Correlation
The correlation between CPSM and AOA is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
CPSM vs. AOA
Compare and contrast key facts about Calamos S&P 500 Structured Alt Protection ETF - May (CPSM) and iShares Core Aggressive Allocation ETF (AOA).
CPSM and AOA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CPSM is an actively managed fund by Calamos. It was launched on Apr 30, 2024. AOA is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Aggressive Index. It was launched on Nov 4, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CPSM or AOA.
Performance
CPSM vs. AOA - Performance Comparison
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Key characteristics
CPSM:
1.22
AOA:
0.86
CPSM:
1.78
AOA:
1.19
CPSM:
1.35
AOA:
1.17
CPSM:
1.60
AOA:
0.86
CPSM:
9.49
AOA:
3.85
CPSM:
0.87%
AOA:
2.89%
CPSM:
7.15%
AOA:
14.09%
CPSM:
-5.19%
AOA:
-28.38%
CPSM:
-0.07%
AOA:
-0.35%
Returns By Period
In the year-to-date period, CPSM achieves a 3.37% return, which is significantly lower than AOA's 4.95% return.
CPSM
3.37%
0.84%
3.36%
8.66%
N/A
N/A
N/A
AOA
4.95%
4.58%
2.30%
12.07%
10.05%
10.68%
7.78%
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CPSM vs. AOA - Expense Ratio Comparison
CPSM has a 0.69% expense ratio, which is higher than AOA's 0.25% expense ratio.
Risk-Adjusted Performance
CPSM vs. AOA — Risk-Adjusted Performance Rank
CPSM
AOA
CPSM vs. AOA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos S&P 500 Structured Alt Protection ETF - May (CPSM) and iShares Core Aggressive Allocation ETF (AOA). 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.
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Dividends
CPSM vs. AOA - Dividend Comparison
CPSM has not paid dividends to shareholders, while AOA's dividend yield for the trailing twelve months is around 2.21%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPSM Calamos S&P 500 Structured Alt Protection ETF - May | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AOA iShares Core Aggressive Allocation ETF | 2.21% | 2.30% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.02% | 2.15% | 2.18% |
Drawdowns
CPSM vs. AOA - Drawdown Comparison
The maximum CPSM drawdown since its inception was -5.19%, smaller than the maximum AOA drawdown of -28.38%. Use the drawdown chart below to compare losses from any high point for CPSM and AOA.
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Volatility
CPSM vs. AOA - Volatility Comparison
The current volatility for Calamos S&P 500 Structured Alt Protection ETF - May (CPSM) is 0.56%, while iShares Core Aggressive Allocation ETF (AOA) has a volatility of 3.15%. This indicates that CPSM experiences smaller price fluctuations and is considered to be less risky than AOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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