CBTA vs NVOH

Comparison between Calamos Bitcoin 80 Series Structured Alt Protection ETF April (CBTA, ETF) and NOVO NORDISK A/S (B SHARES) ADRHEDGED (NVOH, ETF).

CBTA vs NVOH - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CBTA(ETF)	NVOH(ETF)
Net Assets	$4.50M	$4.50M
Expense Ratio	0.69%	0.19%
Max Drawdown	39.39%	62.97%
Sharpe Ratio	-1.12	-0.83
5Y Beta	0.66	0.99
P/E Ratio	N/A	10.39
Forward P/E	N/A	12.77
PEG Ratio	N/A	0.39
5Y EPS CAGR	N/A	24.26%
Debt to Equity	N/A	72.09%
P/S Ratio	N/A	0.60
P/B Ratio	N/A	6.24

Net Assets

CBTA

$4.50M

NVOH

$4.50M

Expense Ratio

CBTA

0.69%

Winner

NVOH

0.19%

Max Drawdown

Winner

CBTA

39.39%

NVOH

62.97%

Sharpe Ratio

CBTA

-1.12

Winner

NVOH

-0.83

5Y Beta

Winner

CBTA

0.66

NVOH

0.99

P/E Ratio

CBTA

N/A

NVOH

10.39

Forward P/E

CBTA

N/A

NVOH

12.77

PEG Ratio

CBTA

N/A

NVOH

0.39

5Y EPS CAGR

CBTA

N/A

NVOH

24.26%

Debt to Equity

CBTA

N/A

NVOH

72.09%

P/S Ratio

CBTA

N/A

NVOH

0.60

P/B Ratio

CBTA

N/A

NVOH

6.24

CBTA vs NVOH - Historical Returns

Returns include dividend reinvestment.

Period	CBTA	NVOH
1 month	-11.01%	-8.16%
3 months	-6.53%	+7.04%
6 months	-26.81%	-7.97%
1 year	-30.53%	-42.01%
Max(CAGR)	-13.95%	-39.99%

CBTA

-11.01%

Winner

NVOH

-8.16%

CBTA

-6.53%

Winner

NVOH

+7.04%

CBTA

-26.81%

Winner

NVOH

-7.97%

Winner

CBTA

-30.53%

NVOH

-42.01%

Max(CAGR)

Winner

CBTA

-13.95%

NVOH

-39.99%

CBTA vs NVOH - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	CBTA	NVOH
2026	-26.51%	-17.35%
2025	+11.80%	-42.96%

CBTA vs NVOH Drawdown Comparison

The maximum drawdown for CBTA was -38.87%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The maximum drawdown for NVOH was -61.59%, occurring on Mar 27, 2026. This drawdown has not yet recovered.

The current CBTA drawdown is -37.33%. The current NVOH drawdown is -55.20%.

Rank	CBTA	NVOH
#1	-38.87% Oct 6, 2025 - Jun 5, 2026	-61.59% Feb 28, 2025 - Mar 27, 2026
#2	-4.25% Sep 18, 2025 - Oct 2, 2025	-11.28% Jan 10, 2025 - Feb 24, 2025
#3	-3.83% Aug 13, 2025 - Sep 12, 2025	-1.12% Feb 24, 2025 - Feb 28, 2025
#4	-3.29% May 27, 2025 - Jun 10, 2025	N/A
#5	-2.83% Jul 14, 2025 - Aug 12, 2025	N/A
#6	-1.96% Jun 16, 2025 - Jun 25, 2025	N/A
#7	-1.75% Jun 10, 2025 - Jun 16, 2025	N/A
#8	-1.32% Apr 9, 2025 - Apr 11, 2025	N/A
#9	-1.09% May 2, 2025 - May 7, 2025	N/A
#10	-0.86% Jun 30, 2025 - Jul 2, 2025	N/A
#11	-0.69% May 22, 2025 - May 27, 2025	N/A
#12	-0.62% Sep 12, 2025 - Sep 18, 2025	N/A
#13	-0.48% Apr 29, 2025 - May 1, 2025	N/A
#14	-0.45% Apr 25, 2025 - Apr 29, 2025	N/A
#15	-0.30% May 13, 2025 - May 16, 2025	N/A