CPSF vs VOO
Calamos S&P 500 Structured Alt Protection ETF - February vs Vanguard S&P 500 ETF
Which is better, CPSF or VOO?
Option Writing against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CPSF | VOO |
|---|---|---|
| Expense Ratio | 0.69% | 0.03%Best |
| AUM | $35M | $997.4B |
| Dividend Yield | 0.00% | 1.04% |
| Holdings | 5 | 509 |
| YTD Return | +3.74% | +12.25%Best |
| 1Y Return | +5.85% | +17.03%Best |
| 3Y Return (annualized) | - | +21.25% |
| 5Y Return (annualized) | - | +13.08% |
| Volatility (annualized) | 2.2%Best | 13.2% |
| Max Drawdown | -2.9%Best | -18.7% |
| $10,000 over 1.6 years | $11,007 | $12,951Best |
| Fund Family | Calamos Investments | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Option Writing | Large Cap Blend |
| Inception | Feb 3, 2025 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Feb 3, 2025 to Sep 17, 2026 (1.6 years).
CPSF vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.6 years both funds cover.
CPSF vs VOO Performance
Calamos S&P 500 Structured Alt Protection ETF - February (CPSF) is an ETF from Calamos Investments and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year CPSF returned +5.85% while VOO returned +17.03%. Year to date, CPSF is up 3.74% versus a gain of 12.25% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 13.2% compared with 2.2% for CPSF. 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 -2.9% for CPSF and -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CPSF 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, CPSF currently yields 0.00% against 1.04% for VOO.
You are not choosing between two funds in isolation.
Whichever of CPSF and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CPSF or VOO?
CPSF has an expense ratio of 0.69% while VOO charges 0.03%. VOO is the cheaper option, by $66 a year on a $10,000 investment.
Which performed better, CPSF or VOO?
Over the past year CPSF returned +5.85% vs +17.03% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), CPSF annualized +6.18% vs +17.54% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CPSF or VOO?
VOO has been the more volatile fund at 13.2% annualized versus 2.2% for CPSF. Worst drawdown: CPSF -2.9% vs VOO -18.7%.
Should I hold both CPSF and VOO?
CPSF and VOO have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CPSF or VOO?
CPSF yields 0.00% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than CPSF?
VOO has a lower expense ratio. VOO led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.