EZPZ vs. CBOL

Last updated Jun 26, 2026

EZPZ (Franklin Crypto Index ETF) and CBOL (Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF) are both exchange-traded funds - EZPZ is a Cryptocurrency fund tracking the CF Institutional Digital Asset Index – US-Settlement Price, while CBOL is a Defined Outcome fund actively managed by Calamos. EZPZ is passively managed, while CBOL is actively managed. Their correlation of 0.91 suggests significant overlap in exposure. EZPZ charges 0.19%/yr vs 0.79%/yr for CBOL.

Performance

EZPZ vs. CBOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Crypto Index ETF (EZPZ) 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, EZPZ achieves a -35.48% return, which is significantly lower than CBOL's -2.26% return.

EZPZ

• 1D: -0.75%
• 1M: -22.22%
• YTD: -35.48%
• 6M: -35.51%
• 1Y: -45.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CBOL

• 1D: 0.02%
• 1M: -0.89%
• YTD: -2.26%
• 6M: -2.28%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EZPZ vs. CBOL - Yearly Performance Comparison

	2026 (YTD)	2025
EZPZ Franklin Crypto Index ETF	-35.48%	-26.71%
CBOL Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF	-2.26%	-2.04%

Correlation

The correlation between EZPZ and CBOL is 0.91, 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 14, 2025	0.91

Return for Risk

EZPZ vs. CBOL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EZPZ

EZPZ Risk / Return Rank: 2
EZPZ Sharpe Ratio Rank: 2
EZPZ Sortino Ratio Rank: 2
EZPZ Omega Ratio Rank: 3
EZPZ Calmar Ratio Rank: 3
EZPZ Martin Ratio Rank: 2

CBOL

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EZPZ vs. CBOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Crypto Index ETF (EZPZ) 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.

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.

	EZPZ	CBOL	Difference
Sharpe ratio: Return per unit of total volatility	-0.96	—	—
Sortino ratio: Return per unit of downside risk	-1.41	—	—
Omega ratio: Gain probability vs. loss probability	0.84	—	—
Calmar ratio: Return relative to maximum drawdown	-0.81	—	—
Martin ratio: Return relative to average drawdown	-1.38	—	—

Drawdowns

EZPZ vs. CBOL - Drawdown Comparison

The maximum EZPZ drawdown since its inception was -56.49%, which is greater than CBOL's maximum drawdown of -5.05%. Use the drawdown chart below to compare losses from any high point for EZPZ and CBOL.

Drawdown Indicators

	EZPZ	CBOL	Difference
Max Drawdown Largest peak-to-trough decline	-56.49%	-5.05%	-51.44%
Max Drawdown (1Y) Largest decline over 1 year	-56.49%	—	—
Current Drawdown Current decline from peak	-56.49%	-4.87%	-51.62%
Average Drawdown Average peak-to-trough decline	-23.07%	-3.32%	-19.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.13%	—	—

Volatility

Volatility by Period

	EZPZ	CBOL	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.51%	—	—
Volatility (6M) Calculated over the trailing 6-month period	37.07%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	47.79%	3.81%	+43.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.86%	3.81%	+44.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.86%	3.81%	+44.05%

EZPZ vs. CBOL - Expense Ratio Comparison

EZPZ has a 0.19% expense ratio, which is lower than CBOL's 0.79% expense ratio.

Dividends

EZPZ vs. CBOL - Dividend Comparison

EZPZ 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%
EZPZ Franklin Crypto Index ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both EZPZ and CBOL in my portfolio?

With a correlation of 0.91, EZPZ and CBOL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, EZPZ or CBOL?

On fees, EZPZ is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EZPZ or CBOL?

EZPZ is cheaper with a 0.19% expense ratio, compared with 0.79% for CBOL.

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

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

What is the main difference between EZPZ and CBOL?

EZPZ is categorized as Cryptocurrency, while CBOL is Defined Outcome. They also come from different issuers: Franklin Templeton and Calamos. Their fees differ too: 0.19% for EZPZ and 0.79% for CBOL.