ETTY vs. CBXO

Last updated Jun 24, 2026

ETTY (Amplify Ethereum 3% Monthly Option Income ETF) and CBXO (Calamos Bitcoin 90 Series Structured Alt Protection ETF - October) are both exchange-traded funds - ETTY is a Cryptocurrency fund actively managed by Amplify, while CBXO is a Defined Outcome fund actively managed by Calamos. Both are actively managed. A 0.77 correlation means they provide meaningful diversification when combined. ETTY charges 0.75%/yr vs 0.69%/yr for CBXO.

Performance

ETTY vs. CBXO - Performance Comparison

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

Returns By Period

In the year-to-date period, ETTY achieves a -43.72% return, which is significantly lower than CBXO's -3.74% return.

ETTY

• 1D: -4.71%
• 1M: -22.31%
• YTD: -43.72%
• 6M: -41.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CBXO

• 1D: -0.00%
• 1M: -0.38%
• YTD: -3.74%
• 6M: -4.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETTY vs. CBXO - Yearly Performance Comparison

	2026 (YTD)	2025
ETTY Amplify Ethereum 3% Monthly Option Income ETF	-43.72%	-27.75%
CBXO Calamos Bitcoin 90 Series Structured Alt Protection ETF - October	-3.74%	-7.98%

Correlation

The correlation between ETTY and CBXO is 0.77, 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 9, 2025	0.77

Return for Risk

ETTY vs. CBXO - Risk-Adjusted Trends Comparison

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

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

Drawdowns

ETTY vs. CBXO - Drawdown Comparison

The maximum ETTY drawdown since its inception was -61.36%, which is greater than CBXO's maximum drawdown of -11.51%. Use the drawdown chart below to compare losses from any high point for ETTY and CBXO.

Drawdown Indicators

	ETTY	CBXO	Difference
Max Drawdown Largest peak-to-trough decline	-61.36%	-11.51%	-49.85%
Current Drawdown Current decline from peak	-59.37%	-11.49%	-47.88%
Average Drawdown Average peak-to-trough decline	-36.31%	-8.66%	-27.65%

Volatility

Volatility by Period

	ETTY	CBXO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	64.27%	6.94%	+57.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.27%	6.94%	+57.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.27%	6.94%	+57.33%

ETTY vs. CBXO - Expense Ratio Comparison

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

Dividends

ETTY vs. CBXO - Dividend Comparison

ETTY's dividend yield for the trailing twelve months is around 36.18%, more than CBXO's 0.53% 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	36.18%	6.26%

Frequently Asked Questions

Can I hold both ETTY and CBXO in my portfolio?

ETTY and CBXO have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ETTY or CBXO?

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, ETTY or CBXO?

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

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

ETTY has the higher dividend yield at 36.18%, compared with 0.53% for CBXO.

What is the main difference between ETTY and CBXO?

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