CVLC vs VOO
Calvert US Large-Cap Core Responsible Index ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. CVLC delivered stronger 1-year returns. CVLC offers more diversification with 784 holdings.
Side-by-Side Comparison
| Metric | CVLC | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.03% | |
| AUM | $888M | $997.4B | |
| Dividend Yield | 0.93% | 1.08% | |
| Holdings | 784 | 509 | |
| YTD Return | +14.55% | +13.20% | |
| 1Y Return | +23.43% | +21.62% | |
| 3Y Return (annualized) | +22.20% | +22.16% | |
| 5Y Return (annualized) | - | +13.42% | |
| Volatility (annualized) | 13.4% | 14.1% | |
| Max Drawdown | -19.9% | -34.3% | |
| Fund Family | Calvert | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jan 30, 2023 | Sep 7, 2010 |
CVLC vs VOO Performance
Calvert US Large-Cap Core Responsible Index ETF (CVLC) is a ETF from Calvert and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CVLC returned +23.43% while VOO returned +21.62%. Year to date, CVLC is up 14.55% versus a gain of 13.20% for VOO.
Over three years, CVLC compounded at +22.20% per year against +22.16% for VOO. Across the full 4-year window we track, CVLC has the edge at +20.62% annualized vs +13.51%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 13.4% for CVLC. 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 -19.9% for CVLC 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 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CVLC charges 0.15% per year while VOO charges 0.03%. On a $10,000 position that is $15 vs $3 annually, a gap of $12 per year that compounds over a long holding period. On income, CVLC currently yields 0.93% against 1.08% for VOO.
Holdings Overlap
CVLC and VOO share 393 holdings out of 869 unique holdings combined, representing a 77.6% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, CVLC or VOO?
CVLC has an expense ratio of 0.15% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, CVLC or VOO?
Over the past year CVLC returned +23.43% vs +21.62% for VOO, so CVLC leads on 1-year performance. Over the longest common window we track (4 years), CVLC annualized +20.62% vs +13.51% for VOO. Past performance does not guarantee future results.
Which is riskier, CVLC or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 13.4% for CVLC. Worst drawdown: CVLC -19.9% vs VOO -34.3%.
Should I hold both CVLC and VOO?
CVLC and VOO have a monthly-return correlation of 0.99, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between CVLC and VOO?
CVLC and VOO share 393 common holdings with a 77.6% weight overlap. Combined, they hold 869 unique securities.
Which pays a higher dividend, CVLC or VOO?
CVLC yields 0.93% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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