CBXJ vs OWNB

Comparison between Calamos Bitcoin 90 Series Structured Alt Protection ETF January (CBXJ, ETF) and BITWISE BITCOIN STANDARD CORPORATIONS ETF (OWNB, ETF).

CBXJ vs OWNB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CBXJ(ETF)	OWNB(ETF)
Net Assets	$22M	$22M
Expense Ratio	0.69%	0.85%
Max Drawdown	30.55%	59.77%
Sharpe Ratio	-1.46	-0.52
5Y Beta	0.34	2.13
P/E Ratio	N/A	-77.69
Forward P/E	N/A	3.00
Debt to Equity	N/A	62.68%
P/S Ratio	N/A	3.64
P/B Ratio	N/A	1.80

Net Assets

CBXJ

$22M

Winner

OWNB

$22M

Expense Ratio

Winner

CBXJ

0.69%

OWNB

0.85%

Max Drawdown

Winner

CBXJ

30.55%

OWNB

59.77%

Sharpe Ratio

CBXJ

-1.46

Winner

OWNB

-0.52

5Y Beta

Winner

CBXJ

0.34

OWNB

2.13

P/E Ratio

CBXJ

N/A

OWNB

-77.69

Forward P/E

CBXJ

N/A

OWNB

3.00

Debt to Equity

CBXJ

N/A

OWNB

62.68%

P/S Ratio

CBXJ

N/A

OWNB

3.64

P/B Ratio

CBXJ

N/A

OWNB

1.80

CBXJ vs OWNB - Historical Returns

Returns include dividend reinvestment.

Period	CBXJ	OWNB
1 month	-8.60%	-14.83%
3 months	-4.62%	+0.02%
6 months	-14.68%	-24.39%
1 year	-20.62%	-32.69%
Max(CAGR)	-14.16%	-11.88%

Winner

CBXJ

-8.60%

OWNB

-14.83%

CBXJ

-4.62%

Winner

OWNB

+0.02%

Winner

CBXJ

-14.68%

OWNB

-24.39%

Winner

CBXJ

-20.62%

OWNB

-32.69%

Max(CAGR)

CBXJ

-14.16%

Winner

OWNB

-11.88%

CBXJ vs OWNB - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	CBXJ	OWNB
2026	-12.81%	-16.57%
2025	-7.62%	-3.57%

CBXJ vs OWNB Drawdown Comparison

The maximum drawdown for CBXJ was -29.22%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The maximum drawdown for OWNB was -59.47%, occurring on Mar 30, 2026. This drawdown has not yet recovered.

The current CBXJ drawdown is -29.22%. The current OWNB drawdown is -50.03%.

Rank	CBXJ	OWNB
#1	-29.22% Oct 6, 2025 - Jun 5, 2026	-59.47% Oct 15, 2025 - Mar 30, 2026
#2	-5.34% Feb 20, 2025 - May 1, 2025	-28.43% Mar 24, 2025 - May 8, 2025
#3	-4.80% Aug 13, 2025 - Oct 2, 2025	-22.47% Jul 16, 2025 - Oct 6, 2025
#4	-2.66% Jul 14, 2025 - Aug 12, 2025	-17.71% May 21, 2025 - Jul 2, 2025
#5	-2.59% May 22, 2025 - Jun 10, 2025	-6.69% Oct 6, 2025 - Oct 15, 2025
#6	-1.98% Jun 10, 2025 - Jun 26, 2025	-6.12% May 13, 2025 - May 19, 2025
#7	-1.24% Feb 10, 2025 - Feb 20, 2025	-4.43% Mar 17, 2025 - Mar 19, 2025
#8	-0.90% Jun 26, 2025 - Jul 2, 2025	-3.64% Jul 14, 2025 - Jul 16, 2025
#9	-0.83% May 1, 2025 - May 8, 2025	-3.42% Jul 3, 2025 - Jul 9, 2025
#10	-0.52% Feb 5, 2025 - Feb 10, 2025	-3.35% Mar 12, 2025 - Mar 14, 2025
#11	-0.41% Jul 3, 2025 - Jul 9, 2025	-0.20% Mar 19, 2025 - Mar 21, 2025
#12	-0.37% May 9, 2025 - May 13, 2025	N/A
#13	-0.23% May 13, 2025 - May 16, 2025	N/A