Correlation
The correlation between CCD and CWB is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
CCD vs. CWB
Compare and contrast key facts about Calamos Dynamic Convertible and Income Fund (CCD) and SPDR Bloomberg Barclays Convertible Securities ETF (CWB).
CWB is a passively managed fund by State Street that tracks the performance of the Bloomberg US Convertibles Liquid Bond. It was launched on Apr 14, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CCD or CWB.
Performance
CCD vs. CWB - Performance Comparison
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Key characteristics
CCD:
0.02
CWB:
1.19
CCD:
0.08
CWB:
1.54
CCD:
1.01
CWB:
1.21
CCD:
-0.04
CWB:
0.74
CCD:
-0.12
CWB:
3.80
CCD:
7.36%
CWB:
3.33%
CCD:
19.93%
CWB:
11.60%
CCD:
-55.42%
CWB:
-32.06%
CCD:
-17.04%
CWB:
-5.69%
Returns By Period
In the year-to-date period, CCD achieves a -14.21% return, which is significantly lower than CWB's 3.05% return. Over the past 10 years, CCD has underperformed CWB with an annualized return of 8.30%, while CWB has yielded a comparatively higher 8.80% annualized return.
CCD
-14.21%
-5.55%
-10.86%
0.41%
5.92%
9.88%
8.30%
CWB
3.05%
3.07%
-1.43%
13.75%
7.32%
9.35%
8.80%
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Risk-Adjusted Performance
CCD vs. CWB — Risk-Adjusted Performance Rank
CCD
CWB
CCD vs. CWB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Dynamic Convertible and Income Fund (CCD) and SPDR Bloomberg Barclays Convertible Securities ETF (CWB). 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.
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Dividends
CCD vs. CWB - Dividend Comparison
CCD's dividend yield for the trailing twelve months is around 11.62%, more than CWB's 1.92% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCD Calamos Dynamic Convertible and Income Fund | 11.62% | 9.63% | 11.83% | 11.42% | 7.43% | 7.11% | 9.47% | 12.21% | 9.99% | 11.43% | 7.40% | 0.00% |
CWB SPDR Bloomberg Barclays Convertible Securities ETF | 1.92% | 1.85% | 1.97% | 2.21% | 1.97% | 2.34% | 3.03% | 6.17% | 4.25% | 4.60% | 7.52% | 7.37% |
Drawdowns
CCD vs. CWB - Drawdown Comparison
The maximum CCD drawdown since its inception was -55.42%, which is greater than CWB's maximum drawdown of -32.06%. Use the drawdown chart below to compare losses from any high point for CCD and CWB.
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Volatility
CCD vs. CWB - Volatility Comparison
Calamos Dynamic Convertible and Income Fund (CCD) has a higher volatility of 4.93% compared to SPDR Bloomberg Barclays Convertible Securities ETF (CWB) at 2.59%. This indicates that CCD's price experiences larger fluctuations and is considered to be riskier than CWB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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