Caldecott vs. Newbery Award

According to the Association for Library Service to Children (ALSC), "The Newbery Medal was named for eighteenth-century British bookseller John Newbery. It is awarded annually by the Association for Library Service to Children, a division of the American Library Association, to the author of the most distinguished contribution to American literature for children. The Caldecott Medal was named in honor of nineteenth-century English illustrator Randolph Caldecott. It is awarded annually by the Association for Library Service to Children, a division of the American Library Association, to the artist of the most distinguished American picture book for children." 
To me, both of these awards are very prestigious and highly sought after in the world of children's literature and children's publishing companies. While the Caldecott Award was created for illustrators and the Newbery Award was created for distinguished American literature for children, both are equally important.