CBTA vs CBXJ
Calamos Bitcoin 80 Series Structured Alt Protection ETF - April vs Calamos Bitcoin 90 Series Structured Alt Protection ETF - January
Which is better, CBTA or CBXJ?
Each has led over a different period.
CBTA led over the full window, CBXJ over 1Y.
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 | CBTA | CBXJ |
|---|---|---|
| Expense Ratio | 0.69%Tie | 0.69%Tie |
| AUM | $6M | $19M |
| Dividend Yield | 1.01% | 2.02% |
| Holdings | 7 | 7 |
| YTD Return | -13.94% | -5.01%Best |
| 1Y Return | -23.54% | -19.15%Best |
| Volatility (annualized) | 26.5% | 16.3%Best |
| Max Drawdown | -39.8% | -30.2%Best |
| $10,000 over 1.5 years | $9,825Best | $9,372 |
| Fund Family | Calamos Investments | Calamos Investments |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Apr 7, 2025 | Feb 4, 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).
CBTA vs CBXJ 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.
CBTA vs CBXJ Performance
Calamos Bitcoin 80 Series Structured Alt Protection ETF - April (CBTA) is an ETF from Calamos Investments and Calamos Bitcoin 90 Series Structured Alt Protection ETF - January (CBXJ) is an ETF from Calamos Investments. Over the past year CBTA returned -23.54% while CBXJ returned -19.15%. Year to date, CBTA is down 13.94% versus a loss of 5.01% for CBXJ.
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 16.3% for CBXJ. 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 -30.2% for CBXJ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CBTA charges 0.69% per year while CBXJ charges 0.69%. On a $10,000 position that is $69 vs $69 annually. On income, CBTA currently yields 1.01% against 2.02% for CBXJ.
You are not choosing between two funds in isolation.
Whichever of CBTA and CBXJ 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, CBTA or CBXJ?
CBTA has an expense ratio of 0.69% while CBXJ charges 0.69%. At the precision these are quoted to, they cost the same.
Which performed better, CBTA or CBXJ?
Over the past year CBTA returned -23.54% vs -19.15% for CBXJ, so CBXJ leads on 1-year performance. Over the longest common window we track (2 years), CBTA annualized -1.17% vs -4.23% for CBXJ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CBTA or CBXJ?
CBTA has been the more volatile fund at 26.5% annualized versus 16.3% for CBXJ. Worst drawdown: CBTA -39.8% vs CBXJ -30.2%.
Should I hold both CBTA and CBXJ?
CBTA and CBXJ have a monthly-return correlation of 0.89, 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, CBTA or CBXJ?
CBTA yields 1.01% while CBXJ yields 2.02%, so CBXJ currently pays the higher dividend yield.
Is CBXJ better than CBTA?
CBTA led over the full window, CBXJ over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.