BTCK vs. CBOL

Last updated Jul 8, 2026

BTCK (7RCC Spot Bitcoin and Carbon Credit Futures ETF) and CBOL (Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF) are both exchange-traded funds - BTCK is a Cryptocurrency fund tracking the 7RCC Kaiko Bitcoin Carbon Credit Index, while CBOL is a Defined Outcome fund actively managed by Calamos. BTCK is passively managed, while CBOL is actively managed. At a 0.39 correlation, their price movements are largely independent. BTCK charges 0.44%/yr vs 0.79%/yr for CBOL.

Performance

BTCK vs. CBOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 7RCC Spot Bitcoin and Carbon Credit Futures ETF (BTCK) 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

BTCK

• 1D: 0.99%
• 1M: 1.74%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CBOL

• 1D: 0.00%
• 1M: 0.45%
• 6M: -2.54%
• YTD: -2.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BTCK vs. CBOL - Yearly Performance Comparison

	2026 (YTD)
BTCK 7RCC Spot Bitcoin and Carbon Credit Futures ETF	-5.52%
CBOL Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF	0.02%

Correlation

The correlation between BTCK and CBOL is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 4, 2026	0.39

Return for Risk

BTCK vs. CBOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 7RCC Spot Bitcoin and Carbon Credit Futures ETF (BTCK) 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.

Drawdowns

BTCK vs. CBOL - Drawdown Comparison

The maximum BTCK drawdown since its inception was -8.40%, which is greater than CBOL's maximum drawdown of -5.05%. Use the drawdown chart below to compare losses from any high point for BTCK and CBOL.

Drawdown Indicators

	BTCK	CBOL	Difference
Max Drawdown Largest peak-to-trough decline	-8.40%	-5.05%	-3.35%
Current Drawdown Current decline from peak	-7.15%	-4.62%	-2.53%
Average Drawdown Average peak-to-trough decline	-5.01%	-3.38%	-1.63%

Volatility

Volatility by Period

	BTCK	CBOL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	44.57%	3.75%	+40.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.57%	3.75%	+40.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.57%	3.75%	+40.82%

BTCK vs. CBOL - Expense Ratio Comparison

BTCK has a 0.44% expense ratio, which is lower than CBOL's 0.79% expense ratio.

Dividends

BTCK vs. CBOL - Dividend Comparison

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

Position	TTM	2025
BTCK 7RCC Spot Bitcoin and Carbon Credit Futures ETF	0.00%	0.00%
CBOL Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF	1.83%	1.79%

Frequently Asked Questions

Can I hold both BTCK and CBOL in my portfolio?

BTCK and CBOL have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BTCK or CBOL?

On fees, BTCK is cheaper at 0.44% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BTCK or CBOL?

BTCK is cheaper with a 0.44% expense ratio, compared with 0.79% for CBOL.

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

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

What is the main difference between BTCK and CBOL?

BTCK is categorized as Cryptocurrency, while CBOL is Defined Outcome. They also come from different issuers: 7RCC and Calamos. Their fees differ too: 0.44% for BTCK and 0.79% for CBOL.