CPSM vs. SPYI
Compare and contrast key facts about Calamos S&P 500 Structured Alt Protection ETF - May (CPSM) and NEOS S&P 500 High Income ETF (SPYI).
CPSM and SPYI 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. SPYI is an actively managed fund by Neos Investments. It was launched on Aug 29, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CPSM or SPYI.
Key characteristics
| CPSM | SPYI | |
|---|---|---|
| Daily Std Dev | 3.04% | 9.66% |
| Max Drawdown | -1.16% | -10.19% |
| Current Drawdown | -0.06% | -0.18% |
Correlation
The correlation between CPSM and SPYI 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.
Performance
CPSM vs. SPYI - 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. SPYI - Expense Ratio Comparison
CPSM has a 0.69% expense ratio, which is higher than SPYI's 0.68% expense ratio.
Risk-Adjusted Performance
CPSM vs. SPYI - 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 NEOS S&P 500 High Income ETF (SPYI). 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. SPYI - Dividend Comparison
CPSM has not paid dividends to shareholders, while SPYI's dividend yield for the trailing twelve months is around 11.74%.
| TTM | 2023 | 2022 | |
|---|---|---|---|
CPSM Calamos S&P 500 Structured Alt Protection ETF - May | 0.00% | 0.00% | 0.00% |
SPYI NEOS S&P 500 High Income ETF | 10.78% | 12.01% | 4.10% |
Drawdowns
CPSM vs. SPYI - Drawdown Comparison
The maximum CPSM drawdown since its inception was -1.16%, smaller than the maximum SPYI drawdown of -10.19%. Use the drawdown chart below to compare losses from any high point for CPSM and SPYI. For additional features, visit the drawdowns tool.
Volatility
CPSM vs. SPYI - Volatility Comparison
The current volatility for Calamos S&P 500 Structured Alt Protection ETF - May (CPSM) is 0.83%, while NEOS S&P 500 High Income ETF (SPYI) has a volatility of 3.32%. This indicates that CPSM experiences smaller price fluctuations and is considered to be less risky than SPYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.