- Issuer
- Calamos
- Inception Date
- Oct 13, 2025
- Region
- Global (Global)
- Category
- Defined Outcome, Cryptocurrency
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- US
- Distribution Policy
- Distributing
- Asset Class
- Cryptocurrency
Share Price Chart
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Performance
CBOL Performance Chart
Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF (CBOL) is down 2.5% since the beginning of the year. CBOL is currently trading at $23 per share.
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Returns By Period
Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF
- 1D
- -0.34%
- 1M
- -1.33%
- YTD
- -2.45%
- 6M
- -2.62%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CBOL Monthly Returns History
Based on dividend-adjusted daily data since Oct 14, 2025, CBOL's average daily return is -0.03%, while the average monthly return is -0.55%.
Historically, 22% of months were positive and 78% were negative. The best month was Apr 2026 with a return of +0.6%, while the worst month was Feb 2026 at -1.9%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 5 months.
On a daily basis, CBOL closed higher 45% of trading days. The best single day was Dec 2, 2025 with a return of +0.7%, while the worst single day was Feb 2, 2026 at -0.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.24% | -1.94% | 0.06% | 0.64% | -0.06% | -0.91% | -2.45% | ||||||
| 2025 | -0.30% | -1.91% | -0.27% | -2.47% |
Benchmark Metrics
Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF has an annualized alpha of -9.57%, beta of 0.13, and R2 of 0.21 versus S&P 500 Index. Calculated based on daily prices since October 15, 2025.
- This ETF participated in 38.25% of S&P 500 Index downside but only -7.52% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.13 may look defensive, but with R2 of 0.21 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.21 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -9.57%
- Beta
- 0.13
- R²
- 0.21
- Upside Capture
- -7.52%
- Downside Capture
- 38.25%
Expense Ratio
CBOL has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF (CBOL) and compare them to S&P 500 Index.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
Dividends
Dividend History
Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF provided a 1.83% dividend yield over the last twelve months, with an annual payout of $0.43 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.43 | $0.43 |
Dividend yield | 1.83% | 1.79% |
Monthly Dividends
The table displays the monthly dividend distributions for Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.43 | $0.43 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF was 5.05%, occurring on Jun 5, 2026. The portfolio has not yet recovered.
The current Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF drawdown is 5.05%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -5.05%Jun 2026 | 7mo 10d | — | 7mo 11dOct 2025 - now |
2025 pullback2025 | -0.82%Oct 2025 | 2d | 10d | 12dOct 2025 - Oct 2025 |
Drawdown Indicators
| CBOL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.05% | -9.10% | +4.05% |
Current DrawdownCurrent decline from peak | -5.05% | -2.97% | -2.08% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -1.13% | -2.10% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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