CBTY vs VOO
Calamos Bitcoin 80 Series Structured Alt Protection ETF - July 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 | CBTY | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.03% | |
| AUM | $5M | $979.0B | |
| Dividend Yield | 1.65% | 1.09% | |
| Holdings | 5 | 509 | |
| YTD Return | -10.37% | +13.80% | |
| 1Y Return | -22.32% | +23.71% | |
| 3Y Return (annualized) | - | +21.50% | |
| 5Y Return (annualized) | - | +13.44% | |
| Volatility (annualized) | 12.1% | 14.1% | |
| Max Drawdown | -27.8% | -34.3% | |
| Fund Family | Calamos Investments | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 8, 2025 | Sep 7, 2010 |
CBTY vs VOO Performance
Calamos Bitcoin 80 Series Structured Alt Protection ETF - July (CBTY) is a ETF from Calamos Investments and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CBTY returned -22.32% while VOO returned +23.71%. Year to date, CBTY is down 10.37% versus a gain of 13.80% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 12.1% for CBTY. 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 -27.8% for CBTY 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 0.28. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CBTY 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, CBTY currently yields 1.65% against 1.09% for VOO.
Frequently Asked Questions
Which is cheaper, CBTY or VOO?
CBTY 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, CBTY or VOO?
Over the past year CBTY returned -22.32% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), CBTY annualized -17.95% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, CBTY or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 12.1% for CBTY. Worst drawdown: CBTY -27.8% vs VOO -34.3%.
Should I hold both CBTY and VOO?
CBTY and VOO have a monthly-return correlation of 0.28, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, CBTY or VOO?
CBTY yields 1.65% while VOO yields 1.09%, so CBTY currently pays the higher dividend yield.
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