Calamos S&P 500 Structured Alt Protection ETF - January (CPSY) — Stock Correlations & Overview
Over the past year, CPSY has moved most closely with JANM, STEN, DDEC. Explore the stocks most correlated and inversely correlated with CPSY below, along with its price, financials, and company profile.
Stocks correlated with CPSY
Correlation of daily returns. Higher positive values move with CPSY; negative values move opposite it. Informational only, not investment advice.
Most correlated with CPSY
| Symbol | Company | Correlation |
|---|---|---|
| JANM | FT U.S. Equity Max Buffer ETF - January | 0.87 |
| STEN | iShares Large Cap 10% Target Buffer Sep ETF | 0.86 |
| DDEC | FT Vest U.S. Equity Deep Buffer ETF - December | 0.86 |
| SIXJ | AllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETF | 0.86 |
| SPBW | AllianzIM Buffer20 Allocation ETF | 0.86 |
Frequently asked questions about CPSY correlations
- Which stocks are most correlated with CPSY?
- Based on one year of daily returns, the stocks most correlated with Calamos S&P 500 Structured Alt Protection ETF - January (CPSY) are JANM (0.87), STEN (0.86) and DDEC (0.86). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with CPSY?
- Over the past year, the stocks most inversely correlated with Calamos S&P 500 Structured Alt Protection ETF - January (CPSY) are SPXS (-0.84), SPDN (-0.84) and SDS (-0.84). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these CPSY correlations calculated?
- We compute the correlation of daily returns between CPSY and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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