CCD vs. USA
CCD (Calamos Dynamic Convertible and Income Fund) and USA (Liberty All-Star Equity Fund) are both stocks. Both are in the Financial Services sector — CCD in Asset Management, USA in Collective Investments. Over the past 10 years, CCD returned 13.45%/yr vs 12.11%/yr for USA. Their 0.51 correlation means they have sometimes moved together and sometimes differently.
Performance
CCD vs. USA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CCD achieves a 24.58% return, which is significantly higher than USA's 0.57% return. Over the past 10 years, CCD has outperformed USA with an annualized return of 13.45%, while USA has yielded a comparatively lower 12.11% annualized return.
CCD
- 1D
- 1.25%
- 1M
- -2.05%
- 6M
- 15.65%
- YTD
- 24.58%
- 1Y
- 34.45%
- 3Y*
- 17.10%
- 5Y*
- 5.97%
- 10Y*
- 13.45%
- ALL TIME*
- 10.17%
USA
- 1D
- 0.00%
- 1M
- 3.10%
- 6M
- 1.24%
- YTD
- 0.57%
- 1Y
- 0.97%
- 3Y*
- 5.91%
- 5Y*
- 2.63%
- 10Y*
- 12.11%
- ALL TIME*
- 7.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.59M | $1.81M | $2.06M | |
| $8.20M | $9.40M | $8.31M |
CCD vs. USA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CCD Calamos Dynamic Convertible and Income Fund | 24.58% | -4.26% | 35.89% | 7.98% | -28.00% | 20.33% | 45.75% | 41.60% | -9.64% | 26.56% |
USA Liberty All-Star Equity Fund | 0.57% | 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 have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (3Y) Balances recent behavior with more history. | 0.50 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2015 | 0.51 |
The correlation between CCD and USA has been stable across timeframes, ranging from 0.50 to 0.54 - a consistent structural relationship.
Fundamentals
CCD:
$696.91M
USA:
$1.79B
CCD:
$9.85
USA:
$1.40
CCD:
2.51
USA:
4.14
CCD:
3.86
USA:
4.92
CCD:
1.03
USA:
0.85
CCD:
$178.20M
USA:
$355.74M
CCD:
$161.12M
USA:
$329.90M
CCD:
$287.52M
USA:
$305.11M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | +1.69 | ||
| Sortino ratioReturn per unit of downside risk | +2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.01 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | -0.03 | +2.97 |
| Martin ratioReturn relative to average drawdown | 12.19 | -0.08 | +12.28 |
Loading charts...
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.
Loading charts...
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% | -13.65% | +2.57% |
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 | -3.82% | -4.83% | +1.01% |
Average DrawdownAverage peak-to-trough decline | -11.69% | -11.50% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 5.16% | -2.48% |
Volatility
CCD vs. USA - Volatility Comparison
Calamos Dynamic Convertible and Income Fund (CCD) has a higher volatility of 6.69% compared to Liberty All-Star Equity Fund (USA) at 3.74%. 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.
Loading charts...
Volatility by Period
| CCD | USA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.69% | 3.74% | +2.95% |
Volatility (6M)Calculated over the trailing 6-month period | 16.44% | 10.80% | +5.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.58% | 14.11% | +5.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.51% | 20.11% | +0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.87% | 22.56% | +3.31% |
Dividends
CCD vs. USA - Dividend Comparison
CCD's dividend yield for the trailing twelve months is around 9.46%, less than USA's 11.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCD Calamos Dynamic Convertible and Income Fund | 9.46% | 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 | 11.53% | 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 (6.69%) compared to USA (3.74%). In terms of maximum drawdown, CCD dropped -55.42% vs USA's -69.15%.
CCD currently has the higher Sharpe Ratio (1.66 vs -0.03), 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.
Find the right allocation for CCD and USA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer