CPNJ vs VTI
Calamos Nasdaq-100 Structured Alt Protection ETF - June vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | CPNJ | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.03% | |
| AUM | $42M | $666.9B | |
| Dividend Yield | 0.00% | 1.07% | |
| Holdings | 5 | 3,543 | |
| YTD Return | +2.34% | +13.14% | |
| 1Y Return | +4.86% | +22.35% | |
| 3Y Return (annualized) | - | +21.83% | |
| 5Y Return (annualized) | - | +12.01% | |
| Volatility (annualized) | 3.5% | 15.3% | |
| Max Drawdown | -6.0% | -56.6% | |
| Fund Family | Calamos Investments | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 3, 2024 | May 24, 2001 |
CPNJ vs VTI Performance
Calamos Nasdaq-100 Structured Alt Protection ETF - June (CPNJ) is a ETF from Calamos Investments and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year CPNJ returned +4.86% while VTI returned +22.35%. Year to date, CPNJ is up 2.34% versus a gain of 13.14% for VTI.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -56.6% for VTI. 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 VTI 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 1.07% for VTI.
Frequently Asked Questions
Which is cheaper, CPNJ or VTI?
CPNJ has an expense ratio of 0.69% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
Which performed better, CPNJ or VTI?
Over the past year CPNJ returned +4.86% vs +22.35% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (2 years), CPNJ annualized +7.32% vs +8.09% for VTI. Past performance does not guarantee future results.
Which is riskier, CPNJ or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 3.5% for CPNJ. Worst drawdown: CPNJ -6.0% vs VTI -56.6%.
Should I hold both CPNJ and VTI?
CPNJ and VTI 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 VTI?
CPNJ yields 0.00% while VTI yields 1.07%, so VTI currently pays the higher dividend yield.
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