BCCC vs. CBOO

Last updated Jun 23, 2026

BCCC (Global X Bitcoin Covered Call ETF) and CBOO (Calamos Bitcoin Structured Alt Protection ETF - October) are both exchange-traded funds - BCCC is a Cryptocurrency fund actively managed by Global X, while CBOO is a Defined Outcome fund actively managed by Calamos. Both are actively managed. A 0.71 correlation means they provide meaningful diversification when combined. BCCC charges 0.75%/yr vs 0.69%/yr for CBOO.

Performance

BCCC vs. CBOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Bitcoin Covered Call ETF (BCCC) and Calamos Bitcoin Structured Alt Protection ETF - October (CBOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BCCC achieves a -22.13% return, which is significantly lower than CBOO's 0.06% return.

BCCC

• 1D: 1.83%
• 1M: -13.01%
• YTD: -22.13%
• 6M: -21.74%
• 1Y: -27.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CBOO

• 1D: 0.08%
• 1M: 0.12%
• YTD: 0.06%
• 6M: -0.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BCCC vs. CBOO - Yearly Performance Comparison

	2026 (YTD)	2025
BCCC Global X Bitcoin Covered Call ETF	-22.13%	-20.08%
CBOO Calamos Bitcoin Structured Alt Protection ETF - October	0.06%	-1.66%

Correlation

The correlation between BCCC and CBOO is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 7, 2025	0.71

Return for Risk

BCCC vs. CBOO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BCCC

BCCC Risk / Return Rank: 3
BCCC Sharpe Ratio Rank: 3
BCCC Sortino Ratio Rank: 3
BCCC Omega Ratio Rank: 3
BCCC Calmar Ratio Rank: 3
BCCC Martin Ratio Rank: 3

CBOO

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BCCC vs. CBOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Bitcoin Covered Call ETF (BCCC) and Calamos Bitcoin Structured Alt Protection ETF - October (CBOO). 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.

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.

	BCCC	CBOO	Difference
Sharpe ratio: Return per unit of total volatility	-0.78	—	—
Sortino ratio: Return per unit of downside risk	-0.95	—	—
Omega ratio: Gain probability vs. loss probability	0.88	—	—
Calmar ratio: Return relative to maximum drawdown	-0.66	—	—
Martin ratio: Return relative to average drawdown	-1.21	—	—

Drawdowns

BCCC vs. CBOO - Drawdown Comparison

The maximum BCCC drawdown since its inception was -41.63%, which is greater than CBOO's maximum drawdown of -2.34%. Use the drawdown chart below to compare losses from any high point for BCCC and CBOO.

Drawdown Indicators

	BCCC	CBOO	Difference
Max Drawdown Largest peak-to-trough decline	-41.63%	-2.34%	-39.29%
Max Drawdown (1Y) Largest decline over 1 year	-41.63%	—	—
Current Drawdown Current decline from peak	-37.76%	-1.62%	-36.14%
Average Drawdown Average peak-to-trough decline	-17.79%	-1.60%	-16.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.73%	—	—

Volatility

Volatility by Period

	BCCC	CBOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.69%	—	—
Volatility (6M) Calculated over the trailing 6-month period	28.96%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	35.36%	2.07%	+33.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.08%	2.07%	+33.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.08%	2.07%	+33.01%

BCCC vs. CBOO - Expense Ratio Comparison

BCCC has a 0.75% expense ratio, which is higher than CBOO's 0.69% expense ratio.

Dividends

BCCC vs. CBOO - Dividend Comparison

BCCC's dividend yield for the trailing twelve months is around 64.45%, more than CBOO's 0.57% yield.

Position	TTM	2025
BCCC Global X Bitcoin Covered Call ETF	64.45%	29.55%
CBOO Calamos Bitcoin Structured Alt Protection ETF - October	0.57%	0.57%

Frequently Asked Questions

Can I hold both BCCC and CBOO in my portfolio?

BCCC and CBOO have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BCCC or CBOO?

On fees, CBOO is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BCCC or CBOO?

CBOO is cheaper with a 0.69% expense ratio, compared with 0.75% for BCCC.

Which ETF pays a higher dividend yield, BCCC or CBOO?

BCCC has the higher dividend yield at 64.45%, compared with 0.57% for CBOO.

What is the main difference between BCCC and CBOO?

BCCC is categorized as Cryptocurrency, while CBOO is Defined Outcome. They also come from different issuers: Global X and Calamos. Their fees differ too: 0.75% for BCCC and 0.69% for CBOO.