CVIE vs VOO
Calvert International Responsible Index ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. CVIE delivered stronger 1-year returns. CVIE offers more diversification with 755 holdings.
Side-by-Side Comparison
| Metric | CVIE | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.03% | |
| AUM | $477M | $997.4B | |
| Dividend Yield | 2.42% | 1.08% | |
| Holdings | 755 | 509 | |
| YTD Return | +20.42% | +14.27% | |
| 1Y Return | +33.20% | +21.79% | |
| 3Y Return (annualized) | +22.97% | +22.19% | |
| 5Y Return (annualized) | - | +13.28% | |
| Volatility (annualized) | 13.8% | 14.2% | |
| Max Drawdown | -13.5% | -34.3% | |
| Fund Family | Calvert | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jan 30, 2023 | Sep 7, 2010 |
CVIE vs VOO Performance
Calvert International Responsible Index ETF (CVIE) is a ETF from Calvert and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CVIE returned +33.20% while VOO returned +21.79%. Year to date, CVIE is up 20.42% versus a gain of 14.27% for VOO.
Over three years, CVIE compounded at +22.97% per year against +22.19% for VOO. Across the full 4-year window we track, CVIE has the edge at +19.19% annualized vs +13.59%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 13.8% for CVIE. 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 -13.5% for CVIE and -34.3% for VOO. 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CVIE charges 0.18% per year while VOO charges 0.03%. On a $10,000 position that is $18 vs $3 annually, a gap of $15 per year that compounds over a long holding period. On income, CVIE currently yields 2.42% against 1.08% for VOO.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, CVIE or VOO?
CVIE has an expense ratio of 0.18% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, CVIE or VOO?
Over the past year CVIE returned +33.20% vs +21.79% for VOO, so CVIE leads on 1-year performance. Over the longest common window we track (4 years), CVIE annualized +19.19% vs +13.59% for VOO. Past performance does not guarantee future results.
Which is riskier, CVIE or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 13.8% for CVIE. Worst drawdown: CVIE -13.5% vs VOO -34.3%.
Should I hold both CVIE and VOO?
CVIE and VOO have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CVIE and VOO?
CVIE and VOO share 2 common holdings with a 0.2% weight overlap. Combined, they hold 1220 unique securities.
Which pays a higher dividend, CVIE or VOO?
CVIE yields 2.42% while VOO yields 1.08%, so CVIE currently pays the higher dividend yield.
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