VCNS.TO vs. CPSM
Compare and contrast key facts about Vanguard Conservative ETF Portfolio (VCNS.TO) and Calamos S&P 500 Structured Alt Protection ETF - May (CPSM).
VCNS.TO and CPSM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VCNS.TO is an actively managed fund by Vanguard. It was launched on Jan 25, 2018. CPSM is an actively managed fund by Calamos. It was launched on May 1, 2024.
Performance
VCNS.TO vs. CPSM - Performance Comparison
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VCNS.TO vs. CPSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VCNS.TO Vanguard Conservative ETF Portfolio | -0.16% | 8.13% | 8.28% |
CPSM Calamos S&P 500 Structured Alt Protection ETF - May | 2.28% | 2.29% | 11.66% |
Different Trading Currencies
VCNS.TO is traded in CAD, while CPSM is traded in USD. To make them comparable, the CPSM values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VCNS.TO achieves a -0.16% return, which is significantly lower than CPSM's 2.28% return.
VCNS.TO
- 1D
- -0.38%
- 1M
- -3.12%
- YTD
- -0.16%
- 6M
- -0.78%
- 1Y
- 7.06%
- 3Y*
- 7.82%
- 5Y*
- 4.07%
- 10Y*
- —
CPSM
- 1D
- 0.05%
- 1M
- 1.89%
- YTD
- 2.28%
- 6M
- 1.83%
- 1Y
- 4.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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VCNS.TO vs. CPSM - Expense Ratio Comparison
VCNS.TO has a 0.25% expense ratio, which is lower than CPSM's 0.69% expense ratio.
Return for Risk
VCNS.TO vs. CPSM — Risk / Return Rank
VCNS.TO
CPSM
VCNS.TO vs. CPSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Conservative ETF Portfolio (VCNS.TO) and Calamos S&P 500 Structured Alt Protection ETF - May (CPSM). 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.
| VCNS.TO | CPSM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 0.55 | +0.41 |
Sortino ratioReturn per unit of downside risk | 1.31 | 0.76 | +0.55 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.13 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.35 | 0.50 | +0.85 |
Martin ratioReturn relative to average drawdown | 4.86 | 2.20 | +2.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VCNS.TO | CPSM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.55 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 1.26 | -1.01 |
Correlation
The correlation between VCNS.TO and CPSM is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
VCNS.TO vs. CPSM - Dividend Comparison
VCNS.TO's dividend yield for the trailing twelve months is around 1.92%, while CPSM has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VCNS.TO Vanguard Conservative ETF Portfolio | 1.92% | 2.54% | 2.58% | 2.57% | 2.28% | 2.09% | 1.88% | 2.28% | 75.90% |
CPSM Calamos S&P 500 Structured Alt Protection ETF - May | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VCNS.TO vs. CPSM - Drawdown Comparison
The maximum VCNS.TO drawdown since its inception was -18.04%, which is greater than CPSM's maximum drawdown of -9.15%. Use the drawdown chart below to compare losses from any high point for VCNS.TO and CPSM.
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Drawdown Indicators
| VCNS.TO | CPSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.04% | -5.19% | -12.85% |
Max Drawdown (1Y)Largest decline over 1 year | -5.38% | -4.99% | -0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -15.73% | — | — |
Current DrawdownCurrent decline from peak | -3.57% | 0.00% | -3.57% |
Average DrawdownAverage peak-to-trough decline | -3.09% | -0.21% | -2.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 0.77% | +0.72% |
Volatility
VCNS.TO vs. CPSM - Volatility Comparison
Vanguard Conservative ETF Portfolio (VCNS.TO) has a higher volatility of 3.19% compared to Calamos S&P 500 Structured Alt Protection ETF - May (CPSM) at 1.40%. This indicates that VCNS.TO's price experiences larger fluctuations and is considered to be riskier than CPSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCNS.TO | CPSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 1.40% | +1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 4.92% | 3.45% | +1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.42% | 7.90% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.73% | 6.77% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.43% | 6.77% | +85.66% |