CDEI vs VOO
Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF vs Vanguard S&P 500 ETF
Which is better, CDEI or VOO?
Nearly the same fund. VOO costs less.
VOO has a lower expense ratio. CDEI led over 1Y, VOO over 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 47.8%.
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 | CDEI | VOO |
|---|---|---|
| Expense Ratio | 0.14% | 0.03%Best |
| AUM | $19M | $997.4B |
| Dividend Yield | 0.95% | 1.04% |
| Holdings | 234 | 509 |
| YTD Return | +14.47%Best | +13.21% |
| 1Y Return | +20.91%Best | +17.37% |
| 3Y Return (annualized) | +21.09% | +22.66%Best |
| 5Y Return (annualized) | - | +13.14% |
| Volatility (annualized) | 12.3%Tie | 12.3%Tie |
| Max Drawdown | -19.5% | -18.7%Best |
| $10,000 over 3.6 years | $18,904 | $19,475Best |
| Top 10 Weight | 47.8% | 37.6%Best |
| Fund Family | Calvert | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 30, 2023 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 3.6 years row, are measured over the window both funds cover: Feb 1, 2023 to Sep 24, 2026 (3.6 years).
CDEI 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 3.6 years both funds cover.
CDEI vs VOO Performance
Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF (CDEI) is an ETF from Calvert and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year CDEI returned +20.91% while VOO returned +17.37%. Year to date, CDEI is up 14.47% versus a gain of 13.21% for VOO.
Over three years, CDEI compounded at +21.09% per year against +22.66% for VOO. Across the full 4-year window we track, VOO has the edge at +20.34% annualized vs +19.35%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CDEI and VOO have been equally volatile, both at 12.3% annualized.
The deepest peak-to-trough decline in our data was -19.5% for CDEI 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 0.97. 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 0.95% against 1.04% for VOO.
Holdings Overlap
96.7% of CDEI's money is in holdings VOO also owns. 50.3% of VOO's money is in holdings CDEI also owns.
Most of CDEI is already inside VOO. Owning both mostly buys the same companies twice.
165 positions in common, counted across the 231 positions we hold weights for in CDEI and 494 in VOO, against full books of 234 and 509.
What only one of them owns
Our book lists 323 positions for VOO that do not appear in our book for CDEI (49.0% of the fund), and 60 for CDEI that do not appear in VOO (3.0%).
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.
Top Shared Holdings
| Stock | Weight in CDEI | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 9.21% | 7.55% | 1.66% |
| AAPLApple, Inc | 8.56% | 7.05% | 1.51% |
| MSFTMicrosoft Corp | 7.12% | 5.36% | 1.76% |
| GOOGLAlphabet Inc,class A | 6.72% | 3.24% | 3.48% |
| JPMJpmorgan Chase | 3.60% | 1.46% | 2.14% |
| LLYEli Lilly & Co. | 3.37% | 1.41% | 1.96% |
| AMDAdvanced Micro Devices, Inc | 2.73% | 1.21% | 1.52% |
| VVisa Inc Class A | 2.58% | 0.93% | 1.65% |
| MAMastercard Inc | 1.96% | 0.72% | 1.24% |
| ABBVAbbvie Inc. | 1.90% | 0.69% | 1.21% |
96.7% of CDEI is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $11 a year on a $10,000 investment.
Which performed better, CDEI or VOO?
Over the past year CDEI returned +20.91% vs +17.37% for VOO, so CDEI leads on 1-year performance. Over the longest common window we track (4 years), CDEI annualized +19.35% vs +20.34% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CDEI or VOO?
CDEI and VOO have been equally volatile, both at 12.3% annualized. Worst drawdown: CDEI -19.5% vs VOO -18.7%.
Should I hold both CDEI and VOO?
CDEI and VOO have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between CDEI and VOO?
96.7% of CDEI's money is in holdings VOO also owns. 50.3% of VOO's is in holdings CDEI also owns. They hold 165 positions in common, counted across the 231 positions we hold weights for in CDEI and 494 in VOO.
Which pays a higher dividend, CDEI or VOO?
CDEI yields 0.95% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than CDEI?
VOO has a lower expense ratio. CDEI led over 1Y, VOO over 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 47.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.