CPRY vs VYM
Calamos Russell 2000 Structured Alt Protection ETF - January 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 | CPRY | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.04% | |
| AUM | $37M | $79.0B | |
| Dividend Yield | 0.00% | 2.86% | |
| Holdings | 5 | 568 | |
| YTD Return | +4.23% | +16.10% | |
| 1Y Return | +11.83% | +25.99% | |
| 3Y Return (annualized) | - | +18.29% | |
| 5Y Return (annualized) | - | +12.35% | |
| Volatility (annualized) | 3.0% | 14.6% | |
| Max Drawdown | -3.2% | -58.8% | |
| Fund Family | Calamos Investments | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jan 2, 2025 | Nov 10, 2006 |
CPRY vs VYM Performance
Calamos Russell 2000 Structured Alt Protection ETF - January (CPRY) is a ETF from Calamos Investments and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CPRY returned +11.83% while VYM returned +25.99%. Year to date, CPRY is up 4.23% versus a gain of 16.10% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 3.0% for CPRY. 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 -3.2% for CPRY 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 0.59. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CPRY 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, CPRY currently yields 0.00% against 2.86% for VYM.
Frequently Asked Questions
Which is cheaper, CPRY or VYM?
CPRY 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, CPRY or VYM?
Over the past year CPRY returned +11.83% vs +25.99% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), CPRY annualized +8.17% vs +7.08% for VYM. Past performance does not guarantee future results.
Which is riskier, CPRY or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 3.0% for CPRY. Worst drawdown: CPRY -3.2% vs VYM -58.8%.
Should I hold both CPRY and VYM?
CPRY and VYM have a monthly-return correlation of 0.59, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, CPRY or VYM?
CPRY yields 0.00% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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