WGMI vs. CBOO
WGMI (CoinShares Bitcoin Miners ETF) and CBOO (Calamos Bitcoin Structured Alt Protection ETF - October) are both exchange-traded funds - WGMI is a Cryptocurrency fund actively managed by CoinShares, while CBOO is a Defined Outcome fund actively managed by Calamos. Both are actively managed. Their 0.35 correlation means their historical movements had little consistent relationship. WGMI charges 0.75%/yr vs 0.69%/yr for CBOO.
Performance
WGMI vs. CBOO - Performance Comparison
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Returns By Period
In the year-to-date period, WGMI achieves a 37.84% return, which is significantly higher than CBOO's 0.43% return.
WGMI
- 1D
- -3.65%
- 1M
- -0.83%
- 6M
- 16.45%
- YTD
- 37.84%
- 1Y
- 112.44%
- 3Y*
- 55.05%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.03%
CBOO
- 1D
- 0.00%
- 1M
- 0.27%
- 6M
- 0.71%
- YTD
- 0.43%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $37.37K | $26.33K | $18.92K | |
| $36.71M | $32.23M | $41.00M |
WGMI vs. CBOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WGMI CoinShares Bitcoin Miners ETF | 37.84% | -26.81% |
CBOO Calamos Bitcoin Structured Alt Protection ETF - October | 0.43% | -1.66% |
Correlation
The correlation between WGMI and CBOO is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 7, 2025 | 0.35 |
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Return for Risk
WGMI vs. CBOO — Risk / Return Rank
WGMI
CBOO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
WGMI vs. CBOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoinShares Bitcoin Miners ETF (WGMI) 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.
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.
| WGMI | CBOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.24 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | — | — |
| Martin ratioReturn relative to average drawdown | 4.28 | — | — |
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Drawdowns
WGMI vs. CBOO - Drawdown Comparison
The maximum WGMI drawdown since its inception was -85.76%, which is greater than CBOO's maximum drawdown of -2.34%. Use the drawdown chart below to compare losses from any high point for WGMI and CBOO.
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Drawdown Indicators
| WGMI | CBOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.76% | -2.34% | -83.42% |
Max Drawdown (1Y)Largest decline over 1 year | -50.94% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -62.79% | — | — |
Current DrawdownCurrent decline from peak | -26.84% | -1.26% | -25.58% |
Average DrawdownAverage peak-to-trough decline | -41.94% | -1.58% | -40.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.39% | — | — |
Volatility
WGMI vs. CBOO - Volatility Comparison
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Volatility by Period
| WGMI | CBOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 34.06% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 61.51% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 83.08% | 1.95% | +81.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.40% | 1.95% | +80.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.40% | 1.95% | +80.45% |
WGMI vs. CBOO - Expense Ratio Comparison
WGMI has a 0.75% expense ratio, which is higher than CBOO's 0.69% expense ratio.
Dividends
WGMI vs. CBOO - Dividend Comparison
WGMI has not paid dividends to shareholders, while CBOO's dividend yield for the trailing twelve months is around 0.57%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CBOO Calamos Bitcoin Structured Alt Protection ETF - October | 0.57% | 0.57% | 0.00% | 0.00% |
WGMI CoinShares Bitcoin Miners ETF | 0.00% | 0.00% | 0.22% | 0.31% |
Frequently Asked Questions
WGMI and CBOO have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBOO is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBOO is cheaper with a 0.69% expense ratio, compared with 0.75% for WGMI.
CBOO has the higher dividend yield at 0.57%, compared with 0.00% for WGMI.
WGMI is categorized as Cryptocurrency, while CBOO is Defined Outcome. They also come from different issuers: CoinShares and Calamos. Their fees differ too: 0.75% for WGMI and 0.69% for CBOO.
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