GLIV vs. CBOL
GLIV (Grayscale Livepeer Trust (LPT)) and CBOL (Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF) are both exchange-traded funds - GLIV is a Cryptocurrency fund actively managed by Grayscale, while CBOL is a Defined Outcome fund actively managed by Calamos. Both are actively managed. At a 0.40 correlation, their price movements are largely independent.
Performance
GLIV vs. CBOL - Performance Comparison
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Returns By Period
In the year-to-date period, GLIV achieves a -34.03% return, which is significantly lower than CBOL's -2.28% return.
GLIV
- 1D
- 1.29%
- 1M
- -19.90%
- YTD
- -34.03%
- 6M
- -34.31%
- 1Y
- -73.83%
- 3Y*
- -32.91%
- 5Y*
- —
- 10Y*
- —
CBOL
- 1D
- -0.02%
- 1M
- -0.74%
- YTD
- -2.28%
- 6M
- -2.28%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLIV vs. CBOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLIV Grayscale Livepeer Trust (LPT) | -34.03% | -65.79% |
CBOL Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF | -2.28% | -2.04% |
Correlation
The correlation between GLIV and CBOL is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025 | 0.40 |
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Return for Risk
GLIV vs. CBOL — Risk / Return Rank
GLIV
CBOL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GLIV vs. CBOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Livepeer Trust (LPT) (GLIV) 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.
| GLIV | CBOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.92 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | — | — |
| Martin ratioReturn relative to average drawdown | -1.21 | — | — |
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Drawdowns
GLIV vs. CBOL - Drawdown Comparison
The maximum GLIV drawdown since its inception was -97.65%, which is greater than CBOL's maximum drawdown of -5.05%. Use the drawdown chart below to compare losses from any high point for GLIV and CBOL.
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Drawdown Indicators
| GLIV | CBOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.65% | -5.05% | -92.60% |
Max Drawdown (1Y)Largest decline over 1 year | -84.40% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -97.65% | — | — |
Current DrawdownCurrent decline from peak | -97.47% | -4.89% | -92.58% |
Average DrawdownAverage peak-to-trough decline | -71.81% | -3.34% | -68.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 60.92% | — | — |
Volatility
GLIV vs. CBOL - Volatility Comparison
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Volatility by Period
| GLIV | CBOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.08% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 71.59% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 124.52% | 3.78% | +120.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 174.97% | 3.78% | +171.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 174.97% | 3.78% | +171.19% |
Dividends
GLIV vs. CBOL - Dividend Comparison
GLIV 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% |
GLIV Grayscale Livepeer Trust (LPT) | 0.00% | 0.00% |
Frequently Asked Questions
GLIV and CBOL have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CBOL has the higher dividend yield at 1.83%, compared with 0.00% for GLIV.
GLIV is categorized as Cryptocurrency, while CBOL is Defined Outcome. They also come from different issuers: Grayscale and Calamos.
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