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Calamos Hedged Equity Fund (CIHEX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 5, 2026

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).

Looking to diversify beyond CIHEX? The mutual funds below have the lowest correlation with CIHEX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CIHEX.

Best Diversifiers for CIHEX

3 mutual funds have low correlation with CIHEX (below 0.3), 0 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CAPIX
Calamos Aksia Alternative Credit and Income Fund C...0.10——
98
Bank LoanCIHEX vs CAPIX
PPFIX
Princeton Premium Fund0.170.140.17
100
Options TradingCIHEX vs PPFIX
CSTIX
Calamos Short-Term Bond Fund0.270.170.18
66
Short-Term BondCIHEX vs CSTIX
HRSTX
Rational Tactical Return Fund0.510.360.25
80
Options TradingCIHEX vs HRSTX
CHYDX
Calamos High Income Opportunities Fund0.600.550.56
88
High Yield BondsCIHEX vs CHYDX
See all 33 diversifiers for CIHEX

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