CCD vs IVV
CCD vs IVV
Calamos Dynamic Convertible and Income Fund vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. CCD delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CCD | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 2.10% | 0.03% | |
| AUM | $978M | $865.2B | |
| Dividend Yield | 8.97% | 1.09% | |
| Holdings | 612 | 508 | |
| YTD Return | +28.14% | +13.52% | |
| 1Y Return | +39.14% | +23.63% | |
| 3Y Return (annualized) | +19.46% | +21.26% | |
| 5Y Return (annualized) | +6.44% | +13.52% | |
| Volatility (annualized) | 21.1% | 15.1% | |
| Max Drawdown | -60.9% | -56.5% | |
| Fund Family | Calamos Investments | iShares by BlackRock (US) | |
| Category | Convertible | Equity | |
| Inception | Mar 27, 2015 | May 15, 2000 |
CCD vs IVV Performance
Calamos Dynamic Convertible and Income Fund (CCD) 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 CCD returned +39.14% while IVV returned +23.63%. Year to date, CCD is up 28.14% versus a gain of 13.52% for IVV.
Over three years, CCD compounded at +19.46% per year against +21.26% for IVV; over five years the annualized figures are +6.44% and +13.52% respectively. Across the full 11-year window we track, IVV has the edge at +7.04% annualized vs +5.19%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CCD has been the more volatile fund, with annualized monthly volatility of 21.1% compared with 15.1% for IVV. 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 -60.9% for CCD 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CCD charges 2.10% per year while IVV charges 0.03%. On a $10,000 position that is $210 vs $3 annually, a gap of $207 per year that compounds over a long holding period. On income, CCD currently yields 8.97% against 1.09% for IVV.
Holdings Overlap
CCD and IVV share 6 holdings out of 1002 unique holdings combined, representing a 0.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CCD | Weight in IVV | Difference |
|---|---|---|---|
| NEE | 1.19% | 0.28% | 0.91% |
| ARES | 1.11% | 0.04% | 1.07% |
| KKR | 1.04% | 0.10% | 0.94% |
| MCHP | Pro | Pro | Pro |
| ALB | Pro | Pro | Pro |
| TMUS | Pro | Pro | Pro |
See all 6 holdings CCD 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, CCD or IVV?
CCD has an expense ratio of 2.10% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $207 per year of difference.
Which performed better, CCD or IVV?
Over the past year CCD returned +39.14% vs +23.63% for IVV, so CCD leads on 1-year performance. Over the longest common window we track (11 years), CCD annualized +5.19% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, CCD or IVV?
CCD has been the more volatile fund at 21.1% annualized versus 15.1% for IVV. Worst drawdown: CCD -60.9% vs IVV -56.5%.
Should I hold both CCD and IVV?
CCD and IVV 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 CCD and IVV?
CCD and IVV share 6 common holdings with a 0.5% weight overlap. Combined, they hold 1002 unique securities.
Which pays a higher dividend, CCD or IVV?
CCD yields 8.97% while IVV yields 1.09%, so CCD currently pays the higher dividend yield.
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