CCD vs. ICVT
Compare and contrast key facts about Calamos Dynamic Convertible and Income Fund (CCD) and iShares Convertible Bond ETF (ICVT).
ICVT is a passively managed fund by iShares that tracks the performance of the Barclays U.S. Convertible Cash Pay Bond > $250MM Index. It was launched on Jun 2, 2015.
Performance
CCD vs. ICVT - Performance Comparison
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CCD vs. ICVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CCD Calamos Dynamic Convertible and Income Fund | 4.16% | -4.26% | 35.89% | 7.98% | -28.00% | 20.33% | 45.75% | 41.60% | -9.64% | 26.56% |
ICVT iShares Convertible Bond ETF | 3.58% | 18.10% | 10.61% | 15.35% | -20.66% | -0.66% | 61.01% | 21.76% | -0.27% | 16.38% |
Returns By Period
In the year-to-date period, CCD achieves a 4.16% return, which is significantly higher than ICVT's 3.58% return. Both investments have delivered pretty close results over the past 10 years, with CCD having a 12.73% annualized return and ICVT not far behind at 12.24%.
CCD
- 1D
- 4.91%
- 1M
- -6.38%
- YTD
- 4.16%
- 6M
- 7.08%
- 1Y
- 11.93%
- 3Y*
- 11.43%
- 5Y*
- 1.77%
- 10Y*
- 12.73%
ICVT
- 1D
- 2.66%
- 1M
- -2.73%
- YTD
- 3.58%
- 6M
- 2.56%
- 1Y
- 23.90%
- 3Y*
- 14.18%
- 5Y*
- 3.55%
- 10Y*
- 12.24%
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Return for Risk
CCD vs. ICVT — Risk / Return Rank
CCD
ICVT
CCD vs. ICVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Dynamic Convertible and Income Fund (CCD) and iShares Convertible Bond ETF (ICVT). 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.
| CCD | ICVT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.60 | 1.71 | -1.11 |
Sortino ratioReturn per unit of downside risk | 1.00 | 2.33 | -1.33 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.32 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 0.86 | 3.10 | -2.23 |
Martin ratioReturn relative to average drawdown | 2.26 | 10.57 | -8.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CCD | ICVT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.60 | 1.71 | -1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.27 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.79 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.67 | -0.33 |
Correlation
The correlation between CCD and ICVT is 0.55, 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.
Dividends
CCD vs. ICVT - Dividend Comparison
CCD's dividend yield for the trailing twelve months is around 10.96%, more than ICVT's 1.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCD Calamos Dynamic Convertible and Income Fund | 10.96% | 11.22% | 9.63% | 11.83% | 11.42% | 7.43% | 7.11% | 8.93% | 12.21% | 9.99% | 11.43% | 7.40% |
ICVT iShares Convertible Bond ETF | 1.62% | 1.73% | 2.19% | 1.85% | 1.93% | 7.70% | 3.98% | 1.86% | 4.82% | 2.56% | 3.06% | 1.57% |
Drawdowns
CCD vs. ICVT - Drawdown Comparison
The maximum CCD drawdown since its inception was -55.42%, which is greater than ICVT's maximum drawdown of -33.25%. Use the drawdown chart below to compare losses from any high point for CCD and ICVT.
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Drawdown Indicators
| CCD | ICVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.42% | -33.25% | -22.17% |
Max Drawdown (1Y)Largest decline over 1 year | -12.89% | -7.55% | -5.34% |
Max Drawdown (5Y)Largest decline over 5 years | -37.54% | -29.95% | -7.59% |
Max Drawdown (10Y)Largest decline over 10 years | -55.42% | -33.25% | -22.17% |
Current DrawdownCurrent decline from peak | -6.71% | -3.67% | -3.04% |
Average DrawdownAverage peak-to-trough decline | -12.00% | -9.64% | -2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.94% | 2.21% | +2.73% |
Volatility
CCD vs. ICVT - Volatility Comparison
Calamos Dynamic Convertible and Income Fund (CCD) has a higher volatility of 8.75% compared to iShares Convertible Bond ETF (ICVT) at 6.74%. This indicates that CCD's price experiences larger fluctuations and is considered to be riskier than ICVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CCD | ICVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.75% | 6.74% | +2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 13.76% | 11.65% | +2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.89% | 14.02% | +5.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.13% | 13.20% | +6.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.75% | 15.54% | +10.21% |