CPRJ vs VYM
Calamos Russell 2000 Structured Alt Protection ETF - July vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | CPRJ | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.04% | |
| AUM | $37M | $79.0B | |
| Dividend Yield | 0.00% | 2.86% | |
| Holdings | 5 | 568 | |
| YTD Return | +3.65% | +15.80% | |
| 1Y Return | +7.33% | +26.12% | |
| 3Y Return (annualized) | - | +18.25% | |
| 5Y Return (annualized) | - | +12.51% | |
| Volatility (annualized) | 4.2% | 14.6% | |
| Max Drawdown | -6.3% | -58.8% | |
| Fund Family | Calamos Investments | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 1, 2024 | Nov 10, 2006 |
CPRJ vs VYM Performance
Calamos Russell 2000 Structured Alt Protection ETF - July (CPRJ) is a ETF from Calamos Investments and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CPRJ returned +7.33% while VYM returned +26.12%. Year to date, CPRJ is up 3.65% versus a gain of 15.80% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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
CPRJ charges 0.69% per year while VYM charges 0.04%. On a $10,000 position that is $69 vs $4 annually, a gap of $65 per year that compounds over a long holding period. On income, CPRJ currently yields 0.00% against 2.86% for VYM.
Frequently Asked Questions
Which is cheaper, CPRJ or VYM?
CPRJ has an expense ratio of 0.69% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $65 per year of difference.
Which performed better, CPRJ or VYM?
Over the past year CPRJ returned +7.33% vs +26.12% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), CPRJ annualized +6.54% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, CPRJ or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 4.2% for CPRJ. Worst drawdown: CPRJ -6.3% vs VYM -58.8%.
Should I hold both CPRJ and VYM?
CPRJ and VYM 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, CPRJ or VYM?
CPRJ yields 0.00% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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