- CUSIP
- 12811T712
- Issuer
- Calamos
- Inception Date
- Feb 4, 2025
- Region
- Global (Broad)
- Category
- Blockchain
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Cryptocurrency
Highlights
- Avg. Volume (1M)
- 6K
- Avg. Volume Value (1M)
- $111.32K
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
CBXJ Performance Chart
Calamos Bitcoin 90 Series Structured Alt Protection ETF - January (CBXJ) is down 12.1% since the beginning of the year. CBXJ is currently trading at $20 per share.
Loading charts...
Compare this symbol against anything
Returns By Period
Calamos Bitcoin 90 Series Structured Alt Protection ETF - January (CBXJ) has returned -12.12% so far this year and -25.33% over the past 12 months.
Calamos Bitcoin 90 Series Structured Alt Protection ETF - January
- 1D
- -0.79%
- 1M
- -0.23%
- 6M
- -8.81%
- YTD
- -12.12%
- 1Y
- -25.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -13.12%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
CBXJ Monthly Returns History
Based on dividend-adjusted daily data since Feb 4, 2025, CBXJ's average daily return is -0.05%, while the average monthly return is -1.06%.
Historically, 44% of months were positive and 56% were negative. The best month was May 2025 with a return of +4.7%, while the worst month was Nov 2025 at -11.5%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 5 months.
On a daily basis, CBXJ closed higher 48% of trading days. The best single day was Jan 5, 2026 with a return of +3.2%, while the worst single day was Jan 20, 2026 at -4.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -3.63% | -5.68% | 0.72% | 3.48% | -1.96% | -6.12% | 0.78% | -12.12% | |||||
| 2025 | -3.46% | -0.54% | 3.67% | 4.71% | 1.63% | 4.24% | -2.60% | 3.09% | -1.60% | -11.46% | -4.39% | -7.64% |
Benchmark Metrics
Calamos Bitcoin 90 Series Structured Alt Protection ETF - January has an annualized alpha of -16.91%, beta of 0.35, and R2 of 0.14 versus S&P 500 Index. Calculated based on daily prices since February 04, 2025.
- This ETF participated in 105.46% of S&P 500 Index downside but only -10.92% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.35 may look defensive, but with R2 of 0.14 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 0.14 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
- -16.91%
- Beta
- 0.35
- R²
- 0.14
- Upside Capture
- -10.92%
- Downside Capture
- 105.46%
Expense Ratio
CBXJ has an expense ratio of 0.69%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CBXJ ranks 1 for risk / return — above 1% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Calamos Bitcoin 90 Series Structured Alt Protection ETF - January (CBXJ) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CBXJ | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.94 | ||
| Sortino ratioReturn per unit of downside risk | -4.16 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.25 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 2.00 | -2.88 |
| Martin ratioReturn relative to average drawdown | -1.28 | 8.49 | -9.78 |
Dividends
Dividend History
Calamos Bitcoin 90 Series Structured Alt Protection ETF - January provided a 2.24% dividend yield over the last twelve months, with an annual payout of $0.45 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.45 | $0.45 |
Dividend yield | 2.24% | 1.97% |
Monthly Dividends
The table displays the monthly dividend distributions for Calamos Bitcoin 90 Series Structured Alt Protection ETF - January. 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 | $0.00 | |||||
| 2025 | $0.45 | $0.45 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Calamos Bitcoin 90 Series Structured Alt Protection ETF - January. 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 Bitcoin 90 Series Structured Alt Protection ETF - January was 30.16%, occurring on Jun 30, 2026. The portfolio has not yet recovered.
The current Calamos Bitcoin 90 Series Structured Alt Protection ETF - January drawdown is 29.61%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-30.16%Jun 2026 | 8mo 26d | — | 9mo 29dOct 2025 - now | — |
-5.34%Apr 2025 | 1mo 15d | 24d | 2mo 9dFeb 2025 - May 2025 | 2025 selloff2025 |
-4.80%Aug 2025 | 15d | 1mo 4d | 1mo 19dAug 2025 - Oct 2025 | — |
-2.66%Aug 2025 | 17d | 11d | 28dJul 2025 - Aug 2025 | — |
-2.59%Jun 2025 | 13d | 5d | 18dMay 2025 - Jun 2025 | 2025 selloff2025 |
Drawdown Indicators
| CBXJ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.16% | -56.78% | +26.62% |
Max Drawdown (1Y)Largest decline over 1 year | -30.16% | -9.10% | -21.06% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -29.61% | -1.58% | -28.03% |
Average DrawdownAverage peak-to-trough decline | -12.62% | -10.70% | -1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.65% | 2.14% | +18.51% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with CBXJ
Add Calamos Bitcoin 90 Series Structured Alt Protection ETF - January to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with CBXJ