TSUI vs. CBOL

Last updated Jun 5, 2026

TSUI (21Shares Sui ETF) and CBOL (Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF) are both exchange-traded funds - TSUI is a Cryptocurrency fund tracking the Sui (SUI), while CBOL is a Defined Outcome fund actively managed by Calamos. TSUI is passively managed, while CBOL is actively managed. A 0.72 correlation means they provide meaningful diversification when combined. TSUI charges 0.30%/yr vs 0.79%/yr for CBOL.

Performance

TSUI vs. CBOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21Shares Sui ETF (TSUI) 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

TSUI

• 1D: -3.96%
• 1M: -18.71%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CBOL

• 1D: -0.08%
• 1M: -0.97%
• YTD: -2.11%
• 6M: -2.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSUI vs. CBOL - Yearly Performance Comparison

	2026 (YTD)
TSUI 21Shares Sui ETF	-9.67%
CBOL Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF	0.19%

Correlation

The correlation between TSUI and CBOL is 0.72, 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 Feb 25, 2026	0.72

Return for Risk

TSUI vs. CBOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares Sui ETF (TSUI) 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

	TSUI	CBOL	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.35	-1.83	+1.47

Drawdowns

TSUI vs. CBOL - Drawdown Comparison

The maximum TSUI drawdown since its inception was -40.39%, which is greater than CBOL's maximum drawdown of -4.91%. Use the drawdown chart below to compare losses from any high point for TSUI and CBOL.

Drawdown Indicators

	TSUI	CBOL	Difference
Max Drawdown Largest peak-to-trough decline	-40.39%	-4.91%	-35.48%
Current Drawdown Current decline from peak	-40.39%	-4.72%	-35.67%
Average Drawdown Average peak-to-trough decline	-12.52%	-3.22%	-9.30%

Volatility

Volatility by Period

	TSUI	CBOL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	87.89%	3.87%	+84.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	87.89%	3.87%	+84.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	87.89%	3.87%	+84.02%

TSUI vs. CBOL - Expense Ratio Comparison

TSUI has a 0.30% expense ratio, which is lower than CBOL's 0.79% expense ratio.

Dividends

TSUI vs. CBOL - Dividend Comparison

TSUI's dividend yield for the trailing twelve months is around 0.31%, less than CBOL's 1.83% yield.

Position	TTM	2025
CBOL Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF	1.83%	1.79%
TSUI 21Shares Sui ETF	0.31%	0.00%

Frequently Asked Questions

Can I hold both TSUI and CBOL in my portfolio?

TSUI and CBOL have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSUI or CBOL?

On fees, TSUI is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSUI or CBOL?

TSUI is cheaper with a 0.30% expense ratio, compared with 0.79% for CBOL.

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

CBOL has the higher dividend yield at 1.83%, compared with 0.31% for TSUI.

What is the main difference between TSUI and CBOL?

TSUI is categorized as Cryptocurrency, while CBOL is Defined Outcome. They also come from different issuers: 21Shares and Calamos. Their fees differ too: 0.30% for TSUI and 0.79% for CBOL.