CBTJ vs PQOC

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

CBTJ vs PQOC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CBTJ(ETF)	PQOC(ETF)
Net Assets	$19M	$19M
Expense Ratio	0.69%	0.50%
Max Drawdown	43.19%	13.71%
Sharpe Ratio	-1.69	1.30
5Y Beta	0.55	0.69

Net Assets

CBTJ

$19M

PQOC

$19M

Expense Ratio

CBTJ

0.69%

Winner

PQOC

0.50%

Max Drawdown

CBTJ

43.19%

Winner

PQOC

13.71%

Sharpe Ratio

CBTJ

-1.69

Winner

PQOC

1.30

5Y Beta

Winner

CBTJ

0.55

PQOC

0.69

CBTJ vs PQOC - Historical Returns

Returns include dividend reinvestment.

Period	CBTJ	PQOC
1 month	+0.75%	+0.10%
3 months	-8.14%	+5.47%
6 months	-18.83%	+8.87%
1 year	-35.70%	+15.76%
Max(CAGR)	-19.07%	+15.59%

Winner

CBTJ

+0.75%

PQOC

+0.10%

CBTJ

-8.14%

Winner

PQOC

+5.47%

CBTJ

-18.83%

Winner

PQOC

+8.87%

CBTJ

-35.70%

Winner

PQOC

+15.76%

Max(CAGR)

CBTJ

-19.07%

Winner

PQOC

+15.59%

CBTJ vs PQOC - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	CBTJ	PQOC
2026	-19.23%	+9.33%
2025	-11.30%	+14.67%

CBTJ vs PQOC Drawdown Comparison

The maximum drawdown for CBTJ was -42.40%, occurring on Jun 30, 2026. This drawdown has not yet recovered.

The maximum drawdown for PQOC was -13.71%, occurring on Apr 8, 2025. Recovery took 72 trading sessions.

The current CBTJ drawdown is -39.53%. The current PQOC drawdown is -0.30%.

Rank	CBTJ	PQOC
#1	-42.40% Oct 6, 2025 - Jun 30, 2026	-13.71% Feb 19, 2025 - Jun 3, 2025
#2	-9.86% Feb 20, 2025 - May 8, 2025	-6.68% Jan 28, 2026 - Apr 14, 2026
#3	-7.63% Aug 13, 2025 - Oct 2, 2025	-4.00% Oct 29, 2025 - Dec 10, 2025
#4	-4.26% May 22, 2025 - Jun 10, 2025	-2.10% Dec 10, 2025 - Dec 23, 2025
#5	-3.86% Jul 14, 2025 - Aug 12, 2025	-2.07% Jun 1, 2026 - Jun 15, 2026
#6	-3.35% Jun 10, 2025 - Jul 2, 2025	-1.96% Oct 9, 2025 - Oct 20, 2025
#7	-1.92% Feb 10, 2025 - Feb 20, 2025	-1.73% Jan 12, 2026 - Jan 26, 2026
#8	-0.82% Feb 5, 2025 - Feb 10, 2025	-1.64% Jan 6, 2025 - Jan 17, 2025
#9	-0.75% May 13, 2025 - May 19, 2025	-1.62% Jan 23, 2025 - Feb 6, 2025
#10	-0.66% Jul 2, 2025 - Jul 9, 2025	-1.21% Aug 14, 2025 - Aug 28, 2025
#11	-0.59% May 9, 2025 - May 13, 2025	-1.20% Jun 15, 2026 - Jun 30, 2026
#12	N/A	-1.18% Jul 30, 2025 - Aug 6, 2025
#13	N/A	-1.08% Jul 10, 2026 - Jul 17, 2026
#14	N/A	-0.93% Dec 26, 2025 - Jan 7, 2026
#15	N/A	-0.92% Aug 28, 2025 - Sep 4, 2025

Correlation

Correlation between CBTJ and PQOC is -0.56 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.56

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