CBXJ vs UPW

Comparison between Calamos Bitcoin 90 Series Structured Alt Protection ETF January (CBXJ, ETF) and PROSHARES ULTRA UTILITIES (UPW, ETF).

CBXJ vs UPW - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CBXJ(ETF)	UPW(ETF)
Net Assets	$17M	$17M
Expense Ratio	0.69%	N/A
Max Drawdown	31.45%	79.48%
Sharpe Ratio	-1.51	-0.01
5Y Beta	0.32	0.61
P/E Ratio	N/A	19.39
Forward P/E	N/A	17.81
PEG Ratio	N/A	0.79
5Y Dividends CAGR	N/A	25.54%
5Y EPS CAGR	N/A	12.76%
Debt to Equity	N/A	126.72%
P/S Ratio	N/A	2.82
P/B Ratio	N/A	2.20

Net Assets

CBXJ

$17M

UPW

$17M

Expense Ratio

CBXJ

0.69%

UPW

N/A

Max Drawdown

Winner

CBXJ

31.45%

UPW

79.48%

Sharpe Ratio

CBXJ

-1.51

Winner

UPW

-0.01

5Y Beta

Winner

CBXJ

0.32

UPW

0.61

P/E Ratio

CBXJ

N/A

UPW

19.39

Forward P/E

CBXJ

N/A

UPW

17.81

PEG Ratio

CBXJ

N/A

UPW

0.79

5Y Dividends CAGR

CBXJ

N/A

UPW

25.54%

5Y EPS CAGR

CBXJ

N/A

UPW

12.76%

Debt to Equity

CBXJ

N/A

UPW

126.72%

P/S Ratio

CBXJ

N/A

UPW

2.82

P/B Ratio

CBXJ

N/A

UPW

2.20

CBXJ vs UPW - Historical Returns

Returns include dividend reinvestment.

Period	CBXJ	UPW
1 month	+6.90%	-12.82%
3 months	+0.73%	-9.25%
6 months	+2.95%	-17.59%
1 year	-19.45%	+2.25%
5 years(CAGR)	N/A	+12.21%
10 years(CAGR)	N/A	+14.46%
Max(CAGR)	-8.24%	+28.12%

Winner

CBXJ

+6.90%

UPW

-12.82%

Winner

CBXJ

+0.73%

UPW

-9.25%

Winner

CBXJ

+2.95%

UPW

-17.59%

CBXJ

-19.45%

Winner

UPW

+2.25%

5Y(CAGR)

CBXJ

N/A

UPW

+12.21%

10Y(CAGR)

CBXJ

N/A

UPW

+14.46%

Max(CAGR)

CBXJ

-8.24%

Winner

UPW

+28.12%

CBXJ vs UPW - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	CBXJ	UPW
2026	-6.51%	-1.89%
2025	-7.62%	+26.57%
2024	N/A	+41.96%
2023	N/A	-16.95%
2022	N/A	+1.99%
2021	N/A	+45.85%
2020	N/A	-12.23%
2019	N/A	+57.24%
2018	N/A	+10.65%
2017	N/A	+28.82%
2016	N/A	+48.41%
2015	N/A	+10.19%
2014	N/A	+98.39%
2013	N/A	+59.91%
2012	N/A	+24.22%
2011	N/A	+67.22%
2010	N/A	+49.74%
2009	N/A	+56.21%
2008	N/A	-46.54%
2007	N/A	+134.01%

CBXJ vs UPW 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 UPW was -71.55%, occurring on Mar 9, 2009. Recovery took 564 trading sessions.

The current CBXJ drawdown is -24.12%. The current UPW drawdown is -18.82%.

Rank	CBXJ	UPW
#1	-30.14% Oct 6, 2025 - Jun 30, 2026	-71.55% Jun 25, 2008 - Sep 21, 2010
#2	-5.34% Feb 20, 2025 - May 1, 2025	-62.67% Feb 18, 2020 - Mar 24, 2022
#3	-4.80% Aug 13, 2025 - Oct 2, 2025	-45.81% Sep 12, 2022 - Aug 30, 2024
#4	-2.66% Jul 14, 2025 - Aug 12, 2025	-29.26% Apr 8, 2022 - Aug 12, 2022
#5	-2.59% May 22, 2025 - Jun 10, 2025	-25.82% Nov 14, 2017 - Oct 8, 2018
#6	-1.98% Jun 10, 2025 - Jun 26, 2025	-24.87% Jan 10, 2008 - Jun 24, 2008
#7	-1.24% Feb 10, 2025 - Feb 20, 2025	-23.81% Jul 6, 2016 - Mar 21, 2017
#8	-0.90% Jun 26, 2025 - Jul 2, 2025	-23.60% Jan 29, 2015 - Oct 20, 2015
#9	-0.83% May 1, 2025 - May 8, 2025	-23.24% Jul 21, 2011 - Sep 21, 2011
#10	-0.52% Feb 5, 2025 - Feb 10, 2025	-20.83% Feb 27, 2026 - Aug 21, 2026
#11	-0.41% Jul 3, 2025 - Jul 9, 2025	-20.53% Apr 30, 2013 - Jul 23, 2013
#12	-0.37% May 9, 2025 - May 13, 2025	-20.23% Nov 27, 2024 - May 19, 2025
#13	-0.23% May 13, 2025 - May 16, 2025	-19.35% Jul 19, 2007 - Sep 26, 2007
#14	N/A	-18.94% Oct 15, 2025 - Feb 24, 2026
#15	N/A	-18.13% Jun 30, 2014 - Oct 8, 2014

Correlation

Correlation between CBXJ and UPW is -0.46 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.46

-101

Dividend Comparison (2007 - 2026)

CBXJ vs UPW dividend yield comparison.

Year	CBXJ	UPW
2026	0.00%	0.76%
2025	1.97%	5.48%
2024	0.00%	7.32%
2023	0.00%	9.59%
2022	0.00%	6.19%
2021	0.00%	5.20%
2020	0.00%	3.30%
2019	0.00%	3.33%
2018	0.00%	7.90%
2017	0.00%	6.04%
2016	0.00%	13.45%
2015	0.00%	25.87%
2014	0.00%	20.34%
2013	0.00%	26.86%
2012	0.00%	22.77%
2011	0.00%	21.45%
2010	0.00%	31.57%
2009	0.00%	29.09%
2008	0.00%	44.53%
2007	0.00%	84.39%