CCVIX vs. CHYDX
Compare and contrast key facts about Calamos Convertible Fund (CCVIX) and Calamos High Income Opportunities Fund (CHYDX).
CCVIX is managed by Calamos. It was launched on Jun 21, 1985. CHYDX is managed by Calamos. It was launched on Aug 2, 1999.
Performance
CCVIX vs. CHYDX - Performance Comparison
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CCVIX vs. CHYDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CCVIX Calamos Convertible Fund | 3.01% | 18.83% | 9.71% | 10.61% | -21.23% | 5.13% | 48.51% | 19.18% | 0.38% | 14.04% |
CHYDX Calamos High Income Opportunities Fund | -0.47% | 6.72% | 7.78% | 12.26% | -10.35% | 6.44% | 4.78% | 14.29% | -4.30% | 6.05% |
Returns By Period
In the year-to-date period, CCVIX achieves a 3.01% return, which is significantly higher than CHYDX's -0.47% return. Over the past 10 years, CCVIX has outperformed CHYDX with an annualized return of 10.36%, while CHYDX has yielded a comparatively lower 5.12% annualized return.
CCVIX
- 1D
- 2.79%
- 1M
- -4.19%
- YTD
- 3.01%
- 6M
- 3.41%
- 1Y
- 26.69%
- 3Y*
- 12.93%
- 5Y*
- 3.64%
- 10Y*
- 10.36%
CHYDX
- 1D
- 0.00%
- 1M
- -1.29%
- YTD
- -0.47%
- 6M
- 0.54%
- 1Y
- 5.27%
- 3Y*
- 7.81%
- 5Y*
- 3.67%
- 10Y*
- 5.12%
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CCVIX vs. CHYDX - Expense Ratio Comparison
CCVIX has a 1.10% expense ratio, which is higher than CHYDX's 1.00% expense ratio.
Return for Risk
CCVIX vs. CHYDX — Risk / Return Rank
CCVIX
CHYDX
CCVIX vs. CHYDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Convertible Fund (CCVIX) and Calamos High Income Opportunities Fund (CHYDX). 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.
| CCVIX | CHYDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.76 | 1.81 | -0.06 |
Sortino ratioReturn per unit of downside risk | 2.39 | 2.50 | -0.11 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.43 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 3.36 | 1.84 | +1.52 |
Martin ratioReturn relative to average drawdown | 11.92 | 8.54 | +3.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CCVIX | CHYDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 1.81 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.91 | -0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 1.03 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 1.04 | -0.27 |
Correlation
The correlation between CCVIX and CHYDX is 0.59, 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.
Dividends
CCVIX vs. CHYDX - Dividend Comparison
CCVIX's dividend yield for the trailing twelve months is around 9.96%, more than CHYDX's 5.74% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCVIX Calamos Convertible Fund | 9.96% | 10.25% | 1.31% | 1.87% | 0.60% | 13.59% | 6.56% | 1.00% | 14.47% | 3.90% | 2.84% | 4.68% |
CHYDX Calamos High Income Opportunities Fund | 5.74% | 6.39% | 6.30% | 6.28% | 5.47% | 4.48% | 5.26% | 5.85% | 6.62% | 4.87% | 4.94% | 5.43% |
Drawdowns
CCVIX vs. CHYDX - Drawdown Comparison
The maximum CCVIX drawdown since its inception was -36.56%, roughly equal to the maximum CHYDX drawdown of -35.03%. Use the drawdown chart below to compare losses from any high point for CCVIX and CHYDX.
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Drawdown Indicators
| CCVIX | CHYDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.56% | -35.03% | -1.53% |
Max Drawdown (1Y)Largest decline over 1 year | -7.90% | -2.85% | -5.05% |
Max Drawdown (5Y)Largest decline over 5 years | -27.33% | -13.66% | -13.67% |
Max Drawdown (10Y)Largest decline over 10 years | -27.33% | -23.35% | -3.98% |
Current DrawdownCurrent decline from peak | -5.14% | -1.60% | -3.54% |
Average DrawdownAverage peak-to-trough decline | -5.91% | -2.78% | -3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 0.61% | +1.62% |
Volatility
CCVIX vs. CHYDX - Volatility Comparison
Calamos Convertible Fund (CCVIX) has a higher volatility of 6.84% compared to Calamos High Income Opportunities Fund (CHYDX) at 1.04%. This indicates that CCVIX's price experiences larger fluctuations and is considered to be riskier than CHYDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CCVIX | CHYDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.84% | 1.04% | +5.80% |
Volatility (6M)Calculated over the trailing 6-month period | 12.15% | 1.60% | +10.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.54% | 3.00% | +12.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.71% | 4.05% | +8.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.72% | 4.96% | +7.76% |