Calamos Bitcoin 80 Series Structured Alt Protection ETF - October (CBTO) 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 CBTO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CBTO
CBTO charges 0.69% annually. There are 41 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 | CBTO vs JANB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | CBTO vs APRB | |
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | CBTO vs OCTB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | CBTO vs JULB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | CBTO vs FBUF |
Best Risk-Adjusted Alternatives to CBTO
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 | CBTO vs PMAP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 99 | — | Apr 2025 | CBTO vs APXM | |
| iShares Large Cap Max Buffer Mar ETF | 99 | — | Mar 2025 | CBTO vs MMAX | |
| PGIM S&P 500 Max Buffer ETF - May | 98 | — | Apr 2025 | CBTO vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 18.90M | Apr 2025 | CBTO vs CPSP |
Top Performing CBTO Alternatives (YTD)
CBTO is at -8.23% YTD. There are 266 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 | CBTO vs NVDO | |
| FT Vest Emerging Markets Buffer ETF - March | 14.45% | — | Mar 2025 | CBTO vs TMAR | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 13.06% | 557.94M | Mar 2021 | CBTO vs QMAR | |
| PGIM Nasdaq-100 Buffer 12 ETF - April | 12.09% | 7.34M | Dec 2024 | CBTO vs PQAP | |
| FT Vest U.S. Equity Uncapped Accelerator ETF - Jul... | 11.78% | — | Jul 2025 | CBTO vs UXJL |
Lowest Volatility Alternatives to CBTO
CBTO has 12.88% 1-year volatility. There are 271 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 | CBTO vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.12% | — | Apr 2025 | CBTO vs PMMY | |
| PGIM S&P 500 Max Buffer ETF - April | 1.15% | — | Mar 2025 | CBTO vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | 1.39% | — | Mar 2025 | CBTO vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.42% | 18.90M | Apr 2025 | CBTO vs CPSP |
Lowest Drawdown Alternatives to CBTO
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 | CBTO vs APXM | |
| PGIM S&P 500 Max Buffer ETF - April | -0.34% | — | Mar 2025 | CBTO vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | -0.34% | — | Mar 2025 | CBTO vs MMAX | |
| PGIM S&P 500 Max Buffer ETF - May | -0.36% | — | Apr 2025 | CBTO vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 18.90M | Apr 2025 | CBTO 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 CBTO
Investors most often compare CBTO with LJUL, EAPR, ARKY. These 8 comparison targets span 3 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - July | Defined Outcome | 96 | 1.80% | — | Jun 2024 | CBTO vs LJUL | |
| Innovator Emerging Markets Power Buffer ETF - Apri... | Defined Outcome | 94 | 11.39% | 100.91M | Mar 2021 | CBTO vs EAPR | |
| ARK 21Shares Active Bitcoin Ethereum Strategy ETF | Cryptocurrency | — | — | 3.59M | Nov 2023 | CBTO vs ARKY | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | Defined Outcome | 74 | 11.46% | — | Jan 2025 | CBTO vs KFEB | |
| Innovator Equity Defined Protection ETF - 1 Yr May | Defined Outcome | 97 | 2.20% | — | May 2025 | CBTO vs ZMAY | |
| Calamos Nasdaq-100 Structured Alt Protection ETF -... | Defined Outcome | 95 | 3.00% | 25.30M | Sep 2024 | CBTO vs CPNS | |
| Calamos S&P 500 Structured Alt Protection ETF - Ju... | Defined Outcome | 94 | 2.61% | 41.40M | Jul 2024 | CBTO vs CPSJ | |
| ProShares Nasdaq-100 Dynamic Daily Buffer ETF | Defined Outcome, Nasdaq-100 | — | 10.47% | 2.34M | Jun 2025 | CBTO vs QB |
Compare CBTO with Any Fund or Stock
Compare CBTO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CBTO with funds that move differently
Calamos Bitcoin 80 Series Structured Alt Protection ETF - October alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CBTO.
Explore CBTO Diversifiers