SDP vs CBXA

Comparison between ProShares UltraShort Utilities -2x Shares (SDP, ETF) and Calamos Bitcoin 90 Series Structured Alt Protection ETF April (CBXA, ETF).

SDP vs CBXA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SDP(ETF)	CBXA(ETF)
Net Assets	$4.40M	$4.50M
Expense Ratio	N/A	0.69%
Max Drawdown	99.83%	30.33%
Sharpe Ratio	-0.53	-1.44
5Y Beta	-0.64	0.38
5Y Dividends CAGR	62.06%	N/A

Net Assets

SDP

$4.40M

Winner

CBXA

$4.50M

Expense Ratio

SDP

N/A

CBXA

0.69%

Max Drawdown

SDP

99.83%

Winner

CBXA

30.33%

Sharpe Ratio

Winner

SDP

-0.53

CBXA

-1.44

5Y Beta

Winner

SDP

-0.64

CBXA

0.38

5Y Dividends CAGR

SDP

62.06%

CBXA

N/A

SDP vs CBXA - Historical Returns

Returns include dividend reinvestment.

Period	SDP	CBXA
1 month	+5.53%	-6.73%
3 months	+14.28%	-6.67%
6 months	-5.64%	-21.86%
1 year	-15.21%	-22.92%
5 years(CAGR)	-16.34%	N/A
10 years(CAGR)	-20.53%	N/A
Max(CAGR)	-21.26%	-11.35%

Winner

SDP

+5.53%

CBXA

-6.73%

Winner

SDP

+14.28%

CBXA

-6.67%

Winner

SDP

-5.64%

CBXA

-21.86%

Winner

SDP

-15.21%

CBXA

-22.92%

5Y(CAGR)

SDP

-16.34%

CBXA

N/A

10Y(CAGR)

SDP

-20.53%

CBXA

N/A

Max(CAGR)

SDP

-21.26%

Winner

CBXA

-11.35%

SDP vs CBXA - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	SDP	CBXA
2026	-2.73%	-21.94%
2025	-21.83%	+9.69%
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 CBXA 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 CBXA was -28.97%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The current SDP drawdown is -99.49%. The current CBXA drawdown is -27.89%.

Rank	SDP	CBXA
#1	-99.57% Oct 10, 2008 - Feb 27, 2026	-28.97% Oct 6, 2025 - Jun 5, 2026
#2	-25.17% Aug 15, 2007 - Aug 4, 2008	-2.43% Sep 18, 2025 - Oct 2, 2025
#3	-19.77% Mar 14, 2007 - Aug 3, 2007	-1.77% May 27, 2025 - Jun 9, 2025
#4	-12.74% Sep 17, 2008 - Oct 2, 2008	-1.74% Aug 13, 2025 - Sep 11, 2025
#5	-10.55% Aug 3, 2007 - Aug 15, 2007	-1.54% Jul 14, 2025 - Aug 11, 2025
#6	-10.08% Aug 4, 2008 - Sep 4, 2008	-1.25% Jun 16, 2025 - Jun 25, 2025
#7	-8.29% Sep 9, 2008 - Sep 16, 2008	-1.02% Jun 11, 2025 - Jun 16, 2025
#8	-4.25% Sep 5, 2008 - Sep 9, 2008	-0.62% May 2, 2025 - May 7, 2025
#9	N/A	-0.61% Apr 9, 2025 - Apr 11, 2025
#10	N/A	-0.45% Jun 30, 2025 - Jul 2, 2025
#11	N/A	-0.37% May 22, 2025 - May 27, 2025
#12	N/A	-0.24% May 13, 2025 - May 16, 2025
#13	N/A	-0.23% Sep 12, 2025 - Sep 16, 2025
#14	N/A	-0.22% May 9, 2025 - May 13, 2025
#15	N/A	-0.20% Apr 29, 2025 - May 1, 2025

Correlation

Correlation between SDP and CBXA is 0.55 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.55

-101

Dividend Comparison (2007 - 2026)

SDP vs CBXA dividend yield comparison.

Year	SDP	CBXA
2026	0.25%	0.00%
2025	3.99%	1.97%
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%