CCEF vs VYM
Calamos CEF Income & Arbitrage ETF 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 616 holdings.
Side-by-Side Comparison
| Metric | CCEF | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 3.19% | 0.04% | |
| AUM | $35M | $81.6B | |
| Dividend Yield | 8.03% | 2.24% | |
| Holdings | 55 | 616 | |
| YTD Return | +9.37% | +15.84% | |
| 1Y Return | +14.05% | +23.95% | |
| 3Y Return (annualized) | - | +19.02% | |
| 5Y Return (annualized) | - | +12.19% | |
| Volatility (annualized) | 9.5% | 14.6% | |
| Max Drawdown | -14.1% | -58.8% | |
| Fund Family | Calamos Investments | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jan 16, 2024 | Nov 10, 2006 |
CCEF vs VYM Performance
Calamos CEF Income & Arbitrage ETF (CCEF) is a ETF from Calamos Investments and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CCEF returned +14.05% while VYM returned +23.95%. Year to date, CCEF is up 9.37% versus a gain of 15.84% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CCEF charges 3.19% per year while VYM charges 0.04%. On a $10,000 position that is $319 vs $4 annually, a gap of $315 per year that compounds over a long holding period. On income, CCEF currently yields 8.03% against 2.24% for VYM.
Holdings Overlap
CCEF and VYM share 0 holdings out of 659 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, CCEF or VYM?
CCEF has an expense ratio of 3.19% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $315 per year of difference.
Which performed better, CCEF or VYM?
Over the past year CCEF returned +14.05% vs +23.95% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), CCEF annualized +15.59% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, CCEF or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 9.5% for CCEF. Worst drawdown: CCEF -14.1% vs VYM -58.8%.
Should I hold both CCEF and VYM?
CCEF and VYM have a monthly-return correlation of 0.87, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CCEF and VYM?
CCEF and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 659 unique securities.
Which pays a higher dividend, CCEF or VYM?
CCEF yields 8.03% while VYM yields 2.24%, so CCEF currently pays the higher dividend yield.
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