ACIO vs CPSL
Aptus Collared Investment Opportunity ETF vs Calamos Laddered S&P 500 Structured Alt Protection ETF
Which is better, ACIO or CPSL?
ACIO has been ahead.
ACIO led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. ACIO is less concentrated, with 40.8% of the fund in its ten largest positions against 83.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ACIO | CPSL |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $2.4B | $158M |
| Dividend Yield | 0.39% | 0.00% |
| Holdings | 524 | 14 |
| YTD Return | +8.29%Best | +4.38% |
| 1Y Return | +8.92%Best | +5.88% |
| 3Y Return (annualized) | +15.71% | - |
| 5Y Return (annualized) | +9.63% | - |
| Volatility (annualized) | 9.2% | 2.3%Best |
| Max Drawdown | -12.1% | -3.7%Best |
| $10,000 over 2.1 years | $12,389Best | $11,391 |
| Top 10 Weight | 40.8%Best | 83.3% |
| Fund Family | Aptus ETFs | Calamos Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jul 9, 2019 | Sep 9, 2024 |
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Sep 9, 2024 to Oct 15, 2026 (2.1 years).
ACIO vs CPSL growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.1 years both funds cover.
ACIO vs CPSL Performance
Aptus Collared Investment Opportunity ETF (ACIO) is an ETF from Aptus ETFs and Calamos Laddered S&P 500 Structured Alt Protection ETF (CPSL) is an ETF from Calamos Investments. Over the past year ACIO returned +8.92% while CPSL returned +5.88%. Year to date, ACIO is up 8.29% versus a gain of 4.38% for CPSL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ACIO has been the more volatile fund, with annualized monthly volatility of 9.2% compared with 2.3% for CPSL. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -12.1% for ACIO and -3.7% for CPSL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ACIO charges 0.79% per year while CPSL charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, ACIO currently yields 0.39% against 0.00% for CPSL.
Holdings Overlap
We hold position weights for 167 holdings in ACIO and 12 in CPSL, totalling 99.7% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 167 positions we hold weights for in ACIO and 12 in CPSL, against full books of 524 and 14.
What only one of them owns
Our book lists 12 positions for CPSL that do not appear in our book for ACIO (99.9% of the fund), and 166 for ACIO that do not appear in CPSL (99.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of ACIO and CPSL you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ACIO or CPSL?
ACIO has an expense ratio of 0.79% while CPSL charges 0.79%. At the precision these are quoted to, they cost the same.
Which performed better, ACIO or CPSL?
Over the past year ACIO returned +8.92% vs +5.88% for CPSL, so ACIO leads on 1-year performance. Over the longest common window we track (2 years), ACIO annualized +10.74% vs +6.40% for CPSL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ACIO or CPSL?
ACIO has been the more volatile fund at 9.2% annualized versus 2.3% for CPSL. Worst drawdown: ACIO -12.1% vs CPSL -3.7%.
Should I hold both ACIO and CPSL?
ACIO and CPSL have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, ACIO or CPSL?
ACIO yields 0.39% while CPSL yields 0.00%, so ACIO currently pays the higher dividend yield.
Is CPSL better than ACIO?
ACIO led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. ACIO is less concentrated, with 40.8% of the fund in its ten largest positions against 83.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.