Correlation
The correlation between CCVIX and SPY is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
CCVIX vs. SPY
Compare and contrast key facts about Calamos Convertible Fund (CCVIX) and SPDR S&P 500 ETF (SPY).
CCVIX is managed by Calamos. It was launched on Jun 21, 1985. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CCVIX or SPY.
Performance
CCVIX vs. SPY - Performance Comparison
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Key characteristics
CCVIX:
0.83
SPY:
0.70
CCVIX:
1.09
SPY:
1.02
CCVIX:
1.15
SPY:
1.15
CCVIX:
0.53
SPY:
0.68
CCVIX:
2.19
SPY:
2.57
CCVIX:
4.34%
SPY:
4.93%
CCVIX:
12.87%
SPY:
20.42%
CCVIX:
-36.56%
SPY:
-55.19%
CCVIX:
-7.03%
SPY:
-3.55%
Returns By Period
In the year-to-date period, CCVIX achieves a 1.70% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, CCVIX has underperformed SPY with an annualized return of 7.20%, while SPY has yielded a comparatively higher 12.73% annualized return.
CCVIX
1.70%
3.79%
-2.82%
10.61%
5.37%
6.93%
7.20%
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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CCVIX vs. SPY - Expense Ratio Comparison
CCVIX has a 1.10% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
CCVIX vs. SPY — Risk-Adjusted Performance Rank
CCVIX
SPY
CCVIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Convertible Fund (CCVIX) and SPDR S&P 500 ETF (SPY). 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
CCVIX vs. SPY - Dividend Comparison
CCVIX's dividend yield for the trailing twelve months is around 1.35%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCVIX Calamos Convertible Fund | 1.35% | 1.32% | 1.87% | 0.60% | 13.59% | 6.55% | 1.01% | 14.47% | 4.15% | 2.84% | 6.31% | 7.20% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
CCVIX vs. SPY - Drawdown Comparison
The maximum CCVIX drawdown since its inception was -36.56%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CCVIX and SPY.
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Volatility
CCVIX vs. SPY - Volatility Comparison
The current volatility for Calamos Convertible Fund (CCVIX) is 3.02%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that CCVIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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