Which resets first, CBTJ or CBXJ?

CBTJ ends its outcome period on Jan 30, 2027 and CBXJ on Jan 30, 2027. A new cap is set the day after each.

Which is cheaper, CBTJ or CBXJ?

CBTJ charges 0.69% a year and CBXJ charges 0.69%, so CBTJ is cheaper. Fees come from each fund's prospectus.

CBTJ vs CBXJ: which one stands where?

As of Oct 1, 2026 CBTJ can fall 20.5% before its buffer engages and CBXJ 11.1%. Calamos Bitcoin 80 Series Structured Alt Protection ETF - January and Calamos Bitcoin 90 Series Structured Alt Protection ETF - January.

CBTJFull floor

CBTJ: reference +6.7% since period start, fund +0.3%; buffer −20 to floor; cap +37.2%; Full floor.

CBXJFull floor

CBXJ: reference +6.7% since period start, fund +0.8%; buffer −10 to floor; cap +21.9%; Full floor.

Both are Calamos funds, so the difference between them is the terms rather than the house.

Where each one stands today

CBTJ resets first, on Jan 30, 2027, 121 days from now; CBXJ runs to Jan 30, 2027, 121 days. A fall from here reaches CBTJ’s buffer after 20.5% and CBXJ’s after 11.1%. Both track Bitcoin, so what separates them is where each is in its own period.

Every figure is ETFIQ’s own, from the issuer’s published outcome-period terms. A buffer ETF holds FLEX options on its reference index rather than shares, so there is no holdings overlap between two of them to report.

Performance, window by window

	Total return		Gap to the reference
Window	CBTJ	CBXJ	CBTJ	CBXJ
3 months	+18.8%	+11.1%	not available	not available
6 months	+9.6%	+6.1%	not available	not available
1 year	−26.6%	−18.9%	not available	not available

CBTJ and CBXJ over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

CBTJ

Calamos Bitcoin 80 Series Structured Alt Protection ETF - January · Absorbs losses from 20.3% to 100.0% on Bitcoin and caps the gain at 37.2%, over a period ending Jan 30, 2027

CBXJ

Calamos Bitcoin 90 Series Structured Alt Protection ETF - January · Absorbs losses from 10.3% to 100.0% on Bitcoin and caps the gain at 21.9%, over a period ending Jan 30, 2027

Issuer Calamos Calamos

Reference index Bitcoin Bitcoin

Buffer 20% to 100% 10% to 100%

Outcome period Feb 2, 2026 to Jan 30, 2027 Feb 2, 2026 to Jan 30, 2027

Days left 121 121

Starting cap +37.2% +21.9%

Can still gain not published not published

Fall before buffer 20.5% 11.1%

Protection left, index points 79.7% of 79.7% 89.7% of 89.7%

Index return this period +6.7% +6.7%

Fund return this period +0.3% +0.8%

State today Open Open

Expense ratio 0.69% 0.69%

Net assets $26m $19m

CBTJ and CBXJ on the same fields, as of Oct 1, 2026. Source: ETFIQ.

CBTJ in plain words

The fund's price can fall 20.5% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, Bitcoin can fall 25.3% from today's level to the point where the buffer begins. Protection left, in index points: 79.7% of the 79.7% buffer still sits below today's Bitcoin level. 121 days remained on Oct 1, 2026. On Jan 30, 2027 the period ends and a new cap is set.

CBXJ in plain words

The fund's price can fall 11.1% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, Bitcoin can fall 16.0% from today's level to the point where the buffer begins. Protection left, in index points: 89.7% of the 89.7% buffer still sits below today's Bitcoin level.

Questions people ask

Which resets first, CBTJ or CBXJ?: CBTJ ends its outcome period on Jan 30, 2027 and CBXJ on Jan 30, 2027. A new cap is set the day after each.
Which is cheaper, CBTJ or CBXJ?: CBTJ charges 0.69% a year and CBXJ charges 0.69%, so CBTJ is cheaper. Fees come from each fund's prospectus.

Other comparisons

CBTJ vs CBOJ CBXJ vs CBOJ

CBTJ on its own →CBXJ on its own →How every figure is computed →Standards and sources →

Where these figures came from

CBTJ and CBXJ filings on SEC EDGAR ↗Calamos website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, CBTJ against CBXJ, data as of Oct 1, 2026. https://etfiq.com/compare/buffer/cbtj-vs-cbxj

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.