CBOL vs. UXJL

Last updated Jun 4, 2026

CBOL (Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF) and UXJL (FT Vest U.S. Equity Uncapped Accelerator ETF - July) are both Defined Outcome funds. Both are actively managed. At a 0.49 correlation, their price movements are largely independent. CBOL charges 0.79%/yr vs 0.85%/yr for UXJL.

Performance

CBOL vs. UXJL - 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 FT Vest U.S. Equity Uncapped Accelerator ETF - July (UXJL). 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 UXJL's 11.78% return.

CBOL

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

UXJL

• 1D: -0.76%
• 1M: 6.02%
• YTD: 11.78%
• 6M: 11.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CBOL vs. UXJL - Yearly Performance Comparison

	2026 (YTD)	2025
CBOL Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF	-2.03%	-2.47%
UXJL FT Vest U.S. Equity Uncapped Accelerator ETF - July	11.78%	3.04%

Correlation

The correlation between CBOL and UXJL is 0.49, 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	0.49

Return for Risk

CBOL vs. UXJL - 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 FT Vest U.S. Equity Uncapped Accelerator ETF - July (UXJL). 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	UXJL	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.80	1.87	-3.67

Drawdowns

CBOL vs. UXJL - Drawdown Comparison

The maximum CBOL drawdown since its inception was -4.91%, smaller than the maximum UXJL drawdown of -10.29%. Use the drawdown chart below to compare losses from any high point for CBOL and UXJL.

Drawdown Indicators

	CBOL	UXJL	Difference
Max Drawdown Largest peak-to-trough decline	-4.91%	-10.29%	+5.38%
Current Drawdown Current decline from peak	-4.64%	-0.76%	-3.88%
Average Drawdown Average peak-to-trough decline	-3.21%	-1.51%	-1.70%

Volatility

Volatility by Period

	CBOL	UXJL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.88%	13.90%	-10.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.88%	13.90%	-10.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.88%	13.90%	-10.02%

CBOL vs. UXJL - Expense Ratio Comparison

CBOL has a 0.79% expense ratio, which is lower than UXJL's 0.85% expense ratio.

Dividends

CBOL vs. UXJL - Dividend Comparison

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

Position	TTM	2025
CBOL Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF	1.83%	1.79%
UXJL FT Vest U.S. Equity Uncapped Accelerator ETF - July	0.00%	0.00%

Frequently Asked Questions

Can I hold both CBOL and UXJL in my portfolio?

CBOL and UXJL have a correlation of 0.49, 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 UXJL?

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 UXJL?

CBOL is cheaper with a 0.79% expense ratio, compared with 0.85% for UXJL.

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

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

What is the main difference between CBOL and UXJL?

They also come from different issuers: Calamos and First Trust. Their fees differ too: 0.79% for CBOL and 0.85% for UXJL.