CPRJ vs IVV
Calamos Russell 2000 Structured Alt Protection ETF - July vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | CPRJ | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.03% | |
| AUM | $40M | $907.0B | |
| Dividend Yield | 0.00% | 1.10% | |
| Holdings | 5 | 508 | |
| YTD Return | +3.63% | +13.22% | |
| 1Y Return | +6.74% | +21.62% | |
| 3Y Return (annualized) | - | +22.17% | |
| 5Y Return (annualized) | - | +13.42% | |
| Volatility (annualized) | 4.2% | 15.1% | |
| Max Drawdown | -6.3% | -56.5% | |
| Fund Family | Calamos Investments | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 1, 2024 | May 15, 2000 |
CPRJ vs IVV Performance
Calamos Russell 2000 Structured Alt Protection ETF - July (CPRJ) is a ETF from Calamos Investments and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CPRJ returned +6.74% while IVV returned +21.62%. Year to date, CPRJ is up 3.63% versus a gain of 13.22% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 4.2% for CPRJ. 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 -6.3% for CPRJ and -56.5% for IVV. 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CPRJ charges 0.69% per year while IVV 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, CPRJ currently yields 0.00% against 1.10% for IVV.
Frequently Asked Questions
Which is cheaper, CPRJ or IVV?
CPRJ has an expense ratio of 0.69% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
Which performed better, CPRJ or IVV?
Over the past year CPRJ returned +6.74% vs +21.62% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), CPRJ annualized +6.43% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, CPRJ or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 4.2% for CPRJ. Worst drawdown: CPRJ -6.3% vs IVV -56.5%.
Should I hold both CPRJ and IVV?
CPRJ and IVV have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, CPRJ or IVV?
CPRJ yields 0.00% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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