CDEI vs VOO
Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. CDEI delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | CDEI | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.14% | 0.03% | |
| AUM | $19M | $997.4B | |
| Dividend Yield | 0.98% | 1.08% | |
| Holdings | 234 | 509 | |
| YTD Return | +14.27% | +12.63% | |
| 1Y Return | +23.86% | +20.89% | |
| 3Y Return (annualized) | +19.42% | +21.06% | |
| 5Y Return (annualized) | - | +12.62% | |
| Volatility (annualized) | 12.3% | 14.1% | |
| Max Drawdown | -19.5% | -34.3% | |
| Fund Family | Calvert | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jan 30, 2023 | Sep 7, 2010 |
CDEI vs VOO Performance
Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF (CDEI) is a ETF from Calvert and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CDEI returned +23.86% while VOO returned +20.89%. Year to date, CDEI is up 14.27% versus a gain of 12.63% for VOO.
Over three years, CDEI compounded at +19.42% per year against +21.06% for VOO. Across the full 4-year window we track, CDEI has the edge at +19.65% annualized vs +13.44%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 12.3% for CDEI. 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 -19.5% for CDEI and -34.3% for VOO. 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 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CDEI charges 0.14% per year while VOO charges 0.03%. On a $10,000 position that is $14 vs $3 annually, a gap of $11 per year that compounds over a long holding period. On income, CDEI currently yields 0.98% against 1.08% for VOO.
Holdings Overlap
CDEI and VOO share 168 holdings out of 570 unique holdings combined, representing a 49.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CDEI or VOO?
CDEI has an expense ratio of 0.14% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, CDEI or VOO?
Over the past year CDEI returned +23.86% vs +20.89% for VOO, so CDEI leads on 1-year performance. Over the longest common window we track (4 years), CDEI annualized +19.65% vs +13.44% for VOO. Past performance does not guarantee future results.
Which is riskier, CDEI or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 12.3% for CDEI. Worst drawdown: CDEI -19.5% vs VOO -34.3%.
Should I hold both CDEI and VOO?
CDEI and VOO have a monthly-return correlation of 0.97, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between CDEI and VOO?
CDEI and VOO share 168 common holdings with a 49.1% weight overlap. Combined, they hold 570 unique securities.
Which pays a higher dividend, CDEI or VOO?
CDEI yields 0.98% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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