CPNJ vs QMMY
Calamos Nasdaq-100 Structured Alt Protection ETF - June vs FT Vest Nasdaq-100 Moderate Buffer ETF - May
Which is better, CPNJ or QMMY?
Nearly the same fund. CPNJ costs less.
CPNJ has a lower expense ratio. QMMY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97.
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 | CPNJ | QMMY |
|---|---|---|
| Expense Ratio | 0.69%Best | 0.90% |
| AUM | $45M | $155M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 5 | 10 |
| YTD Return | +2.95% | +7.43%Best |
| 1Y Return | +4.22% | +10.14%Best |
| Volatility (annualized) | 3.4%Best | 8.1% |
| Max Drawdown | -6.0%Best | -12.8% |
| $10,000 over 2.4 years | $11,792 | $13,540Best |
| Fund Family | Calamos Investments | First Trust Portfolios (US) |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jun 3, 2024 | May 17, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: Jun 3, 2024 to Oct 14, 2026 (2.4 years).
CPNJ vs QMMY 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 covers the 2.4 years both funds cover.
CPNJ vs QMMY Performance
Calamos Nasdaq-100 Structured Alt Protection ETF - June (CPNJ) is an ETF from Calamos Investments and FT Vest Nasdaq-100 Moderate Buffer ETF - May (QMMY) is an ETF from First Trust Portfolios (US). Over the past year CPNJ returned +4.22% while QMMY returned +10.14%. Year to date, CPNJ is up 2.95% versus a gain of 7.43% for QMMY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QMMY has been the more volatile fund, with annualized monthly volatility of 8.1% compared with 3.4% for CPNJ. 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 -6.0% for CPNJ and -12.8% for QMMY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CPNJ charges 0.69% per year while QMMY charges 0.90%. On a $10,000 position that is $69 vs $90 annually, a gap of $21 per year that compounds over a long holding period. On income, CPNJ currently yields 0.00% against 0.00% for QMMY.
You are not choosing between two funds in isolation.
Whichever of CPNJ and QMMY 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, CPNJ or QMMY?
CPNJ has an expense ratio of 0.69% while QMMY charges 0.90%. CPNJ is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, CPNJ or QMMY?
Over the past year CPNJ returned +4.22% vs +10.14% for QMMY, so QMMY leads on 1-year performance. Over the longest common window we track (2 years), CPNJ annualized +7.11% vs +13.46% for QMMY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CPNJ or QMMY?
QMMY has been the more volatile fund at 8.1% annualized versus 3.4% for CPNJ. Worst drawdown: CPNJ -6.0% vs QMMY -12.8%.
Should I hold both CPNJ and QMMY?
CPNJ and QMMY have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, CPNJ or QMMY?
CPNJ yields 0.00% while QMMY yields 0.00%, so QMMY currently pays the higher dividend yield.
Is QMMY better than CPNJ?
CPNJ has a lower expense ratio. QMMY led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. Which one suits a particular account depends on what it is for. This is information, not a recommendation.