Calamos Convertible Equity Alternative ETF (CVRT)

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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.

Calamos Convertible Equity Alternative ETF (CVRT) has returned 9.28% so far this year and 47.99% over the past 12 months.

Based on dividend-adjusted daily data since Oct 4, 2023, CVRT's average daily return is +0.10%, while the average monthly return is +2.05%. At this rate, your investment would double in approximately 2.8 years.

Historically, 73% of months were positive and 27% were negative. The best month was Nov 2024 with a return of +14.0%, while the worst month was Dec 2024 at -7.8%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 2 months.

On a daily basis, CVRT closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +8.2%, while the worst single day was Apr 3, 2025 at -5.1%.

Calamos Convertible Equity Alternative ETF has an annualized alpha of 6.83%, beta of 1.01, and R² of 0.63 versus S&P 500 Index. Calculated based on daily prices since October 05, 2023.

• This ETF captured 132.58% of S&P 500 Index gains and 107.32% of its losses — amplifying both gains and losses, but participating more in upside than downside.
• This ETF generated an annualized alpha of 6.83% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
• With beta of 1.01 and R² of 0.63, this ETF moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

CVRT has an expense ratio of 0.69%, placing it in the medium range.

CVRT ranks 93 for risk / return — in the top 93% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Calamos Convertible Equity Alternative ETF (CVRT) and compare them to a chosen benchmark (S&P 500 Index).

Calamos Convertible Equity Alternative ETF provided a 1.59% dividend yield over the last twelve months, with an annual payout of $0.66 per share. The fund has been increasing its distributions for 2 consecutive years.

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.

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.

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 20.71%, occurring on Apr 8, 2025. Recovery took 62 trading sessions.

The current Calamos Convertible Equity Alternative ETF drawdown is 5.08%.

The chart below shows the rolling one-month volatility.