CBXJ vs VOO
Calamos Bitcoin 90 Series Structured Alt Protection ETF - January 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 | CBXJ | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.03% | |
| AUM | $17M | $979.0B | |
| Dividend Yield | 2.23% | 1.09% | |
| Holdings | 7 | 509 | |
| YTD Return | -13.37% | +13.72% | |
| 1Y Return | -27.52% | +21.63% | |
| 3Y Return (annualized) | - | +21.55% | |
| 5Y Return (annualized) | - | +13.26% | |
| Volatility (annualized) | 14.8% | 14.1% | |
| Max Drawdown | -30.2% | -34.3% | |
| Fund Family | Calamos Investments | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Feb 4, 2025 | Sep 7, 2010 |
CBXJ vs VOO Performance
Calamos Bitcoin 90 Series Structured Alt Protection ETF - January (CBXJ) is a ETF from Calamos Investments and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CBXJ returned -27.52% while VOO returned +21.63%. Year to date, CBXJ is down 13.37% versus a gain of 13.72% for VOO.
Risk: Volatility and Drawdowns
CBXJ has been the more volatile fund, with annualized monthly volatility of 14.8% 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 -30.2% for CBXJ 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 0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CBXJ 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, CBXJ currently yields 2.23% against 1.09% for VOO.
Frequently Asked Questions
Which is cheaper, CBXJ or VOO?
CBXJ 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, CBXJ or VOO?
Over the past year CBXJ returned -27.52% vs +21.63% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), CBXJ annualized -12.92% vs +13.56% for VOO. Past performance does not guarantee future results.
Which is riskier, CBXJ or VOO?
CBXJ has been the more volatile fund at 14.8% annualized versus 14.1% for VOO. Worst drawdown: CBXJ -30.2% vs VOO -34.3%.
Should I hold both CBXJ and VOO?
CBXJ and VOO have a monthly-return correlation of 0.35, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, CBXJ or VOO?
CBXJ yields 2.23% while VOO yields 1.09%, so CBXJ currently pays the higher dividend yield.
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