CBXY vs VYM
Calamos Bitcoin 90 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 613 holdings.
Side-by-Side Comparison
| Metric | CBXY | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.04% | |
| AUM | $6M | $81.6B | |
| Dividend Yield | 1.43% | 2.24% | |
| Holdings | 7 | 613 | |
| YTD Return | +0.69% | +14.57% | |
| 1Y Return | -6.01% | +21.08% | |
| 3Y Return (annualized) | - | +18.16% | |
| 5Y Return (annualized) | - | +12.00% | |
| Volatility (annualized) | 10.2% | 14.6% | |
| Max Drawdown | -16.4% | -58.8% | |
| Fund Family | Calamos Investments | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 8, 2025 | Nov 10, 2006 |
CBXY vs VYM Performance
Calamos Bitcoin 90 Series Structured Alt Protection ETF - July (CBXY) is a ETF from Calamos Investments and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CBXY returned -6.01% while VYM returned +21.08%. Year to date, CBXY is up 0.69% versus a gain of 14.57% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 10.2% for CBXY. 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 -16.4% for CBXY 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 -0.22. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CBXY 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, CBXY currently yields 1.43% against 2.24% for VYM.
Holdings Overlap
CBXY and VYM share 0 holdings out of 604 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CBXY or VYM?
CBXY 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, CBXY or VYM?
Over the past year CBXY returned -6.01% vs +21.08% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (1 years), CBXY annualized -4.16% vs +6.99% for VYM. Past performance does not guarantee future results.
Which is riskier, CBXY or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 10.2% for CBXY. Worst drawdown: CBXY -16.4% vs VYM -58.8%.
Should I hold both CBXY and VYM?
CBXY and VYM have a monthly-return correlation of -0.22, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CBXY and VYM?
CBXY and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 604 unique securities.
Which pays a higher dividend, CBXY or VYM?
CBXY yields 1.43% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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