What this ETF is trying to do

The CALAMOS S&P 500 STRUCTURED ALT PROTECTION ETF - AUGUST (ticker: CPSA) is an exchange-traded fund that trades on the NYSE. Based on its name, it focuses on a structured protection strategy related to the S&P 500.

What the numbers show

As of October 5, 2026, the current price of one share is $28.22. An estimated price from roughly one year ago was approximately $26.67.

The data shows that the share price has grown over the last year. The one-year price return is 5.83%. So far this year, the year-to-date (YTD) price return is 4.77%. Because total return data was supplied, we can see that the one-year total return is also 5.83% and the YTD total return is 4.77%. This means the overall return matches the movement in the share price.

Income and distribution explanation

Some investors buy ETFs because they want to receive regular cash payments, which are called distributions. The "distribution yield" tells you how much cash an ETF pays out compared to its price. For this ETF, the distribution yield is 0%. No distributions were detected over the last 12 months. This means the fund has not been paying out cash to investors recently.

NAV erosion explanation

"NAV erosion" is a term used when the value of the actual assets held inside an ETF goes down. Investors often watch this to see if the fund is losing its underlying value. For CPSA, the erosion-risk score is 100, which is labeled as "No price erosion detected." The severity is rated as "good," and there is no severe erosion-risk flag.

Pros

• The share price has increased over the last year (5.83%).

• The share price has also increased so far this year (4.77%).

• The data shows no signs of price erosion.

Cons

• The ETF does not currently provide cash distributions or income.

• No information was supplied regarding the fund's top holdings.

Beginner takeaway

CPSA has seen its share price grow over the past year and so far this year. However, it is not providing regular cash payments to investors, as no distributions were detected in the last 12 months.