OBOR vs CBTA

Comparison between KRANESHARES MSCI ONE BELT ONE ROAD INDEX ETF (OBOR, ETF) and Calamos Bitcoin 80 Series Structured Alt Protection ETF April (CBTA, ETF).

OBOR vs CBTA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	OBOR(ETF)	CBTA(ETF)
Net Assets	$3.90M	$4M
Expense Ratio	0.79%	0.69%
Max Drawdown	44.00%	40.34%
Sharpe Ratio	0.19	-1.40
5Y Beta	0.44	0.66
5Y Dividends CAGR	-13.24%	N/A

Net Assets

OBOR

$3.90M

Winner

CBTA

$4M

Expense Ratio

OBOR

0.79%

Winner

CBTA

0.69%

Max Drawdown

OBOR

44.00%

Winner

CBTA

40.34%

Sharpe Ratio

Winner

OBOR

0.19

CBTA

-1.40

5Y Beta

Winner

OBOR

0.44

CBTA

0.66

5Y Dividends CAGR

OBOR

-13.24%

CBTA

N/A

OBOR vs CBTA - Historical Returns

Returns include dividend reinvestment.

Period	OBOR	CBTA
1 month	+0.24%	+3.92%
3 months	-7.14%	-8.45%
6 months	-9.78%	-25.72%
1 year	+6.05%	-34.10%
5 years(CAGR)	+0.36%	N/A
10 years(CAGR)	+3.06%	N/A
Max(CAGR)	+3.06%	-11.97%

OBOR

+0.24%

Winner

CBTA

+3.92%

Winner

OBOR

-7.14%

CBTA

-8.45%

Winner

OBOR

-9.78%

CBTA

-25.72%

Winner

OBOR

+6.05%

CBTA

-34.10%

5Y(CAGR)

OBOR

+0.36%

CBTA

N/A

10Y(CAGR)

OBOR

+3.06%

CBTA

N/A

Max(CAGR)

Winner

OBOR

+3.06%

CBTA

-11.97%

OBOR vs CBTA - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	OBOR	CBTA
2026	-2.79%	-25.73%
2025	+28.90%	+11.80%
2024	+8.85%	N/A
2023	-8.72%	N/A
2022	-22.25%	N/A
2021	+14.09%	N/A
2020	+11.22%	N/A
2019	+16.97%	N/A
2018	-16.42%	N/A
2017	+1.74%	N/A

OBOR vs CBTA Drawdown Comparison

The maximum drawdown for OBOR was -41.55%, occurring on Mar 20, 2020. Recovery took 729 trading sessions.

The maximum drawdown for CBTA was -39.82%, occurring on Jun 30, 2026. This drawdown has not yet recovered.

The current OBOR drawdown is -13.51%. The current CBTA drawdown is -36.66%.

Rank	OBOR	CBTA
#1	-41.55% Jan 26, 2018 - Dec 17, 2020	-39.82% Oct 6, 2025 - Jun 30, 2026
#2	-33.97% Feb 16, 2022 - Jan 6, 2026	-4.25% Sep 18, 2025 - Oct 2, 2025
#3	-14.95% Feb 27, 2026 - Jul 13, 2026	-3.83% Aug 13, 2025 - Sep 12, 2025
#4	-6.42% Jan 21, 2021 - Feb 9, 2021	-3.29% May 27, 2025 - Jun 10, 2025
#5	-6.21% Jan 29, 2026 - Feb 25, 2026	-2.83% Jul 14, 2025 - Aug 12, 2025
#6	-6.11% Oct 19, 2021 - Jan 12, 2022	-1.96% Jun 16, 2025 - Jun 25, 2025
#7	-6.05% Feb 17, 2021 - Apr 23, 2021	-1.75% Jun 10, 2025 - Jun 16, 2025
#8	-5.02% Sep 13, 2021 - Oct 15, 2021	-1.32% Apr 9, 2025 - Apr 11, 2025
#9	-4.81% Jan 12, 2022 - Feb 16, 2022	-1.09% May 2, 2025 - May 7, 2025
#10	-4.79% Aug 4, 2021 - Sep 2, 2021	-0.86% Jun 30, 2025 - Jul 2, 2025
#11	-4.78% Jun 1, 2021 - Aug 4, 2021	-0.69% May 22, 2025 - May 27, 2025
#12	-3.07% May 7, 2021 - Jun 1, 2021	-0.62% Sep 12, 2025 - Sep 18, 2025
#13	-2.85% Nov 1, 2017 - Dec 28, 2017	-0.48% Apr 29, 2025 - May 1, 2025
#14	-2.70% Sep 11, 2017 - Oct 13, 2017	-0.45% Apr 25, 2025 - Apr 29, 2025
#15	-2.58% Dec 18, 2020 - Dec 28, 2020	-0.30% May 13, 2025 - May 16, 2025

Correlation

Correlation between OBOR and CBTA is -0.64 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.64

-101