CBXJ vs. XRPZ
CBXJ (Calamos Bitcoin 90 Series Structured Alt Protection ETF - January) and XRPZ (Franklin XRP ETF) are both Blockchain funds. CBXJ is actively managed, while XRPZ is passively managed. Their correlation of 0.86 means they have usually moved in the same direction. CBXJ charges 0.69%/yr vs 0.19%/yr for XRPZ.
Performance
CBXJ vs. XRPZ - Performance Comparison
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Returns By Period
In the year-to-date period, CBXJ achieves a -11.74% return, which is significantly higher than XRPZ's -41.03% return.
CBXJ
- 1D
- 0.12%
- 1M
- 0.20%
- 6M
- -5.66%
- YTD
- -11.74%
- 1Y
- -25.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -12.78%
XRPZ
- 1D
- 0.17%
- 1M
- -0.34%
- 6M
- -33.18%
- YTD
- -41.03%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $119.44K | $120.51K | $144.64K | |
XRPZ Franklin XRP ETF | $2.25M | $2.57M | $3.39M |
CBXJ vs. XRPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CBXJ Calamos Bitcoin 90 Series Structured Alt Protection ETF - January | -11.74% | -2.74% |
XRPZ Franklin XRP ETF | -41.03% | -11.90% |
Correlation
The correlation between CBXJ and XRPZ is 0.86, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 24, 2025 | 0.86 |
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Return for Risk
CBXJ vs. XRPZ — Risk / Return Rank
CBXJ
XRPZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CBXJ vs. XRPZ - 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 Franklin XRP ETF (XRPZ). 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 | XRPZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.76 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | — | — |
| Martin ratioReturn relative to average drawdown | -1.23 | — | — |
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Drawdowns
CBXJ vs. XRPZ - Drawdown Comparison
The maximum CBXJ drawdown since its inception was -30.16%, smaller than the maximum XRPZ drawdown of -55.39%. Use the drawdown chart below to compare losses from any high point for CBXJ and XRPZ.
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Drawdown Indicators
| CBXJ | XRPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.16% | -55.39% | +25.23% |
Max Drawdown (1Y)Largest decline over 1 year | -30.16% | — | — |
Current DrawdownCurrent decline from peak | -29.31% | -53.32% | +24.01% |
Average DrawdownAverage peak-to-trough decline | -12.71% | -35.33% | +22.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.81% | — | — |
Volatility
CBXJ vs. XRPZ - Volatility Comparison
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Volatility by Period
| CBXJ | XRPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.14% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.96% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.34% | 69.03% | -51.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.97% | 69.03% | -53.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.97% | 69.03% | -53.06% |
CBXJ vs. XRPZ - Expense Ratio Comparison
CBXJ has a 0.69% expense ratio, which is higher than XRPZ's 0.19% expense ratio.
Dividends
CBXJ vs. XRPZ - Dividend Comparison
CBXJ's dividend yield for the trailing twelve months is around 2.23%, while XRPZ has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
CBXJ Calamos Bitcoin 90 Series Structured Alt Protection ETF - January | 2.23% | 1.97% |
XRPZ Franklin XRP ETF | 0.00% | 0.00% |
Frequently Asked Questions
CBXJ and XRPZ have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XRPZ is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XRPZ is cheaper with a 0.19% expense ratio, compared with 0.69% for CBXJ.
CBXJ has the higher dividend yield at 2.23%, compared with 0.00% for XRPZ.
They also come from different issuers: Calamos and Franklin. Their fees differ too: 0.69% for CBXJ and 0.19% for XRPZ.
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