Calamos Convertible Opportunities and Income Fund (CHI) belongs to the Convertible Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with CHI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CHI
CHI charges 0.88% annually. There are 6 mutual funds in the Convertible Bonds category with lower expense ratios, going as low as 0.68%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco Convertible Securities Fund | 0.68% | — | Jul 1997 | CHI vs CNSDX | |
| Virtus Convertible Fund | 0.71% | — | Apr 1993 | CHI vs ANNPX | |
| Advent Convertible and Income Fund | 0.75% | — | Apr 2003 | CHI vs AVK | |
| Lord Abbett Convertible Fund Class F3 | 0.82% | — | Jun 2003 | CHI vs LOCFX | |
| Franklin Convertible Securities Fund | 0.83% | — | Apr 1987 | CHI vs FISCX |
Best Risk-Adjusted Alternatives to CHI
CHI has a PortfoliosLab risk / return rank of 86. There is 1 mutual fund in the Convertible Bonds category with a higher risk-adjusted rank, going as high as 87.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Virtus Convertible Fund | 87 | — | Apr 1993 | CHI vs ANNPX | |
| Calamos Convertible and High Income Closed Fund | 86 | — | May 2003 | CHI vs CHY | |
| Miller Convertible Bond Fund | 86 | — | Dec 2007 | CHI vs MCIFX | |
| Calamos Global Convertible Fund | 85 | — | Dec 2014 | CHI vs CXGCX | |
| Columbia Convertible Securities Fund | 84 | — | Sep 1987 | CHI vs PACIX |
Top Performing CHI Alternatives (YTD)
CHI is at 31.70% YTD. No mutual funds in the Convertible Bonds category have higher YTD returns; the top-performing alternatives shown here go as high as 26.02%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Convertible and High Income Closed Fund | 26.02% | — | May 2003 | CHI vs CHY | |
| Columbia Convertible Securities Fund | 21.04% | — | Sep 1987 | CHI vs PACIX | |
| Invesco Convertible Securities Fund | 19.05% | — | Jul 1997 | CHI vs CNSDX | |
| Putnam Convertible Securities Fund | 18.05% | — | Jun 1972 | CHI vs PCONX | |
| Harbor Convertible Securities Fund | 18.04% | — | May 2011 | CHI vs HICSX |
Lowest Volatility Alternatives to CHI
CHI has 17.66% 1-year volatility. There are 14 mutual funds in the Convertible Bonds category with lower 1-year volatility, going as low as 5.30%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Miller Convertible Bond Fund | 5.30% | — | Dec 2007 | CHI vs MCIFX | |
| Rational/Pier 88 Convertible Securities Fund | 7.18% | — | Dec 2019 | CHI vs PBXIX | |
| Calamos Global Convertible Fund | 10.74% | — | Dec 2014 | CHI vs CXGCX | |
| Franklin Convertible Securities Fund | 11.23% | — | Apr 1987 | CHI vs FISCX | |
| Advent Convertible and Income Fund | 14.67% | — | Apr 2003 | CHI vs AVK |
Lowest Drawdown Alternatives to CHI
CHI has a 1-year max drawdown of -10.71%. There are 11 mutual funds in the Convertible Bonds category with shallower 1-year drawdowns, going as shallow as -4.53%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Miller Convertible Bond Fund | -4.53% | — | Dec 2007 | CHI vs MCIFX | |
| Rational/Pier 88 Convertible Securities Fund | -5.16% | — | Dec 2019 | CHI vs PBXIX | |
| Calamos Global Convertible Fund | -5.75% | — | Dec 2014 | CHI vs CXGCX | |
| Franklin Convertible Securities Fund | -6.38% | — | Apr 1987 | CHI vs FISCX | |
| Harbor Convertible Securities Fund | -6.92% | — | May 2011 | CHI vs HICSX |
Other Mutual Funds from Calamos
The 10 most viewed Calamos mutual funds shown here include CMNIX, CSQ, CTSIX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Calamos Market Neutral Income Fund Institutional C... | 98 | 3.41% | — | May 2000 | CHI vs CMNIX | ||
| Calamos Strategic Total Return Fund | Diversified Portfolio | 33 | 10.52% | — | Mar 2004 | CHI vs CSQ | |
| Calamos Timpani Small Cap Growth Fund | Small Cap Growth Equities | 75 | 30.81% | — | Mar 2011 | CHI vs CTSIX | |
| Calamos Phineus Long/Short Fund | Long-Short | 3 | 1.90% | — | Apr 2016 | CHI vs CPLIX | |
| Calamos Growth and Income Fund | Diversified Portfolio | 62 | 11.50% | — | Sep 1988 | CHI vs CVTRX | |
| Calamos Hedged Equity Fund | Options Trading | 74 | 6.41% | — | Dec 2014 | CHI vs CIHEX | |
| Calamos Global Equity Fund | Global Equities | 33 | 17.02% | — | Feb 2007 | CHI vs CIGEX | |
| Calamos High Income Opportunities Fund | High Yield Bonds | 90 | 2.41% | — | Aug 1999 | CHI vs CHYDX | |
| Calamos International Growth Fund | Foreign Large Cap Equities | 37 | 25.57% | — | Mar 2005 | CHI vs CIGIX | |
| Calamos Evolving World Growth Fund Class I | Emerging Markets Equities | 59 | 35.58% | — | — | CHI vs CNWIX |
Often Compared With CHI
Investors most often compare CHI with JEPI, GCV, NCZ. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare CHI with Any Fund or Stock
Compare CHI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CHI with funds that move differently
Calamos Convertible Opportunities and Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CHI.
Explore CHI Diversifiers