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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Calamos CEF Income & Arbitrage ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Calamos CEF Income & Arbitrage ETF (CCEF) has returned -0.88% so far this year and 9.96% over the past 12 months.
Calamos CEF Income & Arbitrage ETF
- 1D
- 2.33%
- 1M
- -5.25%
- YTD
- -0.88%
- 6M
- 0.93%
- 1Y
- 9.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jan 16, 2024, CCEF's average daily return is +0.05%, while the average monthly return is +1.11%. At this rate, your investment would double in approximately 5.2 years.
Historically, 74% of months were positive and 26% were negative. The best month was Nov 2024 with a return of +4.9%, while the worst month was Mar 2026 at -5.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, CCEF closed higher 59% of trading days. The best single day was Apr 9, 2025 with a return of +5.3%, while the worst single day was Apr 4, 2025 at -6.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.12% | 1.44% | -5.25% | -0.88% | |||||||||
| 2025 | 3.93% | -0.55% | -1.06% | -2.64% | 3.68% | 3.53% | 0.81% | 1.84% | 1.55% | 0.07% | 1.11% | 0.65% | 13.47% |
| 2024 | 0.54% | 3.10% | 3.64% | -2.82% | 3.69% | 2.47% | 3.22% | 2.56% | 3.19% | -2.29% | 4.88% | -4.34% | 18.80% |
Benchmark Metrics
Calamos CEF Income & Arbitrage ETF has an annualized alpha of 5.15%, beta of 0.56, and R² of 0.67 versus S&P 500 Index. Calculated based on daily prices since January 17, 2024.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (84.12%) than losses (80.53%) — typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 5.15% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
- Beta of 0.56 indicates this ETF moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 5.15%
- Beta
- 0.56
- R²
- 0.67
- Upside Capture
- 84.12%
- Downside Capture
- 80.53%
Expense Ratio
CCEF has a high expense ratio of 2.74%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
CCEF ranks 40 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Calamos CEF Income & Arbitrage ETF (CCEF) and compare them to a chosen benchmark (S&P 500 Index).
| CCEF | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.78 | 0.90 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.07 | 1.39 | -0.31 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.21 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.89 | 1.40 | -0.51 |
Martin ratioReturn relative to average drawdown | 4.11 | 6.61 | -2.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore CCEF risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Calamos CEF Income & Arbitrage ETF provided a 8.33% dividend yield over the last twelve months, with an annual payout of $2.35 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $2.35 | $2.33 | $1.81 |
Dividend yield | 8.33% | 8.08% | 6.55% |
Monthly Dividends
The table displays the monthly dividend distributions for Calamos CEF Income & Arbitrage ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.20 | $0.21 | $0.41 | |||||||||
| 2025 | $0.00 | $0.19 | $0.19 | $0.19 | $0.20 | $0.19 | $0.19 | $0.19 | $0.19 | $0.19 | $0.19 | $0.41 | $2.33 |
| 2024 | $0.18 | $0.18 | $0.16 | $0.18 | $0.17 | $0.18 | $0.19 | $0.19 | $0.38 | $1.81 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Calamos CEF Income & Arbitrage ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Calamos CEF Income & Arbitrage ETF was 13.25%, occurring on Apr 8, 2025. Recovery took 52 trading sessions.
The current Calamos CEF Income & Arbitrage ETF drawdown is 5.60%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.25% | Feb 19, 2025 | 35 | Apr 8, 2025 | 52 | Jun 24, 2025 | 87 |
| -7.75% | Mar 3, 2026 | 20 | Mar 30, 2026 | — | — | — |
| -5.93% | Dec 2, 2024 | 14 | Dec 19, 2024 | 31 | Feb 6, 2025 | 45 |
| -5.11% | Apr 1, 2024 | 12 | Apr 16, 2024 | 17 | May 9, 2024 | 29 |
| -4.94% | Aug 1, 2024 | 3 | Aug 5, 2024 | 9 | Aug 16, 2024 | 12 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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