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VOO vs. CAIE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VOO vs. CAIE

Last updated Jun 16, 2026

VOO (Vanguard S&P 500 ETF) and CAIE (Calamos Autocallable Income ETF) are both exchange-traded funds - VOO is a S&P 500 fund tracking the S&P 500 Index, while CAIE is a Derivative Income fund tracking the MerQube US Large Cap Vol Advantage Autocallable Index. Both are passively managed. Their correlation of 0.92 suggests significant overlap in exposure. VOO charges 0.03%/yr vs 0.74%/yr for CAIE.

Performance

VOO vs. CAIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P 500 ETF (VOO) and Calamos Autocallable Income ETF (CAIE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VOO achieves a 10.99% return, which is significantly higher than CAIE's 8.63% return.

VOO

1D
1.74%
1M
2.12%
YTD
10.99%
6M
11.51%
1Y
27.95%
3Y*
21.25%
5Y*
13.93%
10Y*
15.72%

CAIE

1D
1.15%
1M
1.01%
YTD
8.63%
6M
9.20%
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VOO vs. CAIE - Yearly Performance Comparison

2026 (YTD)2025
VOO
Vanguard S&P 500 ETF		10.99%13.09%
CAIE
Calamos Autocallable Income ETF		8.63%15.12%

Correlation

The correlation between VOO and CAIE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (All Time)
Calculated using the full available price history since Jun 25, 2025

0.92

VOO vs. CAIE - Sectors Allocation Comparison

Sectors
VOO
CAIE

Technology

35.6%

-

Financial Services

11.6%

-

Communication Services

11.1%

-

Consumer Cyclical

10.1%

-

Healthcare

8.5%

-

Industrials

8.0%

-

Consumer Defensive

4.9%

-

Energy

3.5%

-

Utilities

2.8%

-

Real Estate

1.9%

-

Basic Materials

1.8%
13.2%

Technology

VOO
35.6%
CAIE

-

Financial Services

VOO
11.6%
CAIE

-

Communication Services

VOO
11.1%
CAIE

-

Consumer Cyclical

VOO
10.1%
CAIE

-

Healthcare

VOO
8.5%
CAIE

-

Industrials

VOO
8.0%
CAIE

-

Consumer Defensive

VOO
4.9%
CAIE

-

Energy

VOO
3.5%
CAIE

-

Utilities

VOO
2.8%
CAIE

-

Real Estate

VOO
1.9%
CAIE

-

Basic Materials

VOO
1.8%
CAIE
13.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard S&P 500 ETF

Calamos Autocallable Income ETF

Often compared with VOO:
VOO vs. VTIVOO vs. QQQVOO vs. SCHDVOO vs. VTVOO vs. SPYVOO vs. FXAIXVOO vs. IVV
Often compared with CAIE:
CAIE vs. CMPCAIE vs. SPYCAIE vs. CAIQCAIE vs. SBARCAIE vs. SPYICAIE vs. XVCAIE vs. GPIQ

Return for Risk

VOO vs. CAIE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VOO
VOO Risk / Return Rank: 7878
Overall Rank
VOO Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
VOO Sortino Ratio Rank: 7878
Sortino Ratio Rank
VOO Omega Ratio Rank: 7979
Omega Ratio Rank
VOO Calmar Ratio Rank: 6969
Calmar Ratio Rank
VOO Martin Ratio Rank: 8181
Martin Ratio Rank
CAIE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VOO vs. CAIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 ETF (VOO) and Calamos Autocallable Income ETF (CAIE). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

VOOCAIEDifference
Sharpe ratioReturn per unit of total volatility
2.28

—

—

Sortino ratioReturn per unit of downside risk
3.07

—

—

Omega ratioGain probability vs. loss probability

1.42

—

—

Calmar ratioReturn relative to maximum drawdown

3.15

—

—

Martin ratioReturn relative to average drawdown

14.25

—

—

VOO vs. CAIE - Sharpe Ratio Comparison

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Drawdowns

VOO vs. CAIE - Drawdown Comparison

The maximum VOO drawdown since its inception was -33.99%, which is greater than CAIE's maximum drawdown of -7.73%. Use the drawdown chart below to compare losses from any high point for VOO and CAIE.

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Drawdown Indicators

VOOCAIEDifference

Max Drawdown

Largest peak-to-trough decline

-33.99%

-7.73%

-26.26%

Max Drawdown (1Y)

Largest decline over 1 year

-8.90%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-18.69%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-24.52%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-33.99%

—

—

Current Drawdown

Current decline from peak

-0.63%

-0.80%

+0.17%

Average Drawdown

Average peak-to-trough decline

-3.68%

-1.08%

-2.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.97%

—

—

Volatility

VOO vs. CAIE - Volatility Comparison

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Volatility by Period

VOOCAIEDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.61%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

9.72%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

12.34%

12.08%

+0.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.90%

12.08%

+4.82%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.05%

12.08%

+5.97%

VOO vs. CAIE - Expense Ratio Comparison

VOO has a 0.03% expense ratio, which is lower than CAIE's 0.74% expense ratio.

Dividends

VOO vs. CAIE - Dividend Comparison

VOO's dividend yield for the trailing twelve months is around 1.03%, less than CAIE's 13.15% yield.

PositionTTM20252024202320222021202020192018201720162015
CAIE
Calamos Autocallable Income ETF		13.15%7.46%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		1.03%1.13%1.24%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%

Frequently Asked Questions

With a correlation of 0.92, VOO and CAIE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

On fees, VOO is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VOO is cheaper with a 0.03% expense ratio, compared with 0.74% for CAIE.

CAIE has the higher dividend yield at 13.15%, compared with 1.03% for VOO.

VOO is categorized as S&P 500, while CAIE is Derivative Income. VOO tracks S&P 500 Index, while CAIE tracks MerQube US Large Cap Vol Advantage Autocallable Index. They also come from different issuers: Vanguard and Calamos. Their fees differ too: 0.03% for VOO and 0.74% for CAIE.

Portfolio Optimizer

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