SOEZ vs. CBOO

Last updated Jun 4, 2026

SOEZ (Franklin Solana ETF) and CBOO (Calamos Bitcoin Structured Alt Protection ETF - October) are both exchange-traded funds - SOEZ is a Cryptocurrency fund actively managed by Franklin, while CBOO is a Defined Outcome fund actively managed by Calamos. Both are actively managed. A 0.63 correlation means they provide meaningful diversification when combined. SOEZ charges 0.19%/yr vs 0.69%/yr for CBOO.

Performance

SOEZ vs. CBOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Solana ETF (SOEZ) 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, SOEZ achieves a -40.75% return, which is significantly lower than CBOO's -0.04% return.

SOEZ

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

SOEZ vs. CBOO - Yearly Performance Comparison

	2026 (YTD)	2025
SOEZ Franklin Solana ETF	-40.75%	-11.97%
CBOO Calamos Bitcoin Structured Alt Protection ETF - October	-0.04%	-0.18%

Correlation

The correlation between SOEZ and CBOO is 0.63, 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 4, 2025	0.63

Return for Risk

SOEZ vs. CBOO - Risk-Adjusted Trends Comparison

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

	SOEZ	CBOO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.07	-1.19	+0.12

Drawdowns

SOEZ vs. CBOO - Drawdown Comparison

The maximum SOEZ drawdown since its inception was -50.21%, which is greater than CBOO's maximum drawdown of -2.34%. Use the drawdown chart below to compare losses from any high point for SOEZ and CBOO.

Drawdown Indicators

	SOEZ	CBOO	Difference
Max Drawdown Largest peak-to-trough decline	-50.21%	-2.34%	-47.87%
Current Drawdown Current decline from peak	-50.21%	-1.72%	-48.49%
Average Drawdown Average peak-to-trough decline	-30.80%	-1.61%	-29.19%

Volatility

Volatility by Period

	SOEZ	CBOO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	68.92%	2.14%	+66.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.92%	2.14%	+66.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.92%	2.14%	+66.78%

SOEZ vs. CBOO - Expense Ratio Comparison

SOEZ has a 0.19% expense ratio, which is lower than CBOO's 0.69% expense ratio.

Dividends

SOEZ vs. CBOO - Dividend Comparison

SOEZ's dividend yield for the trailing twelve months is around 0.57%, which matches CBOO's 0.57% yield.

Position	TTM	2025
CBOO Calamos Bitcoin Structured Alt Protection ETF - October	0.57%	0.57%
SOEZ Franklin Solana ETF	0.57%	0.00%

Frequently Asked Questions

Can I hold both SOEZ and CBOO in my portfolio?

SOEZ and CBOO have a correlation of 0.63, 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 CBOO?

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 CBOO?

SOEZ is cheaper with a 0.19% expense ratio, compared with 0.69% for CBOO.

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

SOEZ and CBOO have nearly identical dividend yields, around 0.57%.

What is the main difference between SOEZ and CBOO?

SOEZ is categorized as Cryptocurrency, while CBOO is Defined Outcome. They also come from different issuers: Franklin and Calamos. Their fees differ too: 0.19% for SOEZ and 0.69% for CBOO.