CPNS vs VTI
Calamos Nasdaq-100 Structured Alt Protection ETF - September 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 | CPNS | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.03% | |
| AUM | $21M | $666.9B | |
| Dividend Yield | 0.00% | 1.07% | |
| Holdings | 5 | 3,543 | |
| YTD Return | +4.11% | +12.65% | |
| 1Y Return | +6.51% | +21.39% | |
| 3Y Return (annualized) | - | +21.54% | |
| 5Y Return (annualized) | - | +12.11% | |
| Volatility (annualized) | 2.9% | 15.3% | |
| Max Drawdown | -4.0% | -56.6% | |
| Fund Family | Calamos Investments | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Sep 3, 2024 | May 24, 2001 |
CPNS vs VTI Performance
Calamos Nasdaq-100 Structured Alt Protection ETF - September (CPNS) is a ETF from Calamos Investments and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year CPNS returned +6.51% while VTI returned +21.39%. Year to date, CPNS is up 4.11% versus a gain of 12.65% for VTI.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 2.9% for CPNS. 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 -4.0% for CPNS 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CPNS 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, CPNS currently yields 0.00% against 1.07% for VTI.
Holdings Overlap
CPNS and VTI share 0 holdings out of 2788 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CPNS or VTI?
CPNS 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, CPNS or VTI?
Over the past year CPNS returned +6.51% vs +21.39% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (2 years), CPNS annualized +7.33% vs +8.07% for VTI. Past performance does not guarantee future results.
Which is riskier, CPNS or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 2.9% for CPNS. Worst drawdown: CPNS -4.0% vs VTI -56.6%.
Should I hold both CPNS and VTI?
CPNS and VTI have a monthly-return correlation of 0.90, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between CPNS and VTI?
CPNS and VTI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2788 unique securities.
Which pays a higher dividend, CPNS or VTI?
CPNS yields 0.00% while VTI yields 1.07%, so VTI currently pays the higher dividend yield.
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