ETHB vs. CBOO

Last updated Jun 4, 2026

ETHB (iShares Staked Ethereum Trust ETF) and CBOO (Calamos Bitcoin Structured Alt Protection ETF - October) are both exchange-traded funds - ETHB is a Cryptocurrency fund tracking the CME CF Ether Dollar Reference Rate - New York Variant, while CBOO is a Defined Outcome fund actively managed by Calamos. ETHB is passively managed, while CBOO is actively managed. A 0.66 correlation means they provide meaningful diversification when combined. ETHB charges 0.25%/yr vs 0.69%/yr for CBOO.

Performance

ETHB vs. CBOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Staked Ethereum Trust ETF (ETHB) and Calamos Bitcoin Structured Alt Protection ETF - October (CBOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ETHB

• 1D: -5.62%
• 1M: -23.55%
• YTD: —
• 6M: —
• 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)

ETHB vs. CBOO - Yearly Performance Comparison

	2026 (YTD)
ETHB iShares Staked Ethereum Trust ETF	-13.09%
CBOO Calamos Bitcoin Structured Alt Protection ETF - October	0.35%

Correlation

The correlation between ETHB and CBOO is 0.66, 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 Mar 13, 2026	0.66

Return for Risk

ETHB vs. CBOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Staked Ethereum Trust ETF (ETHB) 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

	ETHB	CBOO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.98	-1.19	+0.21

Drawdowns

ETHB vs. CBOO - Drawdown Comparison

The maximum ETHB drawdown since its inception was -25.90%, which is greater than CBOO's maximum drawdown of -2.34%. Use the drawdown chart below to compare losses from any high point for ETHB and CBOO.

Drawdown Indicators

	ETHB	CBOO	Difference
Max Drawdown Largest peak-to-trough decline	-25.90%	-2.34%	-23.56%
Current Drawdown Current decline from peak	-25.90%	-1.72%	-24.18%
Average Drawdown Average peak-to-trough decline	-7.89%	-1.61%	-6.28%

Volatility

Volatility by Period

	ETHB	CBOO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	47.62%	2.14%	+45.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.62%	2.14%	+45.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.62%	2.14%	+45.48%

ETHB vs. CBOO - Expense Ratio Comparison

ETHB has a 0.25% expense ratio, which is lower than CBOO's 0.69% expense ratio.

Dividends

ETHB vs. CBOO - Dividend Comparison

ETHB has not paid dividends to shareholders, while CBOO's dividend yield for the trailing twelve months is around 0.57%.

Position	TTM	2025
CBOO Calamos Bitcoin Structured Alt Protection ETF - October	0.57%	0.57%
ETHB iShares Staked Ethereum Trust ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both ETHB and CBOO in my portfolio?

ETHB and CBOO have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ETHB or CBOO?

On fees, ETHB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ETHB or CBOO?

ETHB is cheaper with a 0.25% expense ratio, compared with 0.69% for CBOO.

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

CBOO has the higher dividend yield at 0.57%, compared with 0.00% for ETHB.

What is the main difference between ETHB and CBOO?

ETHB is categorized as Cryptocurrency, while CBOO is Defined Outcome. They also come from different issuers: iShares and Calamos. Their fees differ too: 0.25% for ETHB and 0.69% for CBOO.