CAIE vs VOO
Calamos Autocallable Income ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CAIE | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.74% | 0.03% | |
| AUM | $1.1B | $979.0B | |
| Dividend Yield | 13.30% | 1.09% | |
| Holdings | 6 | 509 | |
| YTD Return | +9.75% | +13.72% | |
| 1Y Return | +17.36% | +21.63% | |
| 3Y Return (annualized) | - | +21.55% | |
| 5Y Return (annualized) | - | +13.26% | |
| Volatility (annualized) | 11.0% | 14.1% | |
| Max Drawdown | -7.7% | -34.3% | |
| Fund Family | Calamos Investments | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 25, 2025 | Sep 7, 2010 |
CAIE vs VOO Performance
Calamos Autocallable Income ETF (CAIE) is a ETF from Calamos Investments and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CAIE returned +17.36% while VOO returned +21.63%. Year to date, CAIE is up 9.75% versus a gain of 13.72% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 11.0% for CAIE. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -7.7% for CAIE and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CAIE charges 0.74% per year while VOO charges 0.03%. On a $10,000 position that is $74 vs $3 annually, a gap of $71 per year that compounds over a long holding period. On income, CAIE currently yields 13.30% against 1.09% for VOO.
Holdings Overlap
CAIE and VOO share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CAIE or VOO?
CAIE has an expense ratio of 0.74% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $71 per year of difference.
Which performed better, CAIE or VOO?
Over the past year CAIE returned +17.36% vs +21.63% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), CAIE annualized +23.04% vs +13.56% for VOO. Past performance does not guarantee future results.
Which is riskier, CAIE or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 11.0% for CAIE. Worst drawdown: CAIE -7.7% vs VOO -34.3%.
Should I hold both CAIE and VOO?
CAIE and VOO have a monthly-return correlation of 0.97, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between CAIE and VOO?
CAIE and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, CAIE or VOO?
CAIE yields 13.30% while VOO yields 1.09%, so CAIE currently pays the higher dividend yield.
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