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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Calamos Convertible Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Calamos Convertible Fund (CICVX) has returned 0.23% so far this year and 23.96% over the past 12 months. Over the last ten years, CICVX has returned 10.31% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.
Calamos Convertible Fund
- 1D
- -1.77%
- 1M
- -6.19%
- YTD
- 0.23%
- 6M
- 1.71%
- 1Y
- 23.96%
- 3Y*
- 12.12%
- 5Y*
- 3.59%
- 10Y*
- 10.31%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jun 25, 1997, CICVX's average daily return is +0.02%, while the average monthly return is +0.37%. At this rate, your investment would double in approximately 15.6 years.
Historically, 57% of months were positive and 43% were negative. The best month was Apr 2020 with a return of +13.3%, while the worst month was Nov 2000 at -17.3%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 5 months.
On a daily basis, CICVX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +5.5%, while the worst single day was Nov 8, 2000 at -14.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.61% | 1.17% | -6.19% | 0.23% | |||||||||
| 2025 | 3.59% | -3.15% | -4.07% | 1.70% | 3.78% | 5.83% | 1.93% | 1.45% | 5.52% | 4.11% | -1.66% | -0.88% | 19.03% |
| 2024 | -0.94% | 1.31% | 2.20% | -2.81% | 1.42% | 2.26% | 0.51% | 1.08% | 2.25% | 0.77% | 6.29% | -4.42% | 9.94% |
| 2023 | 4.77% | -1.94% | 0.50% | -1.73% | 0.50% | 5.20% | 2.80% | -3.13% | -2.26% | -4.72% | 5.98% | 5.23% | 10.95% |
| 2022 | -7.32% | -0.48% | 0.65% | -7.18% | -3.41% | -6.70% | 6.10% | -0.06% | -6.61% | 3.24% | 2.64% | -3.08% | -21.02% |
| 2021 | 0.95% | 4.11% | -3.39% | 2.62% | -1.82% | 1.85% | -0.35% | 1.78% | -1.22% | 2.94% | -2.64% | 0.71% | 5.36% |
Benchmark Metrics
Calamos Convertible Fund has an annualized alpha of -0.23%, beta of 0.55, and R² of 0.67 versus S&P 500 Index. Calculated based on daily prices since June 26, 1997.
- This fund participated in 69.75% of S&P 500 Index downside but only 56.87% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.55 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -0.23%
- Beta
- 0.55
- R²
- 0.67
- Upside Capture
- 56.87%
- Downside Capture
- 69.75%
Expense Ratio
CICVX has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CICVX ranks 83 for risk / return — in the top 83% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Calamos Convertible Fund (CICVX) and compare them to a chosen benchmark (S&P 500 Index).
| CICVX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.54 | 0.90 | +0.64 |
Sortino ratioReturn per unit of downside risk | 2.10 | 1.39 | +0.72 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.21 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.73 | 1.40 | +1.33 |
Martin ratioReturn relative to average drawdown | 9.81 | 6.61 | +3.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore CICVX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Calamos Convertible Fund provided a 12.57% dividend yield over the last twelve months, with an annual payout of $2.45 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.45 | $2.43 | $0.34 | $0.42 | $0.15 | $3.19 | $1.72 | $0.22 | $2.29 | $0.72 | $0.50 | $0.78 |
Dividend yield | 12.57% | 12.51% | 1.83% | 2.48% | 0.94% | 15.90% | 7.74% | 1.39% | 16.75% | 4.55% | 3.43% | 5.41% |
Monthly Dividends
The table displays the monthly dividend distributions for Calamos Convertible 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 | $0.00 | $0.02 | $0.02 | |||||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $2.33 | $2.43 |
| 2024 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.21 | $0.34 |
| 2023 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.32 | $0.42 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.11 | $0.15 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.19 | $3.19 |
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 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 Fund was 49.33%, occurring on Nov 20, 2008. Recovery took 2668 trading sessions.
The current Calamos Convertible Fund drawdown is 7.70%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -49.33% | Mar 10, 2000 | 2189 | Nov 20, 2008 | 2668 | Jul 1, 2019 | 4857 |
| -27.17% | Nov 9, 2021 | 235 | Oct 14, 2022 | 684 | Jul 10, 2025 | 919 |
| -25.73% | Feb 20, 2020 | 23 | Mar 23, 2020 | 47 | May 29, 2020 | 70 |
| -19.53% | Jul 21, 1998 | 57 | Oct 8, 1998 | 177 | Jun 23, 1999 | 234 |
| -10.48% | Oct 8, 1997 | 66 | Jan 12, 1998 | 41 | Mar 12, 1998 | 107 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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