CBOJ vs SCAP

Comparison between Calamos Bitcoin Structured Alt Protection ETF January (CBOJ, ETF) and INFRASTRUCTURE CAPITAL SMALL CAP INCOME ETF (SCAP, ETF).

CBOJ vs SCAP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CBOJ(ETF)	SCAP(ETF)
Net Assets	$20M	$20M
Expense Ratio	0.69%	2.20%
Max Drawdown	10.92%	26.61%
Sharpe Ratio	-1.65	1.39
5Y Beta	0.08	0.91
P/E Ratio	N/A	22.80
Forward P/E	N/A	12.70
5Y EPS CAGR	N/A	19.34%
P/S Ratio	N/A	0.83
P/B Ratio	N/A	2.07

Net Assets

CBOJ

$20M

SCAP

$20M

Expense Ratio

Winner

CBOJ

0.69%

SCAP

2.20%

Max Drawdown

Winner

CBOJ

10.92%

SCAP

26.61%

Sharpe Ratio

CBOJ

-1.65

Winner

SCAP

1.39

5Y Beta

Winner

CBOJ

0.08

SCAP

0.91

P/E Ratio

CBOJ

N/A

SCAP

22.80

Forward P/E

CBOJ

N/A

SCAP

12.70

5Y EPS CAGR

CBOJ

N/A

SCAP

19.34%

P/S Ratio

CBOJ

N/A

SCAP

0.83

P/B Ratio

CBOJ

N/A

SCAP

2.07

CBOJ vs SCAP - Historical Returns

Returns include dividend reinvestment.

Period	CBOJ	SCAP
1 month	-1.85%	+4.30%
3 months	-0.34%	+15.80%
6 months	-2.23%	+11.33%
1 year	-4.34%	+28.71%
Max(CAGR)	-1.70%	+19.62%

CBOJ

-1.85%

Winner

SCAP

+4.30%

CBOJ

-0.34%

Winner

SCAP

+15.80%

CBOJ

-2.23%

Winner

SCAP

+11.33%

CBOJ

-4.34%

Winner

SCAP

+28.71%

Max(CAGR)

CBOJ

-1.70%

Winner

SCAP

+19.62%

CBOJ vs SCAP - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

Year	CBOJ	SCAP
2026	-1.74%	+11.51%
2025	-0.82%	+11.94%
2024	N/A	+16.63%
2023	N/A	+6.21%

CBOJ vs SCAP Drawdown Comparison

The maximum drawdown for CBOJ was -8.13%, occurring on Feb 5, 2026. This drawdown has not yet recovered.

The maximum drawdown for SCAP was -24.10%, occurring on Apr 8, 2025. Recovery took 197 trading sessions.

The current CBOJ drawdown is -7.86%.

Rank	CBOJ	SCAP
#1	-8.13% Oct 6, 2025 - Feb 5, 2026	-24.10% Nov 25, 2024 - Sep 11, 2025
#2	-1.70% Jan 30, 2025 - May 1, 2025	-11.55% Feb 10, 2026 - May 5, 2026
#3	-1.58% Aug 13, 2025 - Sep 18, 2025	-9.01% Jul 31, 2024 - Sep 19, 2024
#4	-1.33% Sep 18, 2025 - Oct 1, 2025	-7.46% Sep 18, 2025 - Nov 28, 2025
#5	-0.91% May 22, 2025 - Jun 26, 2025	-6.92% Mar 28, 2024 - May 14, 2024
#6	-0.65% Jul 14, 2025 - Aug 7, 2025	-4.83% May 15, 2024 - Jul 11, 2024
#7	-0.27% Jun 26, 2025 - Jul 2, 2025	-4.63% May 8, 2026 - May 28, 2026
#8	-0.15% May 15, 2025 - May 19, 2025	-4.31% Oct 16, 2024 - Nov 6, 2024
#9	-0.12% Jul 3, 2025 - Jul 9, 2025	-3.94% Dec 26, 2023 - Feb 12, 2024
#10	-0.09% Aug 7, 2025 - Aug 11, 2025	-3.31% Jan 21, 2026 - Feb 6, 2026
#11	-0.09% May 13, 2025 - May 15, 2025	-3.10% Feb 12, 2024 - Feb 15, 2024
#12	-0.08% Jan 23, 2025 - Jan 29, 2025	-3.08% Nov 11, 2024 - Nov 22, 2024
#13	-0.08% May 9, 2025 - May 13, 2025	-2.91% Sep 19, 2024 - Oct 16, 2024
#14	-0.00% May 5, 2025 - May 7, 2025	-2.53% Jun 4, 2026 - Jun 9, 2026
#15	N/A	-2.40% Dec 11, 2025 - Jan 5, 2026

Correlation

Correlation between CBOJ and SCAP is -0.45 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.45

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