JNEU vs CBTO

Comparison between ALLIANZIM U.S. EQUITY BUFFER15 UNCAPPED JUN ETF (JNEU, ETF) and Calamos Bitcoin 80 Series Structured Alt Protection ETF October (CBTO, ETF).

JNEU vs CBTO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	JNEU(ETF)	CBTO(ETF)
Net Assets	$32M	$32M
Expense Ratio	0.74%	0.69%
Max Drawdown	13.53%	21.34%
Sharpe Ratio	1.46	-2.99
5Y Beta	0.69	0.40

Net Assets

JNEU

$32M

CBTO

$32M

Expense Ratio

JNEU

0.74%

Winner

CBTO

0.69%

Max Drawdown

Winner

JNEU

13.53%

CBTO

21.34%

Sharpe Ratio

Winner

JNEU

1.46

CBTO

-2.99

5Y Beta

JNEU

0.69

Winner

CBTO

0.40

JNEU vs CBTO - Historical Returns

Returns include dividend reinvestment.

Period	JNEU	CBTO
1 month	+0.89%	-2.86%
3 months	+11.05%	-2.52%
6 months	+8.59%	-9.97%
1 year	+19.94%	N/A
Max(CAGR)	+14.62%	-29.31%

Winner

JNEU

+0.89%

CBTO

-2.86%

Winner

JNEU

+11.05%

CBTO

-2.52%

Winner

JNEU

+8.59%

CBTO

-9.97%

JNEU

+19.94%

CBTO

N/A

Max(CAGR)

Winner

JNEU

+14.62%

CBTO

-29.31%

JNEU vs CBTO - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	JNEU	CBTO
2026	+8.44%	-9.21%
2025	+11.52%	-13.81%
2024	+8.93%	N/A

JNEU vs CBTO Drawdown Comparison

The maximum drawdown for JNEU was -13.53%, occurring on Apr 8, 2025. Recovery took 93 trading sessions.

The maximum drawdown for CBTO was -21.17%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The current JNEU drawdown is -1.72%. The current CBTO drawdown is -21.15%.

Rank	JNEU	CBTO
#1	-13.53% Feb 19, 2025 - Jul 3, 2025	-21.17% Oct 8, 2025 - Jun 5, 2026
#2	-8.05% Jan 12, 2026 - Apr 15, 2026	N/A
#3	-6.41% Jul 16, 2024 - Sep 19, 2024	N/A
#4	-4.50% Oct 28, 2025 - Jan 6, 2026	N/A
#5	-4.09% Dec 6, 2024 - Jan 23, 2025	N/A
#6	-2.96% Jun 2, 2026 - Jun 10, 2026	N/A
#7	-2.47% Oct 8, 2025 - Oct 24, 2025	N/A
#8	-2.30% Oct 14, 2024 - Nov 6, 2024	N/A
#9	-1.98% May 14, 2026 - May 26, 2026	N/A
#10	-1.87% Jul 25, 2025 - Aug 12, 2025	N/A
#11	-1.82% Nov 11, 2024 - Nov 26, 2024	N/A
#12	-1.72% Jan 23, 2025 - Feb 18, 2025	N/A
#13	-1.29% Aug 14, 2025 - Aug 27, 2025	N/A
#14	-1.21% Sep 22, 2025 - Oct 1, 2025	N/A
#15	-1.16% Aug 28, 2025 - Sep 9, 2025	N/A

Correlation

Correlation between JNEU and CBTO is -0.37 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.37

-101