PortfoliosLab logo
CCEF vs. PAPI
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between CCEF and PAPI is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Performance

CCEF vs. PAPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calamos CEF Income & Arbitrage ETF (CCEF) and Parametric Equity Premium Income ETF (PAPI). The values are adjusted to include any dividend payments, if applicable.

Loading data...

Key characteristics

Sharpe Ratio

CCEF:

0.94

PAPI:

0.20

Sortino Ratio

CCEF:

1.32

PAPI:

0.36

Omega Ratio

CCEF:

1.22

PAPI:

1.05

Calmar Ratio

CCEF:

1.02

PAPI:

0.19

Martin Ratio

CCEF:

4.46

PAPI:

0.64

Ulcer Index

CCEF:

3.02%

PAPI:

4.20%

Daily Std Dev

CCEF:

13.62%

PAPI:

13.93%

Max Drawdown

CCEF:

-13.25%

PAPI:

-14.27%

Current Drawdown

CCEF:

-1.77%

PAPI:

-5.96%

Returns By Period

In the year-to-date period, CCEF achieves a 3.14% return, which is significantly higher than PAPI's 0.62% return.


CCEF

YTD

3.14%

1M

7.00%

6M

2.37%

1Y

12.38%

5Y*

N/A

10Y*

N/A

PAPI

YTD

0.62%

1M

2.72%

6M

-3.37%

1Y

2.28%

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


CCEF vs. PAPI - Expense Ratio Comparison

CCEF has a 2.74% expense ratio, which is higher than PAPI's 0.29% expense ratio.


Risk-Adjusted Performance

CCEF vs. PAPI — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CCEF
The Risk-Adjusted Performance Rank of CCEF is 8080
Overall Rank
The Sharpe Ratio Rank of CCEF is 8080
Sharpe Ratio Rank
The Sortino Ratio Rank of CCEF is 7575
Sortino Ratio Rank
The Omega Ratio Rank of CCEF is 8383
Omega Ratio Rank
The Calmar Ratio Rank of CCEF is 8181
Calmar Ratio Rank
The Martin Ratio Rank of CCEF is 8282
Martin Ratio Rank

PAPI
The Risk-Adjusted Performance Rank of PAPI is 2424
Overall Rank
The Sharpe Ratio Rank of PAPI is 2525
Sharpe Ratio Rank
The Sortino Ratio Rank of PAPI is 2222
Sortino Ratio Rank
The Omega Ratio Rank of PAPI is 2222
Omega Ratio Rank
The Calmar Ratio Rank of PAPI is 2626
Calmar Ratio Rank
The Martin Ratio Rank of PAPI is 2525
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

CCEF vs. PAPI - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Calamos CEF Income & Arbitrage ETF (CCEF) and Parametric Equity Premium Income ETF (PAPI). 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.


The current CCEF Sharpe Ratio is 0.94, which is higher than the PAPI Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of CCEF and PAPI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Loading data...

Dividends

CCEF vs. PAPI - Dividend Comparison

CCEF's dividend yield for the trailing twelve months is around 8.05%, more than PAPI's 7.44% yield.


TTM20242023
CCEF
Calamos CEF Income & Arbitrage ETF
8.05%6.55%0.00%
PAPI
Parametric Equity Premium Income ETF
7.44%7.07%1.45%

Drawdowns

CCEF vs. PAPI - Drawdown Comparison

The maximum CCEF drawdown since its inception was -13.25%, smaller than the maximum PAPI drawdown of -14.27%. Use the drawdown chart below to compare losses from any high point for CCEF and PAPI. For additional features, visit the drawdowns tool.


Loading data...

Volatility

CCEF vs. PAPI - Volatility Comparison

Calamos CEF Income & Arbitrage ETF (CCEF) and Parametric Equity Premium Income ETF (PAPI) have volatilities of 3.56% and 3.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


Loading data...