CBXJ vs. FDIG
CBXJ (Calamos Bitcoin 90 Series Structured Alt Protection ETF - January) and FDIG (Fidelity Crypto Industry and Digital Payments ETF) are both Blockchain funds. CBXJ is actively managed, while FDIG is passively managed. Over the past year, CBXJ returned -25.69% vs 18.84% for FDIG. Their 0.65 correlation means they have sometimes moved together and sometimes differently. CBXJ charges 0.69%/yr vs 0.39%/yr for FDIG.
Performance
CBXJ vs. FDIG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CBXJ achieves a -11.85% return, which is significantly lower than FDIG's 10.72% return.
CBXJ
- 1D
- 0.30%
- 1M
- 0.08%
- 6M
- -5.78%
- YTD
- -11.85%
- 1Y
- -25.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -12.87%
FDIG
- 1D
- 1.18%
- 1M
- 1.96%
- 6M
- 12.26%
- YTD
- 10.72%
- 1Y
- 18.84%
- 3Y*
- 26.83%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $116.24K | $123.69K | $145.65K | |
| $1.02M | $1.11M | $1.86M |
CBXJ vs. FDIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CBXJ Calamos Bitcoin 90 Series Structured Alt Protection ETF - January | -11.85% | -7.64% |
FDIG Fidelity Crypto Industry and Digital Payments ETF | 10.72% | 13.72% |
Correlation
The correlation between CBXJ and FDIG is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2025 | 0.65 |
The correlation between CBXJ and FDIG has been stable across timeframes, ranging from 0.65 to 0.65 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CBXJ vs. FDIG — Risk / Return Rank
CBXJ
FDIG
CBXJ vs. FDIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Bitcoin 90 Series Structured Alt Protection ETF - January (CBXJ) and Fidelity Crypto Industry and Digital Payments ETF (FDIG). 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.
| CBXJ | FDIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.92 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.10 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 0.41 | -1.24 |
| Martin ratioReturn relative to average drawdown | -1.21 | 0.72 | -1.93 |
Loading charts...
Drawdowns
CBXJ vs. FDIG - Drawdown Comparison
The maximum CBXJ drawdown since its inception was -30.16%, smaller than the maximum FDIG drawdown of -61.35%. Use the drawdown chart below to compare losses from any high point for CBXJ and FDIG.
Loading charts...
Drawdown Indicators
| CBXJ | FDIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.16% | -61.35% | +31.19% |
Max Drawdown (1Y)Largest decline over 1 year | -30.16% | -46.69% | +16.53% |
Max Drawdown (3Y)Largest decline over 3 years | — | -49.66% | — |
Current DrawdownCurrent decline from peak | -29.40% | -26.67% | -2.73% |
Average DrawdownAverage peak-to-trough decline | -12.66% | -27.49% | +14.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.73% | 26.33% | -5.60% |
Volatility
CBXJ vs. FDIG - Volatility Comparison
The current volatility for Calamos Bitcoin 90 Series Structured Alt Protection ETF - January (CBXJ) is 2.27%, while Fidelity Crypto Industry and Digital Payments ETF (FDIG) has a volatility of 13.98%. This indicates that CBXJ experiences smaller price fluctuations and is considered to be less risky than FDIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CBXJ | FDIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.27% | 13.98% | -11.71% |
Volatility (6M)Calculated over the trailing 6-month period | 8.27% | 37.09% | -28.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.37% | 50.98% | -33.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.99% | 60.54% | -44.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.99% | 60.54% | -44.55% |
CBXJ vs. FDIG - Expense Ratio Comparison
CBXJ has a 0.69% expense ratio, which is higher than FDIG's 0.39% expense ratio.
Dividends
CBXJ vs. FDIG - Dividend Comparison
CBXJ's dividend yield for the trailing twelve months is around 2.23%, more than FDIG's 1.47% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CBXJ Calamos Bitcoin 90 Series Structured Alt Protection ETF - January | 2.23% | 1.97% | 0.00% | 0.00% |
FDIG Fidelity Crypto Industry and Digital Payments ETF | 1.47% | 1.14% | 1.17% | 0.18% |
Frequently Asked Questions
CBXJ and FDIG have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDIG has higher volatility (13.98%) compared to CBXJ (2.27%). In terms of maximum drawdown, CBXJ dropped -30.16% vs FDIG's -61.35%.
On 1-year performance, FDIG leads with 18.84% vs -25.69% for CBXJ. On fees, FDIG is cheaper at 0.39% per year. On volatility, CBXJ has been the lower-risk option at 2.27%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FDIG has performed better with a 18.84% return vs -25.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDIG is cheaper with a 0.39% expense ratio, compared with 0.69% for CBXJ.
CBXJ has the higher dividend yield at 2.23%, compared with 1.47% for FDIG.
They also come from different issuers: Calamos and Fidelity. Their fees differ too: 0.69% for CBXJ and 0.39% for FDIG.
FDIG currently has the higher Sharpe Ratio (0.37 vs -1.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for CBXJ and FDIG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer