CBXA vs CONX
Comparison between Calamos Bitcoin 90 Series Structured Alt Protection ETF April (CBXA, ETF) and Direxion Daily COIN Bull 2X ETF (CONX, ETF).
CBXA vs CONX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
CBXA
$4.50M
CONX
$4.50M
Expense Ratio
CBXA
0.69%
CONX
N/A
Max Drawdown
Winner
CBXA
30.33%
CONX
78.68%
Sharpe Ratio
CBXA
-1.44
Winner
CONX
-0.94
5Y Beta
Winner
CBXA
0.38
CONX
6.27
CBXA vs CONX - Historical Returns
Returns include dividend reinvestment.
1M
Winner
CBXA
-6.73%
CONX
-38.47%
3M
Winner
CBXA
-6.67%
CONX
-43.14%
6M
Winner
CBXA
-21.86%
CONX
-75.11%
1Y
CBXA
-22.92%
CONX
N/A
Max(CAGR)
Winner
CBXA
-11.35%
CONX
-90.43%
CBXA vs CONX - Annual Returns (2025 - 2026)
Returns include dividend reinvestment.
| Year | CBXA | CONX |
|---|---|---|
| 2026 | -21.94% | -65.79% |
| 2025 | +9.69% | -26.28% |
CBXA vs CONX Drawdown Comparison
The maximum drawdown for CBXA was -28.97%, occurring on Jun 5, 2026. This drawdown has not yet recovered.
The maximum drawdown for CONX was -78.44%, occurring on Jun 5, 2026. This drawdown has not yet recovered.
The current CBXA drawdown is -27.89%. The current CONX drawdown is -75.71%.
| Rank | CBXA | CONX |
|---|---|---|
| #1 | -28.97% Oct 6, 2025 - Jun 5, 2026 | -78.44% Dec 3, 2025 - Jun 5, 2026 |
| #2 | -2.43% Sep 18, 2025 - Oct 2, 2025 | -14.86% Nov 19, 2025 - Nov 26, 2025 |
| #3 | -1.77% May 27, 2025 - Jun 9, 2025 | -9.56% Nov 28, 2025 - Dec 3, 2025 |
| #4 | -1.74% Aug 13, 2025 - Sep 11, 2025 | N/A |
| #5 | -1.54% Jul 14, 2025 - Aug 11, 2025 | N/A |
| #6 | -1.25% Jun 16, 2025 - Jun 25, 2025 | N/A |
| #7 | -1.02% Jun 11, 2025 - Jun 16, 2025 | N/A |
| #8 | -0.62% May 2, 2025 - May 7, 2025 | N/A |
| #9 | -0.61% Apr 9, 2025 - Apr 11, 2025 | N/A |
| #10 | -0.45% Jun 30, 2025 - Jul 2, 2025 | N/A |
| #11 | -0.37% May 22, 2025 - May 27, 2025 | N/A |
| #12 | -0.24% May 13, 2025 - May 16, 2025 | N/A |
| #13 | -0.23% Sep 12, 2025 - Sep 16, 2025 | N/A |
| #14 | -0.22% May 9, 2025 - May 13, 2025 | N/A |
| #15 | -0.20% Apr 29, 2025 - May 1, 2025 | N/A |
Correlation
Correlation between CBXA and CONX is 0.87 which considered as a strong positive correlation - the stocks tend to move together.
0.87
-101
Dividend Comparison (2025 - 2026)
CBXA vs CONX dividend yield comparison.
| Year | CBXA | CONX |
|---|---|---|
| 2026 | 0.00% | 1.05% |
| 2025 | 1.97% | 0.42% |
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