CPNM vs IVV
Calamos Nasdaq-100 Structured Alt Protection ETF - March vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | CPNM | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.03% | |
| AUM | $15M | $907.0B | |
| Dividend Yield | 0.00% | 1.10% | |
| Holdings | 5 | 508 | |
| YTD Return | +3.60% | +12.71% | |
| 1Y Return | +6.57% | +21.89% | |
| 3Y Return (annualized) | - | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 2.0% | 15.1% | |
| Max Drawdown | -1.9% | -56.5% | |
| Fund Family | Calamos Investments | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Mar 3, 2025 | May 15, 2000 |
CPNM vs IVV Performance
Calamos Nasdaq-100 Structured Alt Protection ETF - March (CPNM) is a ETF from Calamos Investments and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CPNM returned +6.57% while IVV returned +21.89%. Year to date, CPNM is up 3.60% versus a gain of 12.71% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 2.0% for CPNM. 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 -1.9% for CPNM and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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
CPNM charges 0.69% per year while IVV charges 0.03%. On a $10,000 position that is $69 vs $3 annually, a gap of $66 per year that compounds over a long holding period. On income, CPNM currently yields 0.00% against 1.10% for IVV.
Frequently Asked Questions
Which is cheaper, CPNM or IVV?
CPNM has an expense ratio of 0.69% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
Which performed better, CPNM or IVV?
Over the past year CPNM returned +6.57% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), CPNM annualized +7.04% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, CPNM or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 2.0% for CPNM. Worst drawdown: CPNM -1.9% vs IVV -56.5%.
Should I hold both CPNM and IVV?
CPNM and IVV have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
Which pays a higher dividend, CPNM or IVV?
CPNM yields 0.00% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.