CPNQ vs VOO
Calamos Nasdaq-100 Structured Alt Protection ETF - December 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 | CPNQ | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.03% | |
| AUM | $22M | $997.4B | |
| Dividend Yield | 0.00% | 1.08% | |
| Holdings | 5 | 509 | |
| YTD Return | +4.14% | +14.27% | |
| 1Y Return | +6.80% | +21.79% | |
| 3Y Return (annualized) | - | +22.19% | |
| 5Y Return (annualized) | - | +13.28% | |
| Volatility (annualized) | 2.8% | 14.2% | |
| Max Drawdown | -3.5% | -34.3% | |
| Fund Family | Calamos Investments | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Dec 2, 2024 | Sep 7, 2010 |
CPNQ vs VOO Performance
Calamos Nasdaq-100 Structured Alt Protection ETF - December (CPNQ) is a ETF from Calamos Investments and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CPNQ returned +6.80% while VOO returned +21.79%. Year to date, CPNQ is up 4.14% versus a gain of 14.27% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 2.8% for CPNQ. 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 -3.5% for CPNQ 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CPNQ 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, CPNQ currently yields 0.00% against 1.08% for VOO.
Frequently Asked Questions
Which is cheaper, CPNQ or VOO?
CPNQ 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, CPNQ or VOO?
Over the past year CPNQ returned +6.80% vs +21.79% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), CPNQ annualized +7.14% vs +13.59% for VOO. Past performance does not guarantee future results.
Which is riskier, CPNQ or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 2.8% for CPNQ. Worst drawdown: CPNQ -3.5% vs VOO -34.3%.
Should I hold both CPNQ and VOO?
CPNQ and VOO have a monthly-return correlation of 0.91, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
Which pays a higher dividend, CPNQ or VOO?
CPNQ yields 0.00% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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