BINCX vs. CSGIX

Last updated Jun 26, 2026

BINCX (Brandes International Small Cap Equity Fund Class C) and CSGIX (Calamos International Small Cap Growth Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 3 years, BINCX returned 26.52%/yr vs 21.90%/yr for CSGIX. A 0.73 correlation means they provide meaningful diversification when combined. BINCX charges 1.99%/yr vs 2.67%/yr for CSGIX.

Performance

BINCX vs. CSGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brandes International Small Cap Equity Fund Class C (BINCX) and Calamos International Small Cap Growth Fund (CSGIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BINCX achieves a -3.43% return, which is significantly lower than CSGIX's 27.10% return.

BINCX

• 1D: -0.04%
• 1M: -3.81%
• YTD: -3.43%
• 6M: -3.62%
• 1Y: 6.18%
• 3Y*: 26.52%
• 5Y*: 15.06%
• 10Y*: 10.13%

CSGIX

• 1D: -0.97%
• 1M: -8.25%
• YTD: 27.10%
• 6M: 26.88%
• 1Y: 25.89%
• 3Y*: 21.90%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BINCX vs. CSGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BINCX Brandes International Small Cap Equity Fund Class C	-3.43%	44.63%	22.20%	37.99%	-4.81%
CSGIX Calamos International Small Cap Growth Fund	27.10%	15.11%	10.21%	13.62%	-20.14%

Correlation

The correlation between BINCX and CSGIX is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (All Time) Calculated using the full available price history since Mar 31, 2022	0.73

The correlation between BINCX and CSGIX shifts across timeframes, from 0.58 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BINCX vs. CSGIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BINCX

BINCX Risk / Return Rank: 8
BINCX Sharpe Ratio Rank: 8
BINCX Sortino Ratio Rank: 9
BINCX Omega Ratio Rank: 8
BINCX Calmar Ratio Rank: 8
BINCX Martin Ratio Rank: 7

CSGIX

CSGIX Risk / Return Rank: 28
CSGIX Sharpe Ratio Rank: 27
CSGIX Sortino Ratio Rank: 25
CSGIX Omega Ratio Rank: 29
CSGIX Calmar Ratio Rank: 34
CSGIX Martin Ratio Rank: 24

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BINCX vs. CSGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brandes International Small Cap Equity Fund Class C (BINCX) and Calamos International Small Cap Growth Fund (CSGIX). 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.

	BINCX	CSGIX	Difference
Sharpe ratio: Return per unit of total volatility	0.51	1.21	-0.71
Sortino ratio: Return per unit of downside risk	0.83	1.71	-0.88
Omega ratio: Gain probability vs. loss probability	1.10	1.23	-0.13
Calmar ratio: Return relative to maximum drawdown	0.54	1.89	-1.34
Martin ratio: Return relative to average drawdown	1.39	4.80	-3.41

BINCX vs. CSGIX - Sharpe Ratio Comparison

The current BINCX Sharpe Ratio is 0.51, which is lower than the CSGIX Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of BINCX and CSGIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BINCX vs. CSGIX - Drawdown Comparison

The maximum BINCX drawdown since its inception was -48.15%, which is greater than CSGIX's maximum drawdown of -26.50%. Use the drawdown chart below to compare losses from any high point for BINCX and CSGIX.

Drawdown Indicators

	BINCX	CSGIX	Difference
Max Drawdown Largest peak-to-trough decline	-48.15%	-26.50%	-21.65%
Max Drawdown (1Y) Largest decline over 1 year	-11.66%	-13.68%	+2.02%
Max Drawdown (3Y) Largest decline over 3 years	-11.66%	-20.13%	+8.47%
Max Drawdown (5Y) Largest decline over 5 years	-31.97%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-48.15%	—	—
Current Drawdown Current decline from peak	-11.32%	-8.25%	-3.07%
Average Drawdown Average peak-to-trough decline	-9.40%	-10.19%	+0.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.54%	5.36%	-0.82%

Volatility

BINCX vs. CSGIX - Volatility Comparison

The current volatility for Brandes International Small Cap Equity Fund Class C (BINCX) is 3.61%, while Calamos International Small Cap Growth Fund (CSGIX) has a volatility of 10.04%. This indicates that BINCX experiences smaller price fluctuations and is considered to be less risky than CSGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BINCX	CSGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.61%	10.04%	-6.43%
Volatility (6M) Calculated over the trailing 6-month period	10.44%	18.83%	-8.39%
Volatility (1Y) Calculated over the trailing 1-year period	12.58%	21.26%	-8.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.91%	18.07%	-4.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.12%	18.07%	-3.95%

BINCX vs. CSGIX - Expense Ratio Comparison

BINCX has a 1.99% expense ratio, which is lower than CSGIX's 2.67% expense ratio.

Dividends

BINCX vs. CSGIX - Dividend Comparison

BINCX's dividend yield for the trailing twelve months is around 3.12%, more than CSGIX's 0.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BINCX Brandes International Small Cap Equity Fund Class C	3.12%	3.01%	2.54%	2.45%	2.98%	3.85%	0.60%	0.21%	3.77%	7.83%	3.75%	3.04%
CSGIX Calamos International Small Cap Growth Fund	0.96%	1.22%	0.00%	0.00%	0.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BINCX and CSGIX in my portfolio?

BINCX and CSGIX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BINCX or CSGIX?

CSGIX has higher volatility (10.04%) compared to BINCX (3.61%). In terms of maximum drawdown, BINCX dropped -48.15% vs CSGIX's -26.50%.

Which has better risk-adjusted returns?

CSGIX currently has the higher Sharpe Ratio (1.21 vs 0.51), 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.