CBTY vs VYM
Calamos Bitcoin 80 Series Structured Alt Protection ETF - July 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 616 holdings.
Side-by-Side Comparison
| Metric | CBTY | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.04% | |
| AUM | $5M | $81.6B | |
| Dividend Yield | 1.63% | 2.24% | |
| Holdings | 7 | 616 | |
| YTD Return | -3.16% | +14.84% | |
| 1Y Return | -14.39% | +20.88% | |
| 3Y Return (annualized) | - | +18.34% | |
| 5Y Return (annualized) | - | +12.04% | |
| Volatility (annualized) | 16.3% | 14.6% | |
| Max Drawdown | -27.8% | -58.8% | |
| Fund Family | Calamos Investments | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 8, 2025 | Nov 10, 2006 |
CBTY vs VYM Performance
Calamos Bitcoin 80 Series Structured Alt Protection ETF - July (CBTY) is a ETF from Calamos Investments and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CBTY returned -14.39% while VYM returned +20.88%. Year to date, CBTY is down 3.16% versus a gain of 14.84% for VYM.
Risk: Volatility and Drawdowns
CBTY has been the more volatile fund, with annualized monthly volatility of 16.3% 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 -27.8% for CBTY 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 -0.21. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CBTY 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, CBTY currently yields 1.63% against 2.24% for VYM.
Frequently Asked Questions
Which is cheaper, CBTY or VYM?
CBTY 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, CBTY or VYM?
Over the past year CBTY returned -14.39% vs +20.88% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (1 years), CBTY annualized -11.30% vs +7.01% for VYM. Past performance does not guarantee future results.
Which is riskier, CBTY or VYM?
CBTY has been the more volatile fund at 16.3% annualized versus 14.6% for VYM. Worst drawdown: CBTY -27.8% vs VYM -58.8%.
Should I hold both CBTY and VYM?
CBTY and VYM have a monthly-return correlation of -0.21, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, CBTY or VYM?
CBTY yields 1.63% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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