3466.HK vs. CCEF
3466.HK (Hang Seng High Dividend 30 Index ETF) and CCEF (Calamos CEF Income & Arbitrage ETF) are both Dividend funds. 3466.HK is passively managed, while CCEF is actively managed. Over the past year, 3466.HK returned 19.41% vs 13.73% for CCEF. At a 0.15 correlation, their price movements are largely independent. 3466.HK charges 0.55%/yr vs 2.74%/yr for CCEF.
Performance
3466.HK vs. CCEF - Performance Comparison
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Different Trading Currencies
3466.HK is traded in HKD, while CCEF is traded in USD. To make them comparable, the CCEF values have been converted to HKD using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3466.HK achieves a -0.87% return, which is significantly lower than CCEF's 6.30% return.
3466.HK
- 1D
- 0.00%
- 1M
- -13.73%
- YTD
- -0.87%
- 6M
- -1.67%
- 1Y
- 19.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CCEF
- 1D
- 0.58%
- 1M
- 0.11%
- YTD
- 6.30%
- 6M
- 6.62%
- 1Y
- 13.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3466.HK vs. CCEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
3466.HK Hang Seng High Dividend 30 Index ETF | -0.87% | 37.81% |
CCEF Calamos CEF Income & Arbitrage ETF | 6.30% | 10.67% |
Correlation
The correlation between 3466.HK and CCEF is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2025 | 0.15 |
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Return for Risk
3466.HK vs. CCEF — Risk / Return Rank
3466.HK
CCEF
3466.HK vs. CCEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hang Seng High Dividend 30 Index ETF (3466.HK) and Calamos CEF Income & Arbitrage ETF (CCEF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| 3466.HK | CCEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.31 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 1.82 | -0.53 |
| Martin ratioReturn relative to average drawdown | 5.70 | 7.80 | -2.10 |
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Drawdowns
3466.HK vs. CCEF - Drawdown Comparison
The maximum 3466.HK drawdown since its inception was -15.58%, which is greater than CCEF's maximum drawdown of -13.30%. Use the drawdown chart below to compare losses from any high point for 3466.HK and CCEF.
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Drawdown Indicators
| 3466.HK | CCEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.58% | -13.30% | -2.28% |
Max Drawdown (1Y)Largest decline over 1 year | -15.58% | -7.58% | -8.00% |
Current DrawdownCurrent decline from peak | -15.58% | -0.91% | -14.67% |
Average DrawdownAverage peak-to-trough decline | -2.12% | -1.33% | -0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 1.76% | +1.72% |
Volatility
3466.HK vs. CCEF - Volatility Comparison
Hang Seng High Dividend 30 Index ETF (3466.HK) has a higher volatility of 4.50% compared to Calamos CEF Income & Arbitrage ETF (CCEF) at 2.72%. This indicates that 3466.HK's price experiences larger fluctuations and is considered to be riskier than CCEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3466.HK | CCEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | 2.72% | +1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 11.20% | 7.04% | +4.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.84% | 8.27% | +6.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.94% | 10.84% | +6.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.94% | 10.84% | +6.10% |
3466.HK vs. CCEF - Expense Ratio Comparison
3466.HK has a 0.55% expense ratio, which is lower than CCEF's 2.74% expense ratio.
Dividends
3466.HK vs. CCEF - Dividend Comparison
3466.HK's dividend yield for the trailing twelve months is around 7.88%, less than CCEF's 8.00% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
3466.HK Hang Seng High Dividend 30 Index ETF | 7.88% | 4.53% | 0.00% |
CCEF Calamos CEF Income & Arbitrage ETF | 8.00% | 8.08% | 6.55% |
Frequently Asked Questions
3466.HK and CCEF have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 3466.HK is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
3466.HK is cheaper with a 0.55% expense ratio, compared with 2.74% for CCEF.
They also come from different issuers: Hang Seng Investment Management and Calamos. Their fees differ too: 0.55% for 3466.HK and 2.74% for CCEF.
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