- ISIN
- US1281206318
- Issuer
- Calamos
- Inception Date
- Apr 4, 2016
- Category
- Long-Short
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
CPLIX Performance Chart
Calamos Phineus Long/Short Fund (CPLIX) is down 0.1% since the beginning of the year. CPLIX is currently trading at $17 per share. Investors who bought $1,000 worth of CPLIX shares 5 years ago would now be looking at an investment worth $1,225.
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Returns By Period
Calamos Phineus Long/Short Fund (CPLIX) has returned -0.12% so far this year and 1.90% over the past 12 months. Over the last ten years, CPLIX has returned 7.42% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Calamos Phineus Long/Short Fund
- 1D
- -0.47%
- 1M
- 2.68%
- YTD
- -0.12%
- 6M
- -0.47%
- 1Y
- 1.90%
- 3Y*
- 6.45%
- 5Y*
- 4.15%
- 10Y*
- 7.42%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
CPLIX Monthly Returns History
Based on dividend-adjusted daily data since Apr 5, 2016, CPLIX's average daily return is +0.03%, while the average monthly return is +0.65%. At this rate, an investment would double in approximately 8.9 years.
Historically, 56% of months were positive and 44% were negative. The best month was Nov 2020 with a return of +19.3%, while the worst month was Mar 2020 at -8.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, CPLIX closed higher 48% of trading days. The best single day was Nov 10, 2020 with a return of +11.4%, while the worst single day was Mar 16, 2020 at -11.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.89% | -0.18% | -4.24% | 2.77% | 0.66% | 0.12% | -0.12% | ||||||
| 2025 | 3.95% | -2.26% | -0.67% | 1.04% | 4.18% | 3.49% | 0.90% | 1.22% | -0.82% | -2.27% | -0.85% | 1.84% | 9.89% |
| 2024 | 2.07% | 0.86% | 2.81% | 1.25% | -0.12% | -0.88% | 1.54% | 0.06% | -0.29% | 1.05% | 0.58% | -0.32% | 8.89% |
| 2023 | 6.40% | -1.07% | -2.91% | 0.91% | -1.29% | 5.50% | 0.50% | -2.59% | -1.40% | -2.51% | 3.96% | 2.83% | 8.04% |
| 2022 | 7.39% | 0.86% | -0.85% | -3.93% | -0.19% | -7.24% | 4.56% | -1.52% | -5.97% | 5.71% | 5.67% | -4.12% | -0.96% |
| 2021 | -5.89% | 13.42% | 5.39% | 2.90% | 0.86% | -4.74% | -1.85% | 1.11% | 1.35% | -0.82% | -5.63% | 2.71% | 7.52% |
Benchmark Metrics
Calamos Phineus Long/Short Fund has an annualized alpha of 0.60%, beta of 0.54, and R2 of 0.40 versus S&P 500 Index. Calculated based on daily prices since April 05, 2016.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (37.98%) than losses (36.65%) - typical of diversified or defensive assets.
- Beta of 0.54 may look defensive, but with R2 of 0.40 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.40 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 0.60%
- Beta
- 0.54
- R²
- 0.40
- Upside Capture
- 37.98%
- Downside Capture
- 36.65%
Expense Ratio
CPLIX has a high expense ratio of 1.38%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
CPLIX ranks 4 for risk / return — in the bottom 4% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Calamos Phineus Long/Short Fund (CPLIX) 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.
| CPLIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.43 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.37 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 2.78 | -2.60 |
| Martin ratioReturn relative to average drawdown | 0.43 | 12.44 | -12.01 |
Dividends
Dividend History
Calamos Phineus Long/Short Fund provided a 5.53% dividend yield over the last twelve months, with an annual payout of $0.93 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.93 | $0.93 | $1.12 | $0.30 | $0.01 | $0.00 | $0.00 | $0.05 | $0.44 | $0.15 | $0.10 |
Dividend yield | 5.53% | 5.52% | 6.90% | 1.86% | 0.03% | 0.00% | 0.00% | 0.43% | 3.88% | 1.21% | 0.85% |
Monthly Dividends
The table displays the monthly dividend distributions for Calamos Phineus Long/Short 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.93 | $0.93 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.12 | $1.12 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.30 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
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 Phineus Long/Short 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 Phineus Long/Short Fund was 33.71%, occurring on Mar 18, 2020. Recovery took 54 trading sessions.
The current Calamos Phineus Long/Short Fund drawdown is 4.48%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -33.71%Mar 2020 | 2y 6d | 2mo 18d | 2y 2moMar 2018 - Jun 2020 |
Bear market2022 | -18.28%Sep 2022 | 7mo 11d | 1y 6mo | 2y 1moFeb 2022 - Mar 2024 |
2020 correction2020 | -16.36%Oct 2020 | 4mo 21d | 13d | 5mo 4dJun 2020 - Nov 2020 |
2021 correction2021 | -12.85%Dec 2021 | 6mo 1d | 2mo 9d | 8mo 10dJun 2021 - Feb 2022 |
2016 correction2016 | -11.09%Jul 2016 | 2mo 12d | 2mo 4d | 4mo 16dApr 2016 - Sep 2016 |
Drawdown Indicators
| CPLIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.71% | -56.78% | +23.07% |
Max Drawdown (1Y)Largest decline over 1 year | -8.73% | -9.10% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -8.73% | -18.90% | +10.17% |
Max Drawdown (5Y)Largest decline over 5 years | -18.28% | -25.43% | +7.15% |
Max Drawdown (10Y)Largest decline over 10 years | -33.71% | -33.92% | +0.21% |
Current DrawdownCurrent decline from peak | -4.48% | -1.80% | -2.68% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -10.71% | +6.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 2.03% | +1.69% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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