- ISIN
- US1281171082
- CUSIP
- 128119864
- Issuer
- Calamos
- Inception Date
- Jun 25, 1997
- Category
- Convertible Bonds
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
CHI Performance Chart
Calamos Convertible Opportunities and Income Fund (CHI) is up 30.9% since the beginning of the year. CHI is currently trading at $13 per share. Investors who bought $1,000 worth of CHI shares 5 years ago would now be looking at an investment worth $1,444.
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Returns By Period
Calamos Convertible Opportunities and Income Fund (CHI) has returned 30.91% so far this year and 44.98% over the past 12 months. Over the last ten years, CHI has had an annualized return of 13.65%, just under the S&P 500 Index benchmark’s 13.88%.
Calamos Convertible Opportunities and Income Fund
- 1D
- -0.38%
- 1M
- 6.66%
- YTD
- 30.91%
- 6M
- 26.63%
- 1Y
- 44.98%
- 3Y*
- 18.31%
- 5Y*
- 7.62%
- 10Y*
- 13.65%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
CHI Monthly Returns History
Based on dividend-adjusted daily data since Jun 27, 2002, CHI's average daily return is +0.05%, while the average monthly return is +0.95%. At this rate, an investment would double in approximately 6.1 years.
Historically, 63% of months were positive and 37% were negative. The best month was Jul 2022 with a return of +22.3%, while the worst month was Sep 2008 at -19.2%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, CHI closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +27.0%, while the worst single day was Mar 18, 2020 at -23.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.16% | 2.72% | -5.32% | 14.34% | 5.64% | 3.99% | 30.91% | ||||||
| 2025 | -4.77% | -8.64% | -6.01% | 5.87% | 1.32% | 5.23% | -1.29% | 2.30% | 4.38% | 6.47% | -3.55% | -2.05% | -2.15% |
| 2024 | 3.38% | 4.54% | 3.12% | -2.74% | 4.68% | 3.29% | -1.43% | 1.64% | 2.33% | -1.02% | 6.70% | 0.25% | 27.23% |
| 2023 | 12.56% | 1.55% | -11.01% | 0.89% | -4.56% | 13.56% | 2.30% | -4.82% | -0.82% | -4.39% | 1.14% | 5.41% | 9.49% |
| 2022 | -9.20% | -4.10% | 1.84% | -4.21% | -4.85% | -8.81% | 22.29% | -10.73% | -15.47% | 12.67% | 5.36% | -5.02% | -23.31% |
| 2021 | -0.07% | 6.89% | -0.38% | 5.33% | 0.83% | 2.40% | 1.22% | 2.20% | -2.83% | 6.13% | -4.26% | 1.80% | 20.31% |
Benchmark Metrics
Calamos Convertible Opportunities and Income Fund has an annualized alpha of 5.16%, beta of 0.71, and R2 of 0.32 versus S&P 500 Index. Calculated based on daily prices since June 27, 2002.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (97.77%) than losses (92.57%) - typical of diversified or defensive assets.
- R2 of 0.32 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 5.16%
- Beta
- 0.71
- R²
- 0.32
- Upside Capture
- 97.77%
- Downside Capture
- 92.57%
Expense Ratio
CHI has an expense ratio of 0.88%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CHI ranks 85 for risk / return — in the top 85% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Calamos Convertible Opportunities and Income Fund (CHI) and compare them to S&P 500 Index.
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.
| CHI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.37 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.22 | 2.78 | +1.44 |
| Martin ratioReturn relative to average drawdown | 16.62 | 12.44 | +4.18 |
Dividends
Dividend History
Calamos Convertible Opportunities and Income Fund provided a 8.65% dividend yield over the last twelve months, with an annual payout of $1.14 per share. The fund has been increasing its distributions for 5 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.14 | $1.14 | $1.14 | $1.14 | $1.14 | $1.14 | $0.91 | $0.93 | $1.08 | $1.14 | $1.14 | $1.14 |
Dividend yield | 8.65% | 10.88% | 9.55% | 11.00% | 10.85% | 7.54% | 6.75% | 8.49% | 12.19% | 10.19% | 11.30% | 11.50% |
Monthly Dividends
The table displays the monthly dividend distributions for Calamos Convertible Opportunities and Income Fund. 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 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.48 | ||||||
| 2025 | $0.00 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.19 | $1.14 |
| 2024 | $0.00 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.19 | $1.14 |
| 2023 | $0.00 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.19 | $1.14 |
| 2022 | $0.00 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.19 | $1.14 |
| 2021 | $0.00 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.19 | $1.14 |
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 Convertible Opportunities and Income Fund. 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 Convertible Opportunities and Income Fund was 64.72%, occurring on Nov 21, 2008. Recovery took 596 trading sessions.
The current Calamos Convertible Opportunities and Income Fund drawdown is 0.38%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -64.72%Nov 2008 | 1y 5mo | 2y 4mo | 3y 9moJun 2007 - Apr 2011 |
COVID crash2020 | -49.64%Mar 2020 | 27d | 4mo 18d | 5mo 15dFeb 2020 - Aug 2020 |
Bear market2022 | -36.03%Sep 2022 | 10mo 18d | 2y 1mo | 3y 7dNov 2021 - Nov 2024 |
Rate-hike selloffLate 2018 | -33.87%Dec 2018 | 3mo 5d | 1y 1mo | 1y 4moSep 2018 - Feb 2020 |
2016 bear market2016 | -32.93%Feb 2016 | 8mo 28d | 12mo 3d | 1y 8moMay 2015 - Feb 2017 |
Drawdown Indicators
| CHI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.72% | -56.78% | -7.94% |
Max Drawdown (1Y)Largest decline over 1 year | -10.71% | -9.10% | -1.61% |
Max Drawdown (3Y)Largest decline over 3 years | -27.52% | -18.90% | -8.62% |
Max Drawdown (5Y)Largest decline over 5 years | -36.03% | -25.43% | -10.60% |
Max Drawdown (10Y)Largest decline over 10 years | -49.64% | -33.92% | -15.72% |
Current DrawdownCurrent decline from peak | -0.38% | -1.80% | +1.42% |
Average DrawdownAverage peak-to-trough decline | -9.65% | -10.71% | +1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 2.03% | +0.68% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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