Data as of Oct 28, 2026.

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CPRY vs IWM: Differences, Returns & Fees

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Over the year to Oct 28, 2026, CPRY returned +7.8% to IWM's +14.1%, and IWM charges 0.19% to CPRY's 0.69%.

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Net assets: $36m on Oct 28, 2026 for Calamos Russell 2000 Structured Alt Protection ETF - January, and $75.5bn on Oct 27, 2026 for iShares Russell 2000 ETF.

At a glance
+7.8%
CPRY total return, 1 year
+14.1%
IWM total return, 1 year
0.69%
CPRY expense ratio
0.19%
IWM expense ratio

Pair scorecard

IWM costs 0.50 points a year less; their one-year returns differ by 6.3 points; IWM is far larger, $75.5bn against $36m.

CPRY vs IWM: Differences, Returns & Fees
MeasureCPRYIWM
Return
Total return, 1 year+7.8%+14.1%
Drawdown
Below its high7.6%, high on Aug 14, 2026
Index fall to the buffer11.6%
Fund price fall to the buffer5.5%
Benchmark
What it tracksIWMRussell 2000 Index
The outcome period
Buffer left, in index points100.0% of 100.0%
Days left in the period64
Period endsDec 31, 2026
Cost and size
Expense ratio0.69%0.19%
Net assets, as of Oct 27, 2026$36m$75.5bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight0%
Top ten holdings, share of the fund3.3%

Method

Side by side

CPRY Calamos Russell 2000 Structured Alt Protection ETF - January IWM iShares Russell 2000 ETF
Where it sits Buffer ETF Stock ETF
What it is Defined outcome, 100% on IWM Tracks the Russell 2000
Total return, 1 year +7.8% +14.1%
Its benchmark over the same days +13.0% (IWM) +14.3% (VTWO)
Gap to its benchmark −5.2 pts vs IWM −0.2 pts vs VTWO
Expense ratio 0.69% 0.19%
Holdings not read by ETFIQ 1977
Net assets, CPRY as of Oct 28, 2026 and IWM as of Oct 27, 2026 $36m $75.5bn

CPRY and IWM on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
CPRY

IWM had already risen past this fund's cap of +7.5% for the period on Oct 28, 2026, so in index terms there is no more upside to collect.

The fund's price can fall 5.5% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, IWM can fall 11.6% 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. 64 days remained on Oct 28, 2026. On Dec 31, 2026 the period ends and a new cap is set.

IWM

IWM tracks the Russell 2000. Over the year to Oct 28, 2026 it returned +14.1% with distributions reinvested, against +14.3% for its benchmark, the Russell 2000 Index. The prospectus expense ratio is 0.19% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,977 positions, with the top ten at 3.3%. It sat 7.6% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Are CPRY and IWM in the same category?
CPRY is a buffer ETF and IWM 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, CPRY or IWM?
In the year to Oct 28, 2026, with distributions reinvested, CPRY returned +7.8% and IWM +14.1%.
Which is cheaper, CPRY or IWM?
IWM is cheaper, by 0.50 percentage points a year. That is about $50 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, CPRY against IWM, data as of Oct 28, 2026. https://etfiq.com/compare/any/cpry-vs-iwm

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