CBXY vs IVV
Calamos Bitcoin 90 Series Structured Alt Protection ETF - July 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 | CBXY | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.03% | |
| AUM | $6M | $865.2B | |
| Dividend Yield | 1.45% | 1.09% | |
| Holdings | 5 | 508 | |
| YTD Return | -5.19% | +14.50% | |
| 1Y Return | -13.99% | +22.02% | |
| 3Y Return (annualized) | - | +21.80% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 7.0% | 15.1% | |
| Max Drawdown | -16.4% | -56.5% | |
| Fund Family | Calamos Investments | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 8, 2025 | May 15, 2000 |
CBXY vs IVV Performance
Calamos Bitcoin 90 Series Structured Alt Protection ETF - July (CBXY) 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 CBXY returned -13.99% while IVV returned +22.02%. Year to date, CBXY is down 5.19% versus a gain of 14.50% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 7.0% for CBXY. 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 -16.4% for CBXY 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 0.29. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CBXY 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, CBXY currently yields 1.45% against 1.09% for IVV.
Frequently Asked Questions
Which is cheaper, CBXY or IVV?
CBXY 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, CBXY or IVV?
Over the past year CBXY returned -13.99% vs +22.02% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), CBXY annualized -9.44% vs +7.07% for IVV. Past performance does not guarantee future results.
Which is riskier, CBXY or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 7.0% for CBXY. Worst drawdown: CBXY -16.4% vs IVV -56.5%.
Should I hold both CBXY and IVV?
CBXY and IVV have a monthly-return correlation of 0.29, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, CBXY or IVV?
CBXY yields 1.45% while IVV yields 1.09%, so CBXY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.