CBOJ vs QQQ
Calamos Bitcoin Structured Alt Protection ETF - January vs Invesco QQQ Trust, Series 1
Which is better, CBOJ or QQQ?
Option Writing against Large Cap Growth.
QQQ has a lower expense ratio. QQQ 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 | CBOJ | QQQ |
|---|---|---|
| Expense Ratio | 0.69% | 0.18%Best |
| AUM | $16M | $498.6B |
| Dividend Yield | 3.15% | 0.42% |
| Holdings | 7 | 321 |
| YTD Return | +1.42% | +22.67%Best |
| 1Y Return | -4.50% | +24.33%Best |
| 3Y Return (annualized) | - | +29.05% |
| 5Y Return (annualized) | - | +17.00% |
| Volatility (annualized) | 4.8%Best | 19.6% |
| Max Drawdown | -8.4%Best | -22.8% |
| $10,000 over 1.7 years | $10,078 | $14,246Best |
| Fund Family | Calamos Investments | Invesco (US) |
| Category | Alternative | Equity |
| Style | Option Writing | Large Cap Growth |
| Inception | Jan 22, 2025 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: Jan 22, 2025 to Oct 2, 2026 (1.7 years).
CBOJ vs QQQ 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 1.7 years both funds cover.
CBOJ vs QQQ Performance
Calamos Bitcoin Structured Alt Protection ETF - January (CBOJ) is an ETF from Calamos Investments and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year CBOJ returned -4.50% while QQQ returned +24.33%. Year to date, CBOJ is up 1.42% versus a gain of 22.67% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 19.6% compared with 4.8% for CBOJ. 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 -8.4% for CBOJ and -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.39. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CBOJ charges 0.69% per year while QQQ charges 0.18%. On a $10,000 position that is $69 vs $18 annually, a gap of $51 per year that compounds over a long holding period. On income, CBOJ currently yields 3.15% against 0.42% for QQQ.
You are not choosing between two funds in isolation.
Whichever of CBOJ and QQQ 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, CBOJ or QQQ?
CBOJ has an expense ratio of 0.69% while QQQ charges 0.18%. QQQ is the cheaper option, by $51 a year on a $10,000 investment.
Which performed better, CBOJ or QQQ?
Over the past year CBOJ returned -4.50% vs +24.33% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), CBOJ annualized +0.46% vs +23.14% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CBOJ or QQQ?
QQQ has been the more volatile fund at 19.6% annualized versus 4.8% for CBOJ. Worst drawdown: CBOJ -8.4% vs QQQ -22.8%.
Should I hold both CBOJ and QQQ?
CBOJ and QQQ have a monthly-return correlation of 0.39, 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, CBOJ or QQQ?
CBOJ yields 3.15% while QQQ yields 0.42%, so CBOJ currently pays the higher dividend yield.
Is QQQ better than CBOJ?
QQQ has a lower expense ratio. QQQ 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.