- ISIN
- US1281207225
- Issuer
- Calamos
- Inception Date
- Dec 30, 2014
- Category
- Convertible Bonds
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
CXGCX Performance Chart
Calamos Global Convertible Fund (CXGCX) is up 16.0% since the beginning of the year. CXGCX is currently trading at $16 per share. Investors who bought $1,000 worth of CXGCX shares 5 years ago would now be looking at an investment worth $1,318.
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Returns By Period
Calamos Global Convertible Fund (CXGCX) has returned 15.99% so far this year and 28.66% over the past 12 months. Over the last ten years, CXGCX has returned 9.32% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Calamos Global Convertible Fund
- 1D
- 0.38%
- 1M
- 2.52%
- YTD
- 15.99%
- 6M
- 14.82%
- 1Y
- 28.66%
- 3Y*
- 16.84%
- 5Y*
- 5.68%
- 10Y*
- 9.32%
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%
CXGCX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2015, CXGCX's average daily return is +0.03%, while the average monthly return is +0.70%. At this rate, an investment would double in approximately 8.3 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2020 with a return of +9.6%, while the worst month was Mar 2020 at -8.7%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 8 months.
On a daily basis, CXGCX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +3.3%, while the worst single day was Mar 16, 2020 at -4.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.98% | 0.85% | -3.22% | 8.89% | 4.91% | 1.03% | 15.99% | ||||||
| 2025 | 3.11% | -0.24% | -1.03% | 0.88% | 2.95% | 3.21% | 1.12% | 3.11% | 4.46% | 0.90% | -1.91% | 0.74% | 18.49% |
| 2024 | -0.27% | 2.27% | 2.40% | -2.95% | 1.79% | 0.53% | 2.10% | 1.03% | 3.48% | -1.07% | 3.56% | -2.16% | 10.98% |
| 2023 | 6.26% | -2.12% | 1.08% | -0.68% | 0.10% | 4.33% | 3.02% | -2.38% | -1.77% | -4.02% | 5.28% | 4.26% | 13.48% |
| 2022 | -5.68% | -1.53% | -0.52% | -6.83% | -3.34% | -6.63% | 3.81% | -0.59% | -5.68% | 1.48% | 3.13% | -1.52% | -22.06% |
| 2021 | 0.49% | 3.59% | -3.43% | 1.73% | -1.02% | 1.85% | -0.87% | 1.56% | -2.15% | 1.64% | -2.89% | -0.53% | -0.31% |
Benchmark Metrics
Calamos Global Convertible Fund has an annualized alpha of 2.83%, beta of 0.43, and R2 of 0.66 versus S&P 500 Index. Calculated based on daily prices since January 02, 2015.
- This fund participated in 54.37% of S&P 500 Index downside but only 52.63% of its upside - more exposed to losses than it benefited from rallies.
- This fund generated an annualized alpha of 2.83% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.43 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
- 2.83%
- Beta
- 0.43
- R²
- 0.66
- Upside Capture
- 52.63%
- Downside Capture
- 54.37%
Expense Ratio
CXGCX has a high expense ratio of 1.03%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
CXGCX ranks 88 for risk / return — in the top 88% of mutual funds 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Calamos Global Convertible Fund (CXGCX) 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.
| CXGCX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.37 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 5.01 | 2.78 | +2.22 |
| Martin ratioReturn relative to average drawdown | 16.32 | 12.44 | +3.89 |
Dividends
Dividend History
Calamos Global Convertible Fund provided a 4.61% dividend yield over the last twelve months, with an annual payout of $0.74 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.74 | $0.71 | $0.00 | $0.04 | $0.00 | $1.85 | $1.18 | $0.27 | $0.58 | $0.41 | $0.22 | $0.13 |
Dividend yield | 4.61% | 5.15% | 0.00% | 0.39% | 0.00% | 14.77% | 8.19% | 2.36% | 5.75% | 3.73% | 2.22% | 1.30% |
Monthly Dividends
The table displays the monthly dividend distributions for Calamos Global Convertible 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 | $0.01 | $0.00 | $0.00 | $0.02 | $0.03 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.68 | $0.71 |
| 2024 | $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 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.04 |
| 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 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $1.82 | $1.85 |
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 Convertible 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 Convertible Fund was 30.74%, occurring on Oct 14, 2022. Recovery took 689 trading sessions.
The current Calamos Global Convertible Fund drawdown is 1.22%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -30.74%Oct 2022 | 1y 7mo | 2y 9mo | 4y 4moFeb 2021 - Jul 2025 |
COVID crash2020 | -18.71%Mar 2020 | 1mo 2d | 2mo 10d | 3mo 12dFeb 2020 - Jun 2020 |
2016 correction2016 | -13.83%Feb 2016 | 8mo 27d | 11mo 19d | 1y 8moMay 2015 - Jan 2017 |
Rate-hike selloffLate 2018 | -8.95%Dec 2018 | 3mo 26d | 3mo 17d | 7mo 13dAug 2018 - Apr 2019 |
2025 pullback2025 | -5.75%Nov 2025 | 23d | 1mo 17d | 2mo 10dOct 2025 - Jan 2026 |
Drawdown Indicators
| CXGCX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.74% | -56.78% | +26.04% |
Max Drawdown (1Y)Largest decline over 1 year | -5.75% | -9.10% | +3.35% |
Max Drawdown (3Y)Largest decline over 3 years | -8.92% | -18.90% | +9.98% |
Max Drawdown (5Y)Largest decline over 5 years | -28.88% | -25.43% | -3.45% |
Max Drawdown (10Y)Largest decline over 10 years | -30.74% | -33.92% | +3.18% |
Current DrawdownCurrent decline from peak | -1.22% | -1.80% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -7.23% | -10.71% | +3.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 2.03% | -0.27% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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