CHW vs VOO
Calamos Global Dynamic Income Fund vs Vanguard S&P 500 ETF
Which is better, CHW or VOO?
Allocation/Balanced against Large Cap Blend.
VOO has a lower expense ratio. CHW led over 1Y and 3Y, VOO over 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 | CHW | VOO |
|---|---|---|
| Expense Ratio | 2.27% | 0.03%Best |
| AUM | $868M | $997.4B |
| Dividend Yield | 2.68% | 1.04% |
| Holdings | 775 | 509 |
| YTD Return | +13.46%Best | +11.01% |
| 1Y Return | +16.38%Best | +15.60% |
| 3Y Return (annualized) | +21.87%Best | +20.82% |
| 5Y Return (annualized) | +4.37% | +12.60%Best |
| Volatility (annualized) | 20.5% | 14.1%Best |
| Max Drawdown | -58.2% | -34.3%Best |
| $10,000 over 5 years | $12,384 | $18,101Best |
| Fund Family | Calamos Investments | Vanguard (US) |
| Category | Allocation/Balanced | Equity |
| Style | Allocation/Balanced | Large Cap Blend |
| Inception | Jun 27, 2007 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 16, 2026 (16 years).
CHW 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 16 years both funds cover.
CHW vs VOO Performance
Calamos Global Dynamic Income Fund (CHW) is an ETF from Calamos Investments and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year CHW returned +16.38% while VOO returned +15.60%. Year to date, CHW is up 13.46% versus a gain of 11.01% for VOO.
Over three years, CHW compounded at +21.87% per year against +20.82% for VOO; over five years the annualized figures are +4.37% and +12.60% respectively. Across the full 16-year window we track, VOO has the edge at +13.30% annualized vs +3.56%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CHW has been the more volatile fund, with annualized monthly volatility of 20.5% compared with 14.1% for VOO. 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 -58.2% for CHW and -34.3% 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CHW charges 2.27% per year while VOO charges 0.03%. On a $10,000 position that is $227 vs $3 annually, a gap of $224 per year that compounds over a long holding period. On income, CHW currently yields 2.68% against 1.04% for VOO.
Holdings Overlap
At least 38.9% of VOO's money is in holdings CHW also owns.
Stated as a floor: for CHW, our book for it covers 88.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
The two holdings books were reported 181 days apart, CHW as of Jan 31, 2026 and VOO as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
64 positions in common, counted across the 499 positions we hold weights for in CHW and 494 in VOO, against full books of 775 and 509.
Top Shared Holdings
| Stock | Weight in CHW | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 3.26% | 7.55% | 4.29% |
| MSFTMicrosoft Corp | 0.95% | 5.36% | 4.41% |
| GOOGLAlphabet Inc,class A | 2.64% | 3.24% | 0.60% |
| AMZNAmazon.Com Inc | 1.17% | 4.13% | 2.96% |
| AVGOBroadcom Inc | 0.73% | 2.86% | 2.13% |
| BABoeing Co | 2.24% | 0.26% | 1.98% |
| METAMeta Platforms Inc | 0.50% | 1.90% | 1.40% |
| TSLATesla Inc | 0.97% | 1.36% | 0.39% |
| LLYEli Lilly & Co. | 0.79% | 1.41% | 0.62% |
| JPMJpmorgan Chase | 0.57% | 1.46% | 0.89% |
38.9% of VOO is already inside CHW.
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, CHW or VOO?
CHW has an expense ratio of 2.27% while VOO charges 0.03%. VOO is the cheaper option, by $224 a year on a $10,000 investment.
Which performed better, CHW or VOO?
Over the past year CHW returned +16.38% vs +15.60% for VOO, so CHW leads on 1-year performance. Over the longest common window we track (16 years), CHW annualized +3.56% vs +13.30% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CHW or VOO?
CHW has been the more volatile fund at 20.5% annualized versus 14.1% for VOO. Worst drawdown: CHW -58.2% vs VOO -34.3%.
Should I hold both CHW and VOO?
CHW and VOO have a monthly-return correlation of 0.87, 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 CHW and VOO?
At least 38.9% of VOO's money is in holdings CHW also owns. Our book for CHW is partial, so the real figure is this or higher. They hold 64 positions in common, counted across the 499 positions we hold weights for in CHW and 494 in VOO.
Which pays a higher dividend, CHW or VOO?
CHW yields 2.68% while VOO yields 1.04%, so CHW currently pays the higher dividend yield.
Is VOO better than CHW?
VOO has a lower expense ratio. CHW led over 1Y and 3Y, VOO over 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.