CBXY vs WEPN

Comparison between Calamos Bitcoin 90 Series Structured Alt Protection ETF July (CBXY, ETF) and NICHOLAS DEFENSE AND RARE EARTH INCOME ETF (WEPN, ETF).

CBXY vs WEPN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CBXY(ETF)	WEPN(ETF)
Net Assets	$5.50M	$5.60M
Expense Ratio	0.69%	1.11%
Max Drawdown	16.91%	15.92%
Sharpe Ratio	-1.57	-0.77
5Y Beta	0.28	1.64
P/E Ratio	N/A	43.85
Forward P/E	N/A	34.11
Debt to Equity	N/A	52.81%
P/S Ratio	N/A	3.39
P/B Ratio	N/A	5.43

Net Assets

CBXY

$5.50M

Winner

WEPN

$5.60M

Expense Ratio

Winner

CBXY

0.69%

WEPN

1.11%

Max Drawdown

CBXY

16.91%

Winner

WEPN

15.92%

Sharpe Ratio

CBXY

-1.57

Winner

WEPN

-0.77

5Y Beta

Winner

CBXY

0.28

WEPN

1.64

P/E Ratio

CBXY

N/A

WEPN

43.85

Forward P/E

CBXY

N/A

WEPN

34.11

Debt to Equity

CBXY

N/A

WEPN

52.81%

P/S Ratio

CBXY

N/A

WEPN

3.39

P/B Ratio

CBXY

N/A

WEPN

5.43

CBXY vs WEPN - Historical Returns

Returns include dividend reinvestment.

Period	CBXY	WEPN
1 month	-0.81%	+2.42%
3 months	-0.84%	-5.39%
6 months	-6.12%	N/A
1 year	-11.00%	N/A
Max(CAGR)	-12.03%	-23.52%

CBXY

-0.81%

Winner

WEPN

+2.42%

Winner

CBXY

-0.84%

WEPN

-5.39%

CBXY

-6.12%

WEPN

N/A

CBXY

-11.00%

WEPN

N/A

Max(CAGR)

Winner

CBXY

-12.03%

WEPN

-23.52%

CBXY vs WEPN - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	CBXY	WEPN
2026	-5.92%	-6.67%
2025	-6.16%	N/A

CBXY vs WEPN Drawdown Comparison

The maximum drawdown for CBXY was -15.78%, occurring on Apr 2, 2026. This drawdown has not yet recovered.

The maximum drawdown for WEPN was -15.13%, occurring on Mar 30, 2026. Recovery took 61 trading sessions.

The current CBXY drawdown is -15.66%. The current WEPN drawdown is -8.69%.

Rank	CBXY	WEPN
#1	-15.78% Oct 6, 2025 - Apr 2, 2026	-15.13% Mar 4, 2026 - Jun 1, 2026
#2	-3.53% Aug 13, 2025 - Oct 2, 2025	-8.69% Jun 1, 2026 - Jun 5, 2026
#3	-1.67% Jul 14, 2025 - Aug 11, 2025	N/A
#4	-0.10% Aug 11, 2025 - Aug 13, 2025	N/A