CBOO vs. DFII
CBOO (Calamos Bitcoin Structured Alt Protection ETF - October) and DFII (FT Vest Bitcoin Strategy & Target Income ETF) are both exchange-traded funds - CBOO is a Defined Outcome fund actively managed by Calamos, while DFII is a Cryptocurrency fund actively managed by First Trust. Both are actively managed. Their 0.69 correlation means they have sometimes moved together and sometimes differently. CBOO charges 0.69%/yr vs 0.85%/yr for DFII.
Performance
CBOO vs. DFII - Performance Comparison
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Returns By Period
In the year-to-date period, CBOO achieves a 0.43% return, which is significantly higher than DFII's -25.83% return.
CBOO
- 1D
- 0.00%
- 1M
- 0.27%
- 6M
- 0.71%
- YTD
- 0.43%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
DFII
- 1D
- 0.65%
- 1M
- 4.84%
- 6M
- -14.84%
- YTD
- -25.83%
- 1Y
- -42.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -16.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $37.37K | $26.33K | $18.92K | |
| $88.54K | $86.04K | $139.32K |
CBOO vs. DFII - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CBOO Calamos Bitcoin Structured Alt Protection ETF - October | 0.43% | -1.66% |
DFII FT Vest Bitcoin Strategy & Target Income ETF | -25.83% | -28.14% |
Correlation
The correlation between CBOO and DFII is 0.69, 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 | 0.69 |
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Return for Risk
CBOO vs. DFII — Risk / Return Rank
CBOO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DFII
CBOO vs. DFII - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Bitcoin Structured Alt Protection ETF - October (CBOO) and FT Vest Bitcoin Strategy & Target Income ETF (DFII). 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.
| CBOO | DFII | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.83 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.84 | — |
| Martin ratioReturn relative to average drawdown | — | -1.28 | — |
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Drawdowns
CBOO vs. DFII - Drawdown Comparison
The maximum CBOO drawdown since its inception was -2.34%, smaller than the maximum DFII drawdown of -51.04%. Use the drawdown chart below to compare losses from any high point for CBOO and DFII.
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Drawdown Indicators
| CBOO | DFII | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.34% | -51.04% | +48.70% |
Max Drawdown (1Y)Largest decline over 1 year | — | -51.04% | — |
Current DrawdownCurrent decline from peak | -1.26% | -46.70% | +45.44% |
Average DrawdownAverage peak-to-trough decline | -1.58% | -22.56% | +20.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 33.33% | — |
Volatility
CBOO vs. DFII - Volatility Comparison
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Volatility by Period
| CBOO | DFII | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.42% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 31.79% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.95% | 42.14% | -40.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.95% | 40.25% | -38.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.95% | 40.25% | -38.30% |
CBOO vs. DFII - Expense Ratio Comparison
CBOO has a 0.69% expense ratio, which is lower than DFII's 0.85% expense ratio.
Dividends
CBOO vs. DFII - Dividend Comparison
CBOO's dividend yield for the trailing twelve months is around 0.57%, less than DFII's 25.71% yield.
| Position | TTM | 2025 |
|---|---|---|
CBOO Calamos Bitcoin Structured Alt Protection ETF - October | 0.57% | 0.57% |
DFII FT Vest Bitcoin Strategy & Target Income ETF | 25.71% | 15.51% |
Frequently Asked Questions
CBOO and DFII have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBOO is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBOO is cheaper with a 0.69% expense ratio, compared with 0.85% for DFII.
DFII has the higher dividend yield at 25.71%, compared with 0.57% for CBOO.
CBOO is categorized as Defined Outcome, while DFII is Cryptocurrency. They also come from different issuers: Calamos and First Trust. Their fees differ too: 0.69% for CBOO and 0.85% for DFII.
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