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.
Performance
CCD vs. TLTW - Performance Comparison
Returns By Period
In the year-to-date period, CCD achieves a 34.95% return, which is significantly higher than TLTW's -0.66% return.
CCD
34.95%
-2.00%
14.80%
43.29%
14.01%
N/A
TLTW
-0.66%
-1.29%
3.00%
1.66%
N/A
N/A
Key characteristics
| CCD | TLTW | |
|---|---|---|
| Sharpe Ratio | 2.76 | 0.19 |
| Sortino Ratio | 3.75 | 0.31 |
| Omega Ratio | 1.47 | 1.04 |
| Calmar Ratio | 1.45 | 0.11 |
| Martin Ratio | 16.40 | 0.53 |
| Ulcer Index | 2.72% | 3.63% |
| Daily Std Dev | 16.12% | 10.38% |
| Max Drawdown | -55.42% | -18.59% |
| Current Drawdown | -3.96% | -11.79% |
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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.
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 9.54%, less than TLTW's 15.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
CCD Calamos Dynamic Convertible and Income Fund | 9.54% | 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 | 15.33% | 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 4.54% compared to iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) at 4.10%. 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.