CANQ vs VYM
Calamos Nasdaq Equity & Income ETF vs Vanguard High Dividend Yield ETF
Which is better, CANQ or VYM?
Multi Alternative against Large Cap Value.
VYM has a lower expense ratio. VYM 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 | VYM |
|---|---|---|
| Expense Ratio | 0.94% | 0.04%Best |
| AUM | $21M | $81.6B |
| Dividend Yield | 4.53% | 2.22% |
| Holdings | 32 | 613 |
| YTD Return | +2.83% | +13.08%Best |
| 1Y Return | +2.88% | +17.46%Best |
| 3Y Return (annualized) | - | +17.73% |
| 5Y Return (annualized) | - | +12.22% |
| Volatility (annualized) | 11.2% | 10.3%Best |
| Max Drawdown | -12.8%Best | -14.5% |
| $10,000 over 2.1 years | $13,080 | $14,430Best |
| Fund Family | Calamos Investments | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Value |
| Inception | Feb 13, 2024 | Nov 10, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Aug 5, 2024 to Sep 14, 2026 (2.1 years).
CANQ vs VYM 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 2.1 years both funds cover.
CANQ vs VYM Performance
Calamos Nasdaq Equity & Income ETF (CANQ) is an ETF from Calamos Investments and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year CANQ returned +2.88% while VYM returned +17.46%. Year to date, CANQ is up 2.83% versus a gain of 13.08% for VYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CANQ has been the more volatile fund, with annualized monthly volatility of 11.2% compared with 10.3% for VYM. 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 -14.5% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.52. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CANQ charges 0.94% per year while VYM charges 0.04%. On a $10,000 position that is $94 vs $4 annually, a gap of $90 per year that compounds over a long holding period. On income, CANQ currently yields 4.53% against 2.22% for VYM.
Holdings Overlap
At least 9.6% of VYM's money is in holdings CANQ also owns.
Stated as a floor: for CANQ, our book for it covers 94.1% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
VYM and CANQ share little of their money.
3 positions in common, counted across the 23 positions we hold weights for in CANQ and 557 in VYM, against full books of 32 and 613.
You are not choosing between two funds in isolation.
Whichever of CANQ and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CANQ or VYM?
CANQ has an expense ratio of 0.94% while VYM charges 0.04%. VYM is the cheaper option, by $90 a year on a $10,000 investment.
Which performed better, CANQ or VYM?
Over the past year CANQ returned +2.88% vs +17.46% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), CANQ annualized +13.64% vs +19.08% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CANQ or VYM?
CANQ has been the more volatile fund at 11.2% annualized versus 10.3% for VYM. Worst drawdown: CANQ -12.8% vs VYM -14.5%.
Should I hold both CANQ and VYM?
CANQ and VYM have a monthly-return correlation of 0.52, 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 VYM?
At least 9.6% of VYM's money is in holdings CANQ also owns. Our book for CANQ is partial, so the real figure is this or higher. They hold 3 positions in common, counted across the 23 positions we hold weights for in CANQ and 557 in VYM.
Which pays a higher dividend, CANQ or VYM?
CANQ yields 4.53% while VYM yields 2.22%, so CANQ currently pays the higher dividend yield.
Is VYM better than CANQ?
VYM has a lower expense ratio. VYM 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.