CBTJ vs. TKNQ

Last updated Jul 16, 2026

CBTJ (Calamos Bitcoin 80 Series Structured Alt Protection ETF - January) and TKNQ (Amplify Tokenization Technology Leaders ETF) are both Blockchain funds. Their correlation of 0.81 suggests significant overlap in exposure.

Performance

CBTJ vs. TKNQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calamos Bitcoin 80 Series Structured Alt Protection ETF - January (CBTJ) and Amplify Tokenization Technology Leaders ETF (TKNQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CBTJ achieves a -18.01% return, which is significantly lower than TKNQ's -7.68% return.

CBTJ

• 1D: 0.26%
• 1M: -1.88%
• 6M: -26.05%
• YTD: -18.01%
• 1Y: -36.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TKNQ

• 1D: 1.44%
• 1M: 1.37%
• 6M: -12.90%
• YTD: -7.68%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CBTJ vs. TKNQ - Yearly Performance Comparison

	2026 (YTD)	2025
CBTJ Calamos Bitcoin 80 Series Structured Alt Protection ETF - January	-18.01%	-1.88%
TKNQ Amplify Tokenization Technology Leaders ETF	-7.68%	-1.55%

Correlation

The correlation between CBTJ and TKNQ is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 23, 2025	0.81

Return for Risk

CBTJ vs. TKNQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CBTJ

CBTJ Risk / Return Rank: 1
CBTJ Sharpe Ratio Rank: 0
CBTJ Sortino Ratio Rank: 0
CBTJ Omega Ratio Rank: 1
CBTJ Calmar Ratio Rank: 2
CBTJ Martin Ratio Rank: 2

TKNQ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CBTJ vs. TKNQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calamos Bitcoin 80 Series Structured Alt Protection ETF - January (CBTJ) and Amplify Tokenization Technology Leaders ETF (TKNQ). 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.

	CBTJ	TKNQ	Difference
Sharpe ratio: Return per unit of total volatility	-1.37	—	—
Sortino ratio: Return per unit of downside risk	-2.03	—	—
Omega ratio: Gain probability vs. loss probability	0.77	—	—
Calmar ratio: Return relative to maximum drawdown	-0.86	—	—
Martin ratio: Return relative to average drawdown	-1.34	—	—

Drawdowns

CBTJ vs. TKNQ - Drawdown Comparison

The maximum CBTJ drawdown since its inception was -42.41%, which is greater than TKNQ's maximum drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for CBTJ and TKNQ.

Drawdown Indicators

	CBTJ	TKNQ	Difference
Max Drawdown Largest peak-to-trough decline	-42.41%	-21.83%	-20.58%
Max Drawdown (1Y) Largest decline over 1 year	-42.41%	—	—
Current Drawdown Current decline from peak	-40.16%	-14.04%	-26.12%
Average Drawdown Average peak-to-trough decline	-17.07%	-12.86%	-4.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.24%	—	—

Volatility

Volatility by Period

	CBTJ	TKNQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.65%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.27%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	26.73%	28.96%	-2.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.01%	28.96%	-3.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.01%	28.96%	-3.95%

Dividends

CBTJ vs. TKNQ - Dividend Comparison

CBTJ's dividend yield for the trailing twelve months is around 1.77%, while TKNQ has not paid dividends to shareholders.

Position	TTM	2025
CBTJ Calamos Bitcoin 80 Series Structured Alt Protection ETF - January	1.77%	1.45%
TKNQ Amplify Tokenization Technology Leaders ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both CBTJ and TKNQ in my portfolio?

CBTJ and TKNQ have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, CBTJ or TKNQ?

CBTJ has the higher dividend yield at 1.77%, compared with 0.00% for TKNQ.

What is the main difference between CBTJ and TKNQ?

They also come from different issuers: Calamos and Amplify.