CPZ vs VTI
Calamos Long/Short Equity & Dynamic Income Trust vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | CPZ | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 1.85% | 0.03% | |
| AUM | $428M | $666.9B | |
| Dividend Yield | 11.00% | 1.07% | |
| Holdings | 693 | 3,543 | |
| YTD Return | -2.62% | +13.14% | |
| 1Y Return | -8.94% | +22.35% | |
| 3Y Return (annualized) | +7.21% | +21.83% | |
| 5Y Return (annualized) | +2.83% | +12.01% | |
| Volatility (annualized) | 18.8% | 15.3% | |
| Max Drawdown | -52.2% | -56.6% | |
| Fund Family | Calamos Investments | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 29, 2019 | May 24, 2001 |
CPZ vs VTI Performance
Calamos Long/Short Equity & Dynamic Income Trust (CPZ) is a ETF from Calamos Investments and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year CPZ returned -8.94% while VTI returned +22.35%. Year to date, CPZ is down 2.62% versus a gain of 13.14% for VTI.
Over three years, CPZ compounded at +7.21% per year against +21.83% for VTI; over five years the annualized figures are +2.83% and +12.01% respectively. Across the full 7-year window we track, VTI has the edge at +8.09% annualized vs +2.78%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CPZ has been the more volatile fund, with annualized monthly volatility of 18.8% compared with 15.3% for VTI. 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 -52.2% for CPZ and -56.6% for VTI. 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CPZ charges 1.85% per year while VTI charges 0.03%. On a $10,000 position that is $185 vs $3 annually, a gap of $182 per year that compounds over a long holding period. On income, CPZ currently yields 11.00% against 1.07% for VTI.
Holdings Overlap
CPZ and VTI share 184 holdings out of 2999 unique holdings combined, representing a 21.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CPZ or VTI?
CPZ has an expense ratio of 1.85% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $182 per year of difference.
Which performed better, CPZ or VTI?
Over the past year CPZ returned -8.94% vs +22.35% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (7 years), CPZ annualized +2.78% vs +8.09% for VTI. Past performance does not guarantee future results.
Which is riskier, CPZ or VTI?
CPZ has been the more volatile fund at 18.8% annualized versus 15.3% for VTI. Worst drawdown: CPZ -52.2% vs VTI -56.6%.
Should I hold both CPZ and VTI?
CPZ and VTI have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CPZ and VTI?
CPZ and VTI share 184 common holdings with a 21.0% weight overlap. Combined, they hold 2999 unique securities.
Which pays a higher dividend, CPZ or VTI?
CPZ yields 11.00% while VTI yields 1.07%, so CPZ currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.