CBTA vs VOO
Calamos Bitcoin 80 Series Structured Alt Protection ETF - April 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 | CBTA | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.03% | |
| AUM | $5M | $979.0B | |
| Dividend Yield | 1.21% | 1.09% | |
| Holdings | 7 | 509 | |
| YTD Return | -25.23% | +13.80% | |
| 1Y Return | -33.99% | +23.71% | |
| 3Y Return (annualized) | - | +21.50% | |
| 5Y Return (annualized) | - | +13.44% | |
| Volatility (annualized) | 24.9% | 14.1% | |
| Max Drawdown | -39.8% | -34.3% | |
| Fund Family | Calamos Investments | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Apr 7, 2025 | Sep 7, 2010 |
CBTA vs VOO Performance
Calamos Bitcoin 80 Series Structured Alt Protection ETF - April (CBTA) is a ETF from Calamos Investments and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CBTA returned -33.99% while VOO returned +23.71%. Year to date, CBTA is down 25.23% versus a gain of 13.80% for VOO.
Risk: Volatility and Drawdowns
CBTA has been the more volatile fund, with annualized monthly volatility of 24.9% compared with 14.1% for VOO. 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 -39.8% for CBTA 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 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CBTA 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, CBTA currently yields 1.21% against 1.09% for VOO.
Frequently Asked Questions
Which is cheaper, CBTA or VOO?
CBTA 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, CBTA or VOO?
Over the past year CBTA returned -33.99% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), CBTA annualized -11.21% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, CBTA or VOO?
CBTA has been the more volatile fund at 24.9% annualized versus 14.1% for VOO. Worst drawdown: CBTA -39.8% vs VOO -34.3%.
Should I hold both CBTA and VOO?
CBTA and VOO have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, CBTA or VOO?
CBTA yields 1.21% while VOO yields 1.09%, so CBTA currently pays the higher dividend yield.
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