CANQ vs VYM
CANQ vs VYM
Calamos Nasdaq Equity & Income 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 | CANQ | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.94% | 0.04% | |
| AUM | $21M | $79.0B | |
| Dividend Yield | 4.65% | 2.86% | |
| Holdings | 30 | 568 | |
| YTD Return | +5.98% | +15.57% | |
| 1Y Return | +10.28% | +25.99% | |
| 3Y Return (annualized) | - | +18.02% | |
| 5Y Return (annualized) | - | +12.71% | |
| Volatility (annualized) | 11.3% | 14.6% | |
| Max Drawdown | -12.8% | -58.8% | |
| Fund Family | Calamos Investments | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Feb 13, 2024 | Nov 10, 2006 |
CANQ vs VYM Performance
Calamos Nasdaq Equity & Income ETF (CANQ) is a ETF from Calamos Investments and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CANQ returned +10.28% while VYM returned +25.99%. Year to date, CANQ is up 5.98% versus a gain of 15.57% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CANQ charges 0.94% per year while VYM charges 0.04%. On a $10,000 position that is $94 vs $4 annually, a gap of $90 per year that compounds over a long holding period. On income, CANQ currently yields 4.65% against 2.86% for VYM.
Holdings Overlap
CANQ and VYM share 3 holdings out of 578 unique holdings combined, representing a 1.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CANQ or VYM?
CANQ has an expense ratio of 0.94% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $90 per year of difference.
Which performed better, CANQ or VYM?
Over the past year CANQ returned +10.28% vs +25.99% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), CANQ annualized +16.20% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, CANQ or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 11.3% for CANQ. Worst drawdown: CANQ -12.8% vs VYM -58.8%.
Should I hold both CANQ and VYM?
CANQ and VYM have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CANQ and VYM?
CANQ and VYM share 3 common holdings with a 1.2% weight overlap. Combined, they hold 578 unique securities.
Which pays a higher dividend, CANQ or VYM?
CANQ yields 4.65% while VYM yields 2.86%, so CANQ currently pays the higher dividend yield.
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