PMNV vs CBXY

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

PMNV vs CBXY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PMNV(ETF)	CBXY(ETF)
Net Assets	$5.40M	$5.50M
Expense Ratio	0.50%	0.69%
Max Drawdown	1.65%	16.91%
Sharpe Ratio	0.67	-1.55
5Y Beta	0.18	0.27

Net Assets

PMNV

$5.40M

Winner

CBXY

$5.50M

Expense Ratio

Winner

PMNV

0.50%

CBXY

0.69%

Max Drawdown

Winner

PMNV

1.65%

CBXY

16.91%

Sharpe Ratio

Winner

PMNV

0.67

CBXY

-1.55

5Y Beta

Winner

PMNV

0.18

CBXY

0.27

PMNV vs CBXY - Historical Returns

Returns include dividend reinvestment.

Period	PMNV	CBXY
1 month	+0.43%	-0.36%
3 months	+2.73%	-0.54%
6 months	+3.05%	-6.22%
1 year	N/A	-10.86%
Max(CAGR)	+5.58%	-11.65%

Winner

PMNV

+0.43%

CBXY

-0.36%

Winner

PMNV

+2.73%

CBXY

-0.54%

Winner

PMNV

+3.05%

CBXY

-6.22%

PMNV

N/A

CBXY

-10.86%

Max(CAGR)

Winner

PMNV

+5.58%

CBXY

-11.65%

PMNV vs CBXY - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	PMNV	CBXY
2026	+2.75%	-5.77%
2025	+0.54%	-6.16%

PMNV vs CBXY Drawdown Comparison

The maximum drawdown for PMNV was -1.65%, occurring on Mar 30, 2026. Recovery took 33 trading sessions.

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

The current PMNV drawdown is -0.18%. The current CBXY drawdown is -15.53%.

Rank	PMNV	CBXY
#1	-1.65% Feb 25, 2026 - Apr 14, 2026	-15.78% Oct 6, 2025 - Apr 2, 2026
#2	-0.75% Nov 11, 2025 - Nov 28, 2025	-3.53% Aug 13, 2025 - Oct 2, 2025
#3	-0.57% Jun 4, 2026 - Jun 10, 2026	-1.67% Jul 14, 2025 - Aug 11, 2025
#4	-0.45% Jan 12, 2026 - Jan 26, 2026	-0.10% Aug 11, 2025 - Aug 13, 2025
#5	-0.43% Feb 2, 2026 - Feb 9, 2026	N/A
#6	-0.42% Dec 11, 2025 - Dec 22, 2025	N/A
#7	-0.39% Feb 9, 2026 - Feb 25, 2026	N/A
#8	-0.32% Jan 27, 2026 - Feb 2, 2026	N/A
#9	-0.19% May 1, 2026 - May 5, 2026	N/A
#10	-0.18% Apr 17, 2026 - Apr 22, 2026	N/A
#11	-0.17% Dec 26, 2025 - Jan 5, 2026	N/A
#12	-0.17% Nov 3, 2025 - Nov 10, 2025	N/A
#13	-0.15% Apr 22, 2026 - Apr 24, 2026	N/A
#14	-0.10% Apr 27, 2026 - Apr 30, 2026	N/A
#15	-0.10% May 14, 2026 - May 22, 2026	N/A

Correlation

Correlation between PMNV and CBXY is -0.59 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.59

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