PMSE vs CBTA

Comparison between PGIM S&P 500 MAX BUFFER ETF - SEPTEMBER (PMSE, ETF) and Calamos Bitcoin 80 Series Structured Alt Protection ETF April (CBTA, ETF).

PMSE vs CBTA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PMSE(ETF)	CBTA(ETF)
Net Assets	$3.90M	$4M
Expense Ratio	0.50%	0.69%
Max Drawdown	1.44%	40.34%
Sharpe Ratio	1.15	-1.40
5Y Beta	0.15	0.66

Net Assets

PMSE

$3.90M

Winner

CBTA

$4M

Expense Ratio

Winner

PMSE

0.50%

CBTA

0.69%

Max Drawdown

Winner

PMSE

1.44%

CBTA

40.34%

Sharpe Ratio

Winner

PMSE

1.15

CBTA

-1.40

5Y Beta

Winner

PMSE

0.15

CBTA

0.66

PMSE vs CBTA - Historical Returns

Returns include dividend reinvestment.

Period	PMSE	CBTA
1 month	+0.63%	+3.92%
3 months	+1.68%	-8.45%
6 months	+3.07%	-25.72%
1 year	+5.73%	-34.10%
Max(CAGR)	+6.46%	-11.97%

PMSE

+0.63%

Winner

CBTA

+3.92%

Winner

PMSE

+1.68%

CBTA

-8.45%

Winner

PMSE

+3.07%

CBTA

-25.72%

Winner

PMSE

+5.73%

CBTA

-34.10%

Max(CAGR)

Winner

PMSE

+6.46%

CBTA

-11.97%

PMSE vs CBTA - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	PMSE	CBTA
2026	+3.43%	-25.73%
2025	+2.23%	+11.80%

PMSE vs CBTA Drawdown Comparison

The maximum drawdown for PMSE was -1.44%, occurring on Mar 30, 2026. Recovery took 29 trading sessions.

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

The current PMSE drawdown is -0.08%. The current CBTA drawdown is -36.66%.

Rank	PMSE	CBTA
#1	-1.44% Feb 25, 2026 - Apr 8, 2026	-39.82% Oct 6, 2025 - Jun 30, 2026
#2	-0.85% Oct 27, 2025 - Dec 3, 2025	-4.25% Sep 18, 2025 - Oct 2, 2025
#3	-0.45% Jun 1, 2026 - Jun 15, 2026	-3.83% Aug 13, 2025 - Sep 12, 2025
#4	-0.43% Oct 8, 2025 - Oct 15, 2025	-3.29% May 27, 2025 - Jun 10, 2025
#5	-0.39% Feb 2, 2026 - Feb 9, 2026	-2.83% Jul 14, 2025 - Aug 12, 2025
#6	-0.33% Jan 16, 2026 - Jan 26, 2026	-1.96% Jun 16, 2025 - Jun 25, 2025
#7	-0.31% Sep 15, 2025 - Sep 22, 2025	-1.75% Jun 10, 2025 - Jun 16, 2025
#8	-0.29% Feb 10, 2026 - Feb 25, 2026	-1.32% Apr 9, 2025 - Apr 11, 2025
#9	-0.25% Dec 11, 2025 - Dec 19, 2025	-1.09% May 2, 2025 - May 7, 2025
#10	-0.23% Sep 24, 2025 - Sep 30, 2025	-0.86% Jun 30, 2025 - Jul 2, 2025
#11	-0.20% Jan 27, 2026 - Feb 2, 2026	-0.69% May 22, 2025 - May 27, 2025
#12	-0.20% Oct 15, 2025 - Oct 20, 2025	-0.62% Sep 12, 2025 - Sep 18, 2025
#13	-0.19% Jun 22, 2026 - Jun 30, 2026	-0.48% Apr 29, 2025 - May 1, 2025
#14	-0.15% May 1, 2026 - May 6, 2026	-0.45% Apr 25, 2025 - Apr 29, 2025
#15	-0.15% Jun 16, 2026 - Jun 22, 2026	-0.30% May 13, 2025 - May 16, 2025