CCD vs IVV
Calamos Dynamic Convertible and Income Fund vs iShares Core S&P 500 ETF
Which is better, CCD or IVV?
Convertibles against Large Cap Blend.
IVV has a lower expense ratio. CCD led over 1Y, IVV over 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CCD | IVV |
|---|---|---|
| Expense Ratio | 2.10% | 0.03%Best |
| AUM | $972M | $876.4B |
| Dividend Yield | 4.13% | 1.06% |
| Holdings | 612 | 508 |
| YTD Return | +20.26%Best | +12.51% |
| 1Y Return | +25.27%Best | +17.57% |
| 3Y Return (annualized) | +18.06% | +21.27%Best |
| 5Y Return (annualized) | +4.68% | +12.95%Best |
| Volatility (annualized) | 21.0% | 15.1%Best |
| Max Drawdown | -60.9% | -33.9%Best |
| $10,000 over 5 years | $12,570 | $18,384Best |
| Fund Family | Calamos Investments | iShares by BlackRock (US) |
| Category | Convertible | Equity |
| Style | Convertibles | Large Cap Blend |
| Inception | Mar 27, 2015 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Mar 27, 2015 to Sep 11, 2026 (11.5 years).
CCD vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 11.5 years both funds cover.
CCD vs IVV Performance
Calamos Dynamic Convertible and Income Fund (CCD) is an ETF from Calamos Investments and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year CCD returned +25.27% while IVV returned +17.57%. Year to date, CCD is up 20.26% versus a gain of 12.51% for IVV.
Over three years, CCD compounded at +18.06% per year against +21.27% for IVV; over five years the annualized figures are +4.68% and +12.95% respectively. Across the full 12-year window we track, IVV has the edge at +12.87% annualized vs +4.57%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CCD has been the more volatile fund, with annualized monthly volatility of 21.0% compared with 15.1% for IVV. 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 -60.9% for CCD and -33.9% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CCD charges 2.10% per year while IVV charges 0.03%. On a $10,000 position that is $210 vs $3 annually, a gap of $207 per year that compounds over a long holding period. On income, CCD currently yields 4.13% against 1.06% for IVV.
Holdings Overlap
At least 12.0% of IVV's money is in holdings CCD also owns.
Stated as a floor: for CCD, our book for it covers 88.9% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
IVV and CCD share little of their money.
The two holdings books were reported 186 days apart, CCD as of Jan 31, 2026 and IVV as of Aug 5, 2026, so some of the difference between them is the time between the two reports rather than the funds.
55 positions in common, counted across the 337 positions we hold weights for in CCD and 505 in IVV, against full books of 612 and 508.
Top Shared Holdings
| Stock | Weight in CCD | Weight in IVV | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 0.00% | 5.44% | 5.44% |
| WDCWestern Digital Corp. | 3.38% | 0.27% | 3.11% |
| BABoeing Co | 2.79% | 0.28% | 2.51% |
| LITELumentum Holdings Inc | 2.96% | 0.10% | 2.86% |
| STXSeagate Technology Plc | 1.83% | 0.28% | 1.55% |
| UBERUber Technologies Inc | 1.74% | 0.21% | 1.53% |
| PPLPpl Corp. | 1.69% | 0.04% | 1.65% |
| ONOn Semiconductor Corp | 1.66% | 0.05% | 1.61% |
| AKAMAkamai Technologies Inc. | 1.62% | 0.03% | 1.59% |
| BACBank Of America Corp. | 1.00% | 0.62% | 0.38% |
You are not choosing between two funds in isolation.
Whichever of CCD and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CCD or IVV?
CCD has an expense ratio of 2.10% while IVV charges 0.03%. IVV is the cheaper option, by $207 a year on a $10,000 investment.
Which performed better, CCD or IVV?
Over the past year CCD returned +25.27% vs +17.57% for IVV, so CCD leads on 1-year performance. Over the longest common window we track (12 years), CCD annualized +4.57% vs +12.87% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CCD or IVV?
CCD has been the more volatile fund at 21.0% annualized versus 15.1% for IVV. Worst drawdown: CCD -60.9% vs IVV -33.9%.
Should I hold both CCD and IVV?
CCD and IVV have a monthly-return correlation of 0.75, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CCD and IVV?
At least 12.0% of IVV's money is in holdings CCD also owns. Our book for CCD is partial, so the real figure is this or higher. They hold 55 positions in common, counted across the 337 positions we hold weights for in CCD and 505 in IVV.
Which pays a higher dividend, CCD or IVV?
CCD yields 4.13% while IVV yields 1.06%, so CCD currently pays the higher dividend yield.
Is IVV better than CCD?
IVV has a lower expense ratio. CCD led over 1Y, IVV over 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.