CVSB vs VOO
CVSB vs VOO
Calvert Ultra-Short Investment Grade ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CVSB | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.24% | 0.03% | |
| AUM | $221M | $979.0B | |
| Dividend Yield | 4.96% | 1.09% | |
| Holdings | 246 | 509 | |
| YTD Return | +2.14% | +11.51% | |
| 1Y Return | +4.26% | +21.46% | |
| 3Y Return (annualized) | +5.38% | +20.86% | |
| 5Y Return (annualized) | - | +13.01% | |
| Volatility (annualized) | 0.6% | 14.1% | |
| Max Drawdown | -0.6% | -34.3% | |
| Fund Family | Calvert | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jan 30, 2023 | Sep 7, 2010 |
CVSB vs VOO Performance
Calvert Ultra-Short Investment Grade ETF (CVSB) is a ETF from Calvert and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CVSB returned +4.26% while VOO returned +21.46%. Year to date, CVSB is up 2.14% versus a gain of 11.51% for VOO.
Over three years, CVSB compounded at +5.38% per year against +20.86% for VOO. Across the full 4-year window we track, VOO has the edge at +13.44% annualized vs +5.34%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 0.6% for CVSB. 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 -0.6% for CVSB 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 0.39. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CVSB charges 0.24% per year while VOO charges 0.03%. On a $10,000 position that is $24 vs $3 annually, a gap of $21 per year that compounds over a long holding period. On income, CVSB currently yields 4.96% against 1.09% for VOO.
Holdings Overlap
CVSB and VOO share 0 holdings out of 631 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CVSB or VOO?
CVSB has an expense ratio of 0.24% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, CVSB or VOO?
Over the past year CVSB returned +4.26% vs +21.46% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (4 years), CVSB annualized +5.34% vs +13.44% for VOO. Past performance does not guarantee future results.
Which is riskier, CVSB or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 0.6% for CVSB. Worst drawdown: CVSB -0.6% vs VOO -34.3%.
Should I hold both CVSB and VOO?
CVSB and VOO have a monthly-return correlation of 0.39, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CVSB and VOO?
CVSB and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 631 unique securities.
Which pays a higher dividend, CVSB or VOO?
CVSB yields 4.96% while VOO yields 1.09%, so CVSB currently pays the higher dividend yield.
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