CPSA vs VTI
Calamos S&P 500 Structured Alt Protection ETF - August vs Vanguard Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 2783 holdings.
Side-by-Side Comparison
| Metric | CPSA | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.03% | |
| AUM | $43M | $663.5B | |
| Dividend Yield | 0.00% | 1.07% | |
| Holdings | 5 | 3,543 | |
| YTD Return | +4.25% | +14.22% | |
| 1Y Return | +6.50% | +22.19% | |
| 3Y Return (annualized) | - | +21.27% | |
| 5Y Return (annualized) | - | +12.23% | |
| Volatility (annualized) | 2.9% | 15.3% | |
| Max Drawdown | -4.7% | -56.6% | |
| Fund Family | Calamos Investments | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 1, 2024 | May 24, 2001 |
CPSA vs VTI Performance
Calamos S&P 500 Structured Alt Protection ETF - August (CPSA) is a ETF from Calamos Investments and Vanguard Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year CPSA returned +6.50% while VTI returned +22.19%. Year to date, CPSA is up 4.25% versus a gain of 14.22% for VTI.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 2.9% for CPSA. 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 -4.7% for CPSA and -56.6% for VTI. 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
CPSA charges 0.69% per year while VTI 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, CPSA currently yields 0.00% against 1.07% for VTI.
Frequently Asked Questions
Which is cheaper, CPSA or VTI?
CPSA has an expense ratio of 0.69% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
Which performed better, CPSA or VTI?
Over the past year CPSA returned +6.50% vs +22.19% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (2 years), CPSA annualized +7.56% vs +8.14% for VTI. Past performance does not guarantee future results.
Which is riskier, CPSA or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 2.9% for CPSA. Worst drawdown: CPSA -4.7% vs VTI -56.6%.
Should I hold both CPSA and VTI?
CPSA and VTI 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, CPSA or VTI?
CPSA yields 0.00% while VTI yields 1.07%, so VTI currently pays the higher dividend yield.
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