TSUI vs. CBOO

Last updated Jun 5, 2026

TSUI (21Shares Sui ETF) and CBOO (Calamos Bitcoin Structured Alt Protection ETF - October) are both exchange-traded funds - TSUI is a Cryptocurrency fund tracking the Sui (SUI), while CBOO is a Defined Outcome fund actively managed by Calamos. TSUI is passively managed, while CBOO is actively managed. At a 0.42 correlation, their price movements are largely independent. TSUI charges 0.30%/yr vs 0.69%/yr for CBOO.

Performance

TSUI vs. CBOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21Shares Sui ETF (TSUI) and Calamos Bitcoin Structured Alt Protection ETF - October (CBOO). 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*: —

CBOO

• 1D: 0.02%
• 1M: -0.06%
• YTD: -0.02%
• 6M: -0.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSUI vs. CBOO - Yearly Performance Comparison

	2026 (YTD)
TSUI 21Shares Sui ETF	-9.67%
CBOO Calamos Bitcoin Structured Alt Protection ETF - October	0.64%

Correlation

The correlation between TSUI and CBOO is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 25, 2026	0.42

Return for Risk

TSUI vs. CBOO - Risk-Adjusted Trends Comparison

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

	TSUI	CBOO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.35	-1.17	+0.82

Drawdowns

TSUI vs. CBOO - Drawdown Comparison

The maximum TSUI drawdown since its inception was -40.39%, which is greater than CBOO's maximum drawdown of -2.34%. Use the drawdown chart below to compare losses from any high point for TSUI and CBOO.

Drawdown Indicators

	TSUI	CBOO	Difference
Max Drawdown Largest peak-to-trough decline	-40.39%	-2.34%	-38.05%
Current Drawdown Current decline from peak	-40.39%	-1.70%	-38.69%
Average Drawdown Average peak-to-trough decline	-12.52%	-1.61%	-10.91%

Volatility

Volatility by Period

	TSUI	CBOO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	87.89%	2.14%	+85.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	87.89%	2.14%	+85.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	87.89%	2.14%	+85.75%

TSUI vs. CBOO - Expense Ratio Comparison

TSUI has a 0.30% expense ratio, which is lower than CBOO's 0.69% expense ratio.

Dividends

TSUI vs. CBOO - Dividend Comparison

TSUI's dividend yield for the trailing twelve months is around 0.31%, less than CBOO's 0.57% yield.

Position	TTM	2025
CBOO Calamos Bitcoin Structured Alt Protection ETF - October	0.57%	0.57%
TSUI 21Shares Sui ETF	0.31%	0.00%

Frequently Asked Questions

Can I hold both TSUI and CBOO in my portfolio?

TSUI and CBOO have a correlation of 0.42, 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 CBOO?

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 CBOO?

TSUI is cheaper with a 0.30% expense ratio, compared with 0.69% for CBOO.

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

CBOO has the higher dividend yield at 0.57%, compared with 0.31% for TSUI.

What is the main difference between TSUI and CBOO?

TSUI is categorized as Cryptocurrency, while CBOO is Defined Outcome. They also come from different issuers: 21Shares and Calamos. Their fees differ too: 0.30% for TSUI and 0.69% for CBOO.