How Do Downside Protection ETFs Work?

How Do Downside Protection ETFs Work?

Calamos’ Kaufman talks his firm’s 100% downside protection ETFs.

Reviewed by: Staff
Edited by: Kent Thune

It’s a compelling strategy—get exposure to the stock market, while eliminating all downside risk.

That’s what Calamos attempts to deliver investors with its suite of “structured protection ETFs.”

But is it truly a free lunch? And how do these ETFs work? In this week’s episode of Talk ETFs, Matt Kaufman, Head of ETFs for Calamos, sits down with Senior Analyst Sumit Roy to discuss.

Kaufman joined Calamos Investments in 2023 as an accomplished financial services executive with more than 20 years of experience serving the asset management and insurance industries across North America, Europe, and Asia. Kaufman has designed, led, and helped build hundreds of exchange-traded funds, unit investment trusts (UITs), indexes, variable insurance trust funds, registered index-linked annuities, fixed annuities, and closed-end funds. He is also a sought-after source for leading financial publications and is a frequent speaker at industry conferences and events. 

Talk ETFs is a weekly video series hosted by’s Senior Analyst Sumit Roy. Episodes highlight up-to-the-minute investing trends and strategies with commentary from leading experts in the ETF industry.