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CPRO ETF — Calamos Russell 2000 Structured Alt Protection ETF - October
Calamos Russell 2000 Structured Alt Protection ETF - October (CPRO)
Updated October 16, 2026.
CPRO is an ETF. its expense ratio is 0.69%. Total return is 15.2% over the past 2 years, 22.1 points behind SPY at 37.3%.
This ETF invests substantially all of its assets in FLEX Options tied to the Russell 2000 Index to provide downside protection for small-cap equity exposure. The fund does not currently distribute income and carries an expense ratio of 0.69%. It appeals to investors seeking structured protection strategies for small-cap equity positions.
CPRO holdings and sector exposure
Holdings are not available for this snapshot.
CPRO performance versus SPY
Price and return data through 2026-10-16.
Total return is 15.2% over the past 2 years, 22.1 points behind SPY at 37.3%. Over the past year its total return — price change plus distributions reinvested — is 6.3%. Its deepest 1-year drawdown was 1.4%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 0.1% | — |
| 3M | 0.8% | — |
| 6M | 3.3% | — |
| YTD | 5.7% | — |
| 1Y | 6.3% | — |
| 2Y CAGR | — | 7.10% |
| Since inception (2 years) | 15.2% | 7.20% |
CPRO key facts
- Issuer
- Calamos Investments
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 10/01/2024
- Expense ratio
- 0.69%
- Distribution frequency
- None
- Last close
- $28.51 (as of 2026-10-16)
- AUM
- $25,201,943
- Average volume
- 19787.0
- Beta
- 0.2169
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.
CPRO risks and drawbacks
Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 1.4%.
Who may consider CPRO — and who may not
It is a weaker fit for investors who need monthly cash flow (CPRO 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 CPRO
Frequently asked questions
Does CPRO pay monthly?
No. CPRO does not currently distribute.
What is CPRO's expense ratio?
CPRO's expense ratio is 0.69%.
When does CPRO pay a dividend?
CPRO does not currently distribute.
How has CPRO performed?
Total return is 15.2% over the past 2 years, 22.1 points behind SPY at 37.3%. Over the past year its total return — price change plus distributions reinvested — is 6.3%. Its deepest 1-year drawdown was 1.4%.
More securities from Calamos Investments.
Tickers
Holdings as-of date unavailable.
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