.

What is the main difference between CHRI and CPSM?

CHRI is categorized as S&P 500, while CPSM is Defined Outcome. They also come from different issuers: Global X and Calamos. Their fees differ too: 0.29% for CHRI and 0.69% for CPSM.