CANQ vs VOO
Calamos Nasdaq Equity & Income ETF vs Vanguard S&P 500 ETF
Which is better, CANQ or VOO?
Multi Alternative against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CANQ | VOO |
|---|---|---|
| Expense Ratio | 0.94% | 0.03%Best |
| AUM | $21M | $1.0T |
| Dividend Yield | 4.53% | 1.04% |
| Holdings | 30 | 506 |
| YTD Return | +3.51% | +14.81%Best |
| 1Y Return | +3.44% | +18.66%Best |
| 3Y Return (annualized) | - | +23.30% |
| 5Y Return (annualized) | - | +13.98% |
| Volatility (annualized) | 11.0%Best | 12.2% |
| Max Drawdown | -12.8%Best | -18.7% |
| $10,000 over 2.2 years | $13,205 | $15,510Best |
| Fund Family | Calamos Investments | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Feb 13, 2024 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Aug 5, 2024 to Oct 12, 2026 (2.2 years).
CANQ vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.2 years both funds cover.
CANQ vs VOO Performance
Calamos Nasdaq Equity & Income ETF (CANQ) is an ETF from Calamos Investments and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year CANQ returned +3.44% while VOO returned +18.66%. Year to date, CANQ is up 3.51% versus a gain of 14.81% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 12.2% compared with 11.0% for CANQ. 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 -12.8% for CANQ and -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CANQ charges 0.94% per year while VOO charges 0.03%. On a $10,000 position that is $94 vs $3 annually, a gap of $91 per year that compounds over a long holding period. On income, CANQ currently yields 4.53% against 1.04% for VOO.
Holdings Overlap
At least 33.9% of VOO's money is in holdings CANQ also owns.
Stated as a floor: for CANQ, our book for it covers 94.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
The two holdings books were reported 46 days apart, CANQ as of Sep 15, 2026 and VOO as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
13 positions in common, counted across the 22 positions we hold weights for in CANQ and 494 in VOO, against full books of 30 and 506.
Top Shared Holdings
| Stock | Weight in CANQ | Weight in VOO | Difference |
|---|---|---|---|
| AAPLApple, Inc | 2.93% | 7.05% | 4.12% |
| NVDANvidia Corp | 0.31% | 7.55% | 7.24% |
| MSFTMicrosoft Corp | 1.18% | 5.36% | 4.18% |
| AMZNAmazon.Com Inc | 0.73% | 4.13% | 3.40% |
| AMDAdvanced Micro Devices Inc | 2.12% | 1.21% | 0.91% |
| GOOGAlphabet Inc. C | 0.65% | 2.62% | 1.97% |
| METAMeta Platforms Inc | 0.32% | 1.90% | 1.58% |
| TSLATesla Inc | 0.11% | 1.36% | 1.25% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.71% | 0.71% | 0.00% |
| COSTCostco Wholesale Corp. | 0.36% | 0.66% | 0.30% |
33.9% of VOO is already inside CANQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, CANQ or VOO?
CANQ has an expense ratio of 0.94% while VOO charges 0.03%. VOO is the cheaper option, by $91 a year on a $10,000 investment.
Which performed better, CANQ or VOO?
Over the past year CANQ returned +3.44% vs +18.66% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), CANQ annualized +13.47% vs +22.08% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CANQ or VOO?
VOO has been the more volatile fund at 12.2% annualized versus 11.0% for CANQ. Worst drawdown: CANQ -12.8% vs VOO -18.7%.
Should I hold both CANQ and VOO?
CANQ and VOO have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CANQ and VOO?
At least 33.9% of VOO's money is in holdings CANQ also owns. Our book for CANQ is partial, so the real figure is this or higher. They hold 13 positions in common, counted across the 22 positions we hold weights for in CANQ and 494 in VOO.
Which pays a higher dividend, CANQ or VOO?
CANQ yields 4.53% while VOO yields 1.04%, so CANQ currently pays the higher dividend yield.
Is VOO better than CANQ?
VOO has a lower expense ratio. VOO led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.