CANQ vs IVV
CANQ vs IVV
Calamos Nasdaq Equity & Income ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CANQ | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.94% | 0.03% | |
| AUM | $21M | $865.2B | |
| Dividend Yield | 4.65% | 1.09% | |
| Holdings | 30 | 508 | |
| YTD Return | +5.98% | +13.52% | |
| 1Y Return | +10.28% | +23.63% | |
| 3Y Return (annualized) | - | +21.26% | |
| 5Y Return (annualized) | - | +13.52% | |
| Volatility (annualized) | 11.3% | 15.1% | |
| Max Drawdown | -12.8% | -56.5% | |
| Fund Family | Calamos Investments | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Feb 13, 2024 | May 15, 2000 |
CANQ vs IVV Performance
Calamos Nasdaq Equity & Income ETF (CANQ) is a ETF from Calamos Investments and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CANQ returned +10.28% while IVV returned +23.63%. Year to date, CANQ is up 5.98% versus a gain of 13.52% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 11.3% for CANQ. 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 -12.8% for CANQ and -56.5% for IVV. 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CANQ charges 0.94% per year while IVV charges 0.03%. On a $10,000 position that is $94 vs $3 annually, a gap of $91 per year that compounds over a long holding period. On income, CANQ currently yields 4.65% against 1.09% for IVV.
Holdings Overlap
CANQ and IVV share 13 holdings out of 515 unique holdings combined, representing a 6.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CANQ | Weight in IVV | Difference |
|---|---|---|---|
| NVDA | 0.43% | 7.76% | 7.33% |
| AMZN | 0.71% | 3.75% | 3.04% |
| GOOG | 1.12% | 2.53% | 1.41% |
| AMD | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
| COST | Pro | Pro | Pro |
| WMT | Pro | Pro | Pro |
See all 10 holdings CANQ shares with IVV Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, CANQ or IVV?
CANQ has an expense ratio of 0.94% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $91 per year of difference.
Which performed better, CANQ or IVV?
Over the past year CANQ returned +10.28% vs +23.63% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), CANQ annualized +16.20% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, CANQ or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 11.3% for CANQ. Worst drawdown: CANQ -12.8% vs IVV -56.5%.
Should I hold both CANQ and IVV?
CANQ and IVV have a monthly-return correlation of 0.90, 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 CANQ and IVV?
CANQ and IVV share 13 common holdings with a 6.0% weight overlap. Combined, they hold 515 unique securities.
Which pays a higher dividend, CANQ or IVV?
CANQ yields 4.65% while IVV yields 1.09%, so CANQ currently pays the higher dividend yield.
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