ETFIQetfiq.com · independent ETF data
CBXY Calamos Bitcoin 90 Series Structured Alt Protection ETF - July
Absorbs losses from 10.1% to 100.0% on Bitcoin and caps the gain at 23.1%, over a period ending Jul 31, 2027Calamos0.69% fee$6mFund page at the issuer ↗SEC filings ↗Every Calamos fund ETFIQ covers
As of Oct 1, 2026, CBXY has reached its cap.
not published
Past the cap, price drift left
17.6%
Fall before the buffer
89.9%
Protection left, index points
303
Days to reset
At its cap
CBXY: reference +34.9% since period start, fund +9.1%; buffer −10 to floor; cap +23.1%; At its cap.
| Window | Total return |
|---|---|
| 3M Jul 1 – Sep 30, 2026 | +9.4% |
| 6M Apr 1 – Sep 30, 2026 | +9.5% |
| 1Y Sep 30, 2025 – Sep 30, 2026 | −5.0% |
CBXY over each window to Oct 1, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.
In plain words
The fund's price can fall 17.6% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, Bitcoin can fall 33.4% from today's level to the point where the buffer begins. Protection left, in index points: 89.9% of the 89.9% buffer still sits below today's Bitcoin level. 303 days remained on Oct 1, 2026. On Jul 31, 2027 the period ends and a new cap is set.
Reference indexBitcoin
Buffer10% to 100%
Outcome periodJul 8, 2026 to Jul 31, 2027
Starting cap+23.1%
Bitcoin return since period start+34.9%
Fund return since period start+9.1%
Net assets (issuer page, as of Sep 30, 2026)$6m
Band state today (ETFIQ)At cap
Can still gain (issuer, fund price)not published
Fall before buffer (issuer, fund price)17.6%
Fall to the buffer in index terms (ETFIQ)33.4%
Protection left in index points (ETFIQ)89.9% of 89.9%
Days left in period303
Expense ratio (issuer page, Oct 1, 2026)0.69%
CBXY (Calamos Bitcoin 90 Series Structured Alt Protection ETF - July), buffer ETFs fields as of Oct 1, 2026. Source: ETFIQ.
Issuer-published figures as of the date shown; ETFIQ calculations marked. Definitions on the learn page. How these figures are computed
Questions people ask about CBXY
- How much can CBXY still gain?
- Nothing more in index terms on Oct 1, 2026. Bitcoin has already passed the cap of +23.1% for this period, which runs from Jul 8, 2026 to Jul 31, 2027.
- How far can CBXY fall before the buffer helps?
- 17.6% in fund-price terms on Oct 1, 2026, by the issuer's figure. In index terms Bitcoin can fall 33.4% from that level before the buffer begins. Losses until that point are the holder's.
- How much of the CBXY buffer is left?
- 89.9% of the 89.9% buffer sat below the Bitcoin level on Oct 1, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.
- When does CBXY reset?
- The outcome period ends on Jul 31, 2027, 303 days from the data on Oct 1, 2026. A new cap is set the next day and the buffer starts again.
- What does CBXY cost?
- The prospectus expense ratio is 0.69% a year.
Sources and dates
Prices, CBXYTiingo end-of-day · Oct 1, 2026
Fee, 0.69%Issuer page · Oct 1, 2026
Net assets, $6mIssuer page · Sep 30, 2026
IssuerCalamos page for CBXY ↗
IssuerCalamos product table ↗
All fund filingsProspectus filings on SEC EDGAR ↗
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page
ETFIQ, CBXY, buffer ETFs, data as of Oct 1, 2026. https://etfiq.com/funds/cbxy
ETFIQ. (Oct 1, 2026). CBXY, buffer ETFs. Retrieved from https://etfiq.com/funds/cbxy
[CBXY, buffer ETFs (ETFIQ, Oct 1, 2026)](https://etfiq.com/funds/cbxy)
The outcome band for CBXY, redrawn every trading night. Free to use with the credit link.
Free to use with attribution; the underlying files are at Open data.
Buffer
The first slice of loss the fund absorbs for you over its outcome period, stated on the reference index. A 15% buffer means the index can fall 15% before you take any of it.
The most the fund can return over the period if held from the first day to the last. Quoted gross and net of fees. Set by the option market on day one, so the same fund can have a different cap each year.
The window, usually twelve months and sometimes six or three, over which the cap and buffer apply. On its last day the options expire, the fund resets, and a new cap is struck from that day’s option prices.
Reset
The day one outcome period ends and the next begins, with a fresh buffer and a fresh cap struck at that day’s level.
How much of the buffer still sits below today’s index level. All of it when the index is above its starting level; less once the index is inside the buffer range.
CBXY, Buffer ETFs, ETFIQ, data as of Oct 1, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. ETFIQ is an independent publisher, is not a fund issuer, broker-dealer or investment adviser, and makes no recommendations.