CBOJ vs VOO
Calamos Bitcoin Structured Alt Protection ETF - January 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 | CBOJ | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.03% | |
| AUM | $18M | $979.0B | |
| Dividend Yield | 3.20% | 1.09% | |
| Holdings | 7 | 509 | |
| YTD Return | -1.53% | +14.48% | |
| 1Y Return | -6.68% | +22.02% | |
| 3Y Return (annualized) | - | +21.80% | |
| 5Y Return (annualized) | - | +13.36% | |
| Volatility (annualized) | 4.6% | 14.2% | |
| Max Drawdown | -8.4% | -34.3% | |
| Fund Family | Calamos Investments | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jan 22, 2025 | Sep 7, 2010 |
CBOJ vs VOO Performance
Calamos Bitcoin Structured Alt Protection ETF - January (CBOJ) is a ETF from Calamos Investments and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CBOJ returned -6.68% while VOO returned +22.02%. Year to date, CBOJ is down 1.53% versus a gain of 14.48% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 4.6% for CBOJ. 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 -8.4% for CBOJ 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 0.36. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CBOJ charges 0.69% per year while VOO charges 0.03%. On a $10,000 position that is $69 vs $3 annually, a gap of $66 per year that compounds over a long holding period. On income, CBOJ currently yields 3.20% against 1.09% for VOO.
Frequently Asked Questions
Which is cheaper, CBOJ or VOO?
CBOJ has an expense ratio of 0.69% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
Which performed better, CBOJ or VOO?
Over the past year CBOJ returned -6.68% vs +22.02% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), CBOJ annualized -1.39% vs +13.61% for VOO. Past performance does not guarantee future results.
Which is riskier, CBOJ or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 4.6% for CBOJ. Worst drawdown: CBOJ -8.4% vs VOO -34.3%.
Should I hold both CBOJ and VOO?
CBOJ and VOO have a monthly-return correlation of 0.36, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, CBOJ or VOO?
CBOJ yields 3.20% while VOO yields 1.09%, so CBOJ currently pays the higher dividend yield.
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