CPRO vs IVV
Calamos Russell 2000 Structured Alt Protection ETF - October 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 505 holdings.
Side-by-Side Comparison
| Metric | CPRO | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.03% | |
| AUM | $29M | $865.2B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 5 | 508 | |
| YTD Return | +5.19% | +13.72% | |
| 1Y Return | +11.81% | +21.64% | |
| 3Y Return (annualized) | - | +21.55% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | 3.9% | 15.1% | |
| Max Drawdown | -3.4% | -56.5% | |
| Fund Family | Calamos Investments | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 1, 2024 | May 15, 2000 |
CPRO vs IVV Performance
Calamos Russell 2000 Structured Alt Protection ETF - October (CPRO) 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 CPRO returned +11.81% while IVV returned +21.64%. Year to date, CPRO is up 5.19% versus a gain of 13.72% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 3.9% for CPRO. 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 -3.4% for CPRO 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CPRO 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, CPRO currently yields 0.00% against 1.09% for IVV.
Frequently Asked Questions
Which is cheaper, CPRO or IVV?
CPRO 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, CPRO or IVV?
Over the past year CPRO returned +11.81% vs +21.64% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), CPRO annualized +7.75% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, CPRO or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 3.9% for CPRO. Worst drawdown: CPRO -3.4% vs IVV -56.5%.
Should I hold both CPRO and IVV?
CPRO and IVV have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, CPRO or IVV?
CPRO yields 0.00% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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