CBXA vs VYM
Calamos Bitcoin 90 Series Structured Alt Protection ETF - April 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 | CBXA | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.04% | |
| AUM | $4M | $79.0B | |
| Dividend Yield | 2.51% | 2.86% | |
| Holdings | 7 | 568 | |
| YTD Return | -21.01% | +15.80% | |
| 1Y Return | -25.38% | +26.12% | |
| 3Y Return (annualized) | - | +18.25% | |
| 5Y Return (annualized) | - | +12.51% | |
| Volatility (annualized) | 16.7% | 14.6% | |
| Max Drawdown | -29.7% | -58.8% | |
| Fund Family | Calamos Investments | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Apr 7, 2025 | Nov 10, 2006 |
CBXA vs VYM Performance
Calamos Bitcoin 90 Series Structured Alt Protection ETF - April (CBXA) is a ETF from Calamos Investments and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CBXA returned -25.38% while VYM returned +26.12%. Year to date, CBXA is down 21.01% versus a gain of 15.80% for VYM.
Risk: Volatility and Drawdowns
CBXA has been the more volatile fund, with annualized monthly volatility of 16.7% 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 -29.7% for CBXA 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 0.07. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CBXA 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, CBXA currently yields 2.51% against 2.86% for VYM.
Frequently Asked Questions
Which is cheaper, CBXA or VYM?
CBXA 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, CBXA or VYM?
Over the past year CBXA returned -25.38% vs +26.12% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (1 years), CBXA annualized -9.24% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, CBXA or VYM?
CBXA has been the more volatile fund at 16.7% annualized versus 14.6% for VYM. Worst drawdown: CBXA -29.7% vs VYM -58.8%.
Should I hold both CBXA and VYM?
CBXA and VYM have a monthly-return correlation of 0.07, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, CBXA or VYM?
CBXA yields 2.51% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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