CBXA vs NVOH

Comparison between Calamos Bitcoin 90 Series Structured Alt Protection ETF April (CBXA, ETF) and NOVO NORDISK A/S (B SHARES) ADRHEDGED (NVOH, ETF).

CBXA vs NVOH - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CBXA(ETF)	NVOH(ETF)
Net Assets	$4.50M	$4.50M
Expense Ratio	0.69%	0.19%
Max Drawdown	30.33%	62.97%
Sharpe Ratio	-1.44	-0.83
5Y Beta	0.38	0.99
P/E Ratio	N/A	10.39
Forward P/E	N/A	12.77
PEG Ratio	N/A	0.39
5Y EPS CAGR	N/A	24.26%
Debt to Equity	N/A	72.09%
P/S Ratio	N/A	0.60
P/B Ratio	N/A	6.24

Net Assets

CBXA

$4.50M

NVOH

$4.50M

Expense Ratio

CBXA

0.69%

Winner

NVOH

0.19%

Max Drawdown

Winner

CBXA

30.33%

NVOH

62.97%

Sharpe Ratio

CBXA

-1.44

Winner

NVOH

-0.83

5Y Beta

Winner

CBXA

0.38

NVOH

0.99

P/E Ratio

CBXA

N/A

NVOH

10.39

Forward P/E

CBXA

N/A

NVOH

12.77

PEG Ratio

CBXA

N/A

NVOH

0.39

5Y EPS CAGR

CBXA

N/A

NVOH

24.26%

Debt to Equity

CBXA

N/A

NVOH

72.09%

P/S Ratio

CBXA

N/A

NVOH

0.60

P/B Ratio

CBXA

N/A

NVOH

6.24

CBXA vs NVOH - Historical Returns

Returns include dividend reinvestment.

Period	CBXA	NVOH
1 month	-6.73%	-8.16%
3 months	-6.67%	+7.04%
6 months	-21.86%	-7.97%
1 year	-22.92%	-42.01%
Max(CAGR)	-11.35%	-39.99%

Winner

CBXA

-6.73%

NVOH

-8.16%

CBXA

-6.67%

Winner

NVOH

+7.04%

CBXA

-21.86%

Winner

NVOH

-7.97%

Winner

CBXA

-22.92%

NVOH

-42.01%

Max(CAGR)

Winner

CBXA

-11.35%

NVOH

-39.99%

CBXA vs NVOH - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	CBXA	NVOH
2026	-21.94%	-17.35%
2025	+9.69%	-42.96%

CBXA vs NVOH 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 NVOH was -61.59%, occurring on Mar 27, 2026. This drawdown has not yet recovered.

The current CBXA drawdown is -27.89%. The current NVOH drawdown is -55.20%.

Rank	CBXA	NVOH
#1	-28.97% Oct 6, 2025 - Jun 5, 2026	-61.59% Feb 28, 2025 - Mar 27, 2026
#2	-2.43% Sep 18, 2025 - Oct 2, 2025	-11.28% Jan 10, 2025 - Feb 24, 2025
#3	-1.77% May 27, 2025 - Jun 9, 2025	-1.12% Feb 24, 2025 - Feb 28, 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