CHW vs VOO
Calamos Global Dynamic Income Fund vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. CHW delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CHW | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 2.27% | 0.03% | |
| AUM | $861M | $979.0B | |
| Dividend Yield | 5.92% | 1.09% | |
| Holdings | 775 | 509 | |
| YTD Return | +20.77% | +13.79% | |
| 1Y Return | +30.27% | +23.01% | |
| 3Y Return (annualized) | +22.88% | +21.78% | |
| 5Y Return (annualized) | +4.61% | +13.39% | |
| Volatility (annualized) | 23.1% | 14.1% | |
| Max Drawdown | -73.0% | -34.3% | |
| Fund Family | Calamos Investments | Vanguard (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Jun 27, 2007 | Sep 7, 2010 |
CHW vs VOO Performance
Calamos Global Dynamic Income Fund (CHW) is a ETF from Calamos Investments and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CHW returned +30.27% while VOO returned +23.01%. Year to date, CHW is up 20.77% versus a gain of 13.79% for VOO.
Over three years, CHW compounded at +22.88% per year against +21.78% for VOO; over five years the annualized figures are +4.61% and +13.39% respectively. Across the full 16-year window we track, VOO has the edge at +13.57% annualized vs -0.24%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CHW has been the more volatile fund, with annualized monthly volatility of 23.1% 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 -73.0% for CHW 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 0.87. 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 5.92% against 1.09% for VOO.
Holdings Overlap
CHW and VOO share 65 holdings out of 939 unique holdings combined, representing a 18.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $224 per year of difference.
Which performed better, CHW or VOO?
Over the past year CHW returned +30.27% vs +23.01% for VOO, so CHW leads on 1-year performance. Over the longest common window we track (16 years), CHW annualized -0.24% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, CHW or VOO?
CHW has been the more volatile fund at 23.1% annualized versus 14.1% for VOO. Worst drawdown: CHW -73.0% vs VOO -34.3%.
Should I hold both CHW and VOO?
CHW and VOO 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 CHW and VOO?
CHW and VOO share 65 common holdings with a 18.4% weight overlap. Combined, they hold 939 unique securities.
Which pays a higher dividend, CHW or VOO?
CHW yields 5.92% while VOO yields 1.09%, so CHW currently pays the higher dividend yield.
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