CCD vs VYM
Calamos Dynamic Convertible and Income Fund vs Vanguard High Dividend Yield ETF
Which is better, CCD or VYM?
Convertibles against Large Cap Value.
VYM has a lower expense ratio. CCD led over 1Y, VYM 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 | VYM |
|---|---|---|
| Expense Ratio | 2.10% | 0.04%Best |
| AUM | $972M | $81.6B |
| Dividend Yield | 4.13% | 2.22% |
| Holdings | 612 | 613 |
| YTD Return | +20.26%Best | +13.91% |
| 1Y Return | +25.27%Best | +17.57% |
| 3Y Return (annualized) | +18.06% | +18.12%Best |
| 5Y Return (annualized) | +4.68% | +12.17%Best |
| Volatility (annualized) | 21.0% | 13.9%Best |
| Max Drawdown | -60.9% | -35.7%Best |
| $10,000 over 5 years | $12,570 | $17,758Best |
| Fund Family | Calamos Investments | Vanguard (US) |
| Category | Convertible | Equity |
| Style | Convertibles | Large Cap Value |
| Inception | Mar 27, 2015 | Nov 10, 2006 |
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 VYM 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 VYM Performance
Calamos Dynamic Convertible and Income Fund (CCD) is an ETF from Calamos Investments and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year CCD returned +25.27% while VYM returned +17.57%. Year to date, CCD is up 20.26% versus a gain of 13.91% for VYM.
Over three years, CCD compounded at +18.06% per year against +18.12% for VYM; over five years the annualized figures are +4.68% and +12.17% respectively. Across the full 12-year window we track, VYM has the edge at +9.47% 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 13.9% 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 -60.9% for CCD and -35.7% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.67. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CCD charges 2.10% per year while VYM charges 0.04%. On a $10,000 position that is $210 vs $4 annually, a gap of $206 per year that compounds over a long holding period. On income, CCD currently yields 4.13% against 2.22% for VYM.
Holdings Overlap
At least 8.0% of VYM'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.
VYM and CCD share little of their money.
The two holdings books were reported 150 days apart, CCD as of Jan 31, 2026 and VYM as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
47 positions in common, counted across the 337 positions we hold weights for in CCD and 603 in VYM, against full books of 612 and 613.
Top Shared Holdings
| Stock | Weight in CCD | Weight in VYM | Difference |
|---|---|---|---|
| BACBank Of America Corp. | 1.00% | 1.56% | 0.56% |
| SOSouthern Co. | 1.39% | 0.45% | 0.94% |
| PPLPpl Corp. | 1.69% | 0.11% | 1.58% |
| DUKDuke Energy Corp. | 0.77% | 0.41% | 0.36% |
| MCHPMicrochip Technology Inc. | 0.97% | 0.20% | 0.77% |
| ALBAlbemarle Corp. | 0.90% | 0.07% | 0.83% |
| CCitigroup Inc. | 0.02% | 0.94% | 0.92% |
| HPEHewlett Packard Enterprise Co. | 0.43% | 0.25% | 0.18% |
| CMSCms Energy Corp. | 0.46% | 0.10% | 0.36% |
| DELLDell Technologies Inc. | 0.00% | 0.54% | 0.54% |
You are not choosing between two funds in isolation.
Whichever of CCD and VYM 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 VYM?
CCD has an expense ratio of 2.10% while VYM charges 0.04%. VYM is the cheaper option, by $206 a year on a $10,000 investment.
Which performed better, CCD or VYM?
Over the past year CCD returned +25.27% vs +17.57% for VYM, so CCD leads on 1-year performance. Over the longest common window we track (12 years), CCD annualized +4.57% vs +9.47% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CCD or VYM?
CCD has been the more volatile fund at 21.0% annualized versus 13.9% for VYM. Worst drawdown: CCD -60.9% vs VYM -35.7%.
Should I hold both CCD and VYM?
CCD and VYM have a monthly-return correlation of 0.67, 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 VYM?
At least 8.0% of VYM's money is in holdings CCD also owns. Our book for CCD is partial, so the real figure is this or higher. They hold 47 positions in common, counted across the 337 positions we hold weights for in CCD and 603 in VYM.
Which pays a higher dividend, CCD or VYM?
CCD yields 4.13% while VYM yields 2.22%, so CCD currently pays the higher dividend yield.
Is VYM better than CCD?
VYM has a lower expense ratio. CCD led over 1Y, VYM 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.