CBOO vs. DOJE

Last updated Aug 5, 2026

CBOO (Calamos Bitcoin Structured Alt Protection ETF - October) and DOJE (REX-Osprey DOGE ETF) are both exchange-traded funds - CBOO is a Defined Outcome fund actively managed by Calamos, while DOJE is a Cryptocurrency fund tracking the Dogecoin (DOGE) spot price. CBOO is actively managed, while DOJE is passively managed. Their 0.60 correlation means they have sometimes moved together and sometimes differently. CBOO charges 0.69%/yr vs 1.50%/yr for DOJE.

Performance

CBOO vs. DOJE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calamos Bitcoin Structured Alt Protection ETF - October (CBOO) and REX-Osprey DOGE ETF (DOJE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CBOO achieves a 0.43% return, which is significantly higher than DOJE's -40.24% return.

CBOO

• 1D: 0.00%
• 1M: 0.27%
• 6M: 0.71%
• YTD: 0.43%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

DOJE

• 1D: 0.29%
• 1M: -5.28%
• 6M: -36.45%
• YTD: -40.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CBOO Calamos Bitcoin Structured Alt Protection ETF - October	$37.37K	$26.33K	$18.92K
DOJE REX-Osprey DOGE ETF	$95.78K	$200.61K	$279.46K

CBOO vs. DOJE - Yearly Performance Comparison

	2026 (YTD)	2025
CBOO Calamos Bitcoin Structured Alt Protection ETF - October	0.43%	-1.66%
DOJE REX-Osprey DOGE ETF	-40.24%	-56.52%

Correlation

The correlation between CBOO and DOJE is 0.60, 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	0.60

Return for Risk

CBOO vs. DOJE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calamos Bitcoin Structured Alt Protection ETF - October (CBOO) and REX-Osprey DOGE ETF (DOJE). 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

CBOO vs. DOJE - Drawdown Comparison

The maximum CBOO drawdown since its inception was -2.34%, smaller than the maximum DOJE drawdown of -75.86%. Use the drawdown chart below to compare losses from any high point for CBOO and DOJE.

Drawdown Indicators

	CBOO	DOJE	Difference
Max Drawdown Largest peak-to-trough decline	-2.34%	-75.86%	+73.52%
Current Drawdown Current decline from peak	-1.26%	-75.41%	+74.15%
Average Drawdown Average peak-to-trough decline	-1.58%	-56.07%	+54.49%

Volatility

Volatility by Period

	CBOO	DOJE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	1.95%	73.78%	-71.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.95%	73.78%	-71.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.95%	73.78%	-71.83%

CBOO vs. DOJE - Expense Ratio Comparison

CBOO has a 0.69% expense ratio, which is lower than DOJE's 1.50% expense ratio.

Dividends

CBOO vs. DOJE - Dividend Comparison

CBOO's dividend yield for the trailing twelve months is around 0.57%, while DOJE has not paid dividends to shareholders.

Position	TTM	2025
CBOO Calamos Bitcoin Structured Alt Protection ETF - October	0.57%	0.57%
DOJE REX-Osprey DOGE ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both CBOO and DOJE in my portfolio?

CBOO and DOJE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CBOO or DOJE?

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.

Which ETF is cheaper, CBOO or DOJE?

CBOO is cheaper with a 0.69% expense ratio, compared with 1.50% for DOJE.

Which ETF pays a higher dividend yield, CBOO or DOJE?

CBOO has the higher dividend yield at 0.57%, compared with 0.00% for DOJE.

What is the main difference between CBOO and DOJE?

CBOO is categorized as Defined Outcome, while DOJE is Cryptocurrency. They also come from different issuers: Calamos and REX-Osprey. Their fees differ too: 0.69% for CBOO and 1.50% for DOJE.