CBTO vs XNAV

Comparison between Calamos Bitcoin 80 Series Structured Alt Protection ETF October (CBTO, ETF) and FUNDX AGGRESSIVE ETF (XNAV, ETF).

CBTO vs XNAV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CBTO(ETF)	XNAV(ETF)
Net Assets	$31M	$31M
Expense Ratio	0.69%	1.27%
Max Drawdown	21.34%	24.27%
Sharpe Ratio	-3.02	1.66
5Y Beta	0.41	1.15

Net Assets

CBTO

$31M

Winner

XNAV

$31M

Expense Ratio

Winner

CBTO

0.69%

XNAV

1.27%

Max Drawdown

Winner

CBTO

21.34%

XNAV

24.27%

Sharpe Ratio

CBTO

-3.02

Winner

XNAV

1.66

5Y Beta

Winner

CBTO

0.41

XNAV

1.15

CBTO vs XNAV - Historical Returns

Returns include dividend reinvestment.

Period	CBTO	XNAV
1 month	-3.50%	+0.98%
3 months	-2.80%	+12.36%
6 months	-9.81%	+17.47%
1 year	N/A	+36.60%
Max(CAGR)	-30.04%	+22.22%

CBTO

-3.50%

Winner

XNAV

+0.98%

CBTO

-2.80%

Winner

XNAV

+12.36%

CBTO

-9.81%

Winner

XNAV

+17.47%

CBTO

N/A

XNAV

+36.60%

Max(CAGR)

CBTO

-30.04%

Winner

XNAV

+22.22%

CBTO vs XNAV - Annual Returns (2022 - 2026)

Returns include dividend reinvestment.

Year	CBTO	XNAV
2026	-9.23%	+15.44%
2025	-13.81%	+13.49%
2024	N/A	+27.48%
2023	N/A	+17.28%
2022	N/A	+7.01%

CBTO vs XNAV 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 XNAV was -24.27%, occurring on Apr 8, 2025. Recovery took 141 trading sessions.

The current CBTO drawdown is -21.17%. The current XNAV drawdown is -5.99%.

Rank	CBTO	XNAV
#1	-21.17% Oct 8, 2025 - Jun 5, 2026	-24.27% Feb 18, 2025 - Sep 10, 2025
#2	N/A	-15.72% Jul 10, 2024 - Nov 6, 2024
#3	N/A	-12.25% Jul 18, 2023 - Dec 11, 2023
#4	N/A	-11.47% Feb 25, 2026 - Apr 16, 2026
#5	N/A	-10.47% Nov 30, 2022 - Jun 6, 2023
#6	N/A	-7.46% Mar 22, 2024 - May 15, 2024
#7	N/A	-6.64% Oct 29, 2025 - Dec 10, 2025
#8	N/A	-5.99% Jun 2, 2026 - Jun 5, 2026
#9	N/A	-5.44% Jan 28, 2026 - Feb 25, 2026
#10	N/A	-5.25% Dec 16, 2024 - Jan 22, 2025
#11	N/A	-3.73% Jan 23, 2025 - Feb 18, 2025
#12	N/A	-3.31% Dec 11, 2025 - Dec 23, 2025
#13	N/A	-3.25% Oct 8, 2025 - Oct 20, 2025
#14	N/A	-3.11% Dec 28, 2023 - Jan 11, 2024
#15	N/A	-3.09% May 11, 2026 - May 26, 2026

Correlation

Correlation between CBTO and XNAV is -0.69 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.69

-101