CBXO vs LULG

Comparison between Calamos Bitcoin 90 Series Structured Alt Protection ETF October (CBXO, ETF) and Leverage Shares 2X Long LULU Daily ETF (LULG, ETF).

CBXO vs LULG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CBXO(ETF)	LULG(ETF)
Net Assets	$9.90M	$9.90M
Expense Ratio	0.69%	N/A
Max Drawdown	11.92%	75.99%
Sharpe Ratio	-3.02	-1.20
5Y Beta	0.19	2.95

Net Assets

CBXO

$9.90M

LULG

$9.90M

Expense Ratio

CBXO

0.69%

LULG

N/A

Max Drawdown

Winner

CBXO

11.92%

LULG

75.99%

Sharpe Ratio

CBXO

-3.02

Winner

LULG

-1.20

5Y Beta

Winner

CBXO

0.19

LULG

2.95

CBXO vs LULG - Historical Returns

Returns include dividend reinvestment.

Period	CBXO	LULG
1 month	-0.92%	-13.31%
3 months	-0.63%	-49.03%
6 months	-4.52%	-71.70%
Max(CAGR)	-16.32%	-77.34%

Winner

CBXO

-0.92%

LULG

-13.31%

Winner

CBXO

-0.63%

LULG

-49.03%

Winner

CBXO

-4.52%

LULG

-71.70%

Max(CAGR)

Winner

CBXO

-16.32%

LULG

-77.34%

CBXO vs LULG - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	CBXO	LULG
2026	-4.15%	-72.92%
2025	-8.02%	+47.31%

CBXO vs LULG Drawdown Comparison

The maximum drawdown for CBXO was -11.47%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The maximum drawdown for LULG was -75.99%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The current CBXO drawdown is -11.39%. The current LULG drawdown is -74.18%.

Rank	CBXO	LULG
#1	-11.47% Oct 7, 2025 - Jun 5, 2026	-75.99% Jan 6, 2026 - Jun 5, 2026
#2	N/A	-8.60% Dec 5, 2025 - Dec 12, 2025
#3	N/A	-8.20% Nov 12, 2025 - Nov 25, 2025
#4	N/A	-7.21% Dec 18, 2025 - Jan 6, 2026
#5	N/A	-4.84% Nov 5, 2025 - Nov 10, 2025
#6	N/A	-2.76% Nov 28, 2025 - Dec 5, 2025
#7	N/A	-0.95% Nov 10, 2025 - Nov 12, 2025
#8	N/A	-0.04% Dec 15, 2025 - Dec 17, 2025