BITS vs. CBOO
BITS (Global X Blockchain & Bitcoin Strategy ETF) and CBOO (Calamos Bitcoin Structured Alt Protection ETF - October) are both exchange-traded funds - BITS is a Cryptocurrency fund tracking the NONE, while CBOO is a Defined Outcome fund actively managed by Calamos. BITS is passively managed, while CBOO is actively managed. Their 0.57 correlation means they have sometimes moved together and sometimes differently. BITS charges 0.65%/yr vs 0.69%/yr for CBOO.
Performance
BITS vs. CBOO - Performance Comparison
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Returns By Period
In the year-to-date period, BITS achieves a -11.24% return, which is significantly lower than CBOO's 0.35% return.
BITS
- 1D
- -3.36%
- 1M
- -0.63%
- 6M
- -14.68%
- YTD
- -11.24%
- 1Y
- -9.04%
- 3Y*
- 31.46%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -2.25%
CBOO
- 1D
- 0.00%
- 1M
- 0.18%
- 6M
- 0.35%
- YTD
- 0.35%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $89.94K | $81.82K | $170.18K | |
| $51.16K | $27.46K | $21.93K |
BITS vs. CBOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BITS Global X Blockchain & Bitcoin Strategy ETF | -11.24% | -30.74% |
CBOO Calamos Bitcoin Structured Alt Protection ETF - October | 0.35% | -1.66% |
Correlation
The correlation between BITS and CBOO is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 7, 2025 | 0.57 |
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Return for Risk
BITS vs. CBOO — Risk / Return Rank
BITS
CBOO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BITS vs. CBOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Blockchain & Bitcoin Strategy ETF (BITS) 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.
| BITS | CBOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.00 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | — | — |
| Martin ratioReturn relative to average drawdown | -0.49 | — | — |
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Drawdowns
BITS vs. CBOO - Drawdown Comparison
The maximum BITS drawdown since its inception was -83.11%, which is greater than CBOO's maximum drawdown of -2.34%. Use the drawdown chart below to compare losses from any high point for BITS and CBOO.
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Drawdown Indicators
| BITS | CBOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.11% | -2.34% | -80.77% |
Max Drawdown (1Y)Largest decline over 1 year | -48.38% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -48.38% | — | — |
Current DrawdownCurrent decline from peak | -41.56% | -1.34% | -40.22% |
Average DrawdownAverage peak-to-trough decline | -42.56% | -1.58% | -40.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.76% | — | — |
Volatility
BITS vs. CBOO - Volatility Comparison
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Volatility by Period
| BITS | CBOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.95% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 40.75% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 54.36% | 1.95% | +52.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.62% | 1.95% | +58.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.62% | 1.95% | +58.67% |
BITS vs. CBOO - Expense Ratio Comparison
BITS has a 0.65% expense ratio, which is lower than CBOO's 0.69% expense ratio.
Dividends
BITS vs. CBOO - Dividend Comparison
BITS's dividend yield for the trailing twelve months is around 25.64%, more than CBOO's 0.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BITS Global X Blockchain & Bitcoin Strategy ETF | 25.64% | 22.80% | 29.49% | 13.69% | 0.48% | 1.90% |
CBOO Calamos Bitcoin Structured Alt Protection ETF - October | 0.57% | 0.57% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BITS and CBOO have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BITS is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BITS is cheaper with a 0.65% expense ratio, compared with 0.69% for CBOO.
BITS has the higher dividend yield at 25.64%, compared with 0.57% for CBOO.
BITS is categorized as Cryptocurrency, while CBOO is Defined Outcome. They also come from different issuers: Global X and Calamos. Their fees differ too: 0.65% for BITS and 0.69% for CBOO.
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