Calamos Convertible Equity Alternative ETF (CVRT)
CVRT is an actively managed ETF by Calamos. CVRT launched on Oct 4, 2023 and has a 0.69% expense ratio.
ETF Info
| Issuer | Calamos |
|---|---|
| Inception Date | Oct 4, 2023 |
| Region | North America (U.S.) |
| Category | Convertible Bonds |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Asset Class | Bond |
Expense Ratio
CVRT features an expense ratio of 0.69%, falling within the medium range.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: CVRT vs. FCVT, CVRT vs. ICVT, CVRT vs. JEPQ, CVRT vs. VOO, CVRT vs. VFIAX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Calamos Convertible Equity Alternative ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Calamos Convertible Equity Alternative ETF had a return of 8.92% year-to-date (YTD) and 24.65% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 8.92% | 21.24% |
| 1 month | 1.57% | 0.55% |
| 6 months | 7.27% | 11.47% |
| 1 year | 24.65% | 32.45% |
| 5 years (annualized) | N/A | 13.43% |
| 10 years (annualized) | N/A | 11.05% |
Monthly Returns
The table below presents the monthly returns of CVRT, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -2.06% | 3.17% | 2.43% | -5.55% | 3.33% | 0.24% | 1.68% | 1.90% | 2.22% | 0.49% | 8.92% | ||
| 2023 | -5.45% | 9.98% | 6.75% | 11.02% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of CVRT is 47, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Calamos Convertible Equity Alternative ETF (CVRT) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Calamos Convertible Equity Alternative ETF provided a 1.59% dividend yield over the last twelve months, with an annual payout of $0.46 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $0.46 | $0.09 |
Dividend yield | 1.59% | 0.32% |
Monthly Dividends
The table displays the monthly dividend distributions for Calamos Convertible Equity Alternative ETF. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.03 | $0.06 | $0.03 | $0.05 | $0.07 | $0.06 | $0.05 | $0.00 | $0.03 | $0.37 | |
| 2023 | $0.09 | $0.09 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Calamos Convertible Equity Alternative ETF. 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 Convertible Equity Alternative ETF was 9.42%, occurring on Aug 5, 2024. Recovery took 32 trading sessions.
The current Calamos Convertible Equity Alternative ETF drawdown is 1.16%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -9.42% | Jul 17, 2024 | 14 | Aug 5, 2024 | 32 | Sep 19, 2024 | 46 |
| -8.52% | Oct 12, 2023 | 13 | Oct 30, 2023 | 21 | Nov 29, 2023 | 34 |
| -7.97% | Mar 28, 2024 | 16 | Apr 19, 2024 | 59 | Jul 16, 2024 | 75 |
| -6.24% | Feb 13, 2024 | 6 | Feb 21, 2024 | 8 | Mar 4, 2024 | 14 |
| -5.02% | Dec 27, 2023 | 6 | Jan 4, 2024 | 25 | Feb 9, 2024 | 31 |
Volatility
Volatility Chart
The current Calamos Convertible Equity Alternative ETF volatility is 2.66%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.