CBOA vs BULD

Comparison between Calamos Bitcoin Structured Alt Protection ETF April (CBOA, ETF) and PACER BLUESTAR ENGINEERING THE FUTURE ETF (BULD, ETF).

CBOA vs BULD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CBOA(ETF)	BULD(ETF)
Net Assets	$4.90M	$4.90M
Expense Ratio	0.69%	0.49%
Max Drawdown	10.45%	27.76%
Sharpe Ratio	-1.67	1.53
5Y Beta	0.10	1.33
P/E Ratio	N/A	-42.19
Forward P/E	N/A	31.33
PEG Ratio	N/A	-0.09
5Y EPS CAGR	N/A	13.97%
Debt to Equity	N/A	30.63%
P/S Ratio	N/A	4.28
P/B Ratio	N/A	3.67

Net Assets

CBOA

$4.90M

BULD

$4.90M

Expense Ratio

CBOA

0.69%

Winner

BULD

0.49%

Max Drawdown

Winner

CBOA

10.45%

BULD

27.76%

Sharpe Ratio

CBOA

-1.67

Winner

BULD

1.53

5Y Beta

Winner

CBOA

0.10

BULD

1.33

P/E Ratio

CBOA

N/A

BULD

-42.19

Forward P/E

CBOA

N/A

BULD

31.33

PEG Ratio

CBOA

N/A

BULD

-0.09

5Y EPS CAGR

CBOA

N/A

BULD

13.97%

Debt to Equity

CBOA

N/A

BULD

30.63%

P/S Ratio

CBOA

N/A

BULD

4.28

P/B Ratio

CBOA

N/A

BULD

3.67

CBOA vs BULD - Historical Returns

Returns include dividend reinvestment.

Period	CBOA	BULD
1 month	-2.54%	+3.94%
3 months	-2.32%	+13.42%
6 months	-6.68%	+22.30%
1 year	-5.21%	+54.28%
5 years(CAGR)	N/A	+13.52%
Max(CAGR)	-1.67%	+13.52%

CBOA

-2.54%

Winner

BULD

+3.94%

CBOA

-2.32%

Winner

BULD

+13.42%

CBOA

-6.68%

Winner

BULD

+22.30%

CBOA

-5.21%

Winner

BULD

+54.28%

5Y(CAGR)

CBOA

N/A

BULD

+13.52%

Max(CAGR)

CBOA

-1.67%

Winner

BULD

+13.52%

CBOA vs BULD - Annual Returns (2022 - 2026)

Returns include dividend reinvestment.

Year	CBOA	BULD
2026	-7.27%	+23.62%
2025	+5.24%	+23.45%
2024	N/A	-0.69%
2023	N/A	+28.72%
2022	N/A	-12.41%

CBOA vs BULD Drawdown Comparison

The maximum drawdown for CBOA was -8.65%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The maximum drawdown for BULD was -27.64%, occurring on Apr 8, 2025. Recovery took 381 trading sessions.

The current CBOA drawdown is -8.65%. The current BULD drawdown is -6.41%.

Rank	CBOA	BULD
#1	-8.65% Jan 14, 2026 - Jun 5, 2026	-27.64% Mar 7, 2024 - Sep 15, 2025
#2	-3.08% Oct 6, 2025 - Jan 14, 2026	-26.49% Aug 12, 2022 - Feb 2, 2023
#3	-0.60% Sep 18, 2025 - Oct 1, 2025	-23.01% Jul 18, 2023 - Dec 26, 2023
#4	-0.56% May 27, 2025 - Jun 9, 2025	-16.25% Jun 2, 2022 - Aug 12, 2022
#5	-0.42% Jun 16, 2025 - Jun 24, 2025	-15.48% Oct 20, 2025 - Jan 6, 2026
#6	-0.38% Aug 13, 2025 - Aug 22, 2025	-14.86% Feb 25, 2026 - Apr 17, 2026
#7	-0.37% Aug 22, 2025 - Sep 3, 2025	-10.46% May 5, 2022 - May 27, 2022
#8	-0.36% Jul 14, 2025 - Aug 7, 2025	-10.06% Feb 2, 2023 - Jun 2, 2023
#9	-0.29% Jun 11, 2025 - Jun 16, 2025	-8.14% Oct 6, 2025 - Oct 20, 2025
#10	-0.17% Apr 28, 2025 - May 1, 2025	-8.01% Jan 28, 2026 - Feb 10, 2026
#11	-0.17% Jun 30, 2025 - Jul 2, 2025	-7.77% Dec 26, 2023 - Jan 29, 2024
#12	-0.17% Sep 3, 2025 - Sep 5, 2025	-6.41% Jun 4, 2026 - Jun 5, 2026
#13	-0.14% May 1, 2025 - May 7, 2025	-6.15% May 14, 2026 - May 22, 2026
#14	-0.14% May 13, 2025 - May 16, 2025	-5.42% Jun 15, 2023 - Jul 13, 2023
#15	-0.12% May 22, 2025 - May 27, 2025	-4.10% Apr 24, 2026 - May 5, 2026

Correlation

Correlation between CBOA and BULD is -0.58 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.58

-101