CCVIX vs. PISHX
Compare and contrast key facts about Calamos Convertible Fund (CCVIX) and Cohen & Steers Preferred Securities and Income SMA Shares (PISHX).
CCVIX is managed by Calamos. It was launched on Jun 21, 1985. PISHX is managed by Cohen & Steers. It was launched on Feb 28, 2019.
Performance
CCVIX vs. PISHX - Performance Comparison
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CCVIX vs. PISHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CCVIX Calamos Convertible Fund | 0.22% | 18.83% | 9.71% | 10.61% | -21.23% | 5.13% | 48.51% | 8.92% |
PISHX Cohen & Steers Preferred Securities and Income SMA Shares | -1.14% | 9.65% | 12.50% | 7.91% | -11.73% | 4.30% | 8.57% | 12.46% |
Returns By Period
In the year-to-date period, CCVIX achieves a 0.22% return, which is significantly higher than PISHX's -1.14% return.
CCVIX
- 1D
- -1.77%
- 1M
- -6.23%
- YTD
- 0.22%
- 6M
- 1.65%
- 1Y
- 23.73%
- 3Y*
- 11.90%
- 5Y*
- 3.36%
- 10Y*
- 10.06%
PISHX
- 1D
- 0.00%
- 1M
- -2.56%
- YTD
- -1.14%
- 6M
- 0.08%
- 1Y
- 6.86%
- 3Y*
- 10.90%
- 5Y*
- 4.03%
- 10Y*
- —
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CCVIX vs. PISHX - Expense Ratio Comparison
CCVIX has a 1.10% expense ratio, which is higher than PISHX's 0.00% expense ratio.
Return for Risk
CCVIX vs. PISHX — Risk / Return Rank
CCVIX
PISHX
CCVIX vs. PISHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Convertible Fund (CCVIX) and Cohen & Steers Preferred Securities and Income SMA Shares (PISHX). 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 | PISHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.52 | 2.13 | -0.61 |
Sortino ratioReturn per unit of downside risk | 2.08 | 2.66 | -0.59 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.54 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | 2.69 | 1.93 | +0.76 |
Martin ratioReturn relative to average drawdown | 9.65 | 8.68 | +0.97 |
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 | PISHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 2.13 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.89 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.77 | -0.01 |
Correlation
The correlation between CCVIX and PISHX is 0.39, 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.
Dividends
CCVIX vs. PISHX - Dividend Comparison
CCVIX's dividend yield for the trailing twelve months is around 10.23%, more than PISHX's 5.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCVIX Calamos Convertible Fund | 10.23% | 10.25% | 1.31% | 1.87% | 0.60% | 13.59% | 6.56% | 1.00% | 14.47% | 3.90% | 2.84% | 4.68% |
PISHX Cohen & Steers Preferred Securities and Income SMA Shares | 5.12% | 5.52% | 5.89% | 5.92% | 5.45% | 4.25% | 4.59% | 3.38% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CCVIX vs. PISHX - Drawdown Comparison
The maximum CCVIX drawdown since its inception was -36.56%, which is greater than PISHX's maximum drawdown of -27.12%. Use the drawdown chart below to compare losses from any high point for CCVIX and PISHX.
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Drawdown Indicators
| CCVIX | PISHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.56% | -27.12% | -9.44% |
Max Drawdown (1Y)Largest decline over 1 year | -7.90% | -3.46% | -4.44% |
Max Drawdown (5Y)Largest decline over 5 years | -27.33% | -19.14% | -8.19% |
Max Drawdown (10Y)Largest decline over 10 years | -27.33% | — | — |
Current DrawdownCurrent decline from peak | -7.71% | -2.83% | -4.88% |
Average DrawdownAverage peak-to-trough decline | -5.91% | -4.03% | -1.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 0.77% | +1.44% |
Volatility
CCVIX vs. PISHX - Volatility Comparison
Calamos Convertible Fund (CCVIX) has a higher volatility of 6.17% compared to Cohen & Steers Preferred Securities and Income SMA Shares (PISHX) at 1.22%. This indicates that CCVIX's price experiences larger fluctuations and is considered to be riskier than PISHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CCVIX | PISHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.17% | 1.22% | +4.95% |
Volatility (6M)Calculated over the trailing 6-month period | 11.88% | 1.76% | +10.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.33% | 3.22% | +12.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.66% | 4.54% | +8.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.69% | 7.43% | +5.26% |