TXBC vs. CBOL

Last updated Jun 30, 2026

TXBC (21Shares FTSE Crypto 10 ex-BTC Index ETF) and CBOL (Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF) are both exchange-traded funds - TXBC is a Cryptocurrency fund tracking the FTSE Crypto 10 ex-BTC Index, while CBOL is a Defined Outcome fund actively managed by Calamos. TXBC is passively managed, while CBOL is actively managed. Their correlation of 0.88 suggests significant overlap in exposure.

Performance

TXBC vs. CBOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21Shares FTSE Crypto 10 ex-BTC Index ETF (TXBC) 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, TXBC achieves a -40.49% return, which is significantly lower than CBOL's -2.28% return.

TXBC

• 1D: 1.93%
• 1M: -16.89%
• YTD: -40.49%
• 6M: -40.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CBOL

• 1D: -0.02%
• 1M: -0.74%
• YTD: -2.28%
• 6M: -2.28%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TXBC vs. CBOL - Yearly Performance Comparison

	2026 (YTD)	2025
TXBC 21Shares FTSE Crypto 10 ex-BTC Index ETF	-40.49%	-18.07%
CBOL Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF	-2.28%	-1.39%

Correlation

The correlation between TXBC and CBOL is 0.88, 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 Nov 13, 2025	0.88

Return for Risk

TXBC vs. CBOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares FTSE Crypto 10 ex-BTC Index ETF (TXBC) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

TXBC vs. CBOL - Drawdown Comparison

The maximum TXBC drawdown since its inception was -53.45%, which is greater than CBOL's maximum drawdown of -5.05%. Use the drawdown chart below to compare losses from any high point for TXBC and CBOL.

Drawdown Indicators

	TXBC	CBOL	Difference
Max Drawdown Largest peak-to-trough decline	-53.45%	-5.05%	-48.40%
Current Drawdown Current decline from peak	-51.25%	-4.89%	-46.36%
Average Drawdown Average peak-to-trough decline	-31.59%	-3.34%	-28.25%

Volatility

Volatility by Period

	TXBC	CBOL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	62.86%	3.78%	+59.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.86%	3.78%	+59.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.86%	3.78%	+59.08%

Dividends

TXBC vs. CBOL - Dividend Comparison

TXBC has not paid dividends to shareholders, while CBOL's dividend yield for the trailing twelve months is around 1.83%.

Position	TTM	2025
CBOL Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF	1.83%	1.79%
TXBC 21Shares FTSE Crypto 10 ex-BTC Index ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both TXBC and CBOL in my portfolio?

TXBC and CBOL have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

CBOL has the higher dividend yield at 1.83%, compared with 0.00% for TXBC.

What is the main difference between TXBC and CBOL?

TXBC is categorized as Cryptocurrency, while CBOL is Defined Outcome. They also come from different issuers: 21Shares and Calamos.