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 10 mutual funds in the Convertible Bonds category with lower expense ratios, going as low as 0.59%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Advisor Convertible Securities Fund Class... | 0.59% | — | Oct 2018 | CHI vs FIQVX | |
| Fidelity Convertible Securities Fund | 0.67% | — | Jan 1987 | CHI vs FCVSX | |
| Invesco Convertible Securities Fund | 0.68% | — | Jul 1997 | CHI vs CNSDX | |
| Fidelity Advisor Convertible Securities Fund Class... | 0.70% | — | Feb 2009 | CHI vs FICVX | |
| Virtus Convertible Fund | 0.71% | — | Apr 1993 | CHI vs ANNPX |
Best Risk-Adjusted Alternatives to CHI
CHI has a PortfoliosLab risk / return rank of 82. There are 3 mutual funds in the Convertible Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | CHI vs ARBIX | |
| Miller Convertible Bond Fund | 92 | — | Dec 2007 | CHI vs MCIFX | |
| Calamos Global Convertible Fund | 85 | — | Dec 2014 | CHI vs CXGCX | |
| Virtus Convertible Fund | 78 | — | Apr 1993 | CHI vs ANNPX | |
| Lazard Enhanced Opportunities Portfolio Open Share... | 75 | — | Dec 2014 | CHI vs LEOOX |
Top Performing CHI Alternatives (YTD)
CHI is at 25.35% YTD. No mutual funds in the Convertible Bonds category have higher YTD returns; the top-performing alternatives shown here go as high as 17.72%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Convertible Fund | 17.72% | — | Jun 1997 | CHI vs CICVX | |
| Calamos Convertible Fund | 17.57% | — | Jun 1985 | CHI vs CCVIX | |
| Columbia Convertible Securities Fund | 16.64% | — | Sep 1987 | CHI vs PACIX | |
| Calamos Convertible and High Income Closed Fund | 16.46% | — | May 2003 | CHI vs CHY | |
| Invesco Convertible Securities Fund | 14.61% | — | Jul 1997 | CHI vs CNSDX |
Lowest Volatility Alternatives to CHI
CHI has 18.67% 1-year volatility. There are 27 mutual funds in the Convertible Bonds category with lower 1-year volatility, going as low as 1.25%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 1.25% | — | Aug 2017 | CHI vs ARBIX | |
| Miller Convertible Bond Fund | 5.37% | — | Dec 2007 | CHI vs MCIFX | |
| Victory INCORE Investment Grade Convertible Fund C... | 6.42% | — | — | CHI vs SBFCX | |
| Lazard Enhanced Opportunities Portfolio Open Share... | 6.60% | — | Dec 2014 | CHI vs LEOOX | |
| Rational/Pier 88 Convertible Securities Fund | 7.20% | — | Dec 2019 | CHI vs PBXIX |
Lowest Drawdown Alternatives to CHI
CHI has a 1-year max drawdown of -10.71%. There are 13 mutual funds in the Convertible Bonds category with shallower 1-year drawdowns, going as shallow as -0.51%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | — | Aug 2017 | CHI vs ARBIX | |
| Lazard Enhanced Opportunities Portfolio Open Share... | -3.97% | — | Dec 2014 | CHI vs LEOOX | |
| Victory INCORE Investment Grade Convertible Fund C... | -4.28% | — | — | CHI vs SBFCX | |
| Miller Convertible Bond Fund | -4.53% | — | Dec 2007 | CHI vs MCIFX | |
| Rational/Pier 88 Convertible Securities Fund | -5.16% | — | Dec 2019 | CHI vs PBXIX |
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 | 3.54% | — | May 2000 | CHI vs CMNIX | ||
| Calamos Strategic Total Return Fund | Diversified Portfolio | 34 | 9.03% | — | Mar 2004 | CHI vs CSQ | |
| Calamos Timpani Small Cap Growth Fund | Small Cap Growth Equities | 55 | 19.41% | — | Mar 2011 | CHI vs CTSIX | |
| Calamos Phineus Long/Short Fund | Long-Short | 7 | 3.50% | — | Apr 2016 | CHI vs CPLIX | |
| Calamos Growth and Income Fund | Diversified Portfolio | 55 | 9.24% | — | Sep 1988 | CHI vs CVTRX | |
| Calamos Hedged Equity Fund | Options Trading | 74 | 5.57% | — | Dec 2014 | CHI vs CIHEX | |
| Calamos International Growth Fund | Foreign Large Cap Equities | 29 | 16.59% | — | Mar 2005 | CHI vs CIGIX | |
| Calamos Global Equity Fund | Global Equities | 25 | 12.12% | — | Feb 2007 | CHI vs CIGEX | |
| Calamos High Income Opportunities Fund | High Yield Bonds | 90 | 2.15% | — | Aug 1999 | CHI vs CHYDX | |
| Calamos Evolving World Growth Fund Class I | Emerging Markets Equities | 32 | 21.73% | — | — | CHI vs CNWIX |
Often Compared With CHI
Investors most often compare CHI with JEPI, FISCX, GCV. These 20 comparison targets span 10 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