- ISIN
- US12811P1084
- CUSIP
- 12811P108
- Issuer
- Calamos
- Inception Date
- May 28, 2003
- Category
- Convertible Bonds
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
CHY Performance Chart
Calamos Convertible and High Income Closed Fund (CHY) is up 16.5% since the beginning of the year. CHY is currently trading at $13 per share. Investors who bought $1,000 worth of CHY shares 5 years ago would now be looking at an investment worth $1,302.
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Compare this symbol against anything
Returns By Period
Calamos Convertible and High Income Closed Fund (CHY) has returned 16.46% so far this year and 28.34% over the past 12 months. Over the last ten years, CHY has returned 11.52% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Calamos Convertible and High Income Closed Fund
- 1D
- 0.97%
- 1M
- -5.93%
- 6M
- 12.29%
- YTD
- 16.46%
- 1Y
- 28.34%
- 3Y*
- 13.83%
- 5Y*
- 5.42%
- 10Y*
- 11.52%
- ALL TIME*
- 8.85%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
CHY Monthly Returns History
Based on dividend-adjusted daily data since May 29, 2003, CHY's average daily return is +0.04%, while the average monthly return is +0.88%. At this rate, an investment would double in approximately 6.6 years.
Historically, 62% of months were positive and 38% were negative. The best month was Dec 2008 with a return of +25.9%, while the worst month was Sep 2008 at -23.0%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, CHY closed higher 53% of trading days. The best single day was Mar 19, 2020 with a return of +15.3%, while the worst single day was Mar 18, 2020 at -25.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.71% | 3.08% | -8.38% | 14.18% | 7.88% | 3.99% | -7.18% | 16.46% | |||||
| 2025 | -5.93% | -5.30% | -4.87% | 1.24% | 3.46% | 6.97% | 0.64% | 0.92% | 3.29% | 5.37% | -0.84% | -0.11% | 3.97% |
| 2024 | 1.39% | 3.36% | -0.10% | -4.33% | 0.19% | 1.25% | 2.97% | 2.74% | 3.73% | -0.36% | 4.67% | 0.82% | 17.24% |
| 2023 | 16.30% | -0.02% | -9.52% | -1.02% | -5.47% | 13.01% | 3.86% | 0.09% | -1.86% | -1.75% | 5.16% | 3.00% | 20.78% |
| 2022 | -11.80% | -1.17% | 1.39% | -6.11% | -4.67% | -9.35% | 19.72% | -6.92% | -16.98% | 10.07% | 7.42% | -8.27% | -28.05% |
| 2021 | 0.49% | 6.67% | -1.31% | 5.83% | 1.75% | 3.62% | -1.91% | 2.26% | -2.75% | 6.90% | -3.86% | 3.24% | 22.17% |
Benchmark Metrics
Calamos Convertible and High Income Closed Fund has an annualized alpha of 3.34%, beta of 0.73, and R2 of 0.36 versus S&P 500 Index. Calculated based on daily prices since May 29, 2003.
- R2 of 0.36 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
- 3.34%
- Beta
- 0.73
- R²
- 0.36
- Upside Capture
- 99.27%
- Downside Capture
- 101.40%
Expense Ratio
CHY has a high expense ratio of 2.64%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
CHY ranks 62 for risk / return — above 62% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Calamos Convertible and High Income Closed Fund (CHY) 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.
| CHY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.25 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 2.00 | +0.35 |
| Martin ratioReturn relative to average drawdown | 9.84 | 8.49 | +1.35 |
Dividends
Dividend History
Calamos Convertible and High Income Closed Fund provided a 9.56% dividend yield over the last twelve months, with an annual payout of $1.20 per share. The fund has been increasing its distributions for 6 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.20 | $1.20 | $1.20 | $1.20 | $1.20 | $1.20 | $1.02 | $0.99 | $1.14 | $1.20 | $1.20 | $1.20 |
Dividend yield | 9.56% | 10.61% | 9.88% | 10.46% | 11.37% | 7.42% | 7.14% | 8.72% | 12.13% | 10.13% | 11.37% | 11.42% |
Monthly Dividends
The table displays the monthly dividend distributions for Calamos Convertible and High Income Closed 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 | $0.10 | $0.60 | |||||
| 2025 | $0.00 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.20 | $1.20 |
| 2024 | $0.00 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.20 | $1.20 |
| 2023 | $0.00 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.20 | $1.20 |
| 2022 | $0.00 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.20 | $1.20 |
| 2021 | $0.00 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.20 | $1.20 |
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 and High Income Closed 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 and High Income Closed Fund was 60.53%, occurring on Nov 20, 2008. Recovery took 345 trading sessions.
The current Calamos Convertible and High Income Closed Fund drawdown is 8.06%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-60.53%Nov 2008 | 1y 5mo | 1y 4mo | 2y 10moMay 2007 - Apr 2010 | Financial crisis2007–2009 |
-50.41%Mar 2020 | 27d | 4mo 18d | 5mo 15dFeb 2020 - Aug 2020 | COVID crash2020 |
-35.99%Sep 2022 | 10mo 24d | 2y 2mo | 3y 1moNov 2021 - Dec 2024 | Bear market2022 |
-35.06%Feb 2016 | 11mo 13d | 1y 3mo | 2y 2moMar 2015 - May 2017 | — |
-34.54%Dec 2018 | 3mo 5d | 1y 1mo | 1y 4moSep 2018 - Feb 2020 | Rate-hike selloffLate 2018 |
Drawdown Indicators
| CHY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.53% | -56.78% | -3.75% |
Max Drawdown (1Y)Largest decline over 1 year | -11.42% | -9.10% | -2.32% |
Max Drawdown (3Y)Largest decline over 3 years | -24.32% | -18.90% | -5.42% |
Max Drawdown (5Y)Largest decline over 5 years | -35.99% | -25.43% | -10.56% |
Max Drawdown (10Y)Largest decline over 10 years | -50.41% | -33.92% | -16.49% |
Current DrawdownCurrent decline from peak | -8.06% | -1.58% | -6.48% |
Average DrawdownAverage peak-to-trough decline | -9.06% | -10.70% | +1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 2.14% | +0.58% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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