Calamos Laddered Bitcoin 80 Series Structured Alt Protection ETF (CBXL) 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 CBXL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CBXL
CBXL 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 | CBXL vs JANB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | CBXL vs APRB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | CBXL vs JULB | |
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | CBXL vs OCTB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | CBXL vs FBUF |
Best Risk-Adjusted Alternatives to CBXL
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 | CBXL vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | 99 | — | Mar 2025 | CBXL vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 18.90M | Apr 2025 | CBXL vs CPSP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 98 | — | Apr 2025 | CBXL vs APXM | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 98 | — | Apr 2025 | CBXL vs ZAPR |
Top Performing CBXL Alternatives (YTD)
CBXL is at -10.63% YTD. There are 266 ETFs in the Defined Outcome category with higher YTD returns, going as high as 14.63%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leverage Shares 2x Capped Accelerated NVDA Monthly... | 14.63% | — | Aug 2025 | CBXL vs NVDO | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 11.34% | 557.94M | Mar 2021 | CBXL vs QMAR | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 10.58% | — | Jan 2025 | CBXL vs KFEB | |
| PGIM Nasdaq-100 Buffer 12 ETF - April | 10.55% | 7.34M | Dec 2024 | CBXL vs PQAP | |
| Innovator Russell 2000 Power Buffer ETF - April | 10.16% | 214.88M | Mar 2020 | CBXL vs KAPR |
Lowest Volatility Alternatives to CBXL
CBXL has 13.41% 1-year volatility. There are 272 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.07%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest U.S. Equity Max Buffer ETF - April | 1.07% | — | Apr 2025 | CBXL vs APXM | |
| PGIM S&P 500 Max Buffer ETF - April | 1.17% | — | Mar 2025 | CBXL vs PMAP | |
| PGIM S&P 500 Max Buffer ETF - May | 1.18% | — | Apr 2025 | CBXL vs PMMY | |
| iShares Large Cap Max Buffer Mar ETF | 1.42% | — | Mar 2025 | CBXL vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.43% | 18.90M | Apr 2025 | CBXL vs CPSP |
Lowest Drawdown Alternatives to CBXL
Among 220 ETFs in the Defined Outcome category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.34%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | -0.34% | — | Mar 2025 | CBXL vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | -0.35% | — | Mar 2025 | CBXL vs MMAX | |
| PGIM S&P 500 Max Buffer ETF - May | -0.36% | — | Apr 2025 | CBXL vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 18.90M | Apr 2025 | CBXL vs CPSP | |
| FT Vest U.S. Equity Max Buffer ETF - April | -0.38% | — | Apr 2025 | CBXL vs APXM |
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 CBXL
Investors most often compare CBXL with EAPR, TMAR, LJUL. These 6 comparison targets span 1 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 | 84 | 7.71% | 100.91M | Mar 2021 | CBXL vs EAPR | |
| FT Vest Emerging Markets Buffer ETF - March | Defined Outcome | 85 | 10.14% | — | Mar 2025 | CBXL vs TMAR | |
| Innovator Premium Income 15 Buffer ETF - July | Defined Outcome | 97 | 1.87% | — | Jun 2024 | CBXL vs LJUL | |
| Innovator Equity Defined Protection ETF - 1 Yr May | Defined Outcome | 97 | 1.80% | — | May 2025 | CBXL vs ZMAY | |
| Calamos Nasdaq-100 Structured Alt Protection ETF -... | Defined Outcome | 95 | 2.79% | 25.30M | Sep 2024 | CBXL vs CPNS | |
| Calamos S&P 500 Structured Alt Protection ETF - Ju... | Defined Outcome | 94 | 2.58% | 41.40M | Jul 2024 | CBXL vs CPSJ |
Compare CBXL with Any Fund or Stock
Compare CBXL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CBXL with funds that move differently
Calamos Laddered Bitcoin 80 Series Structured Alt Protection ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CBXL.
Explore CBXL Diversifiers