IBGC vs CBTL

Comparison between iShares iBonds Dec 2046 Term Treasury ETF (IBGC, ETF) and Calamos Laddered Bitcoin 80 Series Structured Alt Protection ETF (CBTL, ETF).

IBGC vs CBTL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IBGC(ETF)	CBTL(ETF)
Net Assets	$3.70M	$3.70M
Expense Ratio	0.07%	0.79%
Max Drawdown	4.67%	29.62%
Sharpe Ratio	-0.27	-2.38
5Y Beta	0.31	0.83

Net Assets

IBGC

$3.70M

CBTL

$3.70M

Expense Ratio

Winner

IBGC

0.07%

CBTL

0.79%

Max Drawdown

Winner

IBGC

4.67%

CBTL

29.62%

Sharpe Ratio

Winner

IBGC

-0.27

CBTL

-2.38

5Y Beta

Winner

IBGC

0.31

CBTL

0.83

IBGC vs CBTL - Historical Returns

Returns include dividend reinvestment.

Period	IBGC	CBTL
1 month	-0.20%	-8.25%
3 months	N/A	-5.90%
6 months	N/A	-17.58%
Max(CAGR)	+1.05%	-40.35%

Winner

IBGC

-0.20%

CBTL

-8.25%

IBGC

N/A

CBTL

-5.90%

IBGC

N/A

CBTL

-17.58%

Max(CAGR)

Winner

IBGC

+1.05%

CBTL

-40.35%

IBGC vs CBTL - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	IBGC	CBTL
2026	+0.20%	-17.37%
2025	N/A	-14.41%

IBGC vs CBTL Drawdown Comparison

The maximum drawdown for IBGC was -4.29%, occurring on May 19, 2026. This drawdown has not yet recovered.

The maximum drawdown for CBTL was -28.94%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The current IBGC drawdown is -1.88%. The current CBTL drawdown is -28.94%.

Rank	IBGC	CBTL
#1	-4.29% Apr 14, 2026 - May 19, 2026	-28.94% Oct 27, 2025 - Jun 5, 2026
#2	-0.44% Apr 8, 2026 - Apr 14, 2026	-3.27% Oct 14, 2025 - Oct 27, 2025
#3	-0.36% Mar 26, 2026 - Mar 30, 2026	N/A
#4	-0.24% Mar 31, 2026 - Apr 2, 2026	N/A
#5	-0.20% Apr 2, 2026 - Apr 8, 2026	N/A