CCEF vs. PG
CCEF (Calamos CEF Income & Arbitrage ETF) is Dividend fund actively managed by Calamos, while PG (The Procter & Gamble Company) is a stock. Over the past year, CCEF returned 15.76% vs -4.50% for PG. At a 0.14 correlation, their price movements are largely independent.
Performance
CCEF vs. PG - Performance Comparison
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Returns By Period
In the year-to-date period, CCEF achieves a 6.04% return, which is significantly higher than PG's 4.56% return.
CCEF
- 1D
- -0.09%
- 1M
- 0.89%
- YTD
- 6.04%
- 6M
- 6.94%
- 1Y
- 15.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PG
- 1D
- -1.80%
- 1M
- 2.24%
- YTD
- 4.56%
- 6M
- 5.02%
- 1Y
- -4.50%
- 3Y*
- 2.45%
- 5Y*
- 4.76%
- 10Y*
- 8.96%
CCEF vs. PG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CCEF Calamos CEF Income & Arbitrage ETF | 6.04% | 13.47% | 17.80% |
PG The Procter & Gamble Company | 4.56% | -12.26% | 14.09% |
Correlation
The correlation between CCEF and PG is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2024 | 0.14 |
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Return for Risk
CCEF vs. PG — Risk / Return Rank
CCEF
PG
CCEF vs. PG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos CEF Income & Arbitrage ETF (CCEF) and The Procter & Gamble Company (PG). 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.
| CCEF | PG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.17 | ||
| Sortino ratioReturn per unit of downside risk | +2.88 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 0.98 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | -0.29 | +2.33 |
| Martin ratioReturn relative to average drawdown | 8.80 | -0.53 | +9.33 |
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Drawdowns
CCEF vs. PG - Drawdown Comparison
The maximum CCEF drawdown since its inception was -13.25%, smaller than the maximum PG drawdown of -54.25%. Use the drawdown chart below to compare losses from any high point for CCEF and PG.
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Drawdown Indicators
| CCEF | PG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.25% | -54.25% | +41.00% |
Max Drawdown (1Y)Largest decline over 1 year | -7.75% | -15.52% | +7.77% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.15% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.77% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.77% | — |
Current DrawdownCurrent decline from peak | -0.50% | -14.41% | +13.91% |
Average DrawdownAverage peak-to-trough decline | -1.35% | -12.16% | +10.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 8.46% | -6.67% |
Volatility
CCEF vs. PG - Volatility Comparison
The current volatility for Calamos CEF Income & Arbitrage ETF (CCEF) is 2.58%, while The Procter & Gamble Company (PG) has a volatility of 7.38%. This indicates that CCEF experiences smaller price fluctuations and is considered to be less risky than PG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CCEF | PG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.58% | 7.38% | -4.80% |
Volatility (6M)Calculated over the trailing 6-month period | 6.98% | 14.98% | -8.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.24% | 18.83% | -10.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.78% | 17.84% | -7.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.78% | 19.08% | -8.30% |
Dividends
CCEF vs. PG - Dividend Comparison
CCEF's dividend yield for the trailing twelve months is around 7.96%, more than PG's 2.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCEF Calamos CEF Income & Arbitrage ETF | 7.96% | 8.08% | 6.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PG The Procter & Gamble Company | 2.88% | 2.91% | 2.36% | 2.55% | 2.38% | 2.08% | 2.24% | 2.37% | 3.09% | 2.98% | 3.18% | 3.31% |
Frequently Asked Questions
CCEF and PG have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PG has higher volatility (7.38%) compared to CCEF (2.58%). In terms of maximum drawdown, CCEF dropped -13.25% vs PG's -54.25%.
CCEF currently has the higher Sharpe Ratio (1.92 vs -0.24), 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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