CPNJ vs VOO
Calamos Nasdaq-100 Structured Alt Protection ETF - June vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | CPNJ | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.03% | |
| AUM | $42M | $997.4B | |
| Dividend Yield | 0.00% | 1.08% | |
| Holdings | 5 | 509 | |
| YTD Return | +2.34% | +12.68% | |
| 1Y Return | +4.86% | +21.87% | |
| 3Y Return (annualized) | - | +22.06% | |
| 5Y Return (annualized) | - | +12.95% | |
| Volatility (annualized) | 3.5% | 14.1% | |
| Max Drawdown | -6.0% | -34.3% | |
| Fund Family | Calamos Investments | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 3, 2024 | Sep 7, 2010 |
CPNJ vs VOO Performance
Calamos Nasdaq-100 Structured Alt Protection ETF - June (CPNJ) is a ETF from Calamos Investments and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CPNJ returned +4.86% while VOO returned +21.87%. Year to date, CPNJ is up 2.34% versus a gain of 12.68% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 3.5% for CPNJ. 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 -6.0% for CPNJ 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CPNJ charges 0.69% per year while VOO charges 0.03%. On a $10,000 position that is $69 vs $3 annually, a gap of $66 per year that compounds over a long holding period. On income, CPNJ currently yields 0.00% against 1.08% for VOO.
Frequently Asked Questions
Which is cheaper, CPNJ or VOO?
CPNJ has an expense ratio of 0.69% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
Which performed better, CPNJ or VOO?
Over the past year CPNJ returned +4.86% vs +21.87% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), CPNJ annualized +7.32% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, CPNJ or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 3.5% for CPNJ. Worst drawdown: CPNJ -6.0% vs VOO -34.3%.
Should I hold both CPNJ and VOO?
CPNJ and VOO have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, CPNJ or VOO?
CPNJ yields 0.00% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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