CBXA vs VOO
Calamos Bitcoin 90 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 | CBXA | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.03% | |
| AUM | $4M | $979.0B | |
| Dividend Yield | 2.51% | 1.09% | |
| Holdings | 7 | 509 | |
| YTD Return | -21.01% | +13.80% | |
| 1Y Return | -25.38% | +23.71% | |
| 3Y Return (annualized) | - | +21.50% | |
| 5Y Return (annualized) | - | +13.44% | |
| Volatility (annualized) | 16.7% | 14.1% | |
| Max Drawdown | -29.7% | -34.3% | |
| Fund Family | Calamos Investments | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Apr 7, 2025 | Sep 7, 2010 |
CBXA vs VOO Performance
Calamos Bitcoin 90 Series Structured Alt Protection ETF - April (CBXA) is a ETF from Calamos Investments and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CBXA returned -25.38% while VOO returned +23.71%. Year to date, CBXA is down 21.01% versus a gain of 13.80% for VOO.
Risk: Volatility and Drawdowns
CBXA has been the more volatile fund, with annualized monthly volatility of 16.7% 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 -29.7% for CBXA 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 0.54. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CBXA 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, CBXA currently yields 2.51% against 1.09% for VOO.
Frequently Asked Questions
Which is cheaper, CBXA or VOO?
CBXA 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, CBXA or VOO?
Over the past year CBXA returned -25.38% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), CBXA annualized -9.24% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, CBXA or VOO?
CBXA has been the more volatile fund at 16.7% annualized versus 14.1% for VOO. Worst drawdown: CBXA -29.7% vs VOO -34.3%.
Should I hold both CBXA and VOO?
CBXA and VOO have a monthly-return correlation of 0.54, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, CBXA or VOO?
CBXA yields 2.51% while VOO yields 1.09%, so CBXA currently pays the higher dividend yield.
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