ARKY vs. CBOL

Last updated Jun 5, 2026

ARKY (ARK 21Shares Active Bitcoin Ethereum Strategy ETF) and CBOL (Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF) are both exchange-traded funds - ARKY is a Cryptocurrency fund actively managed by ARK, while CBOL is a Defined Outcome fund actively managed by Calamos. Both are actively managed. ARKY charges 1.00%/yr vs 0.79%/yr for CBOL.

Performance

ARKY vs. CBOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) and Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF (CBOL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ARKY

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CBOL

• 1D: -0.08%
• 1M: -0.97%
• YTD: -2.11%
• 6M: -2.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ARKY vs. CBOL - Yearly Performance Comparison

	2026 (YTD)
ARKY ARK 21Shares Active Bitcoin Ethereum Strategy ETF	0.00%
CBOL Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF	-0.51%

Return for Risk

ARKY vs. CBOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) and Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF (CBOL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ARKY	CBOL	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	-1.83	—

Drawdowns

ARKY vs. CBOL - Drawdown Comparison

The maximum ARKY drawdown since its inception was 0.00%, smaller than the maximum CBOL drawdown of -4.91%. Use the drawdown chart below to compare losses from any high point for ARKY and CBOL.

Drawdown Indicators

	ARKY	CBOL	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-4.91%	+4.91%
Current Drawdown Current decline from peak	0.00%	-4.72%	+4.72%
Average Drawdown Average peak-to-trough decline	0.00%	-3.22%	+3.22%

Volatility

Volatility by Period

	ARKY	CBOL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	3.87%	-3.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	3.87%	-3.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	3.87%	-3.87%

ARKY vs. CBOL - Expense Ratio Comparison

ARKY has a 1.00% expense ratio, which is higher than CBOL's 0.79% expense ratio.

Dividends

ARKY vs. CBOL - Dividend Comparison

ARKY has not paid dividends to shareholders, while CBOL's dividend yield for the trailing twelve months is around 1.83%.

Position	TTM	2025
ARKY ARK 21Shares Active Bitcoin Ethereum Strategy ETF	0.00%	0.00%
CBOL Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF	1.83%	1.79%

Frequently Asked Questions

Which ETF is better, ARKY or CBOL?

On fees, CBOL is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ARKY or CBOL?

CBOL is cheaper with a 0.79% expense ratio, compared with 1.00% for ARKY.

Which ETF pays a higher dividend yield, ARKY or CBOL?

CBOL has the higher dividend yield at 1.83%, compared with 0.00% for ARKY.

What is the main difference between ARKY and CBOL?

ARKY is categorized as Cryptocurrency, while CBOL is Defined Outcome. They also come from different issuers: ARK and Calamos. Their fees differ too: 1.00% for ARKY and 0.79% for CBOL.