SPUS vs. CPSM
Compare and contrast key facts about SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) and Calamos S&P 500 Structured Alt Protection ETF - May (CPSM).
SPUS and CPSM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPUS is a passively managed fund by Toroso Investments that tracks the performance of the S&P 500 Shariah Industry Exclusions Index. It was launched on Dec 18, 2019. CPSM is an actively managed fund by Calamos. It was launched on May 1, 2024.
Performance
SPUS vs. CPSM - Performance Comparison
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SPUS vs. CPSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF | -5.55% | 19.77% | 19.31% |
CPSM Calamos S&P 500 Structured Alt Protection ETF - May | 0.81% | 7.21% | 6.67% |
Returns By Period
In the year-to-date period, SPUS achieves a -5.55% return, which is significantly lower than CPSM's 0.81% return.
SPUS
- 1D
- 3.24%
- 1M
- -5.39%
- YTD
- -5.55%
- 6M
- -2.24%
- 1Y
- 24.49%
- 3Y*
- 19.34%
- 5Y*
- 13.72%
- 10Y*
- —
CPSM
- 1D
- 0.28%
- 1M
- 0.09%
- YTD
- 0.81%
- 6M
- 2.00%
- 1Y
- 7.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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SPUS vs. CPSM - Expense Ratio Comparison
SPUS has a 0.49% expense ratio, which is lower than CPSM's 0.69% expense ratio.
Return for Risk
SPUS vs. CPSM — Risk / Return Rank
SPUS
CPSM
SPUS vs. CPSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) and Calamos S&P 500 Structured Alt Protection ETF - May (CPSM). 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.
| SPUS | CPSM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.18 | 1.10 | +0.08 |
Sortino ratioReturn per unit of downside risk | 1.80 | 1.70 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.45 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.96 | 1.51 | +0.45 |
Martin ratioReturn relative to average drawdown | 8.40 | 9.75 | -1.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPUS | CPSM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 1.10 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 1.47 | -0.71 |
Correlation
The correlation between SPUS and CPSM is 0.68, 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.
Dividends
SPUS vs. CPSM - Dividend Comparison
SPUS's dividend yield for the trailing twelve months is around 0.63%, while CPSM has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF | 0.63% | 0.60% | 0.70% | 0.87% | 1.21% | 1.15% | 1.04% |
CPSM Calamos S&P 500 Structured Alt Protection ETF - May | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPUS vs. CPSM - Drawdown Comparison
The maximum SPUS drawdown since its inception was -30.80%, which is greater than CPSM's maximum drawdown of -5.19%. Use the drawdown chart below to compare losses from any high point for SPUS and CPSM.
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Drawdown Indicators
| SPUS | CPSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.80% | -5.19% | -25.61% |
Max Drawdown (1Y)Largest decline over 1 year | -12.76% | -4.99% | -7.77% |
Max Drawdown (5Y)Largest decline over 5 years | -28.06% | — | — |
Current DrawdownCurrent decline from peak | -7.77% | -0.08% | -7.69% |
Average DrawdownAverage peak-to-trough decline | -6.35% | -0.22% | -6.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 0.77% | +2.21% |
Volatility
SPUS vs. CPSM - Volatility Comparison
SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) has a higher volatility of 6.04% compared to Calamos S&P 500 Structured Alt Protection ETF - May (CPSM) at 0.68%. This indicates that SPUS's price experiences larger fluctuations and is considered to be riskier than CPSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPUS | CPSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.04% | 0.68% | +5.36% |
Volatility (6M)Calculated over the trailing 6-month period | 11.25% | 1.18% | +10.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.90% | 6.69% | +14.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.20% | 5.31% | +13.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.43% | 5.31% | +16.12% |