CCD vs VOO
CCD vs VOO
Calamos Dynamic Convertible and Income Fund vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. CCD delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CCD | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 2.10% | 0.03% | |
| AUM | $978M | $979.0B | |
| Dividend Yield | 8.97% | 1.09% | |
| Holdings | 612 | 509 | |
| YTD Return | +29.28% | +13.80% | |
| 1Y Return | +40.31% | +23.71% | |
| 3Y Return (annualized) | +19.80% | +21.50% | |
| 5Y Return (annualized) | +6.50% | +13.44% | |
| Volatility (annualized) | 21.1% | 14.1% | |
| Max Drawdown | -60.9% | -34.3% | |
| Fund Family | Calamos Investments | Vanguard (US) | |
| Category | Convertible | Equity | |
| Inception | Mar 27, 2015 | Sep 7, 2010 |
CCD vs VOO Performance
Calamos Dynamic Convertible and Income Fund (CCD) is a ETF from Calamos Investments and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CCD returned +40.31% while VOO returned +23.71%. Year to date, CCD is up 29.28% versus a gain of 13.80% for VOO.
Over three years, CCD compounded at +19.80% per year against +21.50% for VOO; over five years the annualized figures are +6.50% and +13.44% respectively. Across the full 11-year window we track, VOO has the edge at +13.58% annualized vs +5.27%. 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 14.1% for VOO. 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 -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
CCD charges 2.10% per year while VOO 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 VOO.
Holdings Overlap
CCD and VOO 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 VOO | 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 VOO 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 VOO?
CCD has an expense ratio of 2.10% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $207 per year of difference.
Which performed better, CCD or VOO?
Over the past year CCD returned +40.31% vs +23.71% for VOO, so CCD leads on 1-year performance. Over the longest common window we track (11 years), CCD annualized +5.27% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, CCD or VOO?
CCD has been the more volatile fund at 21.1% annualized versus 14.1% for VOO. Worst drawdown: CCD -60.9% vs VOO -34.3%.
Should I hold both CCD and VOO?
CCD 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 CCD and VOO?
CCD and VOO share 6 common holdings with a 0.5% weight overlap. Combined, they hold 1002 unique securities.
Which pays a higher dividend, CCD or VOO?
CCD yields 8.97% while VOO yields 1.09%, so CCD currently pays the higher dividend yield.
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