Calamos Russell 2000 Structured Alt… (CPRA) Performance
CPRA total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +5.0% since Dec 31, 2025
- 1 year
- +6.3% total return
- Since first price
- +12.2% since 2025
CPRA trailing returns vs SPY, QQQ, AGG
| Period | CPRA total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.1% | +0.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.6% | +0.6% | +3.2% | +1.9% | −0.4% |
| 6 months | +2.0% | +2.0% | +7.8% | +8.4% | −1.5% |
| YTD | +5.0% | +5.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +6.3% | +6.3% | +14.4% | +15.9% | −1.1% |
| Since inceptionApr 1, 2025 | +12.2% | +12.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: CPRA vs SPY
From Apr 1, 2025: CPRA grew to $11,222, SPY to $13,772.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
CPRA returns by calendar year
2026 is year to date.
CPRA annual returns table
| Year | CPRA | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +5.0% | −0.7% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
CPRA risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +8.2% |
| Volatility (annualized) | 1.6% |
| Sharpe ratio | 2.62 |
| Sortino ratio | 8.57 |
| Best month | +1.7% |
| Worst month | −0.3% |
| Best 12 months | +10.1% |
| Worst 12 months | +6.5% |
| Positive months | 94% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
CPRA rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 7 | +6.2% | +8.5% | +10.1% | 100% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
CPRA performance overview
Calamos Russell 2000 Structured Alt… (CPRA) returned +6.3% over the past year, with distributions reinvested. Since its first recorded price on Apr 1, 2025 it has returned +12.2%. Over the same year S&P 500 (SPY) returned +14.4%.
Related: CPRA chart. See the CPRA overview for the latest quote and fund facts.
CPRA performance FAQ
What is the CPRA return over the past year?
CPRA returned +6.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 6.3%.
How much would $10,000 invested in CPRA be worth?
$10,000 invested in CPRA at its first recorded close on April 1, 2025 would be worth about $11,222 on October 23, 2026 with distributions reinvested.
How volatile is CPRA?
Over the past history CPRA had an annualized volatility of 1.6% and a Sharpe ratio of 2.62 (excess return over 1–3 month T-bills per unit of risk).