CBTJ vs PQAP

Comparison between Calamos Bitcoin 80 Series Structured Alt Protection ETF January (CBTJ, ETF) and PGIM NASDAQ-100 BUFFER 12 ETF - APRIL (PQAP, ETF).

CBTJ vs PQAP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CBTJ(ETF)	PQAP(ETF)
Net Assets	$22M	$22M
Expense Ratio	0.69%	0.50%
Max Drawdown	41.78%	10.79%
Sharpe Ratio	-1.41	3.09
5Y Beta	0.55	0.55

Net Assets

CBTJ

$22M

PQAP

$22M

Expense Ratio

CBTJ

0.69%

Winner

PQAP

0.50%

Max Drawdown

CBTJ

41.78%

Winner

PQAP

10.79%

Sharpe Ratio

CBTJ

-1.41

Winner

PQAP

3.09

5Y Beta

Winner

CBTJ

0.55

PQAP

0.55

CBTJ vs PQAP - Historical Returns

Returns include dividend reinvestment.

Period	CBTJ	PQAP
1 month	-14.16%	+0.71%
3 months	-8.06%	+9.43%
6 months	-22.51%	+11.29%
1 year	-30.87%	+20.11%
Max(CAGR)	-22.10%	+18.03%

CBTJ

-14.16%

Winner

PQAP

+0.71%

CBTJ

-8.06%

Winner

PQAP

+9.43%

CBTJ

-22.51%

Winner

PQAP

+11.29%

CBTJ

-30.87%

Winner

PQAP

+20.11%

Max(CAGR)

CBTJ

-22.10%

Winner

PQAP

+18.03%

CBTJ vs PQAP - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	CBTJ	PQAP
2026	-21.15%	+10.53%
2025	-11.30%	+14.48%

CBTJ vs PQAP Drawdown Comparison

The maximum drawdown for CBTJ was -40.97%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The maximum drawdown for PQAP was -10.79%, occurring on Apr 8, 2025. Recovery took 57 trading sessions.

The current CBTJ drawdown is -40.97%. The current PQAP drawdown is -1.50%.

Rank	CBTJ	PQAP
#1	-40.97% Oct 6, 2025 - Jun 5, 2026	-10.79% Feb 19, 2025 - May 12, 2025
#2	-9.86% Feb 20, 2025 - May 8, 2025	-1.50% Jun 1, 2026 - Jun 5, 2026
#3	-7.63% Aug 13, 2025 - Oct 2, 2025	-1.39% Oct 28, 2025 - Nov 26, 2025
#4	-4.26% May 22, 2025 - Jun 10, 2025	-1.08% May 19, 2025 - May 27, 2025
#5	-3.86% Jul 14, 2025 - Aug 12, 2025	-0.89% Oct 8, 2025 - Oct 20, 2025
#6	-3.35% Jun 10, 2025 - Jul 2, 2025	-0.85% Jan 6, 2025 - Jan 17, 2025
#7	-1.92% Feb 10, 2025 - Feb 20, 2025	-0.81% Jan 23, 2025 - Feb 5, 2025
#8	-0.82% Feb 5, 2025 - Feb 10, 2025	-0.80% Jul 31, 2025 - Aug 4, 2025
#9	-0.75% May 13, 2025 - May 19, 2025	-0.79% Jan 28, 2026 - Feb 20, 2026
#10	-0.66% Jul 2, 2025 - Jul 9, 2025	-0.78% Aug 13, 2025 - Aug 28, 2025
#11	-0.59% May 9, 2025 - May 13, 2025	-0.63% Jun 10, 2025 - Jun 16, 2025
#12	N/A	-0.56% Aug 28, 2025 - Sep 4, 2025
#13	N/A	-0.49% May 14, 2026 - May 21, 2026
#14	N/A	-0.47% Jun 16, 2025 - Jun 23, 2025
#15	N/A	-0.43% Mar 4, 2026 - Mar 9, 2026

Correlation

Correlation between CBTJ and PQAP is -0.59 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.59

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