What this ETF is trying to do

The S&P 500 Structured Alt Protection ETF (CPSO) is an exchange-traded fund listed on the NYSE. Based on its name, it is designed to provide a structured approach to the S&P 500 with a focus on protection.

What the numbers show

As of October 5, 2026, the current price of one share is $28.40.

Looking at the performance:

• Year-to-Date (YTD): The price return is approximately 4.93%.

• One-Year Performance: The price return is approximately 5.83%.

Because this fund has not paid distributions, the price return and the total return are the same. For example, the one-year total return is also 5.83%.

To help understand the price change, we can look at an estimated price from roughly one year ago, which was $26.84. If an investor had put $10,000 into the fund based on that estimated price, the value of those shares would have grown by 5.83% over the year, ignoring any fees.

Income and distribution explanation

This ETF does not currently provide regular income to investors. The data shows a distribution yield of 0% and no distributions detected over the last 12 months.

It is important for beginners to know that some investors look for "high yield" (large cash payments), but a high yield alone can be misleading if the share price is falling. In this case, there is no yield to consider.

NAV erosion explanation

"NAV erosion" happens when the net asset value of a fund declines over time, which can eat away at an investor's original principal.

For this ETF, the erosion-risk score is 100, and the erosion severity is labeled as "good." The data states that no price erosion has been detected, and the severe erosion-risk flag is false.

Pros

• Positive Returns: The fund has shown positive price and total returns for both the year-to-date and one-year periods.

• Low Erosion Risk: The erosion-risk measurements suggest the fund has maintained its price stability well.

Cons

• No Income: This fund does not pay distributions, so it does not provide cash flow for investors.

• Limited History: Three-year and five-year return data were not supplied.

Beginner takeaway

CPSO is a fund that has seen modest growth over the last year without any significant price erosion. However, it is not an income-generating investment because it does not pay distributions. Investors typically care about principal stability to ensure their original investment doesn't disappear over time.