- ISIN
- US1281195008
- CUSIP
- 128119500
- Issuer
- Calamos
- Inception Date
- Sep 8, 1996
- Category
- Global Allocation
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
CVLOX Performance Chart
Calamos Global Opportunities Fund (CVLOX) is up 18.3% since the beginning of the year. CVLOX is currently trading at $15 per share. Investors who bought $1,000 worth of CVLOX shares 5 years ago would now be looking at an investment worth $1,640.
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Returns By Period
Calamos Global Opportunities Fund (CVLOX) has returned 18.27% so far this year and 29.53% over the past 12 months. Over the last ten years, CVLOX has returned 11.57% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Calamos Global Opportunities Fund
- 1D
- 1.54%
- 1M
- 1.52%
- YTD
- 18.27%
- 6M
- 17.72%
- 1Y
- 29.53%
- 3Y*
- 20.54%
- 5Y*
- 10.40%
- 10Y*
- 11.57%
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%
CVLOX Monthly Returns History
Based on dividend-adjusted daily data since Sep 9, 1996, CVLOX's average daily return is +0.04%, while the average monthly return is +0.74%. At this rate, an investment would double in approximately 7.8 years.
Historically, 61% of months were positive and 39% were negative. The best month was Dec 1999 with a return of +16.6%, while the worst month was Oct 2008 at -16.3%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.
On a daily basis, CVLOX closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +8.0%, while the worst single day was Dec 19, 2013 at -17.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.06% | 1.33% | -6.07% | 11.28% | 5.87% | 0.38% | 18.27% | ||||||
| 2025 | 2.39% | -1.61% | -4.82% | 2.76% | 5.95% | 5.35% | 1.13% | 0.45% | 4.62% | 1.91% | -3.19% | 0.46% | 15.84% |
| 2024 | 3.22% | 6.51% | 3.91% | -2.40% | 5.35% | 3.31% | -0.94% | 2.84% | 0.77% | -1.14% | 3.39% | -2.75% | 23.81% |
| 2023 | 5.89% | -3.13% | 3.44% | 0.30% | -0.70% | 3.95% | 1.95% | -1.53% | -4.71% | -2.15% | 7.21% | 3.30% | 13.88% |
| 2022 | -6.50% | -2.23% | 1.09% | -8.66% | -0.30% | -7.82% | 5.80% | -4.37% | -7.54% | 5.05% | 6.45% | -4.11% | -22.17% |
| 2021 | 0.82% | 3.70% | -0.79% | 3.95% | 0.59% | 0.10% | 1.01% | 3.41% | -3.77% | 6.35% | -1.97% | 1.71% | 15.72% |
Benchmark Metrics
Calamos Global Opportunities Fund has an annualized alpha of 2.80%, beta of 0.62, and R2 of 0.71 versus S&P 500 Index. Calculated based on daily prices since September 09, 1996.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (72.94%) than losses (71.89%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 2.80% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.62 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 2.80%
- Beta
- 0.62
- R²
- 0.71
- Upside Capture
- 72.94%
- Downside Capture
- 71.89%
Expense Ratio
CVLOX has a high expense ratio of 1.22%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
CVLOX ranks 53 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Calamos Global Opportunities Fund (CVLOX) 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.
| CVLOX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 2.78 | +0.17 |
| Martin ratioReturn relative to average drawdown | 10.75 | 12.44 | -1.69 |
Dividends
Dividend History
Calamos Global Opportunities Fund provided a 7.63% dividend yield over the last twelve months, with an annual payout of $1.16 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.16 | $1.17 | $0.99 | $0.06 | $0.00 | $0.69 | $0.67 | $0.11 | $0.96 | $0.57 | $0.06 | $0.11 |
Dividend yield | 7.63% | 9.10% | 8.15% | 0.61% | 0.00% | 5.71% | 6.11% | 1.28% | 12.65% | 6.04% | 0.68% | 1.28% |
Monthly Dividends
The table displays the monthly dividend distributions for Calamos Global Opportunities 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 | $0.01 | $0.01 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.15 | $1.17 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.96 | $0.99 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.06 |
| 2022 | $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 |
| 2021 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.66 | $0.69 |
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 Global Opportunities 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 Global Opportunities Fund was 46.61%, occurring on Nov 20, 2008. Recovery took 610 trading sessions.
The current Calamos Global Opportunities Fund drawdown is 0.80%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -46.61%Nov 2008 | 1y 20d | 2y 5mo | 3y 5moNov 2007 - Apr 2011 |
Bear market2022 | -29.97%Oct 2022 | 11mo 9d | 1y 7mo | 2y 6moNov 2021 - May 2024 |
COVID crash2020 | -28.29%Mar 2020 | 1mo 2d | 2mo 14d | 3mo 16dFeb 2020 - Jun 2020 |
Dot-com crash2000–2002 | -27.25%Oct 2002 | 2y 7mo | 1y 4mo | 3y 11moMar 2000 - Feb 2004 |
2016 bear market2016 | -22.93%Feb 2016 | 2y 3mo | 1y 8mo | 3y 11moOct 2013 - Oct 2017 |
Drawdown Indicators
| CVLOX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.61% | -56.78% | +10.17% |
Max Drawdown (1Y)Largest decline over 1 year | -9.85% | -9.10% | -0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -15.16% | -18.90% | +3.74% |
Max Drawdown (5Y)Largest decline over 5 years | -29.97% | -25.43% | -4.54% |
Max Drawdown (10Y)Largest decline over 10 years | -29.97% | -33.92% | +3.95% |
Current DrawdownCurrent decline from peak | -0.80% | -1.80% | +1.00% |
Average DrawdownAverage peak-to-trough decline | -8.98% | -10.71% | +1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 2.03% | +0.67% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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