PMAU vs CBTL

Comparison between PGIM S&P 500 MAX BUFFER ETF - AUGUST (PMAU, ETF) and Calamos Laddered Bitcoin 80 Series Structured Alt Protection ETF (CBTL, ETF).

PMAU vs CBTL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PMAU(ETF)	CBTL(ETF)
Net Assets	$3.70M	$3.70M
Expense Ratio	0.50%	0.79%
Max Drawdown	1.79%	29.62%
Sharpe Ratio	1.26	-2.38
5Y Beta	0.18	0.83

Net Assets

PMAU

$3.70M

CBTL

$3.70M

Expense Ratio

Winner

PMAU

0.50%

CBTL

0.79%

Max Drawdown

Winner

PMAU

1.79%

CBTL

29.62%

Sharpe Ratio

Winner

PMAU

1.26

CBTL

-2.38

5Y Beta

Winner

PMAU

0.18

CBTL

0.83

PMAU vs CBTL - Historical Returns

Returns include dividend reinvestment.

Period	PMAU	CBTL
1 month	+0.61%	-8.25%
3 months	+2.32%	-5.90%
6 months	+3.17%	-17.58%
1 year	+5.84%	N/A
Max(CAGR)	+6.96%	-40.35%

Winner

PMAU

+0.61%

CBTL

-8.25%

Winner

PMAU

+2.32%

CBTL

-5.90%

Winner

PMAU

+3.17%

CBTL

-17.58%

PMAU

+5.84%

CBTL

N/A

Max(CAGR)

Winner

PMAU

+6.96%

CBTL

-40.35%

PMAU vs CBTL - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	PMAU	CBTL
2026	+2.78%	-17.37%
2025	+2.98%	-14.41%

PMAU vs CBTL Drawdown Comparison

The maximum drawdown for PMAU was -1.79%, occurring on Mar 30, 2026. Recovery took 30 trading sessions.

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

The current PMAU drawdown is -0.19%. The current CBTL drawdown is -28.94%.

Rank	PMAU	CBTL
#1	-1.79% Feb 25, 2026 - Apr 9, 2026	-28.94% Oct 27, 2025 - Jun 5, 2026
#2	-0.79% Oct 28, 2025 - Nov 28, 2025	-3.27% Oct 14, 2025 - Oct 27, 2025
#3	-0.47% Aug 6, 2025 - Aug 22, 2025	N/A
#4	-0.47% Oct 6, 2025 - Oct 20, 2025	N/A
#5	-0.44% Feb 2, 2026 - Feb 9, 2026	N/A
#6	-0.35% Jan 16, 2026 - Jan 23, 2026	N/A
#7	-0.30% Feb 10, 2026 - Feb 25, 2026	N/A
#8	-0.27% Dec 11, 2025 - Dec 19, 2025	N/A
#9	-0.26% Aug 28, 2025 - Sep 4, 2025	N/A
#10	-0.22% Sep 22, 2025 - Sep 30, 2025	N/A
#11	-0.19% Jun 2, 2026 - Jun 5, 2026	N/A
#12	-0.14% Aug 22, 2025 - Aug 27, 2025	N/A
#13	-0.13% Jan 27, 2026 - Feb 2, 2026	N/A
#14	-0.11% Apr 17, 2026 - Apr 22, 2026	N/A
#15	-0.11% Jan 12, 2026 - Jan 16, 2026	N/A

Correlation

Correlation between PMAU and CBTL is -0.69 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.69

-101