CCD vs VYM
CCD vs VYM
Calamos Dynamic Convertible and Income Fund vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. CCD delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | CCD | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 2.10% | 0.04% | |
| AUM | $978M | $79.0B | |
| Dividend Yield | 8.97% | 2.86% | |
| Holdings | 612 | 568 | |
| YTD Return | +26.40% | +13.82% | |
| 1Y Return | +37.25% | +24.08% | |
| 3Y Return (annualized) | +18.94% | +17.72% | |
| 5Y Return (annualized) | +6.27% | +12.13% | |
| Volatility (annualized) | 21.1% | 14.6% | |
| Max Drawdown | -60.9% | -58.8% | |
| Fund Family | Calamos Investments | Vanguard (US) | |
| Category | Convertible | Equity | |
| Inception | Mar 27, 2015 | Nov 10, 2006 |
CCD vs VYM Performance
Calamos Dynamic Convertible and Income Fund (CCD) is a ETF from Calamos Investments and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CCD returned +37.25% while VYM returned +24.08%. Year to date, CCD is up 26.40% versus a gain of 13.82% for VYM.
Over three years, CCD compounded at +18.94% per year against +17.72% for VYM; over five years the annualized figures are +6.27% and +12.13% respectively. Across the full 11-year window we track, VYM has the edge at +6.98% annualized vs +5.07%. 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 14.6% for VYM. 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 -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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CCD charges 2.10% per year while VYM charges 0.04%. On a $10,000 position that is $210 vs $4 annually, a gap of $206 per year that compounds over a long holding period. On income, CCD currently yields 8.97% against 2.86% for VYM.
Holdings Overlap
CCD and VYM share 5 holdings out of 1056 unique holdings combined, representing a 1.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CCD | Weight in VYM | Difference |
|---|---|---|---|
| NEE | 1.19% | 0.86% | 0.33% |
| ARES | 1.11% | 0.09% | 1.02% |
| MCHP | 0.95% | 0.17% | 0.78% |
| ALB | Pro | Pro | Pro |
| VSNT | Pro | Pro | Pro |
See all 5 holdings CCD shares with VYM 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 VYM?
CCD has an expense ratio of 2.10% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $206 per year of difference.
Which performed better, CCD or VYM?
Over the past year CCD returned +37.25% vs +24.08% for VYM, so CCD leads on 1-year performance. Over the longest common window we track (11 years), CCD annualized +5.07% vs +6.98% for VYM. Past performance does not guarantee future results.
Which is riskier, CCD or VYM?
CCD has been the more volatile fund at 21.1% annualized versus 14.6% for VYM. Worst drawdown: CCD -60.9% vs VYM -58.8%.
Should I hold both CCD and VYM?
CCD and VYM have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CCD and VYM?
CCD and VYM share 5 common holdings with a 1.2% weight overlap. Combined, they hold 1056 unique securities.
Which pays a higher dividend, CCD or VYM?
CCD yields 8.97% while VYM yields 2.86%, so CCD currently pays the higher dividend yield.
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