CBOOCalamos Bitcoin Structured Alt Protection ETF - October
Seeks to track the positive price return of Spot bitcoin up to a cap of 8.47% while providing 100% protection against negative returns over the Outcome Period.
By Calamos · Launched 2025
0.69%
#3,610 of 5,861 · average
$6M
#5,120 of 5,861 · small
N/A
10 months
#4,730 of 5,861 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
AlternativeStrategy
Structured outcome
What it actually holds
By weightConcentration
Top 3 holdings = 99.6% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsWorst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks to track the positive price return of Spot bitcoin up to a cap of 8.47% while providing 100% protection against negative returns over the Outcome Period.
- Strategy
- Actively manages an ETF that seeks to track the positive price return of Spot bitcoin through options and U.S. Treasury securities, providing capital protection against losses. The strategy includes a cap on upside participation and aims to limit downside risk during the Outcome Period.
- Inception date
- October 6, 2025
- Fund family
- Calamos
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
You can build this cheaper yourself
Defined-outcome funds cap your gains (often 8% to 20%) in exchange for cushioning losses by 9% to 30%, priced with options. The fee runs about 0.70% or more, against 0.03% to 0.10% for a plain index fund. For most investors, a simple stock-and-bond mix gives similar protection for far less.
Sources: Morningstar, 'Buffer Funds Are on the Rise, but They May Not Make Sense for Most Investors' (2025)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-08-04