SOEZ vs. CBOL

Last updated Jun 4, 2026

SOEZ (Franklin Solana ETF) and CBOL (Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF) are both exchange-traded funds - SOEZ is a Cryptocurrency fund actively managed by Franklin, while CBOL is a Defined Outcome fund actively managed by Calamos. Both are actively managed. Their correlation of 0.85 suggests significant overlap in exposure. SOEZ charges 0.19%/yr vs 0.79%/yr for CBOL.

Performance

SOEZ vs. CBOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Solana ETF (SOEZ) 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, SOEZ achieves a -40.75% return, which is significantly lower than CBOL's -2.03% return.

SOEZ

• 1D: -4.56%
• 1M: -14.51%
• YTD: -40.75%
• 6M: -47.84%
• 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)

SOEZ vs. CBOL - Yearly Performance Comparison

	2026 (YTD)	2025
SOEZ Franklin Solana ETF	-40.75%	-11.97%
CBOL Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF	-2.03%	-0.58%

Correlation

The correlation between SOEZ and CBOL is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025	0.85

Return for Risk

SOEZ vs. CBOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Solana ETF (SOEZ) 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

	SOEZ	CBOL	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.07	-1.80	+0.73

Drawdowns

SOEZ vs. CBOL - Drawdown Comparison

The maximum SOEZ drawdown since its inception was -50.21%, which is greater than CBOL's maximum drawdown of -4.91%. Use the drawdown chart below to compare losses from any high point for SOEZ and CBOL.

Drawdown Indicators

	SOEZ	CBOL	Difference
Max Drawdown Largest peak-to-trough decline	-50.21%	-4.91%	-45.30%
Current Drawdown Current decline from peak	-50.21%	-4.64%	-45.57%
Average Drawdown Average peak-to-trough decline	-30.80%	-3.21%	-27.59%

Volatility

Volatility by Period

	SOEZ	CBOL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	68.92%	3.88%	+65.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.92%	3.88%	+65.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.92%	3.88%	+65.04%

SOEZ vs. CBOL - Expense Ratio Comparison

SOEZ has a 0.19% expense ratio, which is lower than CBOL's 0.79% expense ratio.

Dividends

SOEZ vs. CBOL - Dividend Comparison

SOEZ's dividend yield for the trailing twelve months is around 0.57%, less than CBOL's 1.83% yield.

Position	TTM	2025
CBOL Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF	1.83%	1.79%
SOEZ Franklin Solana ETF	0.57%	0.00%

Frequently Asked Questions

Can I hold both SOEZ and CBOL in my portfolio?

SOEZ and CBOL have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SOEZ or CBOL?

On fees, SOEZ is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SOEZ or CBOL?

SOEZ is cheaper with a 0.19% expense ratio, compared with 0.79% for CBOL.

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

CBOL has the higher dividend yield at 1.83%, compared with 0.57% for SOEZ.

What is the main difference between SOEZ and CBOL?

SOEZ is categorized as Cryptocurrency, while CBOL is Defined Outcome. They also come from different issuers: Franklin and Calamos. Their fees differ too: 0.19% for SOEZ and 0.79% for CBOL.