MEMS vs CBTJ

Comparison between MATTHEWS EMERGING MARKETS DISCOVERY ACTIVE ETF (MEMS, ETF) and Calamos Bitcoin 80 Series Structured Alt Protection ETF January (CBTJ, ETF).

MEMS vs CBTJ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MEMS(ETF)	CBTJ(ETF)
Net Assets	$22M	$22M
Expense Ratio	0.89%	0.69%
Max Drawdown	23.29%	41.78%
Sharpe Ratio	0.96	-1.41
5Y Beta	0.81	0.55

Net Assets

MEMS

$22M

Winner

CBTJ

$22M

Expense Ratio

MEMS

0.89%

Winner

CBTJ

0.69%

Max Drawdown

Winner

MEMS

23.29%

CBTJ

41.78%

Sharpe Ratio

Winner

MEMS

0.96

CBTJ

-1.41

5Y Beta

MEMS

0.81

Winner

CBTJ

0.55

MEMS vs CBTJ - Historical Returns

Returns include dividend reinvestment.

Period	MEMS	CBTJ
1 month	-4.58%	-14.16%
3 months	+12.29%	-8.06%
6 months	+18.69%	-22.51%
1 year	+24.19%	-30.87%
Max(CAGR)	+9.34%	-22.10%

Winner

MEMS

-4.58%

CBTJ

-14.16%

Winner

MEMS

+12.29%

CBTJ

-8.06%

Winner

MEMS

+18.69%

CBTJ

-22.51%

Winner

MEMS

+24.19%

CBTJ

-30.87%

Max(CAGR)

Winner

MEMS

+9.34%

CBTJ

-22.10%

MEMS vs CBTJ - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	MEMS	CBTJ
2026	+17.38%	-21.15%
2025	+11.55%	-11.30%
2024	-5.64%	N/A

MEMS vs CBTJ Drawdown Comparison

The maximum drawdown for MEMS was -22.21%, occurring on Apr 8, 2025. Recovery took 229 trading sessions.

The maximum drawdown for CBTJ was -40.97%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The current MEMS drawdown is -6.34%. The current CBTJ drawdown is -40.97%.

Rank	MEMS	CBTJ
#1	-22.21% Oct 7, 2024 - Sep 8, 2025	-40.97% Oct 6, 2025 - Jun 5, 2026
#2	-13.05% Feb 25, 2026 - Apr 15, 2026	-9.86% Feb 20, 2025 - May 8, 2025
#3	-10.19% Mar 1, 2024 - Sep 26, 2024	-7.63% Aug 13, 2025 - Oct 2, 2025
#4	-8.43% Sep 17, 2025 - Jan 26, 2026	-4.26% May 22, 2025 - Jun 10, 2025
#5	-7.70% May 8, 2026 - May 19, 2026	-3.86% Jul 14, 2025 - Aug 12, 2025
#6	-3.14% Jan 28, 2026 - Feb 9, 2026	-3.35% Jun 10, 2025 - Jul 2, 2025
#7	-2.82% Jan 12, 2024 - Feb 15, 2024	-1.92% Feb 10, 2025 - Feb 20, 2025
#8	-2.43% Apr 22, 2026 - Apr 24, 2026	-0.82% Feb 5, 2025 - Feb 10, 2025
#9	-2.29% Oct 2, 2024 - Oct 7, 2024	-0.75% May 13, 2025 - May 19, 2025
#10	-2.26% Apr 24, 2026 - May 1, 2026	-0.66% Jul 2, 2025 - Jul 9, 2025
#11	-1.75% Apr 20, 2026 - Apr 22, 2026	-0.59% May 9, 2025 - May 13, 2025
#12	-1.61% Feb 11, 2026 - Feb 19, 2026	N/A
#13	-1.61% Feb 20, 2026 - Feb 25, 2026	N/A
#14	-1.45% Feb 27, 2024 - Mar 1, 2024	N/A
#15	-1.13% Sep 27, 2024 - Oct 2, 2024	N/A

Correlation

Correlation between MEMS and CBTJ is -0.57 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.57

-101