SDP vs CBTA

Comparison between ProShares UltraShort Utilities -2x Shares (SDP, ETF) and Calamos Bitcoin 80 Series Structured Alt Protection ETF April (CBTA, ETF).

SDP vs CBTA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SDP(ETF)	CBTA(ETF)
Net Assets	$4.40M	$4.50M
Expense Ratio	N/A	0.69%
Max Drawdown	99.83%	39.39%
Sharpe Ratio	-0.67	-1.23
5Y Beta	-0.65	0.66
5Y Dividends CAGR	62.06%	N/A

Net Assets

SDP

$4.40M

Winner

CBTA

$4.50M

Expense Ratio

SDP

N/A

CBTA

0.69%

Max Drawdown

SDP

99.83%

Winner

CBTA

39.39%

Sharpe Ratio

Winner

SDP

-0.67

CBTA

-1.23

5Y Beta

Winner

SDP

-0.65

CBTA

0.66

5Y Dividends CAGR

SDP

62.06%

CBTA

N/A

SDP vs CBTA - Historical Returns

Returns include dividend reinvestment.

Period	SDP	CBTA
1 month	+3.73%	-10.84%
3 months	+7.74%	-7.72%
6 months	-9.32%	-26.64%
1 year	-16.32%	-30.05%
5 years(CAGR)	-16.48%	N/A
10 years(CAGR)	-20.81%	N/A
Max(CAGR)	-21.43%	-13.65%

Winner

SDP

+3.73%

CBTA

-10.84%

Winner

SDP

+7.74%

CBTA

-7.72%

Winner

SDP

-9.32%

CBTA

-26.64%

Winner

SDP

-16.32%

CBTA

-30.05%

5Y(CAGR)

SDP

-16.48%

CBTA

N/A

10Y(CAGR)

SDP

-20.81%

CBTA

N/A

Max(CAGR)

SDP

-21.43%

Winner

CBTA

-13.65%

SDP vs CBTA - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	SDP	CBTA
2026	-6.85%	-26.33%
2025	-21.83%	+11.80%
2024	-28.21%	N/A
2023	+18.87%	N/A
2022	-13.99%	N/A
2021	-36.11%	N/A
2020	-37.88%	N/A
2019	-37.80%	N/A
2018	-11.24%	N/A
2017	-22.37%	N/A
2016	-33.46%	N/A
2015	+0.90%	N/A
2014	-43.91%	N/A
2013	-26.50%	N/A
2012	-8.52%	N/A
2011	-36.00%	N/A
2010	-19.85%	N/A
2009	-30.16%	N/A
2008	+34.44%	N/A
2007	-20.03%	N/A

SDP vs CBTA Drawdown Comparison

The maximum drawdown for SDP was -99.57%, occurring on Feb 27, 2026. This drawdown has not yet recovered.

The maximum drawdown for CBTA was -38.87%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The current SDP drawdown is -99.51%. The current CBTA drawdown is -37.18%.

Rank	SDP	CBTA
#1	-99.57% Oct 10, 2008 - Feb 27, 2026	-38.87% Oct 6, 2025 - Jun 5, 2026
#2	-25.17% Aug 15, 2007 - Aug 4, 2008	-4.25% Sep 18, 2025 - Oct 2, 2025
#3	-19.77% Mar 14, 2007 - Aug 3, 2007	-3.83% Aug 13, 2025 - Sep 12, 2025
#4	-12.74% Sep 17, 2008 - Oct 2, 2008	-3.29% May 27, 2025 - Jun 10, 2025
#5	-10.55% Aug 3, 2007 - Aug 15, 2007	-2.83% Jul 14, 2025 - Aug 12, 2025
#6	-10.08% Aug 4, 2008 - Sep 4, 2008	-1.96% Jun 16, 2025 - Jun 25, 2025
#7	-8.29% Sep 9, 2008 - Sep 16, 2008	-1.75% Jun 10, 2025 - Jun 16, 2025
#8	-4.25% Sep 5, 2008 - Sep 9, 2008	-1.32% Apr 9, 2025 - Apr 11, 2025
#9	N/A	-1.09% May 2, 2025 - May 7, 2025
#10	N/A	-0.86% Jun 30, 2025 - Jul 2, 2025
#11	N/A	-0.69% May 22, 2025 - May 27, 2025
#12	N/A	-0.62% Sep 12, 2025 - Sep 18, 2025
#13	N/A	-0.48% Apr 29, 2025 - May 1, 2025
#14	N/A	-0.45% Apr 25, 2025 - Apr 29, 2025
#15	N/A	-0.30% May 13, 2025 - May 16, 2025

Correlation

Correlation between SDP and CBTA is 0.60 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.60

-101

Dividend Comparison (2007 - 2026)

SDP vs CBTA dividend yield comparison.

Year	SDP	CBTA
2026	0.26%	0.00%
2025	3.99%	0.89%
2024	4.66%	0.00%
2023	3.04%	0.00%
2022	0.56%	0.00%
2020	0.13%	0.00%
2019	0.87%	0.00%
2018	0.05%	0.00%
2009	59.64%	0.00%
2008	66.69%	0.00%
2007	3.16%	0.00%