CBTL vs COPZ

Comparison between Calamos Laddered Bitcoin 80 Series Structured Alt Protection ETF (CBTL, ETF) and DEFIANCE DAILY TARGET 2X LONG COPPER ETF (COPZ, ETF).

CBTL vs COPZ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CBTL(ETF)	COPZ(ETF)
Net Assets	$3.70M	$3.70M
Expense Ratio	0.79%	N/A
Max Drawdown	29.62%	49.79%
Sharpe Ratio	-2.38	-0.39
5Y Beta	0.83	5.95

Net Assets

CBTL

$3.70M

COPZ

$3.70M

Expense Ratio

CBTL

0.79%

COPZ

N/A

Max Drawdown

Winner

CBTL

29.62%

COPZ

49.79%

Sharpe Ratio

CBTL

-2.38

Winner

COPZ

-0.39

5Y Beta

Winner

CBTL

0.83

COPZ

5.95

CBTL vs COPZ - Holdings Comparison

CBTL and COPZ have 0 common holdings. Overlap is 0.00%

CBTL's top 25 holdings weight is 99.63%. COPZ's top 25 holdings weight is 18.42%.

Rank	CBTL	COPZ
#1	CALAMOS BITCOIN 80 STR ALT PRT ETF-OCT (CBTO) - 28.26%	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 18.42%
#2	CALAMOS BITCOIN 80 STR ALT PRT ETF-JULY (CBTY) - 26.20%	N/A
#3	CALAMOS BITCOIN 80 STR ALT PRT ETF-APR (CBTA) - 22.59%	N/A
#4	CALAMOS BITCOIN 80 STR ALT PRT ETF-JAN (CBTJ) - 22.58%	N/A
#5	N/A	N/A
#6	N/A	N/A
#7	N/A	N/A
#8	N/A	N/A
#9	N/A	N/A
#10	N/A	N/A
#11	N/A	N/A
#12	N/A	N/A
#13	N/A	N/A
#14	N/A	N/A
#15	N/A	N/A
#16	N/A	N/A
#17	N/A	N/A
#18	N/A	N/A
#19	N/A	N/A
#20	N/A	N/A
#21	N/A	N/A
#22	N/A	N/A
#23	N/A	N/A
#24	N/A	N/A
#25	N/A	N/A
Total Holdings	4	1

CBTL vs COPZ - Historical Returns

Returns include dividend reinvestment.

Period	CBTL	COPZ
1 month	-8.25%	+0.02%
3 months	-5.90%	-15.75%
6 months	-17.58%	N/A
Max(CAGR)	-40.35%	-64.29%

CBTL

-8.25%

Winner

COPZ

+0.02%

Winner

CBTL

-5.90%

COPZ

-15.75%

CBTL

-17.58%

COPZ

N/A

Max(CAGR)

Winner

CBTL

-40.35%

COPZ

-64.29%

CBTL vs COPZ - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	CBTL	COPZ
2026	-17.37%	-26.04%
2025	-14.41%	N/A

CBTL vs COPZ Drawdown Comparison

The maximum drawdown for CBTL was -28.94%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The maximum drawdown for COPZ was -49.79%, occurring on Mar 20, 2026. This drawdown has not yet recovered.

The current CBTL drawdown is -28.94%. The current COPZ drawdown is -38.76%.

Rank	CBTL	COPZ
#1	-28.94% Oct 27, 2025 - Jun 5, 2026	-49.79% Feb 27, 2026 - Mar 20, 2026
#2	-3.27% Oct 14, 2025 - Oct 27, 2025	-1.31% Feb 18, 2026 - Feb 20, 2026
#3	N/A	-0.86% Feb 25, 2026 - Feb 27, 2026