CBXY Calamos Bitcoin 90 Series Structured Alt Protection ETF - July
Quote as of Nov 09, 2026 14:46 UTC · Quotes are refreshed hourly from the data provider, so during market hours a price can be up to about 1–2 hours old; each quote shows its own timestamp.
| Previous Close | 23.59 | Day Range | 23.59 – 23.76 |
| 52-Week Range | 21.71 – 25.02 | Volume | 8 |
| Avg Volume | 2.15K | AUM | $5.9M (Nov 09, 2026) |
| Expense Ratio | 0.69% | Yield (TTM) | 1.35% |
| NAV | 23.57 | Premium/Discount | +0.09% indicative |
| Inception | Jul 08, 2025 | Holdings | 4 |
| Issuer | Calamos | Exchange | CBOE |
| Category | Bitcoin | Index Tracked | Not stated in source data |
| CUSIP | 12811T639 | ISIN | US12811T6394 |
| Management | Not stated in source data | ||
About this ETF
CBXY actively manages options and collateral in a way designed to track the positive price return of spot bitcoin up to a cap, while providing protection against a loss exceeding 10%, over a one-year period. It uses the BRRNY, a benchmark index, to determine the cap. The fund employs two portfolio construction methods: one involving US Treasuries, options, and cash equivalents and the other using options and cash equivalents. The fund does not invest directly in bitcoin. The fund offers perpetual investment opportunities, with new options chosen at each annual reset date in July, reflecting market conditions at that time. Returns will differ if investors buy or sell shares mid-Outcome Period. The fund also invests up to 25% of its assets in a Cayman Islands subsidiary for bitcoin exposure within IRS guidelines. The fund's strategies and outcomes are hypothetical and not guaranteed.
Description from the fund data provider · profile as of Nov 09, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | -2.12% | +5.83% | +6.84% | +1.90% | -4.14% | — | — | — | -5.68% |
| Total return | -2.12% | +5.83% | +6.84% | +1.90% | -2.88% | — | — | — | -4.42% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Nov 06, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.69% | Annual cost of a $10,000 investment | $69.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings list retrieved Nov 07, 2026 · The data provider's latest disclosed portfolio for this fund. Issuers publish holdings daily or monthly, so the portfolio date can be earlier; holdings are not live positions. 4 holdings stored.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | State Street SPDR S&P 500 ETF Trust | — | 80.57% | 98 | $4.8M |
| 2 | Cboe Mini Bitcoin U.s. Etf Index | — | 18.61% | 0 | $1.1M |
| 3 | US DOLLAR | — | 0.89% | 52.46K | $52.5K |
| 4 | NET OTHER ASSETS | — | -0.07% | 0 | -$4.1K |
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Sector Exposure
Distributions
| Yield (TTM) | 1.35% | Paid (last 12 months) | $0.3190 |
| Frequency | Irregular | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Dec 12, 2025 | Last payment | $0.3190 (Dec 15, 2025) |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Dec 12, 2025 | Dec 12, 2025 | Dec 15, 2025 | $0.3190 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 8.87% / — | Sharpe 1Y / 3Y | -0.882 / — |
| Max drawdown 1Y / 3Y | -11.87% / — | Sortino 1Y | -1.23 |
| Beta vs S&P 500 (3Y) | 0.287 | Correlation vs S&P 500 (1Y) | 0.364 |
| Downside deviation 1Y | 6.35% | Risk-free rate used | 4.00% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Nov 09, 2026. Formulas →
Liquidity
| Volume today | 8 | Average volume | 2.15K |
| AUM | $5.9M | Premium/Discount | +0.09% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Week | $24.9K | +0.42% | $5.9M → $5.9M |
| 1 Month | -$2.4K | -0.04% | $6.0M → $5.9M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for CBXY
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.