CBOA vs CBXJ
Calamos Bitcoin Structured Alt Protection ETF - April vs Calamos Bitcoin 90 Series Structured Alt Protection ETF - January
Which is better, CBOA or CBXJ?
CBOA has been ahead.
CBOA led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CBOA | CBXJ |
|---|---|---|
| Expense Ratio | 0.69%Tie | 0.69%Tie |
| AUM | $5M | $19M |
| Dividend Yield | 2.32% | 2.07% |
| Holdings | 7 | 7 |
| YTD Return | -2.85%Best | -4.45% |
| 1Y Return | -3.79%Best | -19.89% |
| Volatility (annualized) | 6.0%Best | 16.3% |
| Max Drawdown | -8.9%Best | -30.2% |
| $10,000 over 1.5 years | $10,271Best | $9,425 |
| Fund Family | Calamos Investments | Calamos Investments |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Apr 7, 2025 | Feb 4, 2025 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Apr 7, 2025 to Oct 12, 2026 (1.5 years).
CBOA vs CBXJ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.5 years both funds cover.
CBOA vs CBXJ Performance
Calamos Bitcoin Structured Alt Protection ETF - April (CBOA) is an ETF from Calamos Investments and Calamos Bitcoin 90 Series Structured Alt Protection ETF - January (CBXJ) is an ETF from Calamos Investments. Over the past year CBOA returned -3.79% while CBXJ returned -19.89%. Year to date, CBOA is down 2.85% versus a loss of 4.45% for CBXJ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CBXJ has been the more volatile fund, with annualized monthly volatility of 16.3% compared with 6.0% for CBOA. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -8.9% for CBOA and -30.2% for CBXJ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CBOA charges 0.69% per year while CBXJ charges 0.69%. On a $10,000 position that is $69 vs $69 annually. On income, CBOA currently yields 2.32% against 2.07% for CBXJ.
You are not choosing between two funds in isolation.
Whichever of CBOA and CBXJ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CBOA or CBXJ?
CBOA has an expense ratio of 0.69% while CBXJ charges 0.69%. At the precision these are quoted to, they cost the same.
Which performed better, CBOA or CBXJ?
Over the past year CBOA returned -3.79% vs -19.89% for CBXJ, so CBOA leads on 1-year performance. Over the longest common window we track (2 years), CBOA annualized +1.80% vs -3.87% for CBXJ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CBOA or CBXJ?
CBXJ has been the more volatile fund at 16.3% annualized versus 6.0% for CBOA. Worst drawdown: CBOA -8.9% vs CBXJ -30.2%.
Should I hold both CBOA and CBXJ?
CBOA and CBXJ have a monthly-return correlation of 0.77, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CBOA or CBXJ?
CBOA yields 2.32% while CBXJ yields 2.07%, so CBOA currently pays the higher dividend yield.
Is CBXJ better than CBOA?
CBOA led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.