CBTJ vs VOO
CBTJ vs VOO
Calamos Bitcoin 80 Series 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 | CBTJ | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.03% | |
| AUM | $24M | $979.0B | |
| Dividend Yield | 1.83% | 1.09% | |
| Holdings | 7 | 509 | |
| YTD Return | -20.66% | +13.80% | |
| 1Y Return | -37.47% | +23.71% | |
| 3Y Return (annualized) | - | +21.50% | |
| 5Y Return (annualized) | - | +13.44% | |
| Volatility (annualized) | 22.3% | 14.1% | |
| Max Drawdown | -42.4% | -34.3% | |
| Fund Family | Calamos Investments | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Feb 4, 2025 | Sep 7, 2010 |
CBTJ vs VOO Performance
Calamos Bitcoin 80 Series Structured Alt Protection ETF - January (CBTJ) is a ETF from Calamos Investments and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CBTJ returned -37.47% while VOO returned +23.71%. Year to date, CBTJ is down 20.66% versus a gain of 13.80% for VOO.
Risk: Volatility and Drawdowns
CBTJ has been the more volatile fund, with annualized monthly volatility of 22.3% 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 -42.4% for CBTJ 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
CBTJ 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, CBTJ currently yields 1.83% against 1.09% for VOO.
Frequently Asked Questions
Which is cheaper, CBTJ or VOO?
CBTJ 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, CBTJ or VOO?
Over the past year CBTJ returned -37.47% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), CBTJ annualized -19.51% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, CBTJ or VOO?
CBTJ has been the more volatile fund at 22.3% annualized versus 14.1% for VOO. Worst drawdown: CBTJ -42.4% vs VOO -34.3%.
Should I hold both CBTJ and VOO?
CBTJ 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, CBTJ or VOO?
CBTJ yields 1.83% while VOO yields 1.09%, so CBTJ currently pays the higher dividend yield.
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