CCD vs. TLTW
Compare and contrast key facts about Calamos Dynamic Convertible and Income Fund (CCD) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW).
TLTW is a passively managed fund by iShares that tracks the performance of the CBOE TLT 2% OTM Buywrite Index (USD). It was launched on Jun 18, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CCD or TLTW.
Correlation
The correlation between CCD and TLTW is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CCD vs. TLTW - Performance Comparison
Key characteristics
CCD:
0.40
TLTW:
0.71
CCD:
0.70
TLTW:
0.99
CCD:
1.09
TLTW:
1.13
CCD:
0.35
TLTW:
0.42
CCD:
1.28
TLTW:
1.44
CCD:
6.01%
TLTW:
5.09%
CCD:
19.51%
TLTW:
10.36%
CCD:
-55.42%
TLTW:
-18.59%
CCD:
-17.11%
TLTW:
-10.60%
Returns By Period
In the year-to-date period, CCD achieves a -14.28% return, which is significantly lower than TLTW's 2.93% return.
CCD
-14.28%
-5.95%
-16.22%
8.18%
13.58%
7.93%
TLTW
2.93%
-1.83%
-2.87%
8.04%
N/A
N/A
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Risk-Adjusted Performance
CCD vs. TLTW — Risk-Adjusted Performance Rank
CCD
TLTW
CCD vs. TLTW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Dynamic Convertible and Income Fund (CCD) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW). 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. TLTW - Dividend Comparison
CCD's dividend yield for the trailing twelve months is around 11.53%, less than TLTW's 15.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
CCD Calamos Dynamic Convertible and Income Fund | 11.53% | 9.63% | 11.83% | 11.42% | 7.43% | 7.11% | 9.47% | 12.21% | 9.99% | 11.43% | 7.40% |
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 15.27% | 14.47% | 19.59% | 8.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CCD vs. TLTW - Drawdown Comparison
The maximum CCD drawdown since its inception was -55.42%, which is greater than TLTW's maximum drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for CCD and TLTW. For additional features, visit the drawdowns tool.
Volatility
CCD vs. TLTW - Volatility Comparison
Calamos Dynamic Convertible and Income Fund (CCD) has a higher volatility of 12.04% compared to iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) at 4.39%. This indicates that CCD's price experiences larger fluctuations and is considered to be riskier than TLTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.