OWNB vs CVRT

Comparison between BITWISE BITCOIN STANDARD CORPORATIONS ETF (OWNB, ETF) and Calamos Convertible Equity Alternative ETF (CVRT, ETF).

OWNB vs CVRT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	OWNB(ETF)	CVRT(ETF)
Net Assets	$22M	$22M
Expense Ratio	0.85%	0.69%
Max Drawdown	59.77%	21.13%
Sharpe Ratio	-0.52	2.26
5Y Beta	2.13	1.00
P/E Ratio	-77.69	N/A
Forward P/E	3.00	N/A
Debt to Equity	62.68%	N/A
P/S Ratio	3.64	N/A
P/B Ratio	1.80	N/A

Net Assets

OWNB

$22M

Winner

CVRT

$22M

Expense Ratio

OWNB

0.85%

Winner

CVRT

0.69%

Max Drawdown

OWNB

59.77%

Winner

CVRT

21.13%

Sharpe Ratio

OWNB

-0.52

Winner

CVRT

2.26

5Y Beta

OWNB

2.13

Winner

CVRT

1.00

P/E Ratio

OWNB

-77.69

CVRT

N/A

Forward P/E

OWNB

3.00

CVRT

N/A

Debt to Equity

OWNB

62.68%

CVRT

N/A

P/S Ratio

OWNB

3.64

CVRT

N/A

P/B Ratio

OWNB

1.80

CVRT

N/A

OWNB vs CVRT - Historical Returns

Returns include dividend reinvestment.

Period	OWNB	CVRT
1 month	-14.83%	+0.80%
3 months	+0.02%	+21.19%
6 months	-24.39%	+32.64%
1 year	-32.69%	+66.84%
Max(CAGR)	-11.88%	+33.66%

OWNB

-14.83%

Winner

CVRT

+0.80%

OWNB

+0.02%

Winner

CVRT

+21.19%

OWNB

-24.39%

Winner

CVRT

+32.64%

OWNB

-32.69%

Winner

CVRT

+66.84%

Max(CAGR)

OWNB

-11.88%

Winner

CVRT

+33.66%

OWNB vs CVRT - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

Year	OWNB	CVRT
2026	-16.57%	+30.09%
2025	-3.57%	+29.40%
2024	N/A	+16.12%
2023	N/A	+11.01%

OWNB vs CVRT Drawdown Comparison

The maximum drawdown for OWNB was -59.47%, occurring on Mar 30, 2026. This drawdown has not yet recovered.

The maximum drawdown for CVRT was -20.71%, occurring on Apr 8, 2025. Recovery took 149 trading sessions.

The current OWNB drawdown is -50.03%. The current CVRT drawdown is -6.47%.

Rank	OWNB	CVRT
#1	-59.47% Oct 15, 2025 - Mar 30, 2026	-20.71% Nov 29, 2024 - Jul 9, 2025
#2	-28.43% Mar 24, 2025 - May 8, 2025	-9.41% Jul 16, 2024 - Sep 19, 2024
#3	-22.47% Jul 16, 2025 - Oct 6, 2025	-8.60% Feb 25, 2026 - Apr 8, 2026
#4	-17.71% May 21, 2025 - Jul 2, 2025	-8.52% Oct 11, 2023 - Nov 29, 2023
#5	-6.69% Oct 6, 2025 - Oct 15, 2025	-7.97% Mar 27, 2024 - Jul 16, 2024
#6	-6.12% May 13, 2025 - May 19, 2025	-7.52% Nov 10, 2025 - Dec 10, 2025
#7	-4.43% Mar 17, 2025 - Mar 19, 2025	-6.47% Jun 2, 2026 - Jun 5, 2026
#8	-3.64% Jul 14, 2025 - Jul 16, 2025	-6.24% Feb 12, 2024 - Mar 4, 2024
#9	-3.42% Jul 3, 2025 - Jul 9, 2025	-6.16% May 11, 2026 - May 29, 2026
#10	-3.35% Mar 12, 2025 - Mar 14, 2025	-5.22% Jan 28, 2026 - Feb 6, 2026
#11	-0.20% Mar 19, 2025 - Mar 21, 2025	-5.02% Dec 26, 2023 - Feb 9, 2024
#12	N/A	-4.73% Dec 11, 2025 - Jan 5, 2026
#13	N/A	-4.05% Oct 15, 2025 - Oct 27, 2025
#14	N/A	-3.21% Nov 3, 2025 - Nov 10, 2025
#15	N/A	-3.09% Jul 17, 2025 - Aug 22, 2025

Correlation

Correlation between OWNB and CVRT is -0.49 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.49

-101