CBTJ vs VYM
Calamos Bitcoin 80 Series 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 | CBTJ | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.04% | |
| AUM | $24M | $79.0B | |
| Dividend Yield | 1.83% | 2.86% | |
| Holdings | 7 | 568 | |
| YTD Return | -21.61% | +16.16% | |
| 1Y Return | -38.78% | +26.05% | |
| 3Y Return (annualized) | - | +18.43% | |
| 5Y Return (annualized) | - | +12.21% | |
| Volatility (annualized) | 22.2% | 14.6% | |
| Max Drawdown | -42.4% | -58.8% | |
| Fund Family | Calamos Investments | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Feb 4, 2025 | Nov 10, 2006 |
CBTJ vs VYM Performance
Calamos Bitcoin 80 Series Structured Alt Protection ETF - January (CBTJ) is a ETF from Calamos Investments and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CBTJ returned -38.78% while VYM returned +26.05%. Year to date, CBTJ is down 21.61% versus a gain of 16.16% for VYM.
Risk: Volatility and Drawdowns
CBTJ has been the more volatile fund, with annualized monthly volatility of 22.2% compared with 14.6% 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 -42.4% for CBTJ 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 -0.09. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CBTJ 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, CBTJ currently yields 1.83% against 2.86% for VYM.
Frequently Asked Questions
Which is cheaper, CBTJ or VYM?
CBTJ 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, CBTJ or VYM?
Over the past year CBTJ returned -38.78% vs +26.05% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), CBTJ annualized -20.03% vs +7.09% for VYM. Past performance does not guarantee future results.
Which is riskier, CBTJ or VYM?
CBTJ has been the more volatile fund at 22.2% annualized versus 14.6% for VYM. Worst drawdown: CBTJ -42.4% vs VYM -58.8%.
Should I hold both CBTJ and VYM?
CBTJ and VYM have a monthly-return correlation of -0.09, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, CBTJ or VYM?
CBTJ yields 1.83% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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