- ISIN
- US1281204339
- Issuer
- Calamos
- Inception Date
- Sep 19, 2018
- Category
- Short-Term Bond
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
CSTIX Performance Chart
Calamos Short-Term Bond Fund (CSTIX) is up 0.2% since the beginning of the year. CSTIX is currently trading at $10 per share. Investors who bought $1,000 worth of CSTIX shares 5 years ago would now be looking at an investment worth $1,133.
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Returns By Period
Calamos Short-Term Bond Fund (CSTIX) has returned 0.24% so far this year and 3.72% over the past 12 months.
Calamos Short-Term Bond Fund
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 0.24%
- 6M
- 0.62%
- 1Y
- 3.72%
- 3Y*
- 4.88%
- 5Y*
- 2.53%
- 10Y*
- —
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%
CSTIX Monthly Returns History
Based on dividend-adjusted daily data since Sep 20, 2018, CSTIX's average daily return is +0.01%, while the average monthly return is +0.24%. At this rate, an investment would double in approximately 24.1 years.
Historically, 71% of months were positive and 29% were negative. The best month was Nov 2023 with a return of +1.6%, while the worst month was Mar 2020 at -2.3%. The longest winning streak lasted 17 consecutive months, and the longest losing streak was 4 months.
On a daily basis, CSTIX closed higher 29% of trading days. The best single day was Mar 31, 2020 with a return of +0.7%, while the worst single day was Mar 18, 2020 at -0.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.28% | 0.31% | -0.67% | 0.38% | 0.27% | -0.31% | 0.24% | ||||||
| 2025 | 0.49% | 0.79% | 0.38% | 0.60% | 0.28% | 0.80% | 0.08% | 1.01% | 0.27% | 0.38% | 0.59% | 0.27% | 6.11% |
| 2024 | 0.42% | -0.32% | 0.55% | -0.29% | 0.81% | 0.60% | 1.24% | 0.92% | 0.81% | -0.55% | 0.59% | 0.04% | 4.91% |
| 2023 | 1.20% | -0.71% | 1.11% | 0.21% | -0.25% | -0.04% | 0.50% | 0.41% | -0.24% | -0.32% | 1.59% | 1.23% | 4.76% |
| 2022 | -0.71% | -0.50% | -1.22% | -0.71% | 0.44% | -1.26% | 0.96% | -0.68% | -1.38% | -0.02% | 1.08% | 0.97% | -3.04% |
| 2021 | 0.10% | -0.04% | -0.15% | 0.25% | 0.24% | -0.06% | 0.23% | 0.03% | -0.07% | -0.29% | -0.20% | 0.10% | 0.13% |
Benchmark Metrics
Calamos Short-Term Bond Fund has an annualized alpha of 2.69%, beta of 0.02, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since September 20, 2018.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (8.74%) than losses (3.41%) - typical of diversified or defensive assets.
- Beta of 0.02 may look defensive, but with R2 of 0.02 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 0.02 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.69%
- Beta
- 0.02
- R²
- 0.02
- Upside Capture
- 8.74%
- Downside Capture
- 3.41%
Expense Ratio
CSTIX has an expense ratio of 0.40%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CSTIX ranks 63 for risk / return — better than 63% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Calamos Short-Term Bond Fund (CSTIX) 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.
| CSTIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.37 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | 2.78 | -0.01 |
| Martin ratioReturn relative to average drawdown | 10.92 | 12.44 | -1.52 |
Dividends
Dividend History
Calamos Short-Term Bond Fund provided a 4.20% dividend yield over the last twelve months, with an annual payout of $0.40 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.44 | $0.42 | $0.29 | $0.24 | $0.33 | $0.34 | $0.35 | $0.07 |
Dividend yield | 4.20% | 4.55% | 4.46% | 3.02% | 2.56% | 3.37% | 3.38% | 3.43% | 0.72% |
Monthly Dividends
The table displays the monthly dividend distributions for Calamos Short-Term Bond 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 | $0.04 | $0.00 | $0.03 | $0.04 | $0.04 | $0.00 | $0.14 | ||||||
| 2025 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.42 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.03 | $0.06 | $0.29 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.02 | $0.02 | $0.13 | $0.24 |
| 2021 | $0.17 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.33 |
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 Short-Term Bond 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 Short-Term Bond Fund was 6.03%, occurring on Oct 20, 2022. Recovery took 280 trading sessions.
The current Calamos Short-Term Bond Fund drawdown is 0.34%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -6.03%Oct 2022 | 1y 1mo | 1y 1mo | 2y 2moSep 2021 - Dec 2023 |
COVID crash2020 | -4.79%Mar 2020 | 15d | 2mo 18d | 3mo 3dMar 2020 - Jun 2020 |
2026 pullback2026 | -1.35%Mar 2026 | 24d | — | 3mo 23dMar 2026 - now |
2025 selloff2025 | -1.04%Apr 2025 | 7d | 19d | 26dApr 2025 - Apr 2025 |
2024 pullback2024 | -1.04%Oct 2024 | 28d | 1mo 5d | 2mo 3dOct 2024 - Dec 2024 |
Drawdown Indicators
| CSTIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.03% | -56.78% | +50.75% |
Max Drawdown (1Y)Largest decline over 1 year | -1.35% | -9.10% | +7.75% |
Max Drawdown (3Y)Largest decline over 3 years | -1.35% | -18.90% | +17.55% |
Max Drawdown (5Y)Largest decline over 5 years | -6.03% | -25.43% | +19.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.34% | -1.80% | +1.46% |
Average DrawdownAverage peak-to-trough decline | -0.89% | -10.71% | +9.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 2.03% | -1.69% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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