CBTA vs PMDE
Comparison between Calamos Bitcoin 80 Series Structured Alt Protection ETF April (CBTA, ETF) and PGIM S&P 500 MAX BUFFER ETF - DECEMBER (PMDE, ETF).
CBTA vs PMDE - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
CBTA
$4M
Winner
PMDE
$4.10M
Expense Ratio
CBTA
0.69%
Winner
PMDE
0.50%
Max Drawdown
CBTA
40.34%
Winner
PMDE
1.59%
Sharpe Ratio
CBTA
-1.40
Winner
PMDE
0.68
5Y Beta
CBTA
0.66
Winner
PMDE
0.16
CBTA vs PMDE - Historical Returns
Returns include dividend reinvestment.
1M
Winner
CBTA
+3.92%
PMDE
+0.58%
3M
CBTA
-8.45%
Winner
PMDE
+1.41%
6M
CBTA
-25.72%
Winner
PMDE
+2.62%
1Y
CBTA
-34.10%
PMDE
N/A
Max(CAGR)
CBTA
-11.97%
Winner
PMDE
+5.46%
CBTA vs PMDE - Annual Returns (2025 - 2026)
Returns include dividend reinvestment.
| Year | CBTA | PMDE |
|---|---|---|
| 2026 | -25.73% | +2.95% |
| 2025 | +11.80% | +0.46% |
CBTA vs PMDE Drawdown Comparison
The maximum drawdown for CBTA was -39.82%, occurring on Jun 30, 2026. This drawdown has not yet recovered.
The maximum drawdown for PMDE was -1.59%, occurring on Mar 30, 2026. Recovery took 51 trading sessions.
The current CBTA drawdown is -36.66%. The current PMDE drawdown is -0.19%.
| Rank | CBTA | PMDE |
|---|---|---|
| #1 | -39.82% Oct 6, 2025 - Jun 30, 2026 | -1.59% Jan 28, 2026 - Apr 13, 2026 |
| #2 | -4.25% Sep 18, 2025 - Oct 2, 2025 | -0.52% Jun 2, 2026 - Jun 15, 2026 |
| #3 | -3.83% Aug 13, 2025 - Sep 12, 2025 | -0.48% Jan 13, 2026 - Jan 26, 2026 |
| #4 | -3.29% May 27, 2025 - Jun 10, 2025 | -0.41% Dec 11, 2025 - Dec 22, 2025 |
| #5 | -2.83% Jul 14, 2025 - Aug 12, 2025 | -0.33% Jun 16, 2026 - Jul 1, 2026 |
| #6 | -1.96% Jun 16, 2025 - Jun 25, 2025 | -0.25% Jul 22, 2026 - Jul 23, 2026 |
| #7 | -1.75% Jun 10, 2025 - Jun 16, 2025 | -0.19% May 13, 2026 - May 22, 2026 |
| #8 | -1.32% Apr 9, 2025 - Apr 11, 2025 | -0.14% May 1, 2026 - May 5, 2026 |
| #9 | -1.09% May 2, 2025 - May 7, 2025 | -0.14% Jul 15, 2026 - Jul 22, 2026 |
| #10 | -0.86% Jun 30, 2025 - Jul 2, 2025 | -0.13% Dec 30, 2025 - Jan 5, 2026 |
| #11 | -0.69% May 22, 2025 - May 27, 2025 | -0.12% Apr 17, 2026 - Apr 24, 2026 |
| #12 | -0.62% Sep 12, 2025 - Sep 18, 2025 | -0.10% Dec 22, 2025 - Dec 26, 2025 |
| #13 | -0.48% Apr 29, 2025 - May 1, 2025 | -0.08% Dec 5, 2025 - Dec 10, 2025 |
| #14 | -0.45% Apr 25, 2025 - Apr 29, 2025 | -0.08% Jul 6, 2026 - Jul 9, 2026 |
| #15 | -0.30% May 13, 2025 - May 16, 2025 | -0.06% Apr 27, 2026 - Apr 30, 2026 |
Correlation
Correlation between CBTA and PMDE is -0.53 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.
-0.53
-101
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