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.
Key characteristics
| CCD | TLTW | |
|---|---|---|
| YTD Return | 34.18% | -1.26% |
| 1Y Return | 44.60% | 2.26% |
| Sharpe Ratio | 3.03 | 0.24 |
| Sortino Ratio | 4.12 | 0.39 |
| Omega Ratio | 1.52 | 1.05 |
| Calmar Ratio | 1.60 | 0.14 |
| Martin Ratio | 19.12 | 0.74 |
| Ulcer Index | 2.57% | 3.43% |
| Daily Std Dev | 16.26% | 10.38% |
| Max Drawdown | -55.42% | -18.59% |
| Current Drawdown | -4.51% | -12.33% |
Correlation
The correlation between CCD and TLTW is 0.20, 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
In the year-to-date period, CCD achieves a 34.18% return, which is significantly higher than TLTW's -1.26% 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. 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 9.59%, less than TLTW's 15.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
CCD Calamos Dynamic Convertible and Income Fund | 9.59% | 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 | 15.42% | 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 4.84% compared to iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) at 4.54%. 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.