Data as of Oct 28, 2026.
CPRA vs VTWO: Differences, Returns & Fees
Over the year to Oct 28, 2026, CPRA returned +6.5% to VTWO's +14.3%, and VTWO charges 0.06% to CPRA's 0.69%.
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Net assets: $13m on Oct 28, 2026 for Calamos Russell 2000 Structured Alt Protection ETF - April, and $16.6bn on Sep 30, 2026 for Vanguard Russell 2000 ETF.
Pair scorecard
VTWO costs 0.63 points a year less; their one-year returns differ by 7.8 points.
| Measure | CPRA | VTWO |
|---|---|---|
| Return | ||
| Total return, 1 year | +6.5% | +14.3% |
| Drawdown | ||
| Below its high | 7.5%, high on Aug 14, 2026 | |
| Index fall to the buffer | 11.3% | |
| Fund price fall to the buffer | 4.2% | |
| Benchmark | ||
| What it tracks | IWM | Russell 2000 Index |
| The outcome period | ||
| Buffer left, in index points | 100.0% of 100.0% | |
| Days left in the period | 154 | |
| Period ends | Mar 31, 2027 | |
| Cost and size | ||
| Expense ratio | 0.69% | 0.06% |
| Net assets, CPRA as of Oct 28, 2026 and VTWO as of Sep 30, 2026 | $13m | $16.6bn |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 0% | |
| Top ten holdings, share of the fund | 5.4% | |
Risk and return
Apr 11, 2025 to Oct 23, 2026 · 80 weekly returns · each against IWMVTWO returned more: +52.4% to +13.2%. CPRA swung less: 2.1% to 16.2%. CPRA fell less at its worst: −0.7% to −11.1%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | CPRA | VTWO | IWM | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +13.2% | +52.4% | VTWO | Price change plus distributions, reinvested. | |
| Annualized | +8.4% | +31.5% | VTWO | Total return as a yearly rate. | |
| Price return | +13.2% | +49.6% | VTWO | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 2.1% | 16.2% | CPRA | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 1.1% | 9.1% | CPRA | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −0.7% | −11.1% | CPRA | Deepest fall from a high to the low after it. | |
| Upside capture | 9.5% | 98.9% | 100.0% | VTWO | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 6.3% | 98.9% | 100.0% | CPRA | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.11 | 0.99 | 1.00 | CPRA lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.80 | 1.00 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 1.99 | 1.53 | CPRA | Return above Treasury bills per unit of volatility. | |
| Sortino | 3.62 | 2.71 | CPRA | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.364 | 0.250 | 0.246 | CPRA | Return above Treasury bills per unit of beta. |
| Calmar | 12.46 | 2.84 | CPRA | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | IWM | IWM | IWM | The ETF each fund is measured against. | |
| Alpha | +1.3% a year | +0.3% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 1.74 | 0.48 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −0.2% to +2.9% | −1.0% to +1.7% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | −1.41 | 0.23 | VTWO | Return against its benchmark per unit of tracking error. | |
| Tracking error | 14.5% | 0.8% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 80 weekly returns. Cash rate: the 13-week Treasury bill.
Side by side
CPRA and VTWO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
CPRA and VTWO do different jobs. What does each one do in a portfolio?
- What each follows. CPRA follows IWM and VTWO follows Russell 2000 Index.
- One-year total return. Over 1 year to Oct 28, 2026 CPRA returned +6.5% and VTWO +14.3% with distributions reinvested, a gap of 7.8 points.
- Cost. CPRA charges 0.69% of assets a year and VTWO 0.06%, a gap of 0.63 points.
Data as of Oct 28, 2026.
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IWM had already risen past this fund's cap of +7.9% for the period on Oct 28, 2026, so in index terms there is no more upside to collect.
The fund's price can fall 4.2% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, IWM can fall 11.3% from today's level to the point where the buffer begins. Protection left, in index points: 100.0% of the 100.0% buffer still sits below today's IWM level. 154 days remained on Oct 28, 2026. On Mar 31, 2027 the period ends and a new cap is set.
VTWO
VTWO tracks the Russell 2000. Over the year to Oct 28, 2026 it returned +14.3% with distributions reinvested, against +14.1% for its benchmark, the Russell 2000 Index. The prospectus expense ratio is 0.06% a year. By its holdings published by its issuer as of Sep 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 2,002 positions, with the top ten at 5.4%. It sat 7.5% below its high of Aug 14, 2026 on Oct 28, 2026.
Questions people ask
- Are CPRA and VTWO in the same category?
- CPRA is a buffer ETF and VTWO is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, CPRA or VTWO?
- In the year to Oct 28, 2026, with distributions reinvested, CPRA returned +6.5% and VTWO +14.3%.
- Which is cheaper, CPRA or VTWO?
- VTWO is cheaper, by 0.63 percentage points a year. That is about $63 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, CPRA against VTWO, data as of Oct 28, 2026. https://etfiq.com/compare/any/cpra-vs-vtwo
ETFIQ. (Oct 28, 2026). CPRA against VTWO. Retrieved from https://etfiq.com/compare/any/cpra-vs-vtwo
[CPRA against VTWO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/cpra-vs-vtwo)
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