CBXO vs. ETTY

Last updated Jun 4, 2026

CBXO (Calamos Bitcoin 90 Series Structured Alt Protection ETF - October) and ETTY (Amplify Ethereum 3% Monthly Option Income ETF) are both exchange-traded funds - CBXO is a Defined Outcome fund actively managed by Calamos, while ETTY is a Cryptocurrency fund actively managed by Amplify. Both are actively managed. A 0.79 correlation means they provide meaningful diversification when combined. CBXO charges 0.69%/yr vs 0.75%/yr for ETTY.

Performance

CBXO vs. ETTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calamos Bitcoin 90 Series Structured Alt Protection ETF - October (CBXO) and Amplify Ethereum 3% Monthly Option Income ETF (ETTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CBXO achieves a -3.67% return, which is significantly higher than ETTY's -37.70% return.

CBXO

• 1D: -0.03%
• 1M: -0.92%
• YTD: -3.67%
• 6M: -5.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETTY

• 1D: -6.19%
• 1M: -25.01%
• YTD: -37.70%
• 6M: -37.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CBXO vs. ETTY - Yearly Performance Comparison

	2026 (YTD)	2025
CBXO Calamos Bitcoin 90 Series Structured Alt Protection ETF - October	-3.67%	-7.52%
ETTY Amplify Ethereum 3% Monthly Option Income ETF	-37.70%	-27.81%

Correlation

The correlation between CBXO and ETTY is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 10, 2025	0.79

Return for Risk

CBXO vs. ETTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calamos Bitcoin 90 Series Structured Alt Protection ETF - October (CBXO) and Amplify Ethereum 3% Monthly Option Income ETF (ETTY). 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.

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

Sharpe Ratios by Period

	CBXO	ETTY	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-2.36	-1.14	-1.22

Drawdowns

CBXO vs. ETTY - Drawdown Comparison

The maximum CBXO drawdown since its inception was -11.40%, smaller than the maximum ETTY drawdown of -55.03%. Use the drawdown chart below to compare losses from any high point for CBXO and ETTY.

Drawdown Indicators

	CBXO	ETTY	Difference
Max Drawdown Largest peak-to-trough decline	-11.40%	-55.03%	+43.63%
Current Drawdown Current decline from peak	-11.40%	-55.03%	+43.63%
Average Drawdown Average peak-to-trough decline	-8.46%	-34.79%	+26.33%

Volatility

Volatility by Period

	CBXO	ETTY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	7.23%	62.79%	-55.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.23%	62.79%	-55.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.23%	62.79%	-55.56%

CBXO vs. ETTY - Expense Ratio Comparison

CBXO has a 0.69% expense ratio, which is lower than ETTY's 0.75% expense ratio.

Dividends

CBXO vs. ETTY - Dividend Comparison

CBXO's dividend yield for the trailing twelve months is around 0.53%, less than ETTY's 32.69% yield.

Position	TTM	2025
CBXO Calamos Bitcoin 90 Series Structured Alt Protection ETF - October	0.53%	0.51%
ETTY Amplify Ethereum 3% Monthly Option Income ETF	32.69%	6.26%

Frequently Asked Questions

Can I hold both CBXO and ETTY in my portfolio?

CBXO and ETTY have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CBXO or ETTY?

On fees, CBXO is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CBXO or ETTY?

CBXO is cheaper with a 0.69% expense ratio, compared with 0.75% for ETTY.

Which ETF pays a higher dividend yield, CBXO or ETTY?

ETTY has the higher dividend yield at 32.69%, compared with 0.53% for CBXO.

What is the main difference between CBXO and ETTY?

CBXO is categorized as Defined Outcome, while ETTY is Cryptocurrency. They also come from different issuers: Calamos and Amplify. Their fees differ too: 0.69% for CBXO and 0.75% for ETTY.