CBOX vs. IWMY
CBOX (Calamos Tax-Aware Collateral ETF) and IWMY (Defiance R2000 Weekly Distribution ETF) are both Options Trading funds. Both are actively managed. Their 0.00 correlation means their historical movements had little consistent relationship. CBOX charges 0.14%/yr vs 1.05%/yr for IWMY.
Performance
CBOX vs. IWMY - Performance Comparison
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Returns By Period
CBOX
- 1D
- 0.00%
- 1M
- 0.40%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
IWMY
- 1D
- -0.41%
- 1M
- -2.44%
- 6M
- 9.10%
- YTD
- 13.35%
- 1Y
- 18.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.89M | $8.89M | $7.14M | |
| $636.13K | $744.03K | $1.04M |
CBOX vs. IWMY - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
CBOX Calamos Tax-Aware Collateral ETF | 1.12% |
IWMY Defiance R2000 Weekly Distribution ETF | 6.71% |
Correlation
The correlation between CBOX and IWMY is 0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 17, 2026 | 0.00 |
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Return for Risk
CBOX vs. IWMY — Risk / Return Rank
CBOX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IWMY
CBOX vs. IWMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Tax-Aware Collateral ETF (CBOX) and Defiance R2000 Weekly Distribution ETF (IWMY). 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.
| CBOX | IWMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.20 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.58 | — |
| Martin ratioReturn relative to average drawdown | — | 5.12 | — |
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Drawdowns
CBOX vs. IWMY - Drawdown Comparison
The maximum CBOX drawdown since its inception was -2.90%, smaller than the maximum IWMY drawdown of -18.72%. Use the drawdown chart below to compare losses from any high point for CBOX and IWMY.
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Drawdown Indicators
| CBOX | IWMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.90% | -18.72% | +15.82% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.57% | — |
Current DrawdownCurrent decline from peak | -2.30% | -2.64% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -1.47% | -2.88% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.56% | — |
Volatility
CBOX vs. IWMY - Volatility Comparison
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Volatility by Period
| CBOX | IWMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.40% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.46% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.83% | 16.30% | -8.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.83% | 15.78% | -7.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.83% | 15.78% | -7.95% |
CBOX vs. IWMY - Expense Ratio Comparison
CBOX has a 0.14% expense ratio, which is lower than IWMY's 1.05% expense ratio.
Dividends
CBOX vs. IWMY - Dividend Comparison
CBOX has not paid dividends to shareholders, while IWMY's dividend yield for the trailing twelve months is around 41.85%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CBOX Calamos Tax-Aware Collateral ETF | 0.00% | 0.00% | 0.00% | 0.00% |
IWMY Defiance R2000 Weekly Distribution ETF | 41.85% | 63.33% | 107.92% | 11.34% |
Frequently Asked Questions
CBOX and IWMY have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBOX is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBOX is cheaper with a 0.14% expense ratio, compared with 1.05% for IWMY.
IWMY has the higher dividend yield at 41.85%, compared with 0.00% for CBOX.
They also come from different issuers: Calamos and Defiance. Their fees differ too: 0.14% for CBOX and 1.05% for IWMY.
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