FEAC vs CBXJ

Comparison between FIDELITY ENHANCED U.S. ALL-CAP EQUITY ETF (FEAC, ETF) and Calamos Bitcoin 90 Series Structured Alt Protection ETF January (CBXJ, ETF).

FEAC vs CBXJ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FEAC(ETF)	CBXJ(ETF)
Net Assets	$17M	$17M
Expense Ratio	0.18%	0.69%
Max Drawdown	19.30%	31.45%
Sharpe Ratio	1.28	-1.51
5Y Beta	0.98	0.32
P/E Ratio	29.89	N/A
Forward P/E	18.65	N/A
5Y EPS CAGR	31.09%	N/A
Debt to Equity	114.53%	N/A
P/S Ratio	2.85	N/A
P/B Ratio	4.82	N/A

Net Assets

FEAC

$17M

CBXJ

$17M

Expense Ratio

Winner

FEAC

0.18%

CBXJ

0.69%

Max Drawdown

Winner

FEAC

19.30%

CBXJ

31.45%

Sharpe Ratio

Winner

FEAC

1.28

CBXJ

-1.51

5Y Beta

FEAC

0.98

Winner

CBXJ

0.32

P/E Ratio

FEAC

29.89

CBXJ

N/A

Forward P/E

FEAC

18.65

CBXJ

N/A

5Y EPS CAGR

FEAC

31.09%

CBXJ

N/A

Debt to Equity

FEAC

114.53%

CBXJ

N/A

P/S Ratio

FEAC

2.85

CBXJ

N/A

P/B Ratio

FEAC

4.82

CBXJ

N/A

FEAC vs CBXJ - Historical Returns

Returns include dividend reinvestment.

Period	FEAC	CBXJ
1 month	+3.42%	+6.90%
3 months	+3.57%	+0.73%
6 months	+12.79%	+2.95%
1 year	+23.20%	-19.45%
Max(CAGR)	+17.81%	-8.24%

FEAC

+3.42%

Winner

CBXJ

+6.90%

Winner

FEAC

+3.57%

CBXJ

+0.73%

Winner

FEAC

+12.79%

CBXJ

+2.95%

Winner

FEAC

+23.20%

CBXJ

-19.45%

Max(CAGR)

Winner

FEAC

+17.81%

CBXJ

-8.24%

FEAC vs CBXJ - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	FEAC	CBXJ
2026	+14.80%	-6.51%
2025	+18.11%	-7.62%
2024	-1.69%	N/A

FEAC vs CBXJ Drawdown Comparison

The maximum drawdown for FEAC was -18.96%, occurring on Apr 8, 2025. Recovery took 137 trading sessions.

The maximum drawdown for CBXJ was -30.14%, occurring on Jun 30, 2026. This drawdown has not yet recovered.

The current FEAC drawdown is -2.32%. The current CBXJ drawdown is -24.12%.

Rank	FEAC	CBXJ
#1	-18.96% Dec 5, 2024 - Jun 26, 2025	-30.14% Oct 6, 2025 - Jun 30, 2026
#2	-8.14% Jan 27, 2026 - Apr 14, 2026	-5.34% Feb 20, 2025 - May 1, 2025
#3	-5.80% Oct 28, 2025 - Dec 10, 2025	-4.80% Aug 13, 2025 - Oct 2, 2025
#4	-4.43% Jun 2, 2026 - Jul 15, 2026	-2.66% Jul 14, 2025 - Aug 12, 2025
#5	-3.30% Oct 8, 2025 - Oct 21, 2025	-2.59% May 22, 2025 - Jun 10, 2025
#6	-2.84% Aug 19, 2026 - Aug 20, 2026	-1.98% Jun 10, 2025 - Jun 26, 2025
#7	-2.79% Jul 15, 2026 - Aug 3, 2026	-1.24% Feb 10, 2025 - Feb 20, 2025
#8	-2.73% Dec 11, 2025 - Dec 23, 2025	-0.90% Jun 26, 2025 - Jul 2, 2025
#9	-2.30% Jul 25, 2025 - Aug 8, 2025	-0.83% May 1, 2025 - May 8, 2025
#10	-2.14% Jan 12, 2026 - Jan 27, 2026	-0.52% Feb 5, 2025 - Feb 10, 2025
#11	-2.05% May 14, 2026 - May 26, 2026	-0.41% Jul 3, 2025 - Jul 9, 2025
#12	-1.75% Aug 14, 2025 - Aug 27, 2025	-0.37% May 9, 2025 - May 13, 2025
#13	-1.56% Sep 22, 2025 - Oct 1, 2025	-0.23% May 13, 2025 - May 16, 2025
#14	-1.32% Aug 28, 2025 - Sep 8, 2025	N/A
#15	-1.31% Dec 24, 2025 - Jan 6, 2026	N/A

Correlation

Correlation between FEAC and CBXJ is -0.62 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.62

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