Calamos Laddered Bitcoin 80 Series Structured… (CBXL) Performance
CBXL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −4.4% since Dec 31, 2025
- 1 year
- −12.4% total return
- Since first price
- −13.2% since 2025
CBXL trailing returns vs SPY, QQQ, AGG
| Period | CBXL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.1% | −1.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +6.3% | +6.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +3.1% | +3.1% | +7.8% | +8.4% | −1.5% |
| YTD | −4.4% | −4.4% | +12.3% | +15.1% | −1.0% |
| 1 year | −12.4% | −13.7% | +14.4% | +15.9% | −1.1% |
| Since inceptionOct 14, 2025 | −13.2% | −14.4% | — | — | — |
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: CBXL vs SPY
From Oct 14, 2025: CBXL grew to $8,683, SPY to $11,600.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
CBXL returns by calendar year
2026 is year to date.
CBXL annual returns table
| Year | CBXL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −4.4% | −15.4% | +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.
CBXL largest drawdowns
Now 13.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 27, 2025 | −20.0% | Jun 30, 2026 | not yet | 8 months | 12 months so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
CBXL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 1 | −12.6% | −12.6% | −12.6% | 0% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
CBXL performance overview
Calamos Laddered Bitcoin 80 Series Structured… (CBXL) returned −12.4% over the past year, with distributions reinvested. Since its first recorded price on Oct 14, 2025 it has returned −13.2%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −20.0%, from Oct 27, 2025 to Jun 30, 2026; the fund has not yet regained that high.
Related: CBXL chart, CBXL dividends. See the CBXL overview for the latest quote and fund facts.
CBXL performance FAQ
What is the CBXL return over the past year?
CBXL returned −12.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 13.7%.
How much would $10,000 invested in CBXL be worth?
$10,000 invested in CBXL at its first recorded close on October 14, 2025 would be worth about $8,683 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of CBXL?
The largest peak-to-trough decline was −20.0% between October 27, 2025 and June 30, 2026. It has not yet recovered to that high; it is 13.8% below its peak.