BDOAX vs. CIGIX
BDOAX (iShares MSCI Total International Index Fund Class A) and CIGIX (Calamos International Growth Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, BDOAX returned 8.99%/yr vs 8.78%/yr for CIGIX. Their correlation of 0.91 means they have usually moved in the same direction. BDOAX charges 0.41%/yr vs 0.85%/yr for CIGIX.
Performance
BDOAX vs. CIGIX - Performance Comparison
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Returns By Period
In the year-to-date period, BDOAX achieves a 13.61% return, which is significantly lower than CIGIX's 17.07% return. Both investments have delivered pretty close results over the past 10 years, with BDOAX having a 8.99% annualized return and CIGIX not far behind at 8.78%.
BDOAX
- 1D
- 0.14%
- 1M
- 0.57%
- 6M
- 7.21%
- YTD
- 13.61%
- 1Y
- 28.93%
- 3Y*
- 17.22%
- 5Y*
- 8.61%
- 10Y*
- 8.99%
- ALL TIME*
- 5.78%
CIGIX
- 1D
- 0.41%
- 1M
- -7.76%
- 6M
- 5.00%
- YTD
- 17.07%
- 1Y
- 26.59%
- 3Y*
- 19.09%
- 5Y*
- 1.99%
- 10Y*
- 8.78%
- ALL TIME*
- 7.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BDOAX vs. CIGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BDOAX iShares MSCI Total International Index Fund Class A | 13.61% | 32.20% | 5.02% | 14.81% | -16.63% | 7.36% | 10.47% | 20.81% | -14.19% | 26.16% |
CIGIX Calamos International Growth Fund | 17.07% | 23.11% | 12.51% | 15.33% | -30.54% | -8.98% | 44.95% | 29.69% | -20.93% | 39.54% |
Correlation
The correlation between BDOAX and CIGIX is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.88 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2011 | 0.91 |
The correlation between BDOAX and CIGIX has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.
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Return for Risk
BDOAX vs. CIGIX — Risk / Return Rank
BDOAX
CIGIX
BDOAX vs. CIGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Total International Index Fund Class A (BDOAX) and Calamos International Growth Fund (CIGIX). 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.
| BDOAX | CIGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.18 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 1.36 | +1.14 |
| Martin ratioReturn relative to average drawdown | 9.23 | 4.27 | +4.96 |
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Drawdowns
BDOAX vs. CIGIX - Drawdown Comparison
The maximum BDOAX drawdown since its inception was -35.53%, smaller than the maximum CIGIX drawdown of -64.46%. Use the drawdown chart below to compare losses from any high point for BDOAX and CIGIX.
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Drawdown Indicators
| BDOAX | CIGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.53% | -64.46% | +28.93% |
Max Drawdown (1Y)Largest decline over 1 year | -11.37% | -18.45% | +7.08% |
Max Drawdown (3Y)Largest decline over 3 years | -13.54% | -19.38% | +5.84% |
Max Drawdown (5Y)Largest decline over 5 years | -30.25% | -50.15% | +19.90% |
Max Drawdown (10Y)Largest decline over 10 years | -35.53% | -50.15% | +14.62% |
Current DrawdownCurrent decline from peak | -2.41% | -15.37% | +12.96% |
Average DrawdownAverage peak-to-trough decline | -8.65% | -15.24% | +6.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 5.87% | -2.79% |
Volatility
BDOAX vs. CIGIX - Volatility Comparison
The current volatility for iShares MSCI Total International Index Fund Class A (BDOAX) is 5.41%, while Calamos International Growth Fund (CIGIX) has a volatility of 8.92%. This indicates that BDOAX experiences smaller price fluctuations and is considered to be less risky than CIGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BDOAX | CIGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 8.92% | -3.51% |
Volatility (6M)Calculated over the trailing 6-month period | 14.64% | 24.74% | -10.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.52% | 27.37% | -10.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.79% | 22.09% | -6.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.17% | 20.40% | -4.23% |
BDOAX vs. CIGIX - Expense Ratio Comparison
BDOAX has a 0.41% expense ratio, which is lower than CIGIX's 0.85% expense ratio.
Dividends
BDOAX vs. CIGIX - Dividend Comparison
BDOAX's dividend yield for the trailing twelve months is around 2.39%, less than CIGIX's 11.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDOAX iShares MSCI Total International Index Fund Class A | 2.39% | 2.84% | 2.62% | 2.74% | 2.61% | 2.46% | 1.79% | 2.85% | 3.05% | 1.65% | 3.33% | 3.78% |
CIGIX Calamos International Growth Fund | 11.52% | 13.49% | 4.54% | 0.28% | 0.00% | 0.33% | 5.42% | 0.00% | 13.25% | 3.76% | 0.00% | 0.13% |
Frequently Asked Questions
BDOAX and CIGIX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CIGIX has higher volatility (8.92%) compared to BDOAX (5.41%). In terms of maximum drawdown, BDOAX dropped -35.53% vs CIGIX's -64.46%.
BDOAX currently has the higher Sharpe Ratio (1.73 vs 0.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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