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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CCD or ICVT.
Key characteristics
| CCD | ICVT | |
|---|---|---|
| YTD Return | 30.51% | 9.70% |
| 1Y Return | 45.60% | 20.69% |
| 3Y Return (Ann) | -0.70% | -2.66% |
| 5Y Return (Ann) | 13.21% | 11.14% |
| Sharpe Ratio | 2.73 | 2.37 |
| Sortino Ratio | 3.72 | 3.35 |
| Omega Ratio | 1.47 | 1.43 |
| Calmar Ratio | 1.30 | 0.71 |
| Martin Ratio | 17.80 | 12.77 |
| Ulcer Index | 2.48% | 1.55% |
| Daily Std Dev | 16.20% | 8.35% |
| Max Drawdown | -55.42% | -33.25% |
| Current Drawdown | -7.12% | -12.58% |
Correlation
The correlation between CCD and ICVT 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.
Performance
CCD vs. ICVT - Performance Comparison
In the year-to-date period, CCD achieves a 30.51% return, which is significantly higher than ICVT's 9.70% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
CCD vs. ICVT - Risk-Adjusted Performance 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.
Dividends
CCD vs. ICVT - Dividend Comparison
CCD's dividend yield for the trailing twelve months is around 9.79%, more than ICVT's 2.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
CCD Calamos Dynamic Convertible and Income Fund | 9.79% | 11.83% | 11.42% | 7.43% | 7.11% | 9.47% | 12.21% | 9.99% | 11.43% | 7.40% |
ICVT iShares Convertible Bond ETF | 2.31% | 1.84% | 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. For additional features, visit the drawdowns tool.
Volatility
CCD vs. ICVT - Volatility Comparison
Calamos Dynamic Convertible and Income Fund (CCD) has a higher volatility of 4.52% compared to iShares Convertible Bond ETF (ICVT) at 1.91%. 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.