Calamos Hedged Equity Fund (CIHEX)
The fund seeks to achieve total return with lower volatility than equity markets. Under normal circumstances, it invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities and securities with economic characteristics similar to stock or the equity markets. The fund may write call options (i) on a portion of the equity securities in the fund's portfolio and (ii) on broad-based securities indexes (such as the S&P 500 or MSCI EAFE) or ETFs (exchange traded funds).
Fund Info
US1281206722
Dec 30, 2014
$1,000,000
Expense Ratio
CIHEX has an expense ratio of 0.91%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Calamos Hedged Equity Fund (CIHEX) returned 1.24% year-to-date (YTD) and 9.39% over the past 12 months. Over the past 10 years, CIHEX returned 6.55% annually, underperforming the S&P 500 benchmark at 10.84%.
CIHEX
1.24%
3.67%
0.42%
9.39%
9.35%
8.56%
6.55%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of CIHEX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.73% | -0.68% | -3.18% | -0.18% | 3.67% | 1.24% | |||||||
| 2024 | 0.93% | 2.95% | 1.94% | -2.00% | 2.49% | 2.24% | 0.97% | 1.75% | 1.63% | -0.64% | 2.99% | -1.09% | 14.95% |
| 2023 | 3.20% | -1.11% | 2.34% | 1.24% | 0.50% | 3.61% | 1.25% | -0.68% | -2.23% | -0.78% | 4.90% | 2.85% | 15.88% |
| 2022 | -2.15% | -2.20% | 1.05% | -5.14% | -0.44% | -5.00% | 4.64% | -2.07% | -4.82% | 4.05% | 3.51% | -2.48% | -11.11% |
| 2021 | -1.06% | 2.07% | 2.48% | 2.05% | 0.65% | 0.92% | 0.92% | 1.61% | -2.28% | 3.53% | -0.55% | 2.38% | 13.31% |
| 2020 | 0.08% | -3.69% | -5.88% | 6.99% | 1.78% | 1.79% | 1.64% | 3.31% | -1.55% | -1.83% | 5.59% | 1.78% | 9.67% |
| 2019 | 4.10% | 1.25% | 0.93% | 1.84% | -2.67% | 2.94% | 0.69% | -0.34% | 0.66% | 1.37% | 1.52% | 1.46% | 14.47% |
| 2018 | 4.37% | -0.17% | -0.67% | 0.09% | 0.97% | -0.18% | 1.84% | 1.46% | -0.15% | -2.72% | 0.87% | -6.75% | -1.44% |
| 2017 | 0.69% | 2.23% | 0.13% | 0.38% | 0.47% | 0.32% | 0.75% | 0.09% | 0.64% | 0.84% | 1.20% | 0.33% | 8.37% |
| 2016 | -3.06% | -0.32% | 3.22% | 0.31% | 1.02% | 0.26% | 1.62% | 0.10% | 0.38% | -0.30% | 1.29% | 0.92% | 5.46% |
| 2015 | -2.80% | 3.40% | -1.10% | 1.01% | 1.20% | -0.80% | 0.90% | -3.16% | -2.06% | 4.60% | 0.20% | -1.21% | -0.13% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of CIHEX is 73, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Calamos Hedged Equity Fund (CIHEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Calamos Hedged Equity Fund provided a 0.45% dividend yield over the last twelve months, with an annual payout of $0.08 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.08 | $0.08 | $0.10 | $0.10 | $0.07 | $0.14 | $0.12 | $0.34 | $0.09 | $0.13 | $0.26 |
Dividend yield | 0.45% | 0.46% | 0.68% | 0.73% | 0.44% | 1.03% | 0.99% | 3.15% | 0.85% | 1.29% | 2.60% |
Monthly Dividends
The table displays the monthly dividend distributions for Calamos Hedged Equity 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.05 | $0.08 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.06 | $0.10 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.07 | $0.10 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.04 | $0.07 |
| 2020 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.06 | $0.14 |
| 2019 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.06 | $0.12 |
| 2018 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.28 | $0.34 |
| 2017 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.09 |
| 2016 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.13 |
| 2015 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.18 | $0.26 |
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 Hedged Equity 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 Hedged Equity Fund was 17.80%, occurring on Mar 23, 2020. Recovery took 93 trading sessions.
The current Calamos Hedged Equity Fund drawdown is 1.33%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.8% | Feb 20, 2020 | 23 | Mar 23, 2020 | 93 | Aug 4, 2020 | 116 |
| -15.76% | Jan 5, 2022 | 186 | Sep 30, 2022 | 294 | Dec 1, 2023 | 480 |
| -10.31% | Aug 30, 2018 | 80 | Dec 24, 2018 | 137 | Jul 12, 2019 | 217 |
| -9.78% | Feb 20, 2025 | 34 | Apr 8, 2025 | — | — | — |
| -8.53% | Jul 21, 2015 | 143 | Feb 11, 2016 | 104 | Jul 12, 2016 | 247 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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