DOJE vs. CBOL

Last updated Jun 4, 2026

DOJE (REX-Osprey DOGE ETF) and CBOL (Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF) are both exchange-traded funds - DOJE is a Cryptocurrency fund tracking the Dogecoin (DOGE) spot price, while CBOL is a Defined Outcome fund actively managed by Calamos. DOJE is passively managed, while CBOL is actively managed. Their correlation of 0.81 suggests significant overlap in exposure. DOJE charges 1.50%/yr vs 0.79%/yr for CBOL.

Performance

DOJE vs. CBOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX-Osprey DOGE ETF (DOJE) and Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF (CBOL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DOJE achieves a -22.00% return, which is significantly lower than CBOL's -2.03% return.

DOJE

• 1D: -2.54%
• 1M: -17.62%
• YTD: -22.00%
• 6M: -39.82%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CBOL

• 1D: -0.13%
• 1M: -0.78%
• YTD: -2.03%
• 6M: -2.60%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DOJE vs. CBOL - Yearly Performance Comparison

	2026 (YTD)	2025
DOJE REX-Osprey DOGE ETF	-22.00%	-42.70%
CBOL Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF	-2.03%	-2.47%

Correlation

The correlation between DOJE and CBOL 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 Oct 15, 2025	0.81

Return for Risk

DOJE vs. CBOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX-Osprey DOGE ETF (DOJE) and Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF (CBOL). 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

	DOJE	CBOL	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.02	-1.80	+0.78

Drawdowns

DOJE vs. CBOL - Drawdown Comparison

The maximum DOJE drawdown since its inception was -68.45%, which is greater than CBOL's maximum drawdown of -4.91%. Use the drawdown chart below to compare losses from any high point for DOJE and CBOL.

Drawdown Indicators

	DOJE	CBOL	Difference
Max Drawdown Largest peak-to-trough decline	-68.45%	-4.91%	-63.54%
Current Drawdown Current decline from peak	-67.73%	-4.64%	-63.09%
Average Drawdown Average peak-to-trough decline	-52.04%	-3.21%	-48.83%

Volatility

Volatility by Period

	DOJE	CBOL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	79.01%	3.88%	+75.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.01%	3.88%	+75.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.01%	3.88%	+75.13%

DOJE vs. CBOL - Expense Ratio Comparison

DOJE has a 1.50% expense ratio, which is higher than CBOL's 0.79% expense ratio.

Dividends

DOJE vs. CBOL - Dividend Comparison

DOJE has not paid dividends to shareholders, while CBOL's dividend yield for the trailing twelve months is around 1.83%.

Position	TTM	2025
CBOL Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF	1.83%	1.79%
DOJE REX-Osprey DOGE ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both DOJE and CBOL in my portfolio?

DOJE and CBOL 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 is better, DOJE or CBOL?

On fees, CBOL is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DOJE or CBOL?

CBOL is cheaper with a 0.79% expense ratio, compared with 1.50% for DOJE.

Which ETF pays a higher dividend yield, DOJE or CBOL?

CBOL has the higher dividend yield at 1.83%, compared with 0.00% for DOJE.

What is the main difference between DOJE and CBOL?

DOJE is categorized as Cryptocurrency, while CBOL is Defined Outcome. They also come from different issuers: REX-Osprey and Calamos. Their fees differ too: 1.50% for DOJE and 0.79% for CBOL.