CPST vs QQQ
Calamos S&P 500 Structured Alt Protection ETF - September vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | CPST | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.18% | |
| AUM | $33M | $496.3B | |
| Dividend Yield | 0.00% | 0.44% | |
| Holdings | 5 | 108 | |
| YTD Return | +3.74% | +16.23% | |
| 1Y Return | +5.93% | +26.23% | |
| 3Y Return (annualized) | - | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 2.5% | 30.6% | |
| Max Drawdown | -3.8% | -83.0% | |
| Fund Family | Calamos Investments | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Sep 3, 2024 | Mar 10, 1999 |
CPST vs QQQ Performance
Calamos S&P 500 Structured Alt Protection ETF - September (CPST) is a ETF from Calamos Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year CPST returned +5.93% while QQQ returned +26.23%. Year to date, CPST is up 3.74% versus a gain of 16.23% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 2.5% for CPST. 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 -3.8% for CPST and -83.0% for QQQ. 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CPST charges 0.69% per year while QQQ charges 0.18%. On a $10,000 position that is $69 vs $18 annually, a gap of $51 per year that compounds over a long holding period. On income, CPST currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
CPST and QQQ share 0 holdings out of 103 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CPST or QQQ?
CPST has an expense ratio of 0.69% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, CPST or QQQ?
Over the past year CPST returned +5.93% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), CPST annualized +6.59% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, CPST or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 2.5% for CPST. Worst drawdown: CPST -3.8% vs QQQ -83.0%.
Should I hold both CPST and QQQ?
CPST and QQQ have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CPST and QQQ?
CPST and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 103 unique securities.
Which pays a higher dividend, CPST or QQQ?
CPST yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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