CBTO vs JNEU

Comparison between Calamos Bitcoin 80 Series Structured Alt Protection ETF October (CBTO, ETF) and ALLIANZIM U.S. EQUITY BUFFER15 UNCAPPED JUN ETF (JNEU, ETF).

CBTO vs JNEU - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CBTO(ETF)	JNEU(ETF)
Net Assets	$32M	$32M
Expense Ratio	0.69%	0.74%
Max Drawdown	21.34%	13.53%
Sharpe Ratio	-2.99	1.46
5Y Beta	0.40	0.69

Net Assets

CBTO

$32M

JNEU

$32M

Expense Ratio

Winner

CBTO

0.69%

JNEU

0.74%

Max Drawdown

CBTO

21.34%

Winner

JNEU

13.53%

Sharpe Ratio

CBTO

-2.99

Winner

JNEU

1.46

5Y Beta

Winner

CBTO

0.40

JNEU

0.69

CBTO vs JNEU - Historical Returns

Returns include dividend reinvestment.

Period	CBTO	JNEU
1 month	-2.86%	+0.89%
3 months	-2.52%	+11.05%
6 months	-9.97%	+8.59%
1 year	N/A	+19.94%
Max(CAGR)	-29.31%	+14.62%

CBTO

-2.86%

Winner

JNEU

+0.89%

CBTO

-2.52%

Winner

JNEU

+11.05%

CBTO

-9.97%

Winner

JNEU

+8.59%

CBTO

N/A

JNEU

+19.94%

Max(CAGR)

CBTO

-29.31%

Winner

JNEU

+14.62%

CBTO vs JNEU - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	CBTO	JNEU
2026	-9.21%	+8.44%
2025	-13.81%	+11.52%
2024	N/A	+8.93%

CBTO vs JNEU Drawdown Comparison

The maximum drawdown for CBTO was -21.17%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The maximum drawdown for JNEU was -13.53%, occurring on Apr 8, 2025. Recovery took 93 trading sessions.

The current CBTO drawdown is -21.15%. The current JNEU drawdown is -1.72%.

Rank	CBTO	JNEU
#1	-21.17% Oct 8, 2025 - Jun 5, 2026	-13.53% Feb 19, 2025 - Jul 3, 2025
#2	N/A	-8.05% Jan 12, 2026 - Apr 15, 2026
#3	N/A	-6.41% Jul 16, 2024 - Sep 19, 2024
#4	N/A	-4.50% Oct 28, 2025 - Jan 6, 2026
#5	N/A	-4.09% Dec 6, 2024 - Jan 23, 2025
#6	N/A	-2.96% Jun 2, 2026 - Jun 10, 2026
#7	N/A	-2.47% Oct 8, 2025 - Oct 24, 2025
#8	N/A	-2.30% Oct 14, 2024 - Nov 6, 2024
#9	N/A	-1.98% May 14, 2026 - May 26, 2026
#10	N/A	-1.87% Jul 25, 2025 - Aug 12, 2025
#11	N/A	-1.82% Nov 11, 2024 - Nov 26, 2024
#12	N/A	-1.72% Jan 23, 2025 - Feb 18, 2025
#13	N/A	-1.29% Aug 14, 2025 - Aug 27, 2025
#14	N/A	-1.21% Sep 22, 2025 - Oct 1, 2025
#15	N/A	-1.16% Aug 28, 2025 - Sep 9, 2025

Correlation

Correlation between CBTO and JNEU is -0.37 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.37

-101