CPSM vs. FNILX
Compare and contrast key facts about Calamos S&P 500 Structured Alt Protection ETF - May (CPSM) and Fidelity ZERO Large Cap Index Fund (FNILX).
CPSM is an actively managed fund by Calamos. It was launched on Apr 30, 2024. FNILX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CPSM or FNILX.
Key characteristics
| CPSM | FNILX | |
|---|---|---|
| Daily Std Dev | 3.04% | 12.86% |
| Max Drawdown | -1.16% | -33.75% |
| Current Drawdown | -0.06% | -0.69% |
Correlation
The correlation between CPSM and FNILX is 0.81, 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.
Performance
CPSM vs. FNILX - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CPSM vs. FNILX - Expense Ratio Comparison
CPSM has a 0.69% expense ratio, which is higher than FNILX's 0.00% expense ratio.
Risk-Adjusted Performance
CPSM vs. FNILX - 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 Fidelity ZERO Large Cap Index Fund (FNILX). 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.
Not enough dataDividends
CPSM vs. FNILX - Dividend Comparison
CPSM has not paid dividends to shareholders, while FNILX's dividend yield for the trailing twelve months is around 1.13%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
CPSM Calamos S&P 500 Structured Alt Protection ETF - May | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FNILX Fidelity ZERO Large Cap Index Fund | 1.13% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% |
Drawdowns
CPSM vs. FNILX - Drawdown Comparison
The maximum CPSM drawdown since its inception was -1.16%, smaller than the maximum FNILX drawdown of -33.75%. Use the drawdown chart below to compare losses from any high point for CPSM and FNILX. For additional features, visit the drawdowns tool.
Volatility
CPSM vs. FNILX - Volatility Comparison
The current volatility for Calamos S&P 500 Structured Alt Protection ETF - May (CPSM) is 0.83%, while Fidelity ZERO Large Cap Index Fund (FNILX) has a volatility of 4.04%. This indicates that CPSM experiences smaller price fluctuations and is considered to be less risky than FNILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.