CMNIX's Sortino Ratio of 6.44 indicates that for each unit of downside volatility, it generates 6.44 units of excess return. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).
Unlike other measures, Sortino only focuses on downside volatility (losses), making it particularly useful for investors more concerned about protecting against drawdowns than overall price swings.
CMNIX Sortino Ratio Rank
CMNIX ranks above 97.7% of all investments in our database based on Sortino Ratio over the past 12 months, demonstrating exceptional downside-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).
What moves the rank
- Strong returns with minimal downside volatility → Higher rank
- Severe or frequent drawdowns → Lower rank
- Upside volatility → No impact (Sortino doesn't penalize upside swings)
What you can do with this information
- Suitable as a core holding given strong downside protection
- Monitor rank changes to detect weakening downside characteristics
- Exceptional risk-adjusted profile supports larger position sizes
- Compare with category peers to assess whether strength is investment-specific or category-wide
CMNIX Sortino Ratio Market Positioning
The chart shows CMNIX's Sortino Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better downside-adjusted returns.
- Red zone (bottom 25%): 2.07 or lower
- Yellow zone (middle 50%): 2.07 to 3.61
- Green zone (top 25%): 3.61 or higher
- Top 1%: 9.22+
- Median: 2.99 — half of all investments score higher
How it compares to other similar mutual funds
The table compares CMNIX's Sortino Ratio with other similar investments across multiple time periods.
Data shows available time periods plus all-time averages, as of Jun 3, 2026.
| Symbol | Name | 1Y Sortino Ratio | 5Y Sortino Ratio | 10Y Sortino Ratio | All Time Sortino Ratio |
|---|---|---|---|---|---|
| CREMX | Redwood Real Estate Income Fund | 184.50 | |||
| XILSX | Pioneer ILS Interval Fund | 83.24 | |||
| SRRIX | Stone Ridge Reinsurance Risk Premium Interval Fund | 48.60 | |||
| CBYYX | Victory Pioneer Cat Bond Fund Class Y | 30.28 | |||
| NUSIX | Navigator Ultra Short Term Bond Fund | 29.70 | |||
| FHQFX | Fidelity Series Treasury Bill Index Fund | 28.60 | |||
| PAIPX | PIMCO Short Asset Investment Fund | 26.36 | |||
| FCNVX | Fidelity Conservative Income Bond Institutional Class | 24.08 | |||
| MUIIX | Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio | 23.95 | |||
| BUBSX | Baird Ultra Short Bond Fund | 23.03 | |||
| CMNIX | Calamos Market Neutral Income Fund Institutional Class | 6.44 |
Historical Sortino Ratio
The chart shows CMNIX's rolling Sortino ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to downside risk, while declining trends may signal deteriorating risk-adjusted performance or increased volatility during market stress. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.
Identify market cycles by observing when CMNIX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.
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IHow does CMNIX fit in your portfolio?
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