CVRT vs. VOO
Compare and contrast key facts about Calamos Convertible Equity Alternative ETF (CVRT) and Vanguard S&P 500 ETF (VOO).
CVRT and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CVRT is an actively managed fund by Calamos. It was launched on Oct 4, 2023. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CVRT or VOO.
Key characteristics
| CVRT | VOO | |
|---|---|---|
| YTD Return | 15.84% | 26.94% |
| 1Y Return | 27.82% | 35.06% |
| Sharpe Ratio | 1.97 | 3.08 |
| Sortino Ratio | 2.64 | 4.09 |
| Omega Ratio | 1.34 | 1.58 |
| Calmar Ratio | 3.33 | 4.46 |
| Martin Ratio | 10.45 | 20.36 |
| Ulcer Index | 3.00% | 1.85% |
| Daily Std Dev | 15.90% | 12.23% |
| Max Drawdown | -9.42% | -33.99% |
| Current Drawdown | -1.13% | -0.25% |
Correlation
The correlation between CVRT and VOO is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CVRT vs. VOO - Performance Comparison
In the year-to-date period, CVRT achieves a 15.84% return, which is significantly lower than VOO's 26.94% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CVRT vs. VOO - Expense Ratio Comparison
CVRT has a 0.69% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
CVRT vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Convertible Equity Alternative ETF (CVRT) and Vanguard S&P 500 ETF (VOO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
CVRT vs. VOO - Dividend Comparison
CVRT's dividend yield for the trailing twelve months is around 1.50%, more than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVRT Calamos Convertible Equity Alternative ETF | 1.50% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
CVRT vs. VOO - Drawdown Comparison
The maximum CVRT drawdown since its inception was -9.42%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for CVRT and VOO. For additional features, visit the drawdowns tool.
Volatility
CVRT vs. VOO - Volatility Comparison
Calamos Convertible Equity Alternative ETF (CVRT) has a higher volatility of 4.52% compared to Vanguard S&P 500 ETF (VOO) at 3.78%. This indicates that CVRT's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.