CPSM vs. QQQ
Compare and contrast key facts about Calamos S&P 500 Structured Alt Protection ETF - May (CPSM) and Invesco QQQ (QQQ).
CPSM and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CPSM or QQQ.
Correlation
The correlation between CPSM and QQQ is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CPSM vs. QQQ - Performance Comparison
Key characteristics
CPSM:
2.64%
QQQ:
18.27%
CPSM:
-1.16%
QQQ:
-82.98%
CPSM:
0.00%
QQQ:
0.00%
Returns By Period
In the year-to-date period, CPSM achieves a 1.27% return, which is significantly lower than QQQ's 5.27% return.
CPSM
1.27%
0.56%
3.84%
N/A
N/A
N/A
QQQ
5.27%
3.15%
13.63%
25.73%
18.87%
18.44%
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CPSM vs. QQQ - Expense Ratio Comparison
CPSM has a 0.69% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
CPSM vs. QQQ — Risk-Adjusted Performance Rank
CPSM
QQQ
CPSM vs. QQQ - 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 Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
CPSM has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.53%.
| 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% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
CPSM vs. QQQ - Drawdown Comparison
The maximum CPSM drawdown since its inception was -1.16%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CPSM and QQQ. For additional features, visit the drawdowns tool.
Volatility
CPSM vs. QQQ - Volatility Comparison
The current volatility for Calamos S&P 500 Structured Alt Protection ETF - May (CPSM) is 0.53%, while Invesco QQQ (QQQ) has a volatility of 5.01%. This indicates that CPSM experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.