ISBG vs. CBOO

Last updated Jun 3, 2026

ISBG (IncomeSTKd 1x Bitcoin & 1x Gold Premium ETF) and CBOO (Calamos Bitcoin Structured Alt Protection ETF - October) are both exchange-traded funds - ISBG is a Cryptocurrency fund actively managed by Quantify Funds, while CBOO is a Defined Outcome fund actively managed by Calamos. Both are actively managed. A 0.57 correlation means they provide meaningful diversification when combined. ISBG charges 1.14%/yr vs 0.69%/yr for CBOO.

Performance

ISBG vs. CBOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IncomeSTKd 1x Bitcoin & 1x Gold Premium ETF (ISBG) and Calamos Bitcoin Structured Alt Protection ETF - October (CBOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ISBG

• 1D: -7.86%
• 1M: -21.14%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CBOO

• 1D: 0.00%
• 1M: 0.18%
• YTD: -0.00%
• 6M: -0.08%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ISBG vs. CBOO - Yearly Performance Comparison

	2026 (YTD)
ISBG IncomeSTKd 1x Bitcoin & 1x Gold Premium ETF	-32.56%
CBOO Calamos Bitcoin Structured Alt Protection ETF - October	-0.25%

Correlation

The correlation between ISBG and CBOO is 0.57, 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 Jan 22, 2026	0.57

Return for Risk

ISBG vs. CBOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IncomeSTKd 1x Bitcoin & 1x Gold Premium ETF (ISBG) 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

	ISBG	CBOO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.88	-1.16	+0.28

Drawdowns

ISBG vs. CBOO - Drawdown Comparison

The maximum ISBG drawdown since its inception was -38.42%, which is greater than CBOO's maximum drawdown of -2.34%. Use the drawdown chart below to compare losses from any high point for ISBG and CBOO.

Drawdown Indicators

	ISBG	CBOO	Difference
Max Drawdown Largest peak-to-trough decline	-38.42%	-2.34%	-36.08%
Current Drawdown Current decline from peak	-38.42%	-1.68%	-36.74%
Average Drawdown Average peak-to-trough decline	-23.08%	-1.61%	-21.47%

Volatility

Volatility by Period

	ISBG	CBOO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	75.53%	2.15%	+73.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.53%	2.15%	+73.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.53%	2.15%	+73.38%

ISBG vs. CBOO - Expense Ratio Comparison

ISBG has a 1.14% expense ratio, which is higher than CBOO's 0.69% expense ratio.

Dividends

ISBG vs. CBOO - Dividend Comparison

ISBG's dividend yield for the trailing twelve months is around 8.94%, more than CBOO's 0.57% yield.

Position	TTM	2025
CBOO Calamos Bitcoin Structured Alt Protection ETF - October	0.57%	0.57%
ISBG IncomeSTKd 1x Bitcoin & 1x Gold Premium ETF	8.94%	0.00%

Frequently Asked Questions

Can I hold both ISBG and CBOO in my portfolio?

ISBG and CBOO have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ISBG or CBOO?

On fees, CBOO 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, ISBG or CBOO?

CBOO is cheaper with a 0.69% expense ratio, compared with 1.14% for ISBG.

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

ISBG has the higher dividend yield at 8.94%, compared with 0.57% for CBOO.

What is the main difference between ISBG and CBOO?

ISBG is categorized as Cryptocurrency, while CBOO is Defined Outcome. They also come from different issuers: Quantify Funds and Calamos. Their fees differ too: 1.14% for ISBG and 0.69% for CBOO.