CENTX vs. CGO

Last updated Jun 4, 2026

CENTX (Centerstone Investors Fund) and CGO (Calamos Global Total Return Fund) are both Global Allocation funds. Over the past 5 years, CENTX returned 3.19%/yr vs 6.14%/yr for CGO. At a 0.47 correlation, their price movements are largely independent. CENTX charges 1.10%/yr vs 2.86%/yr for CGO.

Performance

CENTX vs. CGO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Centerstone Investors Fund (CENTX) and Calamos Global Total Return Fund (CGO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CENTX achieves a 2.97% return, which is significantly lower than CGO's 25.76% return.

CENTX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 2.97%
• 6M: 6.03%
• 1Y: 12.22%
• 3Y*: 9.21%
• 5Y*: 3.19%
• 10Y*: —

CGO

• 1D: -1.06%
• 1M: 9.19%
• YTD: 25.76%
• 6M: 28.19%
• 1Y: 34.18%
• 3Y*: 25.31%
• 5Y*: 6.14%
• 10Y*: 12.30%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CENTX vs. CGO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CENTX Centerstone Investors Fund	2.97%	24.41%	-0.04%	7.56%	-11.05%	10.67%	3.64%	17.70%	-9.14%	13.82%
CGO Calamos Global Total Return Fund	25.76%	8.87%	36.81%	14.03%	-36.60%	13.04%	20.87%	45.08%	-26.14%	55.93%

Correlation

The correlation between CENTX and CGO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.47

The correlation between CENTX and CGO shifts across timeframes, from 0.36 (1 year) to 0.53 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

CENTX vs. CGO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CENTX

CENTX Risk / Return Rank: 50
CENTX Sharpe Ratio Rank: 39
CENTX Sortino Ratio Rank: 42
CENTX Omega Ratio Rank: 52
CENTX Calmar Ratio Rank: 59
CENTX Martin Ratio Rank: 59

CGO

CGO Risk / Return Rank: 44
CGO Sharpe Ratio Rank: 54
CGO Sortino Ratio Rank: 47
CGO Omega Ratio Rank: 48
CGO Calmar Ratio Rank: 36
CGO Martin Ratio Rank: 35

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CENTX vs. CGO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Centerstone Investors Fund (CENTX) and Calamos Global Total Return Fund (CGO). 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.

	CENTX	CGO	Difference
Sharpe ratio: Return per unit of total volatility	1.82	2.17	-0.36
Sortino ratio: Return per unit of downside risk	2.72	2.90	-0.18
Omega ratio: Gain probability vs. loss probability	1.40	1.38	+0.02
Calmar ratio: Return relative to maximum drawdown	2.96	2.25	+0.71
Martin ratio: Return relative to average drawdown	11.81	7.93	+3.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CENTX vs. CGO - Sharpe Ratio Comparison

The current CENTX Sharpe Ratio is 1.82, which is comparable to the CGO Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of CENTX and CGO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CENTX	CGO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.82	2.17	-0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.30	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.36	+0.10

Drawdowns

CENTX vs. CGO - Drawdown Comparison

The maximum CENTX drawdown since its inception was -35.29%, smaller than the maximum CGO drawdown of -60.03%. Use the drawdown chart below to compare losses from any high point for CENTX and CGO.

Drawdown Indicators

	CENTX	CGO	Difference
Max Drawdown Largest peak-to-trough decline	-35.29%	-60.03%	+24.74%
Max Drawdown (1Y) Largest decline over 1 year	-4.56%	-15.24%	+10.68%
Max Drawdown (3Y) Largest decline over 3 years	-14.22%	-26.70%	+12.48%
Max Drawdown (5Y) Largest decline over 5 years	-24.13%	-43.69%	+19.56%
Max Drawdown (10Y) Largest decline over 10 years	—	-50.89%	—
Current Drawdown Current decline from peak	0.00%	-1.06%	+1.06%
Average Drawdown Average peak-to-trough decline	-6.12%	-11.57%	+5.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.10%	4.32%	-3.22%

Volatility

CENTX vs. CGO - Volatility Comparison

The current volatility for Centerstone Investors Fund (CENTX) is 0.00%, while Calamos Global Total Return Fund (CGO) has a volatility of 5.46%. This indicates that CENTX experiences smaller price fluctuations and is considered to be less risky than CGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CENTX	CGO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	5.46%	-5.46%
Volatility (6M) Calculated over the trailing 6-month period	4.25%	12.97%	-8.72%
Volatility (1Y) Calculated over the trailing 1-year period	7.44%	15.82%	-8.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.42%	20.35%	-8.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.98%	24.69%	-11.71%

CENTX vs. CGO - Expense Ratio Comparison

CENTX has a 1.10% expense ratio, which is lower than CGO's 2.86% expense ratio.

Dividends

CENTX vs. CGO - Dividend Comparison

CENTX's dividend yield for the trailing twelve months is around 4.41%, less than CGO's 6.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CENTX Centerstone Investors Fund	4.41%	4.54%	2.39%	1.57%	1.72%	1.26%	0.69%	2.95%	3.46%	1.15%	0.00%	0.00%
CGO Calamos Global Total Return Fund	6.88%	8.43%	8.43%	10.57%	12.68%	7.80%	8.18%	8.96%	11.81%	7.97%	11.40%	10.51%

Frequently Asked Questions

Can I hold both CENTX and CGO in my portfolio?

CENTX and CGO have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CENTX or CGO?

CGO has higher volatility (5.46%) compared to CENTX (0.00%). In terms of maximum drawdown, CENTX dropped -35.29% vs CGO's -60.03%.

Which has better risk-adjusted returns?

CGO currently has the higher Sharpe Ratio (2.17 vs 1.82), 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.