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CPSJ ETF — Calamos S&P 500 Structured Alt Protection ETF - July
Calamos S&P 500 Structured Alt Protection ETF - July (CPSJ)
Updated October 16, 2026.
CPSJ is an ETF. its expense ratio is 0.69%. Total return is 16.6% over the past 2.3 years, 27.0 points behind SPY at 43.6%.
Calamos S&P 500 Structured Alt Protection ETF - July is an ETF that uses FLEX Options referencing the SPDR S&P 500 ETF Trust to provide structured exposure to the S&P 500 with defined protection mechanics. The fund does not currently distribute income, carries an expense ratio of 0.69%, and operates as a non-diversified portfolio. It is designed for investors seeking equity market participation combined with built-in downside protection features rather than current income generation.
CPSJ holdings and sector exposure
Holdings are not available for this snapshot.
CPSJ performance versus SPY
Price and return data through 2026-10-16.
Total return is 16.6% over the past 2.3 years, 27.0 points behind SPY at 43.6%. Over the past year its total return — price change plus distributions reinvested — is 5.2%. Its deepest 1-year drawdown was 1.4%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 0.6% | — |
| 3M | 0.9% | — |
| 6M | 2.6% | — |
| YTD | 4.2% | — |
| 1Y | 5.2% | — |
| 2Y CAGR | — | 6.30% |
| Since inception (2.3 years) | 16.6% | 6.90% |
CPSJ key facts
- Issuer
- Calamos Investments
- Asset type
- ETF
- Asset class
- Fixed Income
- Inception date
- 07/01/2024
- Expense ratio
- 0.69%
- Distribution frequency
- None
- Last close
- $28.02 (as of 2026-10-16)
- AUM
- $50,040,386
- Average volume
- 4052.0
- Beta
- 0.1259
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.
CPSJ 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 CPSJ — and who may not
It is a weaker fit for investors who need monthly cash flow (CPSJ 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 CPSJ
Frequently asked questions
Does CPSJ pay monthly?
No. CPSJ does not currently distribute.
What is CPSJ's expense ratio?
CPSJ's expense ratio is 0.69%.
When does CPSJ pay a dividend?
CPSJ does not currently distribute.
How has CPSJ performed?
Total return is 16.6% over the past 2.3 years, 27.0 points behind SPY at 43.6%. Over the past year its total return — price change plus distributions reinvested — is 5.2%. Its deepest 1-year drawdown was 1.4%.
More securities from Calamos Investments.
Tickers
Holdings as-of date unavailable.
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