ALAI vs CPSL
Alger AI Enablers & Adopters ETF vs Calamos Laddered S&P 500 Structured Alt Protection ETF
Which is better, ALAI or CPSL?
ALAI has been ahead.
ALAI has a lower expense ratio. ALAI led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ALAI | CPSL |
|---|---|---|
| Expense Ratio | 0.58%Best | 0.79% |
| AUM | $1.6B | $158M |
| Dividend Yield | 1.16% | 0.00% |
| Holdings | 72 | 14 |
| YTD Return | +23.19%Best | +4.30% |
| 1Y Return | +22.58%Best | +5.70% |
| Volatility (annualized) | 27.0% | 2.3%Best |
| Max Drawdown | -29.4% | -3.7%Best |
| $10,000 over 2.1 years | $22,074Best | $11,385 |
| Fund Family | Alger | Calamos Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 4, 2024 | Sep 9, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Sep 9, 2024 to Oct 14, 2026 (2.1 years).
ALAI vs CPSL growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
ALAI vs CPSL Performance
Alger AI Enablers & Adopters ETF (ALAI) is an ETF from Alger and Calamos Laddered S&P 500 Structured Alt Protection ETF (CPSL) is an ETF from Calamos Investments. Over the past year ALAI returned +22.58% while CPSL returned +5.70%. Year to date, ALAI is up 23.19% versus a gain of 4.30% for CPSL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ALAI has been the more volatile fund, with annualized monthly volatility of 27.0% compared with 2.3% for CPSL. 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 -29.4% for ALAI and -3.7% for CPSL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ALAI charges 0.58% per year while CPSL charges 0.79%. On a $10,000 position that is $58 vs $79 annually, a gap of $21 per year that compounds over a long holding period. On income, ALAI currently yields 1.16% against 0.00% for CPSL.
Holdings Overlap
We hold position weights for 1 holding in ALAI and 12 in CPSL, totalling 2.2% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in ALAI and 12 in CPSL, against full books of 72 and 14.
You are not choosing between two funds in isolation.
Whichever of ALAI and CPSL you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ALAI or CPSL?
ALAI has an expense ratio of 0.58% while CPSL charges 0.79%. ALAI is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, ALAI or CPSL?
Over the past year ALAI returned +22.58% vs +5.70% for CPSL, so ALAI leads on 1-year performance. Over the longest common window we track (2 years), ALAI annualized +45.80% vs +6.37% for CPSL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ALAI or CPSL?
ALAI has been the more volatile fund at 27.0% annualized versus 2.3% for CPSL. Worst drawdown: ALAI -29.4% vs CPSL -3.7%.
Should I hold both ALAI and CPSL?
ALAI and CPSL have a monthly-return correlation of 0.77, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, ALAI or CPSL?
ALAI yields 1.16% while CPSL yields 0.00%, so ALAI currently pays the higher dividend yield.
Is CPSL better than ALAI?
ALAI has a lower expense ratio. ALAI led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.