FSOL vs. CBOO

Last updated Jun 4, 2026

FSOL (Fidelity Solana Fund) and CBOO (Calamos Bitcoin Structured Alt Protection ETF - October) are both exchange-traded funds - FSOL is a Cryptocurrency fund actively managed by Fidelity, while CBOO is a Defined Outcome fund actively managed by Calamos. Both are actively managed. A 0.65 correlation means they provide meaningful diversification when combined. FSOL charges 0.25%/yr vs 0.69%/yr for CBOO.

Performance

FSOL vs. CBOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Solana Fund (FSOL) 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, FSOL achieves a -41.01% return, which is significantly lower than CBOO's -0.04% return.

FSOL

• 1D: -4.73%
• 1M: -14.55%
• YTD: -41.01%
• 6M: -48.13%
• 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)

FSOL vs. CBOO - Yearly Performance Comparison

	2026 (YTD)	2025
FSOL Fidelity Solana Fund	-41.01%	-11.84%
CBOO Calamos Bitcoin Structured Alt Protection ETF - October	-0.04%	-0.29%

Correlation

The correlation between FSOL and CBOO is 0.65, 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 Nov 19, 2025	0.65

Return for Risk

FSOL vs. CBOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Solana Fund (FSOL) 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

	FSOL	CBOO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.99	-1.19	+0.20

Drawdowns

FSOL vs. CBOO - Drawdown Comparison

The maximum FSOL drawdown since its inception was -50.54%, which is greater than CBOO's maximum drawdown of -2.34%. Use the drawdown chart below to compare losses from any high point for FSOL and CBOO.

Drawdown Indicators

	FSOL	CBOO	Difference
Max Drawdown Largest peak-to-trough decline	-50.54%	-2.34%	-48.20%
Current Drawdown Current decline from peak	-50.54%	-1.72%	-48.82%
Average Drawdown Average peak-to-trough decline	-29.21%	-1.61%	-27.60%

Volatility

Volatility by Period

	FSOL	CBOO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	71.65%	2.14%	+69.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.65%	2.14%	+69.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.65%	2.14%	+69.51%

FSOL vs. CBOO - Expense Ratio Comparison

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

Dividends

FSOL vs. CBOO - Dividend Comparison

FSOL's dividend yield for the trailing twelve months is around 2.03%, more than CBOO's 0.57% yield.

Position	TTM	2025
CBOO Calamos Bitcoin Structured Alt Protection ETF - October	0.57%	0.57%
FSOL Fidelity Solana Fund	2.03%	0.00%

Frequently Asked Questions

Can I hold both FSOL and CBOO in my portfolio?

FSOL and CBOO have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FSOL or CBOO?

On fees, FSOL 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, FSOL or CBOO?

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

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

FSOL has the higher dividend yield at 2.03%, compared with 0.57% for CBOO.

What is the main difference between FSOL and CBOO?

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