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Upturn AI Summary
Calamos ETF Trust(CPSM)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for CPSM
10/02/2026: CPSM (1-star) has a low Upturn Star Rating. Not recommended to BUY.
CPSM is an actively managed ETF that provides exposure to the S&P 500 while using an options-based strategy to generate income and mitigate downside risk. Its key strengths include tactical management and a focus on consistent cash flow, making it a strong fit for income-oriented investors who want to stay invested in large-cap stocks. However, the fund's structured approach caps potential upside during bull markets and entails higher expenses than passive index funds. The primary risks involve equity market sensitivity and the potential for underperformance in rapid rallies. Investors should monitor the fund’s yield relative to its peers and its ability to effectively hedge during periods of high market stress.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The fund caps upside potential through its strategy, making it less suitable for investors prioritizing pure growth. |
| Momentum investor | Weak fit | The structured nature of the fund is designed to dampen market movements rather than capitalize on rapid momentum. |
| Value investor | Mixed fit | Income-focused value investors may appreciate the cash flow, though the underlying exposure is strictly large-cap growth-heavy. |
| Dividend/Income investor | Strong fit | The primary objective of providing consistent income makes this a strong candidate for income-seeking portfolios. |
| Low-risk investor | Mixed fit | While it mitigates downside risk, it remains exposed to equity market volatility, which may exceed the risk tolerance of pure low-risk investors. |
Investor Profile
Ideal Investor Profile
The ideal investor is a middle-aged or retired individual seeking income from equity assets while desiring some protection against sharp market downturns.
Suitability
CPSM is best suited for long-term investors looking to balance income needs with partial equity market participation.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium | The strategy is designed to moderate equity volatility, though it remains tied to overall market swings. |
| Market risk | Medium / high | As an equity-based fund, it remains vulnerable to broad market declines despite its hedging efforts. |
| Concentration | Medium | The portfolio relies heavily on the performance of the S&P 500, limiting geographic or asset-class diversification. |
| Tracking/expense | Medium | Active management and options costs can impact total returns compared to a passive index fund. |
| Liquidity | Low | The fund maintains sufficient liquidity for standard retail investor needs. |
| Business/sector quality | Low | The focus on blue-chip, large-cap companies provides strong fundamental backing for the underlying assets. |
Risk Analysis
Volatility
CPSM exhibits moderate historical volatility, generally lower than the unhedged S&P 500 due to its options-based protection mechanism.
Market Risk
The fund carries systemic market risk as its primary assets are large-cap U.S. equities, meaning it remains sensitive to broad economic shocks.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Market capitalization | S&P 500 Equity Basket | 90 | Provides core exposure to large-cap U.S. companies that serve as the foundation for the fund's return profile. |
| Derivatives | S&P 500 Options (Calls/Puts) | 8 | These derivatives are used to generate income and provide a buffer against significant market downturns. |
| Cash/collateral | Cash and Cash Equivalents | 2 | Maintains minimal liquidity to support operational needs and trade execution. |
Price Behavior
Flat / Range-Bound
The stock price has been trading within a narrow range with minimal directional movement.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type ETF | Historic Profit 9.29% | Avg. Invested days 151 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  5.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/02/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Oct 2, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $58.72M |
| Issuer | Calamos |
| Expense Ratio | 0.69% |
| Distribution Yield | 0% |
| Inception | Apr 30, 2024 |
Performance
| Period | Total Return |
|---|---|
| YTD | +3.44% |
| 1 Year | +4.59% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 1.1% |
| 3Y Volatility | 0% |
| 3Y Sharpe Ratio | 0 |
Top Sectors
| Sector | Weight |
|---|---|
| Basic Materials | 0.00% |
| Consumer Cyclicals | 0.00% |
| Financial Services | 0.00% |
| Real Estate | 0.00% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|---|
| Distribution Yield | 0% |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
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