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CWB vs CBXA

State Street SPDR Bloomberg Convertible Securities ETF vs Calamos Bitcoin 90 Series Struc

CWB

State Street SPDR Bloomberg Convertible Securities ETF

Annual cost

0.40%

Fund size

$6.2B

CBXA

Calamos Bitcoin 90 Series Struc

Annual cost

0.69%

Fund size

$4M

Key differences

CWB is a fixed income ETF, while CBXA is a cryptocurrency ETF. CWB charges 0.40% a year and CBXA 0.69%.

  • CWB is a fixed income fund, while CBXA is a cryptocurrency fund. They carry different risk/return profiles.
  • CWB follows a index tracking strategy; CBXA uses active selection.
  • CWB costs 0.29% less per year.
  • CWB is much larger than CBXA. Larger funds are usually more liquid and less likely to close.
  • CWB has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

CWBCBXA
Annual cost (TER)0.40%0.69%
Fund size (AUM)$6.2B$4M
Since20092025
Dividend yield1.37%2.36%
Asset classfixed incomecryptocurrency
Regionnorth america
Strategyindex trackingactive selection
CAGR 1Y+29.3%-23.5%
CAGR 3Y+17.2%N/A
CAGR 5Y+6.5%N/A
Sharpe 3Y1.10N/A
Volatility 1Y14.77%18.05%
Max drawdown-32.06%-28.98%

Beyond the comparison: Beacon helps you build, track, and project a portfolio with the ETFs you pick.

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