Calamos Bitcoin 80 Series Structured Alt… (CBTY) Performance
CBTY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +1.9% since Dec 31, 2025
- 1 year
- −10.3% total return
- Since first price
- −9.2% since 2025
CBTY trailing returns vs SPY, QQQ, AGG
| Period | CBTY total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.4% | −0.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +13.0% | +13.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +11.6% | +11.6% | +7.8% | +8.4% | −1.5% |
| YTD | +1.9% | +1.9% | +12.3% | +15.1% | −1.0% |
| 1 year | −10.3% | −11.6% | +14.4% | +15.9% | −1.1% |
| Since inceptionJul 8, 2025 | −9.2% | −10.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: CBTY vs SPY
From Jul 8, 2025: CBTY grew to $9,077, SPY to $12,417.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
CBTY returns by calendar year
2026 is year to date.
CBTY annual returns table
| Year | CBTY | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +1.9% | −17.5% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
CBTY largest drawdowns
Now 15.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 6, 2025 | −27.8% | Jul 8, 2026 | not yet | 9 months | 1.0 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
CBTY risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | −10.1% |
| Volatility (annualized) | 16.9% |
| Sharpe ratio | -0.76 |
| Sortino ratio | -1.00 |
| Best month | +10.9% |
| Worst month | −9.5% |
| Best 12 months | −11.6% |
| Worst 12 months | −23.3% |
| Positive months | 36% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
CBTY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 4 | −23.3% | −11.9% | −10.1% | 0% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
CBTY performance overview
Calamos Bitcoin 80 Series Structured Alt… (CBTY) returned −10.3% over the past year, with distributions reinvested. Since its first recorded price on Jul 8, 2025 it has returned −9.2%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −27.8%, from Oct 6, 2025 to Jul 8, 2026; the fund has not yet regained that high. Volatility has been 16.9% a year.
Related: CBTY chart, CBTY dividends. See the CBTY overview for the latest quote and fund facts.
CBTY performance FAQ
What is the CBTY return over the past year?
CBTY returned −10.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 11.6%.
How much would $10,000 invested in CBTY be worth?
$10,000 invested in CBTY at its first recorded close on July 8, 2025 would be worth about $9,077 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of CBTY?
The largest peak-to-trough decline was −27.8% between October 6, 2025 and July 8, 2026. It has not yet recovered to that high; it is 15.9% below its peak.
How volatile is CBTY?
Over the past history CBTY had an annualized volatility of 16.9% and a Sharpe ratio of -0.76 (excess return over 1–3 month T-bills per unit of risk).