CBOL vs. SROI

Last updated Jun 4, 2026

CBOL (Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF) and SROI (Calamos Antetokounmpo Global Sustainable Equities ETF) are both exchange-traded funds - CBOL is a Defined Outcome fund actively managed by Calamos, while SROI is a Global Equities fund actively managed by Calamos. Both are actively managed. At a 0.43 correlation, their price movements are largely independent. CBOL charges 0.79%/yr vs 0.95%/yr for SROI.

Performance

CBOL vs. SROI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF (CBOL) and Calamos Antetokounmpo Global Sustainable Equities ETF (SROI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CBOL achieves a -2.03% return, which is significantly lower than SROI's 11.06% return.

CBOL

• 1D: -0.13%
• 1M: -0.78%
• YTD: -2.03%
• 6M: -2.60%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SROI

• 1D: -0.71%
• 1M: 3.89%
• YTD: 11.06%
• 6M: 11.15%
• 1Y: 20.66%
• 3Y*: 14.52%
• 5Y*: —
• 10Y*: —

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

CBOL vs. SROI - Yearly Performance Comparison

	2026 (YTD)	2025
CBOL Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF	-2.03%	-2.47%
SROI Calamos Antetokounmpo Global Sustainable Equities ETF	11.06%	2.26%

Correlation

The correlation between CBOL and SROI is 0.43, 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 Oct 15, 2025	0.43

Return for Risk

CBOL vs. SROI — Risk / Return Rank

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

SROI

SROI Risk / Return Rank: 46
SROI Sharpe Ratio Rank: 45
SROI Sortino Ratio Rank: 46
SROI Omega Ratio Rank: 44
SROI Calmar Ratio Rank: 42
SROI Martin Ratio Rank: 52

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.

CBOL vs. SROI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF (CBOL) and Calamos Antetokounmpo Global Sustainable Equities ETF (SROI). 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

	CBOL	SROI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.80	1.01	-2.81

Drawdowns

CBOL vs. SROI - Drawdown Comparison

The maximum CBOL drawdown since its inception was -4.91%, smaller than the maximum SROI drawdown of -15.38%. Use the drawdown chart below to compare losses from any high point for CBOL and SROI.

Drawdown Indicators

	CBOL	SROI	Difference
Max Drawdown Largest peak-to-trough decline	-4.91%	-15.38%	+10.47%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.19%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.38%	—
Current Drawdown Current decline from peak	-4.64%	-0.71%	-3.93%
Average Drawdown Average peak-to-trough decline	-3.21%	-2.42%	-0.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.36%	—

Volatility

Volatility by Period

	CBOL	SROI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.86%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.88%	13.38%	-9.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.88%	13.87%	-9.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.88%	13.87%	-9.99%

CBOL vs. SROI - Expense Ratio Comparison

CBOL has a 0.79% expense ratio, which is lower than SROI's 0.95% expense ratio.

Dividends

CBOL vs. SROI - Dividend Comparison

CBOL's dividend yield for the trailing twelve months is around 1.83%, more than SROI's 0.54% yield.

Position	TTM	2025	2024	2023
CBOL Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF	1.83%	1.79%	0.00%	0.00%
SROI Calamos Antetokounmpo Global Sustainable Equities ETF	0.54%	0.60%	0.68%	0.94%

Frequently Asked Questions

Can I hold both CBOL and SROI in my portfolio?

CBOL and SROI have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CBOL or SROI?

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, CBOL or SROI?

CBOL is cheaper with a 0.79% expense ratio, compared with 0.95% for SROI.

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

CBOL has the higher dividend yield at 1.83%, compared with 0.54% for SROI.

What is the main difference between CBOL and SROI?

CBOL is categorized as Defined Outcome, while SROI is Global Equities. Their fees differ too: 0.79% for CBOL and 0.95% for SROI.