Calamos Convertible and High Income Closed Fund (CHY) 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 CHY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CHY
CHY charges 2.64% annually. There are 14 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 | CHY vs CNSDX | |
| Virtus Convertible Fund | 0.71% | — | Apr 1993 | CHY vs ANNPX | |
| Advent Convertible and Income Fund | 0.75% | — | Apr 2003 | CHY vs AVK | |
| Lord Abbett Convertible Fund Class F3 | 0.82% | — | Jun 2003 | CHY vs LOCFX | |
| Franklin Convertible Securities Fund | 0.83% | — | Apr 1987 | CHY vs FISCX |
Best Risk-Adjusted Alternatives to CHY
CHY has a PortfoliosLab risk / return rank of 77. There are 9 mutual funds in the Convertible Bonds category with higher risk-adjusted ranks, going as high as 92.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Virtus Convertible Fund | 92 | — | Apr 1993 | CHY vs ANNPX | |
| Columbia Convertible Securities Fund | 89 | — | Sep 1987 | CHY vs PACIX | |
| Harbor Convertible Securities Fund | 88 | — | May 2011 | CHY vs HICSX | |
| Calamos Global Convertible Fund | 87 | — | Dec 2014 | CHY vs CXGCX | |
| Lord Abbett Convertible Fund Class F3 | 82 | — | Jun 2003 | CHY vs LOCFX |
Top Performing CHY Alternatives (YTD)
CHY is at 22.15% YTD. There are 5 mutual funds in the Convertible Bonds category with higher YTD returns, going as high as 29.12%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Convertible Opportunities and Income Fund | 29.12% | — | Jun 1997 | CHY vs CHI | |
| Columbia Convertible Securities Fund | 24.56% | — | Sep 1987 | CHY vs PACIX | |
| Invesco Convertible Securities Fund | 23.81% | — | Jul 1997 | CHY vs CNSDX | |
| Putnam Convertible Securities Fund | 23.04% | — | Jun 1972 | CHY vs PCONX | |
| Harbor Convertible Securities Fund | 22.34% | — | May 2011 | CHY vs HICSX |
Lowest Volatility Alternatives to CHY
CHY has 16.41% 1-year volatility. There are 11 mutual funds in the Convertible Bonds category with lower 1-year volatility, going as low as 5.31%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Miller Convertible Bond Fund | 5.31% | — | Dec 2007 | CHY vs MCIFX | |
| Rational/Pier 88 Convertible Securities Fund | 7.26% | — | Dec 2019 | CHY vs PBXIX | |
| Calamos Global Convertible Fund | 10.61% | — | Dec 2014 | CHY vs CXGCX | |
| Franklin Convertible Securities Fund | 11.03% | — | Apr 1987 | CHY vs FISCX | |
| Advent Convertible and Income Fund | 14.28% | — | Apr 2003 | CHY vs AVK |
Lowest Drawdown Alternatives to CHY
CHY has a 1-year max drawdown of -11.42%. There are 12 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 | CHY vs MCIFX | |
| Rational/Pier 88 Convertible Securities Fund | -5.16% | — | Dec 2019 | CHY vs PBXIX | |
| Calamos Global Convertible Fund | -5.75% | — | Dec 2014 | CHY vs CXGCX | |
| Franklin Convertible Securities Fund | -6.38% | — | Apr 1987 | CHY vs FISCX | |
| Harbor Convertible Securities Fund | -6.92% | — | May 2011 | CHY 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 | 2.83% | — | May 2000 | CHY vs CMNIX | ||
| Calamos Strategic Total Return Fund | Diversified Portfolio | 30 | 9.07% | — | Mar 2004 | CHY vs CSQ | |
| Calamos Timpani Small Cap Growth Fund | Small Cap Growth Equities | 79 | 37.63% | — | Mar 2011 | CHY vs CTSIX | |
| Calamos Phineus Long/Short Fund | Long-Short | 4 | -0.59% | — | Apr 2016 | CHY vs CPLIX | |
| Calamos Growth and Income Fund | Diversified Portfolio | 66 | 11.18% | — | Sep 1988 | CHY vs CVTRX | |
| Calamos Hedged Equity Fund | Options Trading | 71 | 5.21% | — | Dec 2014 | CHY vs CIHEX | |
| Calamos Global Equity Fund | Global Equities | 47 | 22.14% | — | Feb 2007 | CHY vs CIGEX | |
| Calamos High Income Opportunities Fund | High Yield Bonds | 88 | 2.03% | — | Aug 1999 | CHY vs CHYDX | |
| Calamos Evolving World Growth Fund Class I | Emerging Markets Equities | 83 | 51.83% | — | — | CHY vs CNWIX | |
| Calamos Convertible Fund | Preferred Stock/Convertible Bonds | 90 | 26.74% | — | Jun 1997 | CHY vs CICVX |
Often Compared With CHY
Investors most often compare CHY with CCVIX, BINC, SMH. These 20 comparison targets span 16 categories, based on PortfoliosLab usage data.
Compare CHY with Any Fund or Stock
Compare CHY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CHY with funds that move differently
Calamos Convertible and High Income Closed Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CHY.
Explore CHY Diversifiers