CCEF vs VOO
Calamos CEF Income & Arbitrage ETF vs Vanguard S&P 500 ETF
Which is better, CCEF or VOO?
VOO has been ahead.
VOO has a lower expense ratio. VOO led over 1Y and the full window. CCEF is less concentrated, with 33.1% of the fund in its ten largest positions against 36.4%.
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 | CCEF | VOO |
|---|---|---|
| Expense Ratio | 3.19% | 0.03%Best |
| AUM | $36M | $997.4B |
| Dividend Yield | 8.03% | 1.08% |
| Holdings | 58 | 509 |
| YTD Return | +8.44% | +13.37%Best |
| 1Y Return | +11.81% | +20.08%Best |
| 3Y Return (annualized) | - | +21.29% |
| 5Y Return (annualized) | - | +12.89% |
| Volatility (annualized) | 9.5%Best | 12.0% |
| Max Drawdown | -14.1%Best | -18.7% |
| $10,000 over 2.6 years | $14,349 | $16,628Best |
| Top 10 Weight | 33.1%Best | 36.4% |
| Fund Family | Calamos Investments | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 16, 2024 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Jan 16, 2024 to Sep 4, 2026 (2.6 years).
CCEF 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 2.6 years both funds cover.
CCEF vs VOO Performance
Calamos CEF Income & Arbitrage ETF (CCEF) is an ETF from Calamos Investments and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year CCEF returned +11.81% while VOO returned +20.08%. Year to date, CCEF is up 8.44% versus a gain of 13.37% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 12.0% compared with 9.5% for CCEF. 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 -14.1% for CCEF and -18.7% 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CCEF charges 3.19% per year while VOO charges 0.03%. On a $10,000 position that is $319 vs $3 annually, a gap of $316 per year that compounds over a long holding period. On income, CCEF currently yields 8.03% against 1.08% for VOO.
Holdings Overlap
We hold position weights for 56 holdings in CCEF and 504 in VOO, totalling 96.2% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 56 positions we hold weights for in CCEF and 504 in VOO, against full books of 58 and 509.
What only one of them owns
Our book lists 494 positions for VOO that do not appear in our book for CCEF (99.3% of the fund), and 54 for CCEF that do not appear in VOO (94.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of CCEF 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, CCEF or VOO?
CCEF has an expense ratio of 3.19% while VOO charges 0.03%. VOO is the cheaper option, by $316 a year on a $10,000 investment.
Which performed better, CCEF or VOO?
Over the past year CCEF returned +11.81% vs +20.08% for VOO, so VOO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CCEF or VOO?
VOO has been the more volatile fund at 12.0% annualized versus 9.5% for CCEF. Worst drawdown: CCEF -14.1% vs VOO -18.7%.
Should I hold both CCEF and VOO?
CCEF and VOO have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CCEF or VOO?
CCEF yields 8.03% while VOO yields 1.08%, so CCEF currently pays the higher dividend yield.
Is VOO better than CCEF?
VOO has a lower expense ratio. VOO led over 1Y and the full window. CCEF is less concentrated, with 33.1% of the fund in its ten largest positions against 36.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.