CCD vs VOO
Calamos Dynamic Convertible and Income Fund vs Vanguard S&P 500 ETF
Which is better, CCD or VOO?
Convertibles against Large Cap Blend.
VOO has a lower expense ratio. CCD led over 1Y, VOO 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 | VOO |
|---|---|---|
| Expense Ratio | 2.10% | 0.03%Best |
| AUM | $972M | $997.4B |
| Dividend Yield | 4.13% | 1.04% |
| Holdings | 612 | 509 |
| YTD Return | +20.26%Best | +12.50% |
| 1Y Return | +25.27%Best | +17.58% |
| 3Y Return (annualized) | +18.06% | +21.27%Best |
| 5Y Return (annualized) | +4.68% | +12.95%Best |
| Volatility (annualized) | 21.0% | 15.0%Best |
| Max Drawdown | -60.9% | -34.3%Best |
| $10,000 over 5 years | $12,570 | $18,384Best |
| Fund Family | Calamos Investments | Vanguard (US) |
| Category | Convertible | Equity |
| Style | Convertibles | Large Cap Blend |
| Inception | Mar 27, 2015 | Sep 7, 2010 |
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 VOO 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 VOO Performance
Calamos Dynamic Convertible and Income Fund (CCD) is an ETF from Calamos Investments and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year CCD returned +25.27% while VOO returned +17.58%. Year to date, CCD is up 20.26% versus a gain of 12.50% for VOO.
Over three years, CCD compounded at +18.06% per year against +21.27% for VOO; over five years the annualized figures are +4.68% and +12.95% respectively. Across the full 12-year window we track, VOO has the edge at +12.93% 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 15.0% 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 -60.9% for CCD and -34.3% for VOO. 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 VOO 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 1.04% for VOO.
Holdings Overlap
At least 11.3% of VOO'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.
VOO and CCD share little of their money.
The two holdings books were reported 150 days apart, CCD as of Jan 31, 2026 and VOO as of Jun 30, 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 VOO, against full books of 612 and 509.
Top Shared Holdings
| Stock | Weight in CCD | Weight in VOO | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 0.00% | 4.30% | 4.30% |
| WDCWestern Digital Corp. | 3.38% | 0.34% | 3.04% |
| LITELumentum Holdings Inc | 2.96% | 0.10% | 2.86% |
| BABoeing Co | 2.79% | 0.26% | 2.53% |
| STXSeagate Technology Plc | 1.83% | 0.34% | 1.49% |
| UBERUber Technologies Inc | 1.74% | 0.23% | 1.51% |
| AMDAdvanced Micro Devices Inc. | 0.44% | 1.47% | 1.03% |
| PPLPpl Corp. | 1.69% | 0.04% | 1.65% |
| ONOn Semiconductor Corp | 1.66% | 0.06% | 1.60% |
| AKAMAkamai Technologies Inc. | 1.62% | 0.03% | 1.59% |
You are not choosing between two funds in isolation.
Whichever of CCD and VOO 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 VOO?
CCD has an expense ratio of 2.10% while VOO charges 0.03%. VOO is the cheaper option, by $207 a year on a $10,000 investment.
Which performed better, CCD or VOO?
Over the past year CCD returned +25.27% vs +17.58% for VOO, so CCD leads on 1-year performance. Over the longest common window we track (12 years), CCD annualized +4.57% vs +12.93% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CCD or VOO?
CCD has been the more volatile fund at 21.0% annualized versus 15.0% for VOO. Worst drawdown: CCD -60.9% vs VOO -34.3%.
Should I hold both CCD and VOO?
CCD and VOO 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 VOO?
At least 11.3% of VOO'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 VOO.
Which pays a higher dividend, CCD or VOO?
CCD yields 4.13% while VOO yields 1.04%, so CCD currently pays the higher dividend yield.
Is VOO better than CCD?
VOO has a lower expense ratio. CCD led over 1Y, VOO 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.