CBOJ vs VYM
Calamos Bitcoin Structured Alt Protection ETF - January vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | CBOJ | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.04% | |
| AUM | $18M | $79.0B | |
| Dividend Yield | 3.20% | 2.86% | |
| Holdings | 7 | 568 | |
| YTD Return | -1.80% | +16.53% | |
| 1Y Return | -6.56% | +25.03% | |
| 3Y Return (annualized) | - | +18.54% | |
| 5Y Return (annualized) | - | +12.25% | |
| Volatility (annualized) | 4.6% | 14.6% | |
| Max Drawdown | -8.4% | -58.8% | |
| Fund Family | Calamos Investments | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jan 22, 2025 | Nov 10, 2006 |
CBOJ vs VYM Performance
Calamos Bitcoin Structured Alt Protection ETF - January (CBOJ) is a ETF from Calamos Investments and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CBOJ returned -6.56% while VYM returned +25.03%. Year to date, CBOJ is down 1.80% versus a gain of 16.53% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 -0.07. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CBOJ charges 0.69% per year while VYM charges 0.04%. On a $10,000 position that is $69 vs $4 annually, a gap of $65 per year that compounds over a long holding period. On income, CBOJ currently yields 3.20% against 2.86% for VYM.
Frequently Asked Questions
Which is cheaper, CBOJ or VYM?
CBOJ has an expense ratio of 0.69% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $65 per year of difference.
Which performed better, CBOJ or VYM?
Over the past year CBOJ returned -6.56% vs +25.03% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), CBOJ annualized -1.56% vs +7.10% for VYM. Past performance does not guarantee future results.
Which is riskier, CBOJ or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 4.6% for CBOJ. Worst drawdown: CBOJ -8.4% vs VYM -58.8%.
Should I hold both CBOJ and VYM?
CBOJ and VYM have a monthly-return correlation of -0.07, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, CBOJ or VYM?
CBOJ yields 3.20% while VYM yields 2.86%, so CBOJ currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.