CBXJ vs FEAC

Comparison between Calamos Bitcoin 90 Series Structured Alt Protection ETF January (CBXJ, ETF) and FIDELITY ENHANCED U.S. ALL-CAP EQUITY ETF (FEAC, ETF).

CBXJ vs FEAC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CBXJ(ETF)	FEAC(ETF)
Net Assets	$17M	$17M
Expense Ratio	0.69%	0.18%
Max Drawdown	31.45%	19.30%
Sharpe Ratio	-1.51	1.28
5Y Beta	0.32	0.98
P/E Ratio	N/A	29.89
Forward P/E	N/A	18.65
5Y EPS CAGR	N/A	31.09%
Debt to Equity	N/A	114.53%
P/S Ratio	N/A	2.85
P/B Ratio	N/A	4.82

Net Assets

CBXJ

$17M

FEAC

$17M

Expense Ratio

CBXJ

0.69%

Winner

FEAC

0.18%

Max Drawdown

CBXJ

31.45%

Winner

FEAC

19.30%

Sharpe Ratio

CBXJ

-1.51

Winner

FEAC

1.28

5Y Beta

Winner

CBXJ

0.32

FEAC

0.98

P/E Ratio

CBXJ

N/A

FEAC

29.89

Forward P/E

CBXJ

N/A

FEAC

18.65

5Y EPS CAGR

CBXJ

N/A

FEAC

31.09%

Debt to Equity

CBXJ

N/A

FEAC

114.53%

P/S Ratio

CBXJ

N/A

FEAC

2.85

P/B Ratio

CBXJ

N/A

FEAC

4.82

CBXJ vs FEAC - Historical Returns

Returns include dividend reinvestment.

Period	CBXJ	FEAC
1 month	+6.90%	+3.42%
3 months	+0.73%	+3.57%
6 months	+2.95%	+12.79%
1 year	-19.45%	+23.20%
Max(CAGR)	-8.24%	+17.81%

Winner

CBXJ

+6.90%

FEAC

+3.42%

CBXJ

+0.73%

Winner

FEAC

+3.57%

CBXJ

+2.95%

Winner

FEAC

+12.79%

CBXJ

-19.45%

Winner

FEAC

+23.20%

Max(CAGR)

CBXJ

-8.24%

Winner

FEAC

+17.81%

CBXJ vs FEAC - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	CBXJ	FEAC
2026	-6.51%	+14.80%
2025	-7.62%	+18.11%
2024	N/A	-1.69%

CBXJ vs FEAC Drawdown Comparison

The maximum drawdown for CBXJ was -30.14%, occurring on Jun 30, 2026. This drawdown has not yet recovered.

The maximum drawdown for FEAC was -18.96%, occurring on Apr 8, 2025. Recovery took 137 trading sessions.

The current CBXJ drawdown is -24.12%. The current FEAC drawdown is -2.32%.

Rank	CBXJ	FEAC
#1	-30.14% Oct 6, 2025 - Jun 30, 2026	-18.96% Dec 5, 2024 - Jun 26, 2025
#2	-5.34% Feb 20, 2025 - May 1, 2025	-8.14% Jan 27, 2026 - Apr 14, 2026
#3	-4.80% Aug 13, 2025 - Oct 2, 2025	-5.80% Oct 28, 2025 - Dec 10, 2025
#4	-2.66% Jul 14, 2025 - Aug 12, 2025	-4.43% Jun 2, 2026 - Jul 15, 2026
#5	-2.59% May 22, 2025 - Jun 10, 2025	-3.30% Oct 8, 2025 - Oct 21, 2025
#6	-1.98% Jun 10, 2025 - Jun 26, 2025	-2.84% Aug 19, 2026 - Aug 20, 2026
#7	-1.24% Feb 10, 2025 - Feb 20, 2025	-2.79% Jul 15, 2026 - Aug 3, 2026
#8	-0.90% Jun 26, 2025 - Jul 2, 2025	-2.73% Dec 11, 2025 - Dec 23, 2025
#9	-0.83% May 1, 2025 - May 8, 2025	-2.30% Jul 25, 2025 - Aug 8, 2025
#10	-0.52% Feb 5, 2025 - Feb 10, 2025	-2.14% Jan 12, 2026 - Jan 27, 2026
#11	-0.41% Jul 3, 2025 - Jul 9, 2025	-2.05% May 14, 2026 - May 26, 2026
#12	-0.37% May 9, 2025 - May 13, 2025	-1.75% Aug 14, 2025 - Aug 27, 2025
#13	-0.23% May 13, 2025 - May 16, 2025	-1.56% Sep 22, 2025 - Oct 1, 2025
#14	N/A	-1.32% Aug 28, 2025 - Sep 8, 2025
#15	N/A	-1.31% Dec 24, 2025 - Jan 6, 2026

Correlation

Correlation between CBXJ and FEAC is -0.62 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.62

-101