CCEF vs. HYMB
Compare and contrast key facts about Calamos CEF Income & Arbitrage ETF (CCEF) and SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB).
CCEF and HYMB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CCEF is an actively managed fund by Calamos. It was launched on Jan 16, 2024. HYMB is a passively managed fund by State Street that tracks the performance of the Bloomberg Municipal Yield. It was launched on Apr 13, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CCEF or HYMB.
Correlation
The correlation between CCEF and HYMB is 0.13, 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
CCEF vs. HYMB - Performance Comparison
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Key characteristics
CCEF:
0.94
HYMB:
0.03
CCEF:
1.29
HYMB:
0.09
CCEF:
1.22
HYMB:
1.01
CCEF:
0.99
HYMB:
0.03
CCEF:
4.35
HYMB:
0.14
CCEF:
3.02%
HYMB:
2.06%
CCEF:
13.62%
HYMB:
6.66%
CCEF:
-13.25%
HYMB:
-29.57%
CCEF:
-2.45%
HYMB:
-6.87%
Returns By Period
In the year-to-date period, CCEF achieves a 2.42% return, which is significantly higher than HYMB's -2.75% return.
CCEF
2.42%
6.94%
0.84%
12.68%
N/A
N/A
HYMB
-2.75%
1.29%
-3.08%
0.17%
2.22%
2.48%
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CCEF vs. HYMB - Expense Ratio Comparison
CCEF has a 2.74% expense ratio, which is higher than HYMB's 0.35% expense ratio.
Risk-Adjusted Performance
CCEF vs. HYMB — Risk-Adjusted Performance Rank
CCEF
HYMB
CCEF vs. HYMB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos CEF Income & Arbitrage ETF (CCEF) and SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB). 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.
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Dividends
CCEF vs. HYMB - Dividend Comparison
CCEF's dividend yield for the trailing twelve months is around 8.10%, more than HYMB's 4.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCEF Calamos CEF Income & Arbitrage ETF | 8.10% | 6.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 4.53% | 4.29% | 4.07% | 3.77% | 3.19% | 3.55% | 3.95% | 4.03% | 3.78% | 4.08% | 4.54% | 4.49% |
Drawdowns
CCEF vs. HYMB - Drawdown Comparison
The maximum CCEF drawdown since its inception was -13.25%, smaller than the maximum HYMB drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for CCEF and HYMB. For additional features, visit the drawdowns tool.
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Volatility
CCEF vs. HYMB - Volatility Comparison
Calamos CEF Income & Arbitrage ETF (CCEF) has a higher volatility of 3.80% compared to SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) at 1.37%. This indicates that CCEF's price experiences larger fluctuations and is considered to be riskier than HYMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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