QSOL vs. CBOO

Last updated Jun 4, 2026

QSOL (Invesco Galaxy Solana ETF) and CBOO (Calamos Bitcoin Structured Alt Protection ETF - October) are both exchange-traded funds - QSOL is a Cryptocurrency fund tracking the Lukka Prime Solana Reference Rate - Benchmark Price Return, while CBOO is a Defined Outcome fund actively managed by Calamos. QSOL is passively managed, while CBOO is actively managed. A 0.61 correlation means they provide meaningful diversification when combined. QSOL charges 0.25%/yr vs 0.69%/yr for CBOO.

Performance

QSOL vs. CBOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Galaxy Solana ETF (QSOL) 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, QSOL achieves a -41.51% return, which is significantly lower than CBOO's -0.04% return.

QSOL

• 1D: -4.67%
• 1M: -14.50%
• YTD: -41.51%
• 6M: —
• 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)

QSOL vs. CBOO - Yearly Performance Comparison

	2026 (YTD)	2025
QSOL Invesco Galaxy Solana ETF	-41.51%	-0.92%
CBOO Calamos Bitcoin Structured Alt Protection ETF - October	-0.04%	0.02%

Correlation

The correlation between QSOL and CBOO is 0.61, 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 Dec 16, 2025	0.62

Return for Risk

QSOL vs. CBOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Galaxy Solana ETF (QSOL) 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

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

Drawdowns

QSOL vs. CBOO - Drawdown Comparison

The maximum QSOL drawdown since its inception was -50.82%, which is greater than CBOO's maximum drawdown of -2.34%. Use the drawdown chart below to compare losses from any high point for QSOL and CBOO.

Drawdown Indicators

	QSOL	CBOO	Difference
Max Drawdown Largest peak-to-trough decline	-50.82%	-2.34%	-48.48%
Current Drawdown Current decline from peak	-50.82%	-1.72%	-49.10%
Average Drawdown Average peak-to-trough decline	-31.98%	-1.61%	-30.37%

Volatility

Volatility by Period

	QSOL	CBOO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	70.59%	2.14%	+68.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.59%	2.14%	+68.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.59%	2.14%	+68.45%

QSOL vs. CBOO - Expense Ratio Comparison

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

Dividends

QSOL vs. CBOO - Dividend Comparison

QSOL's dividend yield for the trailing twelve months is around 0.20%, less than CBOO's 0.57% yield.

Position	TTM	2025
CBOO Calamos Bitcoin Structured Alt Protection ETF - October	0.57%	0.57%
QSOL Invesco Galaxy Solana ETF	0.20%	0.00%

Frequently Asked Questions

Can I hold both QSOL and CBOO in my portfolio?

QSOL and CBOO have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QSOL or CBOO?

On fees, QSOL 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, QSOL or CBOO?

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

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

CBOO has the higher dividend yield at 0.57%, compared with 0.20% for QSOL.

What is the main difference between QSOL and CBOO?

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