CHW vs VYM
Calamos Global Dynamic Income Fund vs Vanguard High Dividend Yield ETF
Which is better, CHW or VYM?
Allocation/Balanced against Large Cap Value.
VYM has a lower expense ratio. CHW led over 3Y, VYM over 1Y, 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 | VYM |
|---|---|---|
| Expense Ratio | 2.27% | 0.04%Best |
| AUM | $805M | $95.8B |
| Dividend Yield | 1.71% | 2.23% |
| Holdings | 748 | 610 |
| YTD Return | +10.63% | +16.00%Best |
| 1Y Return | +11.69% | +18.97%Best |
| 3Y Return (annualized) | +22.34%Best | +20.46% |
| 5Y Return (annualized) | +3.30% | +11.54%Best |
| Volatility (annualized) | 23.0% | 14.7%Best |
| Max Drawdown | -73.0% | -58.8%Best |
| $10,000 over 5 years | $11,763 | $17,264Best |
| Fund Family | Calamos Investments | Vanguard (US) |
| Category | Allocation/Balanced | Equity |
| Style | Allocation/Balanced | Large Cap Value |
| Inception | Jun 27, 2007 | Nov 10, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jun 27, 2007 to Nov 11, 2026 (19.4 years).
CHW vs VYM 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 19.4 years both funds cover.
CHW vs VYM Performance
Calamos Global Dynamic Income Fund (CHW) is an ETF from Calamos Investments and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year CHW returned +11.69% while VYM returned +18.97%. Year to date, CHW is up 10.63% versus a gain of 16.00% for VYM.
Over three years, CHW compounded at +22.34% per year against +20.46% for VYM; over five years the annualized figures are +3.30% and +11.54% respectively. Across the full 19-year window we track, VYM has the edge at +6.84% annualized vs -0.68%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CHW has been the more volatile fund, with annualized monthly volatility of 23.0% compared with 14.7% for VYM. 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 -58.8% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CHW charges 2.27% per year while VYM charges 0.04%. On a $10,000 position that is $227 vs $4 annually, a gap of $223 per year that compounds over a long holding period. On income, CHW currently yields 1.71% against 2.23% for VYM.
Holdings Overlap
At least 18.4% of VYM's money is in holdings CHW also owns.
Stated as a floor: for CHW, our book for it covers 69.3% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
VYM and CHW share little of their money.
21 positions in common, counted across the 492 positions we hold weights for in CHW and 602 in VYM, against full books of 748 and 610.
Top Shared Holdings
| Stock | Weight in CHW | Weight in VYM | Difference |
|---|---|---|---|
| JPMJpmorgan Chase | 0.55% | 3.83% | 3.28% |
| XOMExxonmobil Holdings Corp Common Stock Usd | 0.67% | 2.70% | 2.03% |
| JNJJohnson & Johnson - Common | 0.63% | 2.58% | 1.95% |
| PMPhilip Morris International Inc. | 0.89% | 1.18% | 0.29% |
| KOCoca Cola Co. | 0.61% | 1.39% | 0.78% |
| UNHUnitedhealth Group Incorporated | 0.43% | 1.42% | 0.99% |
| LINLinde Plc Ordinary Shares | 0.24% | 0.91% | 0.67% |
| GSGoldman Sachs Group Inc/The | 0.01% | 1.12% | 1.11% |
| RPRXRoyalty Pharma | 0.92% | 0.10% | 0.82% |
| CBChubb Ltd. | 0.50% | 0.48% | 0.02% |
You are not choosing between two funds in isolation.
Whichever of CHW and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CHW or VYM?
CHW has an expense ratio of 2.27% while VYM charges 0.04%. VYM is the cheaper option, by $223 a year on a $10,000 investment.
Which performed better, CHW or VYM?
Over the past year CHW returned +11.69% vs +18.97% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (19 years), CHW annualized -0.68% vs +6.84% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CHW or VYM?
CHW has been the more volatile fund at 23.0% annualized versus 14.7% for VYM. Worst drawdown: CHW -73.0% vs VYM -58.8%.
Should I hold both CHW and VYM?
CHW and VYM have a monthly-return correlation of 0.75, 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 VYM?
At least 18.4% of VYM's money is in holdings CHW also owns. Our book for CHW is partial, so the real figure is this or higher. They hold 21 positions in common, counted across the 492 positions we hold weights for in CHW and 602 in VYM.
Which pays a higher dividend, CHW or VYM?
CHW yields 1.71% while VYM yields 2.23%, so VYM currently pays the higher dividend yield.
Is VYM better than CHW?
VYM has a lower expense ratio. CHW led over 3Y, VYM over 1Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.