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 27 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 | CHY vs FIQVX | |
| Fidelity Convertible Securities Fund | 0.67% | — | Jan 1987 | CHY vs FCVSX | |
| Invesco Convertible Securities Fund | 0.68% | — | Jul 1997 | CHY vs CNSDX | |
| Fidelity Advisor Convertible Securities Fund Class... | 0.70% | — | Feb 2009 | CHY vs FICVX | |
| Virtus Convertible Fund | 0.71% | — | Apr 1993 | CHY vs ANNPX |
Best Risk-Adjusted Alternatives to CHY
CHY has a PortfoliosLab risk / return rank of 68. There are 10 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 | CHY vs ARBIX | |
| Miller Convertible Bond Fund | 92 | — | Dec 2007 | CHY vs MCIFX | |
| Calamos Global Convertible Fund | 85 | — | Dec 2014 | CHY vs CXGCX | |
| Calamos Convertible Opportunities and Income Fund | 82 | — | Jun 1997 | CHY vs CHI | |
| Virtus Convertible Fund | 78 | — | Apr 1993 | CHY vs ANNPX |
Top Performing CHY Alternatives (YTD)
CHY is at 16.46% YTD. There are 4 mutual funds in the Convertible Bonds category with higher YTD returns, going as high as 25.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Convertible Opportunities and Income Fund | 25.35% | — | Jun 1997 | CHY vs CHI | |
| Calamos Convertible Fund | 17.72% | — | Jun 1997 | CHY vs CICVX | |
| Calamos Convertible Fund | 17.57% | — | Jun 1985 | CHY vs CCVIX | |
| Columbia Convertible Securities Fund | 16.64% | — | Sep 1987 | CHY vs PACIX | |
| Invesco Convertible Securities Fund | 14.61% | — | Jul 1997 | CHY vs CNSDX |
Lowest Volatility Alternatives to CHY
CHY has 17.45% 1-year volatility. There are 23 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 | CHY vs ARBIX | |
| Miller Convertible Bond Fund | 5.37% | — | Dec 2007 | CHY vs MCIFX | |
| Victory INCORE Investment Grade Convertible Fund C... | 6.42% | — | — | CHY vs SBFCX | |
| Lazard Enhanced Opportunities Portfolio Open Share... | 6.60% | — | Dec 2014 | CHY vs LEOOX | |
| Rational/Pier 88 Convertible Securities Fund | 7.20% | — | Dec 2019 | CHY vs PBXIX |
Lowest Drawdown Alternatives to CHY
CHY has a 1-year max drawdown of -11.42%. There are 20 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 | CHY vs ARBIX | |
| Lazard Enhanced Opportunities Portfolio Open Share... | -3.97% | — | Dec 2014 | CHY vs LEOOX | |
| Victory INCORE Investment Grade Convertible Fund C... | -4.28% | — | — | CHY vs SBFCX | |
| Miller Convertible Bond Fund | -4.53% | — | Dec 2007 | CHY vs MCIFX | |
| Rational/Pier 88 Convertible Securities Fund | -5.16% | — | Dec 2019 | CHY 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 | CHY vs CMNIX | ||
| Calamos Strategic Total Return Fund | Diversified Portfolio | 34 | 9.03% | — | Mar 2004 | CHY vs CSQ | |
| Calamos Timpani Small Cap Growth Fund | Small Cap Growth Equities | 55 | 19.41% | — | Mar 2011 | CHY vs CTSIX | |
| Calamos Phineus Long/Short Fund | Long-Short | 7 | 3.50% | — | Apr 2016 | CHY vs CPLIX | |
| Calamos Growth and Income Fund | Diversified Portfolio | 55 | 9.24% | — | Sep 1988 | CHY vs CVTRX | |
| Calamos Hedged Equity Fund | Options Trading | 74 | 5.57% | — | Dec 2014 | CHY vs CIHEX | |
| Calamos International Growth Fund | Foreign Large Cap Equities | 29 | 16.59% | — | Mar 2005 | CHY vs CIGIX | |
| Calamos Global Equity Fund | Global Equities | 25 | 12.12% | — | Feb 2007 | CHY vs CIGEX | |
| Calamos High Income Opportunities Fund | High Yield Bonds | 90 | 2.15% | — | Aug 1999 | CHY vs CHYDX | |
| Calamos Evolving World Growth Fund Class I | Emerging Markets Equities | 32 | 21.73% | — | — | CHY vs CNWIX |
Often Compared With CHY
Investors most often compare CHY with BINC, SMH, ISPY. These 20 comparison targets span 13 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