CVRT vs OWNB

Comparison between Calamos Convertible Equity Alternative ETF (CVRT, ETF) and BITWISE BITCOIN STANDARD CORPORATIONS ETF (OWNB, ETF).

CVRT vs OWNB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CVRT(ETF)	OWNB(ETF)
Net Assets	$22M	$22M
Expense Ratio	0.69%	0.85%
Max Drawdown	21.13%	59.77%
Sharpe Ratio	2.26	-0.52
5Y Beta	1.00	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

Winner

CVRT

$22M

OWNB

$22M

Expense Ratio

Winner

CVRT

0.69%

OWNB

0.85%

Max Drawdown

Winner

CVRT

21.13%

OWNB

59.77%

Sharpe Ratio

Winner

CVRT

2.26

OWNB

-0.52

5Y Beta

Winner

CVRT

1.00

OWNB

2.13

P/E Ratio

CVRT

N/A

OWNB

-77.69

Forward P/E

CVRT

N/A

OWNB

3.00

Debt to Equity

CVRT

N/A

OWNB

62.68%

P/S Ratio

CVRT

N/A

OWNB

3.64

P/B Ratio

CVRT

N/A

OWNB

1.80

CVRT vs OWNB - Historical Returns

Returns include dividend reinvestment.

Period	CVRT	OWNB
1 month	+0.80%	-14.83%
3 months	+21.19%	+0.02%
6 months	+32.64%	-24.39%
1 year	+66.84%	-32.69%
Max(CAGR)	+33.66%	-11.88%

Winner

CVRT

+0.80%

OWNB

-14.83%

Winner

CVRT

+21.19%

OWNB

+0.02%

Winner

CVRT

+32.64%

OWNB

-24.39%

Winner

CVRT

+66.84%

OWNB

-32.69%

Max(CAGR)

Winner

CVRT

+33.66%

OWNB

-11.88%

CVRT vs OWNB - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

Year	CVRT	OWNB
2026	+30.09%	-16.57%
2025	+29.40%	-3.57%
2024	+16.12%	N/A
2023	+11.01%	N/A

CVRT vs OWNB Drawdown Comparison

The maximum drawdown for CVRT was -20.71%, occurring on Apr 8, 2025. Recovery took 149 trading sessions.

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

The current CVRT drawdown is -6.47%. The current OWNB drawdown is -50.03%.

Rank	CVRT	OWNB
#1	-20.71% Nov 29, 2024 - Jul 9, 2025	-59.47% Oct 15, 2025 - Mar 30, 2026
#2	-9.41% Jul 16, 2024 - Sep 19, 2024	-28.43% Mar 24, 2025 - May 8, 2025
#3	-8.60% Feb 25, 2026 - Apr 8, 2026	-22.47% Jul 16, 2025 - Oct 6, 2025
#4	-8.52% Oct 11, 2023 - Nov 29, 2023	-17.71% May 21, 2025 - Jul 2, 2025
#5	-7.97% Mar 27, 2024 - Jul 16, 2024	-6.69% Oct 6, 2025 - Oct 15, 2025
#6	-7.52% Nov 10, 2025 - Dec 10, 2025	-6.12% May 13, 2025 - May 19, 2025
#7	-6.47% Jun 2, 2026 - Jun 5, 2026	-4.43% Mar 17, 2025 - Mar 19, 2025
#8	-6.24% Feb 12, 2024 - Mar 4, 2024	-3.64% Jul 14, 2025 - Jul 16, 2025
#9	-6.16% May 11, 2026 - May 29, 2026	-3.42% Jul 3, 2025 - Jul 9, 2025
#10	-5.22% Jan 28, 2026 - Feb 6, 2026	-3.35% Mar 12, 2025 - Mar 14, 2025
#11	-5.02% Dec 26, 2023 - Feb 9, 2024	-0.20% Mar 19, 2025 - Mar 21, 2025
#12	-4.73% Dec 11, 2025 - Jan 5, 2026	N/A
#13	-4.05% Oct 15, 2025 - Oct 27, 2025	N/A
#14	-3.21% Nov 3, 2025 - Nov 10, 2025	N/A
#15	-3.09% Jul 17, 2025 - Aug 22, 2025	N/A

Correlation

Correlation between CVRT and OWNB is -0.49 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.49

-101