BFJA vs. CBOL
BFJA (FT Vest Bitcoin Strategy Floor15 ETF - January) and CBOL (Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.91 means they have usually moved in the same direction. BFJA charges 0.90%/yr vs 0.79%/yr for CBOL.
Performance
BFJA vs. CBOL - Performance Comparison
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Returns By Period
BFJA
- 1D
- 0.09%
- 1M
- -0.09%
- 6M
- -8.36%
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
CBOL
- 1D
- 0.04%
- 1M
- 0.34%
- 6M
- -0.55%
- YTD
- -1.78%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $278.70 | $434.88 | $1.70K | |
| $23.76K | $29.60K | $17.43K |
BFJA vs. CBOL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BFJA FT Vest Bitcoin Strategy Floor15 ETF - January | -13.87% |
CBOL Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF | -2.06% |
Correlation
The correlation between BFJA and CBOL is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 12, 2026 | 0.91 |
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Return for Risk
BFJA vs. CBOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Bitcoin Strategy Floor15 ETF - January (BFJA) 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.
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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
BFJA vs. CBOL - Drawdown Comparison
The maximum BFJA drawdown since its inception was -16.74%, which is greater than CBOL's maximum drawdown of -5.05%. Use the drawdown chart below to compare losses from any high point for BFJA and CBOL.
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Drawdown Indicators
| BFJA | CBOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.74% | -5.05% | -11.69% |
Current DrawdownCurrent decline from peak | -15.93% | -4.40% | -11.53% |
Average DrawdownAverage peak-to-trough decline | -10.57% | -3.49% | -7.08% |
Volatility
BFJA vs. CBOL - Volatility Comparison
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Volatility by Period
| BFJA | CBOL | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 13.86% | 3.64% | +10.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.86% | 3.64% | +10.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.86% | 3.64% | +10.22% |
BFJA vs. CBOL - Expense Ratio Comparison
BFJA has a 0.90% expense ratio, which is higher than CBOL's 0.79% expense ratio.
Dividends
BFJA vs. CBOL - Dividend Comparison
BFJA has not paid dividends to shareholders, while CBOL's dividend yield for the trailing twelve months is around 1.82%.
| Position | TTM | 2025 |
|---|---|---|
BFJA FT Vest Bitcoin Strategy Floor15 ETF - January | 0.00% | 0.00% |
CBOL Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF | 1.82% | 1.79% |
Frequently Asked Questions
With a correlation of 0.91, BFJA and CBOL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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.
CBOL is cheaper with a 0.79% expense ratio, compared with 0.90% for BFJA.
CBOL has the higher dividend yield at 1.82%, compared with 0.00% for BFJA.
They also come from different issuers: First Trust and Calamos. Their fees differ too: 0.90% for BFJA and 0.79% for CBOL.
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