CBOJ vs CBTA
Calamos Bitcoin Structured Alt Protection ETF - January vs Calamos Bitcoin 80 Series Structured Alt Protection ETF - April
Which is better, CBOJ or CBTA?
CBOJ has been ahead.
CBOJ 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 | CBTA |
|---|---|---|
| Expense Ratio | 0.69%Tie | 0.69%Tie |
| AUM | $16M | $6M |
| Dividend Yield | 3.10% | 1.01% |
| Holdings | 7 | 7 |
| YTD Return | +1.08%Best | -13.94% |
| 1Y Return | -3.71%Best | -23.54% |
| Volatility (annualized) | 5.0%Best | 26.5% |
| Max Drawdown | -8.4%Best | -39.8% |
| $10,000 over 1.5 years | $10,181Best | $9,825 |
| Fund Family | Calamos Investments | Calamos Investments |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Jan 22, 2025 | Apr 7, 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 14, 2026 (1.5 years).
CBOJ vs CBTA 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.
CBOJ vs CBTA Performance
Calamos Bitcoin Structured Alt Protection ETF - January (CBOJ) is an ETF from Calamos Investments and Calamos Bitcoin 80 Series Structured Alt Protection ETF - April (CBTA) is an ETF from Calamos Investments. Over the past year CBOJ returned -3.71% while CBTA returned -23.54%. Year to date, CBOJ is up 1.08% versus a loss of 13.94% for CBTA.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CBTA has been the more volatile fund, with annualized monthly volatility of 26.5% compared with 5.0% 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 -39.8% for CBTA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CBOJ charges 0.69% per year while CBTA charges 0.69%. On a $10,000 position that is $69 vs $69 annually. On income, CBOJ currently yields 3.10% against 1.01% for CBTA.
You are not choosing between two funds in isolation.
Whichever of CBOJ and CBTA 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 CBTA?
CBOJ has an expense ratio of 0.69% while CBTA charges 0.69%. At the precision these are quoted to, they cost the same.
Which performed better, CBOJ or CBTA?
Over the past year CBOJ returned -3.71% vs -23.54% for CBTA, so CBOJ leads on 1-year performance. Over the longest common window we track (2 years), CBOJ annualized +1.20% vs -1.17% for CBTA. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CBOJ or CBTA?
CBTA has been the more volatile fund at 26.5% annualized versus 5.0% for CBOJ. Worst drawdown: CBOJ -8.4% vs CBTA -39.8%.
Should I hold both CBOJ and CBTA?
CBOJ and CBTA have a monthly-return correlation of 0.85, 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 CBTA?
CBOJ yields 3.10% while CBTA yields 1.01%, so CBOJ currently pays the higher dividend yield.
Is CBTA better than CBOJ?
CBOJ 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.