Calamos Bitcoin 90 Series Structured Alt… (CBXO) Performance
CBXO total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −5.5% since Dec 31, 2025
- 1 year
- −10.8% total return
- Since first price
- −13.1% since 2025
CBXO trailing returns vs SPY, QQQ, AGG
| Period | CBXO total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −2.7% | −2.7% | −1.0% | −5.0% | +0.9% |
| 3 months | −2.2% | −2.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −2.7% | −2.7% | +7.8% | +8.4% | −1.5% |
| YTD | −5.5% | −5.5% | +12.3% | +15.1% | −1.0% |
| 1 year | −10.8% | −11.2% | +14.4% | +15.9% | −1.1% |
| Since inceptionOct 7, 2025 | −13.1% | −13.6% | — | — | — |
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: CBXO vs SPY
From Oct 7, 2025: CBXO grew to $8,688, SPY to $11,480.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
CBXO returns by calendar year
2026 is year to date.
CBXO annual returns table
| Year | CBXO | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −5.5% | −7.9% | +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.
CBXO largest drawdowns
Now 13.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 7, 2025 | −13.2% | Oct 8, 2026 | not yet | 1.0 years | 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.
CBXO rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 1 | −10.6% | −10.6% | −10.6% | 0% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
CBXO performance overview
Calamos Bitcoin 90 Series Structured Alt… (CBXO) returned −10.8% over the past year, with distributions reinvested. Since its first recorded price on Oct 7, 2025 it has returned −13.1%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −13.2%, from Oct 7, 2025 to Oct 8, 2026; the fund has not yet regained that high.
Related: CBXO chart, CBXO dividends. See the CBXO overview for the latest quote and fund facts.
CBXO performance FAQ
What is the CBXO return over the past year?
CBXO returned −10.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 11.2%.
How much would $10,000 invested in CBXO be worth?
$10,000 invested in CBXO at its first recorded close on October 7, 2025 would be worth about $8,688 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of CBXO?
The largest peak-to-trough decline was −13.2% between October 7, 2025 and October 8, 2026. It has not yet recovered to that high; it is 13.1% below its peak.