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 0.17, 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:
0.37
TLTW:
0.64
CCD:
0.67
TLTW:
0.90
CCD:
1.09
TLTW:
1.12
CCD:
0.32
TLTW:
0.42
CCD:
1.07
TLTW:
1.27
CCD:
6.76%
TLTW:
5.29%
CCD:
19.62%
TLTW:
10.44%
CCD:
-55.42%
TLTW:
-18.60%
CCD:
-10.90%
TLTW:
-9.74%
Returns By Period
In the year-to-date period, CCD achieves a -7.86% return, which is significantly lower than TLTW's 3.92% return.
CCD
-7.86%
14.65%
-4.58%
5.68%
13.26%
8.85%
TLTW
3.92%
-0.07%
2.54%
6.01%
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 10.73%, less than TLTW's 15.93% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
CCD Calamos Dynamic Convertible and Income Fund | 10.73% | 9.63% | 11.83% | 11.42% | 7.43% | 7.11% | 8.55% | 12.21% | 9.99% | 11.43% | 7.40% |
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 15.93% | 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 -18.60%. 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 9.35% compared to iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) at 4.04%. 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.