CCD vs. USA
CCD (Calamos Dynamic Convertible and Income Fund) and USA (Liberty All-Star Equity Fund) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, CCD returned 14.01%/yr vs 12.16%/yr for USA. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
CCD vs. USA - Performance Comparison
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Returns By Period
In the year-to-date period, CCD achieves a 26.13% return, which is significantly higher than USA's -4.98% return. Over the past 10 years, CCD has outperformed USA with an annualized return of 14.01%, while USA has yielded a comparatively lower 12.16% annualized return.
CCD
- 1D
- -1.25%
- 1M
- 3.04%
- YTD
- 26.13%
- 6M
- 22.87%
- 1Y
- 45.94%
- 3Y*
- 17.28%
- 5Y*
- 5.90%
- 10Y*
- 14.01%
USA
- 1D
- -1.22%
- 1M
- -2.75%
- YTD
- -4.98%
- 6M
- -4.67%
- 1Y
- -4.39%
- 3Y*
- 7.02%
- 5Y*
- 0.89%
- 10Y*
- 12.16%
CCD vs. USA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CCD Calamos Dynamic Convertible and Income Fund | 26.13% | -4.26% | 35.89% | 7.98% | -28.00% | 20.33% | 45.75% | 41.60% | -9.64% | 26.56% |
USA Liberty All-Star Equity Fund | -4.98% | 0.09% | 20.81% | 23.17% | -25.20% | 33.76% | 12.89% | 39.70% | -5.06% | 34.66% |
Correlation
The correlation between CCD and USA is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2015 | 0.50 |
The correlation between CCD and USA has been stable across timeframes, ranging from 0.50 to 0.53 - a consistent structural relationship.
Fundamentals
CCD:
$109.16M
USA:
$355.74M
CCD:
$84.83M
USA:
$329.90M
CCD:
$109.15M
USA:
$305.11M
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Return for Risk
CCD vs. USA — Risk / Return Rank
CCD
USA
CCD vs. USA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Dynamic Convertible and Income Fund (CCD) and Liberty All-Star Equity Fund (USA). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CCD | USA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.85 | ||
| Sortino ratioReturn per unit of downside risk | +3.66 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 0.96 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 4.17 | -0.29 | +4.46 |
| Martin ratioReturn relative to average drawdown | 18.09 | -0.67 | +18.76 |
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Drawdowns
CCD vs. USA - Drawdown Comparison
The maximum CCD drawdown since its inception was -55.42%, smaller than the maximum USA drawdown of -69.15%. Use the drawdown chart below to compare losses from any high point for CCD and USA.
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Drawdown Indicators
| CCD | USA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.42% | -69.15% | +13.73% |
Max Drawdown (1Y)Largest decline over 1 year | -11.08% | -15.28% | +4.20% |
Max Drawdown (3Y)Largest decline over 3 years | -22.28% | -17.69% | -4.59% |
Max Drawdown (5Y)Largest decline over 5 years | -37.54% | -34.05% | -3.49% |
Max Drawdown (10Y)Largest decline over 10 years | -55.42% | -47.07% | -8.35% |
Current DrawdownCurrent decline from peak | -1.81% | -10.08% | +8.27% |
Average DrawdownAverage peak-to-trough decline | -11.78% | -11.51% | -0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 6.52% | -3.97% |
Volatility
CCD vs. USA - Volatility Comparison
Calamos Dynamic Convertible and Income Fund (CCD) has a higher volatility of 6.28% compared to Liberty All-Star Equity Fund (USA) at 4.56%. This indicates that CCD's price experiences larger fluctuations and is considered to be riskier than USA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CCD | USA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.28% | 4.56% | +1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 15.43% | 10.82% | +4.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.28% | 13.94% | +4.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.44% | 20.31% | +0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.88% | 22.58% | +3.30% |
Dividends
CCD vs. USA - Dividend Comparison
CCD's dividend yield for the trailing twelve months is around 9.27%, less than USA's 12.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCD Calamos Dynamic Convertible and Income Fund | 9.27% | 11.22% | 9.63% | 11.83% | 11.42% | 7.43% | 7.11% | 8.93% | 12.21% | 9.99% | 11.43% | 7.40% |
USA Liberty All-Star Equity Fund | 12.04% | 10.67% | 10.22% | 9.56% | 12.11% | 9.67% | 9.13% | 9.75% | 12.64% | 8.89% | 9.30% | 9.53% |
Financials
CCD vs. USA - Financials Comparison
This section allows you to compare key financial metrics between Calamos Dynamic Convertible and Income Fund and Liberty All-Star Equity Fund. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
CCD and USA have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CCD has higher volatility (6.28%) compared to USA (4.56%). In terms of maximum drawdown, CCD dropped -55.42% vs USA's -69.15%.
CCD currently has the higher Sharpe Ratio (2.53 vs -0.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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