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Dividend Vision

CBOA — Calamos Bitcoin Structured Alt Protection ETF

Calamos Bitcoin Structured Alt Protection ETF (CBOA)

CBOA pays a 2.39% distribution rate, on a 0.69% expense ratio. Its Distribution Safety Score™ is 50 (Caution). Total return is -1.1% over the past 1.4 years, 57.2 points behind SPY at 56.1%. Its deepest 1-year drawdown was 8.9%.

Calamos Bitcoin Structured Alt Protection ETF is an actively managed ETF that seeks to track the positive price return of spot bitcoin up to a specified cap over a one-year period while providing downside protection against bitcoin price declines. The fund carries a modest expense ratio of 0.69% and a modest current distribution rate. This ETF may appeal to investors seeking bitcoin exposure with built-in price protection mechanisms, though its non-diversified structure and structured strategy differ from traditional cryptocurrency or equity funds.

CBOA key facts

Distribution Safety Score™
50 · Caution
Issuer
Calamos Investments
Asset type
ETF
Asset class
Equity
Inception date
04/07/2025
Expense ratio
0.69%
Distribution rate
2.39%
Trailing yield
2.38%
Last close
$24.21
AUM
$4,838,358
Average volume
114.0
Last dividend
$0.5770
Ex-dividend date
12/12/2025