TSNF vs CBXO

Comparison between Truth Social American Next Frontiers ETF (TSNF, ETF) and Calamos Bitcoin 90 Series Structured Alt Protection ETF October (CBXO, ETF).

TSNF vs CBXO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TSNF(ETF)	CBXO(ETF)
Net Assets	$9.90M	$9.90M
Expense Ratio	0.65%	0.69%
Max Drawdown	18.59%	11.92%
Sharpe Ratio	1.03	-2.84
5Y Beta	2.01	0.17
P/E Ratio	-55.61	N/A
Forward P/E	26.07	N/A
Debt to Equity	-5.52%	N/A
P/S Ratio	4.63	N/A
P/B Ratio	4.41	N/A

Net Assets

TSNF

$9.90M

CBXO

$9.90M

Expense Ratio

Winner

TSNF

0.65%

CBXO

0.69%

Max Drawdown

TSNF

18.59%

Winner

CBXO

11.92%

Sharpe Ratio

Winner

TSNF

1.03

CBXO

-2.84

5Y Beta

TSNF

2.01

Winner

CBXO

0.17

P/E Ratio

TSNF

-55.61

CBXO

N/A

Forward P/E

TSNF

26.07

CBXO

N/A

Debt to Equity

TSNF

-5.52%

CBXO

N/A

P/S Ratio

TSNF

4.63

CBXO

N/A

P/B Ratio

TSNF

4.41

CBXO

N/A

TSNF vs CBXO - Historical Returns

Returns include dividend reinvestment.

Period	TSNF	CBXO
1 month	-8.93%	+0.29%
3 months	+6.42%	-0.23%
6 months	+9.62%	-4.12%
Max(CAGR)	+38.75%	-14.02%

TSNF

-8.93%

Winner

CBXO

+0.29%

Winner

TSNF

+6.42%

CBXO

-0.23%

Winner

TSNF

+9.62%

CBXO

-4.12%

Max(CAGR)

Winner

TSNF

+38.75%

CBXO

-14.02%

TSNF vs CBXO - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	TSNF	CBXO
2026	+18.12%	-3.93%
2025	-1.23%	-8.02%

TSNF vs CBXO Drawdown Comparison

The maximum drawdown for TSNF was -18.59%, occurring on Mar 30, 2026. Recovery took 62 trading sessions.

The maximum drawdown for CBXO was -11.47%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The current TSNF drawdown is -12.67%. The current CBXO drawdown is -11.19%.

Rank	TSNF	CBXO
#1	-18.59% Jan 16, 2026 - Apr 17, 2026	-11.47% Oct 7, 2025 - Jun 5, 2026
#2	-15.55% Jun 2, 2026 - Jul 17, 2026	N/A
#3	-4.66% Apr 22, 2026 - May 5, 2026	N/A
#4	-4.40% May 14, 2026 - May 21, 2026	N/A
#5	-2.02% May 6, 2026 - May 8, 2026	N/A
#6	-1.48% May 11, 2026 - May 14, 2026	N/A
#7	-1.23% Dec 30, 2025 - Jan 2, 2026	N/A
#8	-1.02% Apr 20, 2026 - Apr 22, 2026	N/A
#9	-0.80% Jan 12, 2026 - Jan 16, 2026	N/A
#10	-0.68% May 28, 2026 - Jun 2, 2026	N/A
#11	-0.41% Jan 6, 2026 - Jan 9, 2026	N/A

Correlation

Correlation between TSNF and CBXO is -0.48 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.48

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