IQQ vs. CPNJ
IQQ (iShares Nasdaq 100 ETF) and CPNJ (Calamos Nasdaq-100 Structured Alt Protection ETF - June) are both Nasdaq-100 funds. IQQ is passively managed, while CPNJ is actively managed. Their 0.95 correlation means they have historically moved very closely together. IQQ charges 0.10%/yr vs 0.69%/yr for CPNJ.
Performance
IQQ vs. CPNJ - Performance Comparison
Loading charts...
Returns By Period
IQQ
- 1D
- -0.90%
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
CPNJ
- 1D
- -0.11%
- 1M
- 0.09%
- 6M
- 2.09%
- YTD
- 2.28%
- 1Y
- 4.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.18%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $222.92K | $239.64K | $419.20K | |
| $30.00M | $35.28M | $35.28M |
IQQ vs. CPNJ - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IQQ iShares Nasdaq 100 ETF | -0.53% |
CPNJ Calamos Nasdaq-100 Structured Alt Protection ETF - June | 0.32% |
Correlation
The correlation between IQQ and CPNJ is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 9, 2026 | 0.95 |
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
IQQ vs. CPNJ — Risk / Return Rank
IQQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CPNJ
IQQ vs. CPNJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq 100 ETF (IQQ) and Calamos Nasdaq-100 Structured Alt Protection ETF - June (CPNJ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IQQ | CPNJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.40 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.50 | — |
| Martin ratioReturn relative to average drawdown | — | 15.83 | — |
Loading charts...
Drawdowns
IQQ vs. CPNJ - Drawdown Comparison
The maximum IQQ drawdown since its inception was -8.80%, which is greater than CPNJ's maximum drawdown of -5.99%. Use the drawdown chart below to compare losses from any high point for IQQ and CPNJ.
Loading charts...
Drawdown Indicators
| IQQ | CPNJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.80% | -5.99% | -2.81% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.42% | — |
Current DrawdownCurrent decline from peak | -1.14% | -0.25% | -0.89% |
Average DrawdownAverage peak-to-trough decline | -3.39% | -0.43% | -2.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.31% | — |
Volatility
IQQ vs. CPNJ - Volatility Comparison
Loading charts...
Volatility by Period
| IQQ | CPNJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.08% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.15% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 25.88% | 2.52% | +23.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.88% | 5.02% | +20.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.88% | 5.02% | +20.86% |
IQQ vs. CPNJ - Expense Ratio Comparison
IQQ has a 0.10% expense ratio, which is lower than CPNJ's 0.69% expense ratio.
Dividends
IQQ vs. CPNJ - Dividend Comparison
Neither IQQ nor CPNJ has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, IQQ and CPNJ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, IQQ is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQQ is cheaper with a 0.10% expense ratio, compared with 0.69% for CPNJ.
IQQ and CPNJ have nearly identical dividend yields, around 0.00%.
They also come from different issuers: iShares and Calamos. Their fees differ too: 0.10% for IQQ and 0.69% for CPNJ.
Find the right allocation for IQQ and CPNJ
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