EHY vs. CBOO

Last updated Jun 4, 2026

EHY (Amplify Ethereum Max Income Covered Call ETF) and CBOO (Calamos Bitcoin Structured Alt Protection ETF - October) are both exchange-traded funds - EHY is a Cryptocurrency fund actively managed by Amplify, while CBOO is a Defined Outcome fund actively managed by Calamos. Both are actively managed. A 0.63 correlation means they provide meaningful diversification when combined. EHY charges 0.75%/yr vs 0.69%/yr for CBOO.

Performance

EHY vs. CBOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Ethereum Max Income Covered Call ETF (EHY) and Calamos Bitcoin Structured Alt Protection ETF - October (CBOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EHY achieves a -38.15% return, which is significantly lower than CBOO's -0.04% return.

EHY

• 1D: -6.90%
• 1M: -26.11%
• YTD: -38.15%
• 6M: -36.98%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CBOO

• 1D: -0.04%
• 1M: -0.00%
• YTD: -0.04%
• 6M: -0.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EHY vs. CBOO - Yearly Performance Comparison

	2026 (YTD)	2025
EHY Amplify Ethereum Max Income Covered Call ETF	-38.15%	-25.71%
CBOO Calamos Bitcoin Structured Alt Protection ETF - October	-0.04%	-1.48%

Correlation

The correlation between EHY and CBOO is 0.63, 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	0.63

Return for Risk

EHY vs. CBOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Ethereum Max Income Covered Call ETF (EHY) and Calamos Bitcoin Structured Alt Protection ETF - October (CBOO). 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

	EHY	CBOO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.21	-1.19	-0.02

Drawdowns

EHY vs. CBOO - Drawdown Comparison

The maximum EHY drawdown since its inception was -54.05%, which is greater than CBOO's maximum drawdown of -2.34%. Use the drawdown chart below to compare losses from any high point for EHY and CBOO.

Drawdown Indicators

	EHY	CBOO	Difference
Max Drawdown Largest peak-to-trough decline	-54.05%	-2.34%	-51.71%
Current Drawdown Current decline from peak	-54.05%	-1.72%	-52.33%
Average Drawdown Average peak-to-trough decline	-33.13%	-1.61%	-31.52%

Volatility

Volatility by Period

	EHY	CBOO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	58.36%	2.14%	+56.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.36%	2.14%	+56.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.36%	2.14%	+56.22%

EHY vs. CBOO - Expense Ratio Comparison

EHY has a 0.75% expense ratio, which is higher than CBOO's 0.69% expense ratio.

Dividends

EHY vs. CBOO - Dividend Comparison

EHY's dividend yield for the trailing twelve months is around 48.29%, more than CBOO's 0.57% yield.

Position	TTM	2025
CBOO Calamos Bitcoin Structured Alt Protection ETF - October	0.57%	0.57%
EHY Amplify Ethereum Max Income Covered Call ETF	48.29%	8.87%

Frequently Asked Questions

Can I hold both EHY and CBOO in my portfolio?

EHY and CBOO have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EHY or CBOO?

On fees, CBOO 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, EHY or CBOO?

CBOO is cheaper with a 0.69% expense ratio, compared with 0.75% for EHY.

Which ETF pays a higher dividend yield, EHY or CBOO?

EHY has the higher dividend yield at 48.29%, compared with 0.57% for CBOO.

What is the main difference between EHY and CBOO?

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