CPSL vs VYM
Calamos Laddered S&P 500 Structured Alt Protection ETF 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 | CPSL | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.04% | |
| AUM | $124M | $79.0B | |
| Dividend Yield | 0.00% | 2.86% | |
| Holdings | 14 | 568 | |
| YTD Return | +3.53% | +16.16% | |
| 1Y Return | +6.27% | +26.05% | |
| 3Y Return (annualized) | - | +18.43% | |
| 5Y Return (annualized) | - | +12.21% | |
| Volatility (annualized) | 2.4% | 14.6% | |
| Max Drawdown | -3.7% | -58.8% | |
| Fund Family | Calamos Investments | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 9, 2024 | Nov 10, 2006 |
CPSL vs VYM Performance
Calamos Laddered S&P 500 Structured Alt Protection ETF (CPSL) is a ETF from Calamos Investments and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CPSL returned +6.27% while VYM returned +26.05%. Year to date, CPSL is up 3.53% versus a gain of 16.16% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 2.4% for CPSL. 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 -3.7% for CPSL 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CPSL charges 0.79% per year while VYM charges 0.04%. On a $10,000 position that is $79 vs $4 annually, a gap of $75 per year that compounds over a long holding period. On income, CPSL currently yields 0.00% against 2.86% for VYM.
Holdings Overlap
CPSL and VYM share 0 holdings out of 570 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, CPSL or VYM?
CPSL has an expense ratio of 0.79% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $75 per year of difference.
Which performed better, CPSL or VYM?
Over the past year CPSL returned +6.27% vs +26.05% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), CPSL annualized +6.56% vs +7.09% for VYM. Past performance does not guarantee future results.
Which is riskier, CPSL or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 2.4% for CPSL. Worst drawdown: CPSL -3.7% vs VYM -58.8%.
Should I hold both CPSL and VYM?
CPSL and VYM have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CPSL and VYM?
CPSL and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 570 unique securities.
Which pays a higher dividend, CPSL or VYM?
CPSL yields 0.00% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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