CPNJ vs QDTY
Calamos Nasdaq-100 Structured Alt Protection ETF - June vs YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF
Which is better, CPNJ or QDTY?
QDTY has been ahead.
CPNJ has a lower expense ratio. QDTY led over 1Y and the full window.
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 | CPNJ | QDTY |
|---|---|---|
| Expense Ratio | 0.69%Best | 1.17% |
| AUM | $45M | $28M |
| Dividend Yield | 0.00% | 36.64% |
| Holdings | 5 | 10 |
| YTD Return | +3.34% | +16.15%Best |
| 1Y Return | +4.52% | +21.59%Best |
| Volatility (annualized) | 3.9%Best | 19.0% |
| Max Drawdown | -6.0%Best | -20.2% |
| $10,000 over 1.7 years | $11,068 | $14,465Best |
| Fund Family | Calamos Investments | YieldMax ETF |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jun 3, 2024 | Feb 12, 2025 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: Feb 13, 2025 to Oct 12, 2026 (1.7 years).
CPNJ vs QDTY 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 1.7 years both funds cover.
CPNJ vs QDTY Performance
Calamos Nasdaq-100 Structured Alt Protection ETF - June (CPNJ) is an ETF from Calamos Investments and YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY) is an ETF from YieldMax ETF. Over the past year CPNJ returned +4.52% while QDTY returned +21.59%. Year to date, CPNJ is up 3.34% versus a gain of 16.15% for QDTY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QDTY has been the more volatile fund, with annualized monthly volatility of 19.0% compared with 3.9% for CPNJ. 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 -6.0% for CPNJ and -20.2% for QDTY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CPNJ charges 0.69% per year while QDTY charges 1.17%. On a $10,000 position that is $69 vs $117 annually, a gap of $48 per year that compounds over a long holding period. On income, CPNJ currently yields 0.00% against 36.64% for QDTY.
You are not choosing between two funds in isolation.
Whichever of CPNJ and QDTY 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, CPNJ or QDTY?
CPNJ has an expense ratio of 0.69% while QDTY charges 1.17%. CPNJ is the cheaper option, by $48 a year on a $10,000 investment.
Which performed better, CPNJ or QDTY?
Over the past year CPNJ returned +4.52% vs +21.59% for QDTY, so QDTY leads on 1-year performance. Over the longest common window we track (2 years), CPNJ annualized +6.15% vs +24.25% for QDTY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CPNJ or QDTY?
QDTY has been the more volatile fund at 19.0% annualized versus 3.9% for CPNJ. Worst drawdown: CPNJ -6.0% vs QDTY -20.2%.
Should I hold both CPNJ and QDTY?
CPNJ and QDTY have a monthly-return correlation of 0.78, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CPNJ or QDTY?
CPNJ yields 0.00% while QDTY yields 36.64%, so QDTY currently pays the higher dividend yield.
Is QDTY better than CPNJ?
CPNJ has a lower expense ratio. QDTY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.