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.
Correlation
The correlation between CCVIX and SPY is 0.82, 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.
Performance
CCVIX vs. SPY - Performance Comparison
Key characteristics
CCVIX:
1.20
SPY:
1.75
CCVIX:
1.66
SPY:
2.36
CCVIX:
1.21
SPY:
1.32
CCVIX:
0.38
SPY:
2.66
CCVIX:
5.07
SPY:
11.01
CCVIX:
2.16%
SPY:
2.03%
CCVIX:
9.07%
SPY:
12.77%
CCVIX:
-36.76%
SPY:
-55.19%
CCVIX:
-19.69%
SPY:
-2.12%
Returns By Period
In the year-to-date period, CCVIX achieves a 1.67% return, which is significantly lower than SPY's 2.36% return. Over the past 10 years, CCVIX has underperformed SPY with an annualized return of 3.51%, while SPY has yielded a comparatively higher 12.96% annualized return.
CCVIX
1.67%
-1.66%
5.80%
11.67%
3.14%
3.51%
SPY
2.36%
-1.07%
7.41%
19.73%
14.21%
12.96%
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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.
Dividends
CCVIX vs. SPY - Dividend Comparison
CCVIX's dividend yield for the trailing twelve months is around 0.81%, less than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCVIX Calamos Convertible Fund | 0.81% | 0.82% | 0.77% | 0.60% | 0.00% | 0.52% | 1.01% | 2.72% | 1.14% | 2.84% | 4.59% | 2.16% |
SPY SPDR S&P 500 ETF | 1.18% | 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 -36.76%, 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. For additional features, visit the drawdowns tool.
Volatility
CCVIX vs. SPY - Volatility Comparison
The current volatility for Calamos Convertible Fund (CCVIX) is 3.01%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.38%. 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.