CBOO vs. NVDO
CBOO (Calamos Bitcoin Structured Alt Protection ETF - October) and NVDO (Leverage Shares 2x Capped Accelerated NVDA Monthly ETF) are both Defined Outcome funds. Both are actively managed. At a 0.22 correlation, their price movements are largely independent. CBOO charges 0.69%/yr vs 0.77%/yr for NVDO.
Performance
CBOO vs. NVDO - Performance Comparison
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Returns By Period
In the year-to-date period, CBOO achieves a -0.04% return, which is significantly lower than NVDO's 18.85% return.
CBOO
- 1D
- -0.04%
- 1M
- -0.00%
- YTD
- -0.04%
- 6M
- -0.22%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVDO
- 1D
- -2.46%
- 1M
- 14.15%
- YTD
- 18.85%
- 6M
- 29.58%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CBOO vs. NVDO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CBOO Calamos Bitcoin Structured Alt Protection ETF - October | -0.04% | -1.62% |
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF | 18.85% | 6.93% |
Correlation
The correlation between CBOO and NVDO is 0.22, 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 8, 2025 | 0.22 |
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Return for Risk
CBOO vs. NVDO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Bitcoin Structured Alt Protection ETF - October (CBOO) and Leverage Shares 2x Capped Accelerated NVDA Monthly ETF (NVDO). 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.
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Sharpe Ratios by Period
| CBOO | NVDO | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | -1.19 | 1.30 | -2.49 |
Drawdowns
CBOO vs. NVDO - Drawdown Comparison
The maximum CBOO drawdown since its inception was -2.34%, smaller than the maximum NVDO drawdown of -16.25%. Use the drawdown chart below to compare losses from any high point for CBOO and NVDO.
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Drawdown Indicators
| CBOO | NVDO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.34% | -16.25% | +13.91% |
Current DrawdownCurrent decline from peak | -1.72% | -2.68% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -1.61% | -4.99% | +3.38% |
Volatility
CBOO vs. NVDO - Volatility Comparison
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Volatility by Period
| CBOO | NVDO | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 2.14% | 31.93% | -29.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.14% | 31.93% | -29.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.14% | 31.93% | -29.79% |
CBOO vs. NVDO - Expense Ratio Comparison
CBOO has a 0.69% expense ratio, which is lower than NVDO's 0.77% expense ratio.
Dividends
CBOO vs. NVDO - Dividend Comparison
CBOO's dividend yield for the trailing twelve months is around 0.57%, less than NVDO's 14.02% yield.
| Position | TTM | 2025 |
|---|---|---|
CBOO Calamos Bitcoin Structured Alt Protection ETF - October | 0.57% | 0.57% |
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF | 14.02% | 16.66% |
Frequently Asked Questions
CBOO and NVDO have a correlation of 0.22, 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 0.77% for NVDO.
NVDO has the higher dividend yield at 14.02%, compared with 0.57% for CBOO.
They also come from different issuers: Calamos and Leverage Shares. Their fees differ too: 0.69% for CBOO and 0.77% for NVDO.
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