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CPNQ ETF — Calamos Nasdaq-100 Structured Alt Protection ETF - December
Calamos Nasdaq-100 Structured Alt Protection ETF - December (CPNQ)
Updated October 16, 2026.
CPNQ is an ETF. its expense ratio is 0.69%. Total return is 13.4% over the past 1.9 years, 16.0 points behind SPY at 29.4%.
Calamos Nasdaq-100 Structured Alt Protection ETF - December is an ETF that invests substantially all of its assets in FLEX Options referencing the Invesco QQQ Trust to provide structured exposure to the Nasdaq-100 index with downside protection characteristics. The fund does not currently distribute income, and carries an expense ratio of 0.69%. It appeals to equity investors seeking alternative strategies that combine Nasdaq-100 exposure with built-in downside protection mechanisms.
CPNQ holdings and sector exposure
Holdings are not available for this snapshot.
CPNQ performance versus SPY
Price and return data through 2026-10-16.
Total return is 13.4% over the past 1.9 years, 16.0 points behind SPY at 29.4%. Over the past year its total return — price change plus distributions reinvested — is 6.6%. Its deepest 1-year drawdown was 1.5%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 0.7% | — |
| 3M | 1.8% | — |
| 6M | 3.7% | — |
| YTD | 5.0% | — |
| 1Y | 6.6% | — |
| Since inception (1.9 years) | 13.4% | 7.00% |
CPNQ key facts
- Issuer
- Calamos Investments
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 12/02/2024
- Expense ratio
- 0.69%
- Distribution frequency
- None
- Last close
- $27.86 (as of 2026-10-16)
- AUM
- $20,271,383
- Average volume
- 213.0
- Beta
- 0.1774
How Dividend Vision calculates yield and returns
Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Calamos Investments; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
CPNQ risks and drawbacks
Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 1.5%.
Who may consider CPNQ — and who may not
It is a weaker fit for investors who need monthly cash flow (CPNQ does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on CPNQ
Frequently asked questions
Does CPNQ pay monthly?
No. CPNQ does not currently distribute.
What is CPNQ's expense ratio?
CPNQ's expense ratio is 0.69%.
When does CPNQ pay a dividend?
CPNQ does not currently distribute.
How has CPNQ performed?
Total return is 13.4% over the past 1.9 years, 16.0 points behind SPY at 29.4%. Over the past year its total return — price change plus distributions reinvested — is 6.6%. Its deepest 1-year drawdown was 1.5%.
More securities from Calamos Investments.
Tickers
Holdings as-of date unavailable.
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