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ZSB vs CBOL

Comparison between USCF SUSTAINABLE BATTERY METALS STRATEGY FUND (ZSB, ETF) and Calamos Laddered Bitcoin Structured Alt Protection ETF (CBOL, ETF).

ZSB vs CBOL - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
ZSB
$2.40M
CBOL
$2.40M
Expense Ratio
Winner
ZSB
0.59%
CBOL
0.79%
Max Drawdown
ZSB
52.23%
Winner
CBOL
6.72%
Sharpe Ratio
Winner
ZSB
1.91
CBOL
-2.77
5Y Beta
ZSB
0.27
Winner
CBOL
0.13

ZSB vs CBOL - Holdings Comparison

ZSB and CBOL have 0 common holdings. Overlap is 0.00%

ZSB's top 25 holdings weight is 99.83%. CBOL's top 25 holdings weight is 99.82%.

RankZSBCBOL
#1
BNY CASH RESERVE (n/a) - 61.50%
CALAMOS BITCOIN STR ALT PRT ETF-OCT (CBOO) - 25.92%
#2
USCF CAYMAN COMMODITY 5 (n/a) - 25.49%
CALAMOS BITCOIN STR ALT PRT ETF-JULY (CBOY) - 25.33%
#3
MP MATERIALS CORP ORDINARY SHARES CLASS A (MP) - 2.12%
CALAMOS BITCOIN STR ALT PRT ETF-APR (CBOA) - 24.30%
#4
LYNAS RARE EARTHS LTD (n/a) - 1.40%
CALAMOS BITCOIN STR ALT PRT ETF-JAN (CBOJ) - 24.27%
#5
ELKEM ASA ORDINARY SHARES (n/a) - 1.37%
N/A
#6
SGL CARBON SE (n/a) - 1.12%
N/A
#7
GRAFTECH INTERNATIONAL LTD (EAF) - 0.99%
N/A
#8
ALBEMARLE CORP (ALB) - 0.80%
N/A
#9
JINDUICHENG MOLYBDENUM CO LTD CLASS A (n/a) - 0.65%
N/A
#10
NIPPON CARBON CO LTD (n/a) - 0.65%
N/A
#11
WACKER CHEMIE AG (n/a) - 0.60%
N/A
#12
SOCIEDAD QUIMICA Y MINERA DE CHILE SA ADR (SQM) - 0.57%
N/A
#13
ERAMET SA (n/a) - 0.57%
N/A
#14
SINOFIBERS TECHNOLOGY CO LTD CLASS A (n/a) - 0.55%
N/A
#15
CHINA NORTHERN RARE EARTH (GROUP) HIGH-TECH CO LTD CLASS A (n/a) - 0.42%
N/A
#16
NIPPON DENKO CO LTD (n/a) - 0.17%
N/A
#17
PLS GROUP LTD (n/a) - 0.15%
N/A
#18
GANFENG LITHIUM GROUP CO LTD (n/a) - 0.15%
N/A
#19
XIANGTAN ELECTROCHEMICAL SCIENTIFIC CO LTD CLASS A (n/a) - 0.11%
N/A
#20
XINTE ENERGY CO LTD SHS -H- UNITARY 144A/REG S (n/a) - 0.10%
N/A
#21
GUANGZHOU TINCI MATERIALS TECHNOLOGY CO LTD CLASS A (n/a) - 0.09%
N/A
#22
MINERAL RESOURCES LTD (n/a) - 0.08%
N/A
#23
NINGBO RONBAY NEW ENERGY TECHNOLOGY CO LTD CLASS A (n/a) - 0.06%
N/A
#24
SHENZHEN CAPCHEM TECHNOLOGY CO LTD CLASS A (n/a) - 0.06%
N/A
#25
ILUKA RESOURCES LTD (n/a) - 0.06%
N/A
Total Holdings344

ZSB vs CBOL - Historical Returns

Returns include dividend reinvestment.

1M
ZSB
-5.42%
Winner
CBOL
-0.68%
3M
Winner
ZSB
+3.88%
CBOL
-0.30%
6M
Winner
ZSB
+17.96%
CBOL
-1.90%
1Y
ZSB
+66.10%
CBOL
N/A
Max(CAGR)
Winner
ZSB
-0.68%
CBOL
-6.63%

ZSB vs CBOL - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

YearZSBCBOL
2026+7.82%-2.34%
2025+64.50%-2.47%
2024-18.82%N/A
2023-31.41%N/A

ZSB vs CBOL Drawdown Comparison

The maximum drawdown for ZSB was -49.28%, occurring on Sep 10, 2024. Recovery took 747 trading sessions.

The maximum drawdown for CBOL was -5.05%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The current ZSB drawdown is -9.01%. The current CBOL drawdown is -4.72%.

RankZSBCBOL
#1-49.28%
Jan 31, 2023 - Jan 23, 2026
-5.05%
Oct 27, 2025 - Jun 5, 2026
#2-16.75%
Jan 27, 2026 - Feb 17, 2026
-0.82%
Oct 14, 2025 - Oct 27, 2025
#3-0.63%
Jan 23, 2026 - Jan 27, 2026
N/A
#4-0.60%
Jan 26, 2023 - Jan 30, 2023
N/A
#5-0.51%
Jan 13, 2023 - Jan 18, 2023
N/A
#6-0.09%
Jan 19, 2023 - Jan 23, 2023
N/A
#7-0.06%
Jan 23, 2023 - Jan 26, 2023
N/A

Correlation

Correlation between ZSB and CBOL is -0.83 which considered as a strong negative correlation - the stocks tend to move in opposite directions.

-0.83
-101

Dividend Comparison (2023 - 2025)

ZSB vs CBOL dividend yield comparison.

YearZSBCBOL
20250.92%1.79%
20242.96%0.00%
20233.59%0.00%

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