LTCC vs. CBOL

Last updated Jun 4, 2026

LTCC (Canary Litecoin ETF) and CBOL (Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF) are both exchange-traded funds - LTCC is a Cryptocurrency fund actively managed by Canary Capital, while CBOL is a Defined Outcome fund actively managed by Calamos. Both are actively managed. A 0.77 correlation means they provide meaningful diversification when combined. LTCC charges 0.95%/yr vs 0.79%/yr for CBOL.

Performance

LTCC vs. CBOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Canary Litecoin ETF (LTCC) 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, LTCC achieves a -38.64% return, which is significantly lower than CBOL's -2.03% return.

LTCC

• 1D: -1.79%
• 1M: -14.54%
• YTD: -38.64%
• 6M: -45.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CBOL

• 1D: -0.13%
• 1M: -0.78%
• YTD: -2.03%
• 6M: -2.60%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LTCC vs. CBOL - Yearly Performance Comparison

	2026 (YTD)	2025
LTCC Canary Litecoin ETF	-38.64%	-22.20%
CBOL Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF	-2.03%	-2.57%

Correlation

The correlation between LTCC and CBOL 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 29, 2025	0.77

Return for Risk

LTCC vs. CBOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canary Litecoin ETF (LTCC) 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.

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

Sharpe Ratios by Period

	LTCC	CBOL	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.11	-1.80	+0.69

Drawdowns

LTCC vs. CBOL - Drawdown Comparison

The maximum LTCC drawdown since its inception was -56.22%, which is greater than CBOL's maximum drawdown of -4.91%. Use the drawdown chart below to compare losses from any high point for LTCC and CBOL.

Drawdown Indicators

	LTCC	CBOL	Difference
Max Drawdown Largest peak-to-trough decline	-56.22%	-4.91%	-51.31%
Current Drawdown Current decline from peak	-56.22%	-4.64%	-51.58%
Average Drawdown Average peak-to-trough decline	-37.73%	-3.21%	-34.52%

Volatility

Volatility by Period

	LTCC	CBOL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	64.50%	3.88%	+60.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.50%	3.88%	+60.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.50%	3.88%	+60.62%

LTCC vs. CBOL - Expense Ratio Comparison

LTCC has a 0.95% expense ratio, which is higher than CBOL's 0.79% expense ratio.

Dividends

LTCC vs. CBOL - Dividend Comparison

LTCC 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%
LTCC Canary Litecoin ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both LTCC and CBOL in my portfolio?

LTCC and CBOL 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, LTCC or CBOL?

On fees, CBOL is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LTCC or CBOL?

CBOL is cheaper with a 0.79% expense ratio, compared with 0.95% for LTCC.

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

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

What is the main difference between LTCC and CBOL?

LTCC is categorized as Cryptocurrency, while CBOL is Defined Outcome. They also come from different issuers: Canary Capital and Calamos. Their fees differ too: 0.95% for LTCC and 0.79% for CBOL.