- ISIN
- US1281198648
- Issuer
- Calamos
- Inception Date
- Jun 25, 1997
- Category
- Convertible Bonds
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
CICVX Performance Chart
Calamos Convertible Fund (CICVX) is up 17.7% since the beginning of the year. CICVX is currently trading at $23 per share. Investors who bought $1,000 worth of CICVX shares 5 years ago would now be looking at an investment worth $1,369.
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Returns By Period
Calamos Convertible Fund (CICVX) has returned 17.72% so far this year and 29.56% over the past 12 months. Over the last ten years, CICVX has returned 11.45% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Calamos Convertible Fund
- 1D
- 3.16%
- 1M
- -3.18%
- 6M
- 11.47%
- YTD
- 17.72%
- 1Y
- 29.56%
- 3Y*
- 15.73%
- 5Y*
- 6.49%
- 10Y*
- 11.45%
- ALL TIME*
- 4.28%
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%
CICVX Monthly Returns History
Based on dividend-adjusted daily data since Jun 25, 1997, CICVX's average daily return is +0.02%, while the average monthly return is +0.42%. At this rate, an investment would double in approximately 13.8 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% | -3.54% | 12.09% | 6.64% | 1.70% | -6.05% | 17.72% | |||||
| 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 0.02%, beta of 0.55, and R2 of 0.66 versus S&P 500 Index. Calculated based on daily prices since June 25, 1997.
- This fund participated in 70.01% of S&P 500 Index downside but only 58.07% 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
- 0.02%
- Beta
- 0.55
- R²
- 0.66
- Upside Capture
- 58.07%
- Downside Capture
- 70.01%
Expense Ratio
CICVX has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CICVX ranks 67 for risk / return — above 67% 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 Fund (CICVX) 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.
| CICVX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.25 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 2.00 | +0.72 |
| Martin ratioReturn relative to average drawdown | 10.26 | 8.49 | +1.77 |
Dividends
Dividend History
Calamos Convertible Fund provided a 10.59% dividend yield over the last twelve months, with an annual payout of $2.42 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.42 | $2.43 | $0.34 | $0.42 | $0.15 | $3.19 | $1.72 | $0.22 | $2.29 | $0.72 | $0.50 | $0.78 |
Dividend yield | 10.59% | 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 | $0.00 | $0.00 | $0.03 | $0.00 | $0.04 | |||||
| 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 7.31%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-49.33%Nov 2008 | 8y 8mo | 10y 7mo | 19y 3moMar 2000 - Jul 2019 | Financial crisis2007–2009 |
-27.17%Oct 2022 | 11mo 9d | 2y 9mo | 3y 8moNov 2021 - Jul 2025 | Bear market2022 |
-25.73%Mar 2020 | 1mo 2d | 2mo 7d | 3mo 9dFeb 2020 - May 2020 | COVID crash2020 |
-19.53%Oct 1998 | 2mo 19d | 8mo 18d | 11mo 7dJul 1998 - Jun 1999 | — |
-10.48%Jan 1998 | 3mo 6d | 1mo 29d | 5mo 5dOct 1997 - Mar 1998 | — |
Drawdown Indicators
| CICVX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.33% | -56.78% | +7.45% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -9.10% | -1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -14.79% | -18.90% | +4.11% |
Max Drawdown (5Y)Largest decline over 5 years | -27.17% | -25.43% | -1.74% |
Max Drawdown (10Y)Largest decline over 10 years | -27.17% | -33.92% | +6.75% |
Current DrawdownCurrent decline from peak | -7.31% | -1.58% | -5.73% |
Average DrawdownAverage peak-to-trough decline | -17.40% | -10.70% | -6.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 2.14% | +0.55% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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