Calamos Laddered Bitcoin Structured Alt Protection ETF (CBTL) belongs to the Defined Outcome category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with CBTL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CBTL
CBTL charges 0.79% annually. There are 89 ETFs in the Defined Outcome category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | CBTL vs JANB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | CBTL vs APRB | |
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | CBTL vs OCTB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | CBTL vs JULB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | CBTL vs FBUF |
Best Risk-Adjusted Alternatives to CBTL
Among 220 ETFs in the Defined Outcome category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 99 | — | Mar 2025 | CBTL vs PMAP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 99 | — | Apr 2025 | CBTL vs APXM | |
| iShares Large Cap Max Buffer Mar ETF | 99 | — | Mar 2025 | CBTL vs MMAX | |
| PGIM S&P 500 Max Buffer ETF - May | 98 | — | Apr 2025 | CBTL vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 18.90M | Apr 2025 | CBTL vs CPSP |
Top Performing CBTL Alternatives (YTD)
CBTL is at -14.75% YTD. There are 270 ETFs in the Defined Outcome category with higher YTD returns, going as high as 18.85%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leverage Shares 2x Capped Accelerated NVDA Monthly... | 18.85% | — | Aug 2025 | CBTL vs NVDO | |
| FT Vest Emerging Markets Buffer ETF - March | 14.45% | — | Mar 2025 | CBTL vs TMAR | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 13.06% | 557.94M | Mar 2021 | CBTL vs QMAR | |
| PGIM Nasdaq-100 Buffer 12 ETF - April | 12.09% | 7.34M | Dec 2024 | CBTL vs PQAP | |
| FT Vest U.S. Equity Uncapped Accelerator ETF - Jul... | 11.78% | — | Jul 2025 | CBTL vs UXJL |
Lowest Volatility Alternatives to CBTL
CBTL has 22.41% 1-year volatility. There are 282 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.01%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest U.S. Equity Max Buffer ETF - April | 1.01% | — | Apr 2025 | CBTL vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.12% | — | Apr 2025 | CBTL vs PMMY | |
| PGIM S&P 500 Max Buffer ETF - April | 1.15% | — | Mar 2025 | CBTL vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | 1.39% | — | Mar 2025 | CBTL vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.42% | 18.90M | Apr 2025 | CBTL vs CPSP |
Lowest Drawdown Alternatives to CBTL
Among 220 ETFs in the Defined Outcome category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.27%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest U.S. Equity Max Buffer ETF - April | -0.27% | — | Apr 2025 | CBTL vs APXM | |
| PGIM S&P 500 Max Buffer ETF - April | -0.34% | — | Mar 2025 | CBTL vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | -0.34% | — | Mar 2025 | CBTL vs MMAX | |
| PGIM S&P 500 Max Buffer ETF - May | -0.36% | — | Apr 2025 | CBTL vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 18.90M | Apr 2025 | CBTL vs CPSP |
Other ETFs from Calamos
The 10 most viewed Calamos ETFs shown here include CAIE, CPSM, CVRT and span 7 categories. AUM among these funds goes as high as $972M.
Often Compared With CBTL
Investors most often compare CBTL with EAPR, ZMAY, KFEB. These 8 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Innovator Emerging Markets Power Buffer ETF - Apri... | Defined Outcome | 94 | 11.39% | 100.91M | Mar 2021 | CBTL vs EAPR | |
| Innovator Equity Defined Protection ETF - 1 Yr May | Defined Outcome | 97 | 2.20% | — | May 2025 | CBTL vs ZMAY | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | Defined Outcome | 74 | 11.46% | — | Jan 2025 | CBTL vs KFEB | |
| Calamos Nasdaq-100 Structured Alt Protection ETF -... | Defined Outcome | 95 | 3.00% | 25.30M | Sep 2024 | CBTL vs CPNS | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | Defined Outcome | 98 | 3.25% | — | Apr 2025 | CBTL vs ZAPR | |
| ProShares Nasdaq-100 Dynamic Daily Buffer ETF | Defined Outcome, Nasdaq-100 | — | 10.47% | 2.34M | Jun 2025 | CBTL vs QB | |
| Calamos S&P 500 Structured Alt Protection ETF - Ju... | Defined Outcome | 94 | 2.61% | 41.40M | Jul 2024 | CBTL vs CPSJ | |
| Innovator Premium Income 15 Buffer ETF - July | Defined Outcome | 96 | 1.80% | — | Jun 2024 | CBTL vs LJUL |
Compare CBTL with Any Fund or Stock
Compare CBTL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CBTL with funds that move differently
Calamos Laddered Bitcoin Structured Alt Protection ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CBTL.
Explore CBTL Diversifiers