PMMR vs CBXY

Comparison between PGIM S&P 500 MAX BUFFER ETF - MARCH (PMMR, ETF) and Calamos Bitcoin 90 Series Structured Alt Protection ETF July (CBXY, ETF).

PMMR vs CBXY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PMMR(ETF)	CBXY(ETF)
Net Assets	$5.40M	$5.50M
Expense Ratio	0.50%	0.69%
Max Drawdown	2.35%	16.91%
Sharpe Ratio	1.77	-1.57
5Y Beta	0.13	0.28

Net Assets

PMMR

$5.40M

Winner

CBXY

$5.50M

Expense Ratio

Winner

PMMR

0.50%

CBXY

0.69%

Max Drawdown

Winner

PMMR

2.35%

CBXY

16.91%

Sharpe Ratio

Winner

PMMR

1.77

CBXY

-1.57

5Y Beta

Winner

PMMR

0.13

CBXY

0.28

PMMR vs CBXY - Historical Returns

Returns include dividend reinvestment.

Period	PMMR	CBXY
1 month	+0.33%	-0.81%
3 months	+1.48%	-0.84%
6 months	+2.86%	-6.12%
1 year	+7.24%	-11.00%
Max(CAGR)	+6.60%	-12.03%

Winner

PMMR

+0.33%

CBXY

-0.81%

Winner

PMMR

+1.48%

CBXY

-0.84%

Winner

PMMR

+2.86%

CBXY

-6.12%

Winner

PMMR

+7.24%

CBXY

-11.00%

Max(CAGR)

Winner

PMMR

+6.60%

CBXY

-12.03%

PMMR vs CBXY - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	PMMR	CBXY
2026	+2.31%	-5.92%
2025	+5.90%	-6.16%

PMMR vs CBXY Drawdown Comparison

The maximum drawdown for PMMR was -2.35%, occurring on Apr 7, 2025. Recovery took 41 trading sessions.

The maximum drawdown for CBXY was -15.78%, occurring on Apr 2, 2026. This drawdown has not yet recovered.

The current PMMR drawdown is -0.24%. The current CBXY drawdown is -15.66%.

Rank	PMMR	CBXY
#1	-2.35% Mar 5, 2025 - May 2, 2025	-15.78% Oct 6, 2025 - Apr 2, 2026
#2	-1.27% Mar 2, 2026 - Apr 13, 2026	-3.53% Aug 13, 2025 - Oct 2, 2025
#3	-0.63% Nov 12, 2025 - Nov 26, 2025	-1.67% Jul 14, 2025 - Aug 11, 2025
#4	-0.46% May 27, 2025 - Jun 4, 2025	-0.10% Aug 11, 2025 - Aug 13, 2025
#5	-0.44% May 19, 2025 - May 27, 2025	N/A
#6	-0.33% Oct 8, 2025 - Oct 20, 2025	N/A
#7	-0.32% Jun 4, 2025 - Jun 10, 2025	N/A
#8	-0.29% Jul 28, 2025 - Aug 6, 2025	N/A
#9	-0.25% Oct 28, 2025 - Nov 10, 2025	N/A
#10	-0.25% May 2, 2025 - May 12, 2025	N/A
#11	-0.24% Jun 4, 2026 - Jun 5, 2026	N/A
#12	-0.21% Aug 13, 2025 - Aug 22, 2025	N/A
#13	-0.20% Jan 27, 2026 - Jan 29, 2026	N/A
#14	-0.18% Jun 12, 2025 - Jun 16, 2025	N/A
#15	-0.17% Jan 16, 2026 - Jan 22, 2026	N/A

Correlation

Correlation between PMMR and CBXY is -0.91 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-0.91

-101