YBTC vs CPSL

Comparison between ROUNDHILL BITCOIN COVERED CALL STRATEGY ETF (YBTC, ETF) and Calamos Laddered S&P 500 Structured Alt Protection ETF (CPSL, ETF).

YBTC vs CPSL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	YBTC(ETF)	CPSL(ETF)
Net Assets	$126M	$126M
Expense Ratio	0.95%	0.79%
Max Drawdown	71.95%	3.72%
Sharpe Ratio	-1.04	0.84
5Y Beta	0.99	0.17

Net Assets

YBTC

$126M

Winner

CPSL

$126M

Expense Ratio

YBTC

0.95%

Winner

CPSL

0.79%

Max Drawdown

YBTC

71.95%

Winner

CPSL

3.72%

Sharpe Ratio

YBTC

-1.04

Winner

CPSL

0.84

5Y Beta

YBTC

0.99

Winner

CPSL

0.17

YBTC vs CPSL - Holdings Comparison

YBTC and CPSL have 0 common holdings. Overlap is 0.00%

YBTC's top 25 holdings weight is 7.74%. CPSL's top 25 holdings weight is 99.88%.

Rank	YBTC	CPSL
#1	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 7.74%	CALAMOS S&P 500 STR ALT PRT ETF-JUL (CPSJ) - 8.34%
#2	N/A	CALAMOS S&P 500 STR ALT PRT ETF-AUG (CPSA) - 8.33%
#3	N/A	CALAMOS S&P 500 STR ALT PRT ETF-JAN (CPSY) - 8.33%
#4	N/A	CALAMOS S&P 500 STR ALT PRT ETF-MAR (CPSR) - 8.33%
#5	N/A	CALAMOS S&P 500 STR ALT PRT ETF-SEP (CPST) - 8.33%
#6	N/A	CALAMOS S&P 500 STR ALT PRT ETF-NOV (CPSN) - 8.32%
#7	N/A	CALAMOS S&P 500 STR ALT PRT ETF-APR (CPSP) - 8.32%
#8	N/A	CALAMOS S&P 500 STR ALT PRT ETF-DEC (CPSD) - 8.32%
#9	N/A	CALAMOS S&P 500 STR ALT PRT ETF-OCT (CPSO) - 8.32%
#10	N/A	CALAMOS S&P 500 STR ALT PRT ETF-MAY (CPSM) - 8.32%
#11	N/A	CALAMOS S&P 500 STR ALT PRT ETF-FEB (CPSF) - 8.31%
#12	N/A	CALAMOS S&P 500 STR ALT PRT ETF-JUN (CPSU) - 8.31%
#13	N/A	N/A
#14	N/A	N/A
#15	N/A	N/A
#16	N/A	N/A
#17	N/A	N/A
#18	N/A	N/A
#19	N/A	N/A
#20	N/A	N/A
#21	N/A	N/A
#22	N/A	N/A
#23	N/A	N/A
#24	N/A	N/A
#25	N/A	N/A
Total Holdings	1	12

YBTC vs CPSL - Historical Returns

Returns include dividend reinvestment.

Period	YBTC	CPSL
1 month	+5.49%	+0.86%
3 months	-5.86%	+1.42%
6 months	+7.09%	+3.21%
1 year	-37.09%	+5.97%
Max(CAGR)	+9.01%	+6.52%

Winner

YBTC

+5.49%

CPSL

+0.86%

YBTC

-5.86%

Winner

CPSL

+1.42%

Winner

YBTC

+7.09%

CPSL

+3.21%

YBTC

-37.09%

Winner

CPSL

+5.97%

Max(CAGR)

Winner

YBTC

+9.01%

CPSL

+6.52%

YBTC vs CPSL - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	YBTC	CPSL
2026	-20.04%	+3.75%
2025	-7.43%	+6.49%
2024	+58.51%	+2.32%

YBTC vs CPSL Drawdown Comparison

The maximum drawdown for YBTC was -48.80%, occurring on Jun 30, 2026. This drawdown has not yet recovered.

The maximum drawdown for CPSL was -3.72%, occurring on Apr 4, 2025. Recovery took 59 trading sessions.

The current YBTC drawdown is -39.74%. The current CPSL drawdown is -0.32%.

Rank	YBTC	CPSL
#1	-48.80% Sep 18, 2025 - Jun 30, 2026	-3.72% Feb 20, 2025 - May 15, 2025
#2	-23.37% Dec 16, 2024 - May 21, 2025	-1.18% Feb 25, 2026 - Apr 8, 2026
#3	-22.97% Jun 10, 2024 - Oct 29, 2024	-0.63% Aug 5, 2026 - Aug 6, 2026
#4	-16.73% Apr 11, 2024 - Jun 5, 2024	-0.63% Nov 12, 2025 - Nov 25, 2025
#5	-7.19% Aug 13, 2025 - Sep 12, 2025	-0.58% May 19, 2025 - Jun 3, 2025
#6	-6.90% May 27, 2025 - Jun 30, 2025	-0.55% Dec 13, 2024 - Dec 26, 2024
#7	-6.27% Oct 29, 2024 - Nov 6, 2024	-0.51% Oct 28, 2024 - Nov 6, 2024
#8	-5.65% Mar 26, 2024 - Apr 10, 2024	-0.51% Jan 6, 2025 - Jan 17, 2025
#9	-4.68% Jul 17, 2025 - Aug 11, 2025	-0.46% Jun 3, 2025 - Jun 12, 2025
#10	-3.97% Jan 19, 2024 - Jan 26, 2024	-0.43% Jun 2, 2026 - Jun 15, 2026
#11	-3.76% Mar 15, 2024 - Mar 20, 2024	-0.43% Jun 16, 2026 - Jul 2, 2026
#12	-3.22% Mar 20, 2024 - Mar 25, 2024	-0.39% Dec 26, 2024 - Jan 6, 2025
#13	-3.16% Nov 12, 2024 - Nov 18, 2024	-0.35% Sep 23, 2024 - Oct 14, 2024
#14	-3.02% Nov 22, 2024 - Dec 4, 2024	-0.35% Jul 29, 2025 - Aug 7, 2025
#15	-2.31% Jun 6, 2024 - Jun 10, 2024	-0.33% Oct 1, 2025 - Oct 21, 2025

Correlation

Correlation between YBTC and CPSL is -0.36 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.36

-101