CBTO vs. DIME

Last updated Aug 1, 2026

CBTO (Calamos Bitcoin 80 Series Structured Alt Protection ETF - October) and DIME (CoinShares Altcoins ETF) are both exchange-traded funds - CBTO is a Defined Outcome fund actively managed by Calamos, while DIME is a Cryptocurrency fund actively managed by CoinShares. Both are actively managed. Their 0.72 correlation means they have sometimes moved together and sometimes differently. CBTO charges 0.69%/yr vs 0.00%/yr for DIME.

Performance

CBTO vs. DIME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calamos Bitcoin 80 Series Structured Alt Protection ETF - October (CBTO) and CoinShares Altcoins ETF (DIME). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CBTO achieves a -8.21% return, which is significantly higher than DIME's -37.93% return.

CBTO

• 1D: 0.02%
• 1M: 0.10%
• 6M: -6.76%
• YTD: -8.21%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

DIME

• 1D: -1.57%
• 1M: -9.23%
• 6M: -31.80%
• YTD: -37.93%
• 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)
CBTO Calamos Bitcoin 80 Series Structured Alt Protection ETF - October	$159.82K	$137.82K	$229.26K
DIME CoinShares Altcoins ETF	$5.00K	$9.84K	$25.05K

CBTO vs. DIME - Yearly Performance Comparison

	2026 (YTD)	2025
CBTO Calamos Bitcoin 80 Series Structured Alt Protection ETF - October	-8.21%	-13.82%
DIME CoinShares Altcoins ETF	-37.93%	-58.28%

Correlation

The correlation between CBTO and DIME is 0.72, 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	0.72

Return for Risk

CBTO vs. DIME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calamos Bitcoin 80 Series Structured Alt Protection ETF - October (CBTO) and CoinShares Altcoins ETF (DIME). 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

CBTO vs. DIME - Drawdown Comparison

The maximum CBTO drawdown since its inception was -21.27%, smaller than the maximum DIME drawdown of -74.46%. Use the drawdown chart below to compare losses from any high point for CBTO and DIME.

Drawdown Indicators

	CBTO	DIME	Difference
Max Drawdown Largest peak-to-trough decline	-21.27%	-74.46%	+53.19%
Current Drawdown Current decline from peak	-21.06%	-74.10%	+53.04%
Average Drawdown Average peak-to-trough decline	-16.07%	-60.24%	+44.17%

Volatility

Volatility by Period

	CBTO	DIME	Difference
Volatility (1Y) Calculated over the trailing 1-year period	11.56%	74.70%	-63.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.56%	74.70%	-63.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.56%	74.70%	-63.14%

CBTO vs. DIME - Expense Ratio Comparison

CBTO has a 0.69% expense ratio, which is higher than DIME's 0.00% expense ratio.

Dividends

CBTO vs. DIME - Dividend Comparison

CBTO's dividend yield for the trailing twelve months is around 0.24%, while DIME has not paid dividends to shareholders.

Position	TTM	2025
CBTO Calamos Bitcoin 80 Series Structured Alt Protection ETF - October	0.24%	0.22%
DIME CoinShares Altcoins ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both CBTO and DIME in my portfolio?

CBTO and DIME have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CBTO or DIME?

On fees, DIME is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CBTO or DIME?

DIME is cheaper with a 0.00% expense ratio, compared with 0.69% for CBTO.

Which ETF pays a higher dividend yield, CBTO or DIME?

CBTO has the higher dividend yield at 0.24%, compared with 0.00% for DIME.

What is the main difference between CBTO and DIME?

CBTO is categorized as Defined Outcome, while DIME is Cryptocurrency. They also come from different issuers: Calamos and CoinShares. Their fees differ too: 0.69% for CBTO and 0.00% for DIME.