CBTA vs IVV
Calamos Bitcoin 80 Series Structured Alt Protection ETF - April vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CBTA | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.03% | |
| AUM | $5M | $865.2B | |
| Dividend Yield | 1.21% | 1.09% | |
| Holdings | 7 | 508 | |
| YTD Return | -25.92% | +13.80% | |
| 1Y Return | -34.93% | +23.01% | |
| 3Y Return (annualized) | - | +21.77% | |
| 5Y Return (annualized) | - | +13.39% | |
| Volatility (annualized) | 24.8% | 15.1% | |
| Max Drawdown | -39.8% | -56.5% | |
| Fund Family | Calamos Investments | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Apr 7, 2025 | May 15, 2000 |
CBTA vs IVV Performance
Calamos Bitcoin 80 Series Structured Alt Protection ETF - April (CBTA) is a ETF from Calamos Investments and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CBTA returned -34.93% while IVV returned +23.01%. Year to date, CBTA is down 25.92% versus a gain of 13.80% for IVV.
Risk: Volatility and Drawdowns
CBTA has been the more volatile fund, with annualized monthly volatility of 24.8% compared with 15.1% for IVV. 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 -39.8% for CBTA and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CBTA charges 0.69% per year while IVV charges 0.03%. On a $10,000 position that is $69 vs $3 annually, a gap of $66 per year that compounds over a long holding period. On income, CBTA currently yields 1.21% against 1.09% for IVV.
Frequently Asked Questions
Which is cheaper, CBTA or IVV?
CBTA has an expense ratio of 0.69% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
Which performed better, CBTA or IVV?
Over the past year CBTA returned -34.93% vs +23.01% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), CBTA annualized -11.76% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, CBTA or IVV?
CBTA has been the more volatile fund at 24.8% annualized versus 15.1% for IVV. Worst drawdown: CBTA -39.8% vs IVV -56.5%.
Should I hold both CBTA and IVV?
CBTA and IVV have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, CBTA or IVV?
CBTA yields 1.21% while IVV yields 1.09%, so CBTA currently pays the higher dividend yield.
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