CBOY vs QQQ
Calamos Bitcoin Structured Alt Protection ETF - July vs Invesco QQQ Trust, Series 1
Which is better, CBOY or QQQ?
QQQ has been ahead.
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 | CBOY | QQQ |
|---|---|---|
| Expense Ratio | 0.69% | 0.18%Best |
| AUM | $5M | $483.5B |
| Dividend Yield | 1.34% | 0.44% |
| Holdings | 7 | 107 |
| YTD Return | +1.93% | +17.95%Best |
| 1Y Return | -0.29% | +21.77%Best |
| 3Y Return (annualized) | - | +25.63% |
| 5Y Return (annualized) | - | +15.24% |
| Volatility (annualized) | 2.9%Best | 20.4% |
| Max Drawdown | -4.0%Best | -12.0% |
| $10,000 over 1.2 years | $10,178 | $13,136Best |
| Fund Family | Calamos Investments | Invesco (US) |
| Category | Alternative | Equity |
| Style | - | Large Cap Growth |
| Inception | Jul 8, 2025 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.2 years row, are measured over the window both funds cover: Jul 8, 2025 to Sep 18, 2026 (1.2 years).
CBOY 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
CBOY vs QQQ Performance
Calamos Bitcoin Structured Alt Protection ETF - July (CBOY) is an ETF from Calamos Investments and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year CBOY returned -0.29% while QQQ returned +21.77%. Year to date, CBOY is up 1.93% versus a gain of 17.95% 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 20.4% compared with 2.9% for CBOY. 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 -4.0% for CBOY and -12.0% 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 0.28. They move largely independently of each other.
Fees and Cost Over Time
CBOY 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, CBOY currently yields 1.34% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 1 holding in CBOY and 102 in QQQ, totalling 152.3% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in CBOY and 102 in QQQ, against full books of 7 and 107.
You are not choosing between two funds in isolation.
Whichever of CBOY 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, CBOY or QQQ?
CBOY 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, CBOY or QQQ?
Over the past year CBOY returned -0.29% vs +21.77% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), CBOY annualized +1.48% vs +25.52% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CBOY or QQQ?
QQQ has been the more volatile fund at 20.4% annualized versus 2.9% for CBOY. Worst drawdown: CBOY -4.0% vs QQQ -12.0%.
Should I hold both CBOY and QQQ?
CBOY and QQQ have a monthly-return correlation of 0.28, 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, CBOY or QQQ?
CBOY yields 1.34% while QQQ yields 0.44%, so CBOY currently pays the higher dividend yield.
Is QQQ better than CBOY?
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.