CBOA vs ETEC

Comparison between Calamos Bitcoin Structured Alt Protection ETF April (CBOA, ETF) and ISHARES BREAKTHROUGH ENVIRONMENTAL SOLUTIONS ETF (ETEC, ETF).

CBOA vs ETEC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CBOA(ETF)	ETEC(ETF)
Net Assets	$4.80M	$4.90M
Expense Ratio	0.69%	0.47%
Max Drawdown	10.71%	42.59%
Sharpe Ratio	-1.88	0.92
5Y Beta	0.10	1.09

Net Assets

CBOA

$4.80M

Winner

ETEC

$4.90M

Expense Ratio

CBOA

0.69%

Winner

ETEC

0.47%

Max Drawdown

Winner

CBOA

10.71%

ETEC

42.59%

Sharpe Ratio

CBOA

-1.88

Winner

ETEC

0.92

5Y Beta

Winner

CBOA

0.10

ETEC

1.09

CBOA vs ETEC - Historical Returns

Returns include dividend reinvestment.

Period	CBOA	ETEC
1 month	+0.52%	-9.01%
3 months	-1.32%	-6.18%
6 months	-6.92%	+2.26%
1 year	-6.34%	+25.36%
Max(CAGR)	-0.86%	+2.77%

Winner

CBOA

+0.52%

ETEC

-9.01%

Winner

CBOA

-1.32%

ETEC

-6.18%

CBOA

-6.92%

Winner

ETEC

+2.26%

CBOA

-6.34%

Winner

ETEC

+25.36%

Max(CAGR)

CBOA

-0.86%

Winner

ETEC

+2.77%

CBOA vs ETEC - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

Year	CBOA	ETEC
2026	-6.49%	+6.19%
2025	+5.24%	+31.34%
2024	N/A	-16.01%
2023	N/A	-6.39%

CBOA vs ETEC Drawdown Comparison

The maximum drawdown for CBOA was -8.92%, occurring on Jun 30, 2026. This drawdown has not yet recovered.

The maximum drawdown for ETEC was -39.65%, occurring on Apr 8, 2025. Recovery took 612 trading sessions.

The current CBOA drawdown is -7.89%. The current ETEC drawdown is -16.01%.

Rank	CBOA	ETEC
#1	-8.92% Jan 14, 2026 - Jun 30, 2026	-39.65% Jul 28, 2023 - Jan 6, 2026
#2	-3.08% Oct 6, 2025 - Jan 14, 2026	-16.26% Jun 3, 2026 - Jul 20, 2026
#3	-0.60% Sep 18, 2025 - Oct 1, 2025	-10.49% Feb 11, 2026 - Apr 30, 2026
#4	-0.56% May 27, 2025 - Jun 9, 2025	-8.37% Mar 31, 2023 - Jul 12, 2023
#5	-0.42% Jun 16, 2025 - Jun 24, 2025	-5.80% May 14, 2026 - May 26, 2026
#6	-0.38% Aug 13, 2025 - Aug 22, 2025	-2.35% Jan 12, 2026 - Jan 22, 2026
#7	-0.37% Aug 22, 2025 - Sep 3, 2025	-1.90% Jul 18, 2023 - Jul 26, 2023
#8	-0.36% Jul 14, 2025 - Aug 7, 2025	-1.75% May 6, 2026 - May 8, 2026
#9	-0.29% Jun 11, 2025 - Jun 16, 2025	-1.51% Feb 4, 2026 - Feb 6, 2026
#10	-0.17% Apr 28, 2025 - May 1, 2025	-1.46% May 28, 2026 - Jun 3, 2026
#11	-0.17% Jun 30, 2025 - Jul 2, 2025	-1.44% Jan 29, 2026 - Feb 3, 2026
#12	-0.17% Sep 3, 2025 - Sep 5, 2025	-1.26% Jul 26, 2023 - Jul 28, 2023
#13	-0.14% May 1, 2025 - May 7, 2025	-1.20% Jul 13, 2023 - Jul 17, 2023
#14	-0.14% May 13, 2025 - May 16, 2025	-1.01% May 11, 2026 - May 13, 2026
#15	-0.12% May 22, 2025 - May 27, 2025	-0.80% Jan 6, 2026 - Jan 12, 2026

Correlation

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

-0.58

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