CPSR vs. IBIC
CPSR (Calamos S&P 500 Structured Alt Protection ETF - March) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - CPSR is a Defined Outcome fund tracking the S&P 500 Index Price Return, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, CPSR returned 7.24% vs 4.60% for IBIC. At a correlation of -0.23, they often move in opposite directions. CPSR charges 0.69%/yr vs 0.10%/yr for IBIC.
Performance
CPSR vs. IBIC - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with CPSR having a 2.30% return and IBIC slightly higher at 2.37%.
CPSR
- 1D
- -0.16%
- 1M
- 0.10%
- YTD
- 2.30%
- 6M
- 2.77%
- 1Y
- 7.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIC
- 1D
- 0.03%
- 1M
- 0.38%
- YTD
- 2.37%
- 6M
- 2.47%
- 1Y
- 4.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CPSR vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CPSR Calamos S&P 500 Structured Alt Protection ETF - March | 2.30% | 6.17% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.37% | 3.34% |
Correlation
The correlation between CPSR and IBIC is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2025 | -0.23 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CPSR vs. IBIC — Risk / Return Rank
CPSR
IBIC
CPSR vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos S&P 500 Structured Alt Protection ETF - March (CPSR) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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.
| CPSR | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -2.68 | ||
| Omega ratioGain probability vs. loss probability | 1.92 | 2.28 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 6.50 | 17.50 | -11.00 |
| Martin ratioReturn relative to average drawdown | 31.57 | 67.61 | -36.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CPSR | IBIC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.99 | 5.14 | -1.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.73 | 3.48 | -1.75 |
Drawdowns
CPSR vs. IBIC - Drawdown Comparison
The maximum CPSR drawdown since its inception was -3.40%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for CPSR and IBIC.
Loading charts...
Drawdown Indicators
| CPSR | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.40% | -0.90% | -2.50% |
Max Drawdown (1Y)Largest decline over 1 year | -1.12% | -0.26% | -0.86% |
Current DrawdownCurrent decline from peak | -0.23% | -0.13% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -0.38% | -0.10% | -0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 0.07% | +0.16% |
Volatility
CPSR vs. IBIC - Volatility Comparison
Calamos S&P 500 Structured Alt Protection ETF - March (CPSR) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC) have volatilities of 0.31% and 0.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CPSR | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.31% | 0.31% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 1.30% | 0.67% | +0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.83% | 0.90% | +0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.93% | 1.57% | +2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.93% | 1.57% | +2.36% |
CPSR vs. IBIC - Expense Ratio Comparison
CPSR has a 0.69% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
CPSR vs. IBIC - Dividend Comparison
CPSR has not paid dividends to shareholders, while IBIC's dividend yield for the trailing twelve months is around 3.59%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CPSR Calamos S&P 500 Structured Alt Protection ETF - March | 0.00% | 0.00% | 0.00% | 0.00% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.59% | 4.43% | 4.65% | 0.83% |
Frequently Asked Questions
CPSR and IBIC have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIC has higher volatility (0.31%) compared to CPSR (0.31%). In terms of maximum drawdown, CPSR dropped -3.40% vs IBIC's -0.90%.
On 1-year performance, CPSR leads with 7.24% vs 4.60% for IBIC. On fees, IBIC is cheaper at 0.10% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CPSR has performed better with a 7.24% return vs 4.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 0.69% for CPSR.
IBIC has the higher dividend yield at 3.59%, compared with 0.00% for CPSR.
CPSR is categorized as Defined Outcome, while IBIC is Inflation-Protected Bonds. CPSR tracks S&P 500 Index Price Return, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Calamos and iShares. Their fees differ too: 0.69% for CPSR and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (5.14 vs 3.99), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for CPSR and IBIC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer