PQOC vs CBTJ

Comparison between PGIM NASDAQ-100 BUFFER 12 ETF - OCTOBER (PQOC, ETF) and Calamos Bitcoin 80 Series Structured Alt Protection ETF January (CBTJ, ETF).

PQOC vs CBTJ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PQOC(ETF)	CBTJ(ETF)
Net Assets	$19M	$19M
Expense Ratio	0.50%	0.69%
Max Drawdown	13.71%	43.19%
Sharpe Ratio	1.30	-1.69
5Y Beta	0.69	0.55

Net Assets

PQOC

$19M

CBTJ

$19M

Expense Ratio

Winner

PQOC

0.50%

CBTJ

0.69%

Max Drawdown

Winner

PQOC

13.71%

CBTJ

43.19%

Sharpe Ratio

Winner

PQOC

1.30

CBTJ

-1.69

5Y Beta

PQOC

0.69

Winner

CBTJ

0.55

PQOC vs CBTJ - Historical Returns

Returns include dividend reinvestment.

Period	PQOC	CBTJ
1 month	+0.10%	+0.75%
3 months	+5.47%	-8.14%
6 months	+8.87%	-18.83%
1 year	+15.76%	-35.70%
Max(CAGR)	+15.59%	-19.07%

PQOC

+0.10%

Winner

CBTJ

+0.75%

Winner

PQOC

+5.47%

CBTJ

-8.14%

Winner

PQOC

+8.87%

CBTJ

-18.83%

Winner

PQOC

+15.76%

CBTJ

-35.70%

Max(CAGR)

Winner

PQOC

+15.59%

CBTJ

-19.07%

PQOC vs CBTJ - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	PQOC	CBTJ
2026	+9.33%	-19.23%
2025	+14.67%	-11.30%

PQOC vs CBTJ Drawdown Comparison

The maximum drawdown for PQOC was -13.71%, occurring on Apr 8, 2025. Recovery took 72 trading sessions.

The maximum drawdown for CBTJ was -42.40%, occurring on Jun 30, 2026. This drawdown has not yet recovered.

The current PQOC drawdown is -0.30%. The current CBTJ drawdown is -39.53%.

Rank	PQOC	CBTJ
#1	-13.71% Feb 19, 2025 - Jun 3, 2025	-42.40% Oct 6, 2025 - Jun 30, 2026
#2	-6.68% Jan 28, 2026 - Apr 14, 2026	-9.86% Feb 20, 2025 - May 8, 2025
#3	-4.00% Oct 29, 2025 - Dec 10, 2025	-7.63% Aug 13, 2025 - Oct 2, 2025
#4	-2.10% Dec 10, 2025 - Dec 23, 2025	-4.26% May 22, 2025 - Jun 10, 2025
#5	-2.07% Jun 1, 2026 - Jun 15, 2026	-3.86% Jul 14, 2025 - Aug 12, 2025
#6	-1.96% Oct 9, 2025 - Oct 20, 2025	-3.35% Jun 10, 2025 - Jul 2, 2025
#7	-1.73% Jan 12, 2026 - Jan 26, 2026	-1.92% Feb 10, 2025 - Feb 20, 2025
#8	-1.64% Jan 6, 2025 - Jan 17, 2025	-0.82% Feb 5, 2025 - Feb 10, 2025
#9	-1.62% Jan 23, 2025 - Feb 6, 2025	-0.75% May 13, 2025 - May 19, 2025
#10	-1.21% Aug 14, 2025 - Aug 28, 2025	-0.66% Jul 2, 2025 - Jul 9, 2025
#11	-1.20% Jun 15, 2026 - Jun 30, 2026	-0.59% May 9, 2025 - May 13, 2025
#12	-1.18% Jul 30, 2025 - Aug 6, 2025	N/A
#13	-1.08% Jul 10, 2026 - Jul 17, 2026	N/A
#14	-0.93% Dec 26, 2025 - Jan 7, 2026	N/A
#15	-0.92% Aug 28, 2025 - Sep 4, 2025	N/A

Correlation

Correlation between PQOC and CBTJ is -0.56 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.56

-101