CBOJCalamos Bitcoin Structured Alt Protection ETF - January
The fund is an actively managed ETF that seeks to provide investment results, that before taking total fund operating fees and expenses into account, track the positive price return of spot bitcoin up to the stated cap over a specified period of time of approximately one year, while seeking to provide protection against decreases in the price of spot bitcoin of more than 10% over the same Outcome Period. It is non-diversified.
Calamos · Since 2025 (1 year)
0.69%
#3283 out of 5,332 ETFs
$24M
#3988 out of 5,332 ETFs
3.18%
1 year
#4193 out of 5,332 ETFs
Performance
1 Year
-1.0%
3 Years
N/A
5 Years
N/A
What's inside
Risk profile
5.0%
Moderate
-8.1%
Worst peak-to-trough loss
N/A
N/A
Similar ETFs
Our take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Buffer ETF — downside protection at a cost
Defined-outcome funds cap upside (typically 8–20%) in exchange for partial downside protection (9–30%), priced via options. Fees are materially higher than the underlying index (often 0.70%+ vs 0.03–0.10%). For most pre-retirees, a simple stock/bond mix achieves similar downside behaviour at a fraction of the cost.
Source: Morningstar, 'Defined-Outcome ETFs: Useful or Uneconomic?' (2023)
Why we flagged this: strategy=structured_outcome + structured_outcome_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
Data updated on 2026-05-05