CBOA vs CSCL

Comparison between Calamos Bitcoin Structured Alt Protection ETF April (CBOA, ETF) and Direxion Daily CSCO Bull 2X ETF (CSCL, ETF).

CBOA vs CSCL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CBOA(ETF)	CSCL(ETF)
Net Assets	$4.90M	$5M
Expense Ratio	0.69%	N/A
Max Drawdown	10.45%	27.15%
Sharpe Ratio	-1.67	1.97
5Y Beta	0.10	2.10

Net Assets

CBOA

$4.90M

Winner

CSCL

$5M

Expense Ratio

CBOA

0.69%

CSCL

N/A

Max Drawdown

Winner

CBOA

10.45%

CSCL

27.15%

Sharpe Ratio

CBOA

-1.67

Winner

CSCL

1.97

5Y Beta

Winner

CBOA

0.10

CSCL

2.10

CBOA vs CSCL - Historical Returns

Returns include dividend reinvestment.

Period	CBOA	CSCL
1 month	-2.54%	+60.51%
3 months	-2.32%	+118.84%
6 months	-6.68%	+119.68%
1 year	-5.21%	+173.61%
Max(CAGR)	-1.67%	+190.26%

CBOA

-2.54%

Winner

CSCL

+60.51%

CBOA

-2.32%

Winner

CSCL

+118.84%

CBOA

-6.68%

Winner

CSCL

+119.68%

CBOA

-5.21%

Winner

CSCL

+173.61%

Max(CAGR)

CBOA

-1.67%

Winner

CSCL

+190.26%

CBOA vs CSCL - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	CBOA	CSCL
2026	-7.27%	+130.75%
2025	+5.24%	+20.49%

CBOA vs CSCL 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 CSCL was -27.15%, occurring on Feb 12, 2026. Recovery took 49 trading sessions.

The current CBOA drawdown is -8.65%. The current CSCL drawdown is -12.81%.

Rank	CBOA	CSCL
#1	-8.65% Jan 14, 2026 - Jun 5, 2026	-27.15% Feb 9, 2026 - Apr 21, 2026
#2	-3.08% Oct 6, 2025 - Jan 14, 2026	-16.92% Dec 10, 2025 - Feb 3, 2026
#3	-0.60% Sep 18, 2025 - Oct 1, 2025	-15.59% Aug 8, 2025 - Oct 28, 2025
#4	-0.56% May 27, 2025 - Jun 9, 2025	-12.81% Jun 4, 2026 - Jun 5, 2026
#5	-0.42% Jun 16, 2025 - Jun 24, 2025	-9.24% Nov 3, 2025 - Nov 13, 2025
#6	-0.38% Aug 13, 2025 - Aug 22, 2025	-7.80% Nov 19, 2025 - Dec 8, 2025
#7	-0.37% Aug 22, 2025 - Sep 3, 2025	-7.44% Jul 3, 2025 - Aug 8, 2025
#8	-0.36% Jul 14, 2025 - Aug 7, 2025	-7.35% May 18, 2026 - May 22, 2026
#9	-0.29% Jun 11, 2025 - Jun 16, 2025	-6.76% Apr 22, 2026 - Apr 30, 2026
#10	-0.17% Apr 28, 2025 - May 1, 2025	-5.82% May 5, 2026 - May 8, 2026
#11	-0.17% Jun 30, 2025 - Jul 2, 2025	-4.65% Feb 3, 2026 - Feb 6, 2026
#12	-0.17% Sep 3, 2025 - Sep 5, 2025	-3.77% Oct 28, 2025 - Oct 30, 2025
#13	-0.14% May 1, 2025 - May 7, 2025	-3.49% May 22, 2026 - Jun 1, 2026
#14	-0.14% May 13, 2025 - May 16, 2025	-2.45% Jun 2, 2026 - Jun 4, 2026
#15	-0.12% May 22, 2025 - May 27, 2025	-2.26% Jun 30, 2025 - Jul 3, 2025

Correlation

Correlation between CBOA and CSCL is -0.67 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.67

-101