CGIIX vs. CVTRX
CGIIX (Calamos Growth and Income Fund Class I) and CVTRX (Calamos Growth and Income Fund) are both Diversified Portfolio funds from Calamos. Over the past 10 years, CGIIX returned 12.92%/yr vs 12.72%/yr for CVTRX. With a 0.99 correlation, they move nearly in lockstep. CGIIX charges 1.32%/yr vs 1.05%/yr for CVTRX.
Performance
CGIIX vs. CVTRX - Performance Comparison
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Returns By Period
In the year-to-date period, CGIIX achieves a 9.96% return, which is significantly lower than CVTRX's 10.64% return. Both investments have delivered pretty close results over the past 10 years, with CGIIX having a 12.92% annualized return and CVTRX not far behind at 12.72%.
CGIIX
- 1D
- -0.74%
- 1M
- -1.45%
- 6M
- 7.98%
- YTD
- 9.96%
- 1Y
- 19.56%
- 3Y*
- 17.67%
- 5Y*
- 10.91%
- 10Y*
- 12.92%
CVTRX
- 1D
- -0.91%
- 1M
- -0.73%
- 6M
- 8.65%
- YTD
- 10.64%
- 1Y
- 20.16%
- 3Y*
- 17.91%
- 5Y*
- 10.80%
- 10Y*
- 12.72%
CGIIX vs. CVTRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CGIIX Calamos Growth and Income Fund Class I | 9.96% | 17.75% | 20.97% | 20.69% | -18.25% | 21.35% | 22.71% | 26.30% | -3.74% | 16.23% |
CVTRX Calamos Growth and Income Fund | 10.64% | 17.46% | 20.66% | 20.36% | -18.45% | 21.05% | 22.43% | 25.97% | -3.97% | 16.06% |
Correlation
The correlation between CGIIX and CVTRX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 1997 | 0.99 |
The correlation between CGIIX and CVTRX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
CGIIX vs. CVTRX — Risk / Return Rank
CGIIX
CVTRX
CGIIX vs. CVTRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Growth and Income Fund Class I (CGIIX) and Calamos Growth and Income Fund (CVTRX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CGIIX | CVTRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.29 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 2.30 | -0.12 |
| Martin ratioReturn relative to average drawdown | 9.38 | 9.92 | -0.53 |
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Drawdowns
CGIIX vs. CVTRX - Drawdown Comparison
The maximum CGIIX drawdown since its inception was -49.16%, which is greater than CVTRX's maximum drawdown of -44.13%. Use the drawdown chart below to compare losses from any high point for CGIIX and CVTRX.
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Drawdown Indicators
| CGIIX | CVTRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.16% | -44.13% | -5.03% |
Max Drawdown (1Y)Largest decline over 1 year | -9.09% | -9.14% | +0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -16.42% | -16.45% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -23.16% | -23.30% | +0.14% |
Max Drawdown (10Y)Largest decline over 10 years | -28.21% | -28.20% | -0.01% |
Current DrawdownCurrent decline from peak | -1.94% | -1.24% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -9.25% | -5.16% | -4.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 2.12% | -0.01% |
Volatility
CGIIX vs. CVTRX - Volatility Comparison
Calamos Growth and Income Fund Class I (CGIIX) and Calamos Growth and Income Fund (CVTRX) have volatilities of 3.69% and 3.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGIIX | CVTRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 3.65% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 10.29% | 10.29% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.74% | 12.72% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.99% | 14.99% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.41% | 15.40% | +0.01% |
CGIIX vs. CVTRX - Expense Ratio Comparison
CGIIX has a 1.32% expense ratio, which is higher than CVTRX's 1.05% expense ratio.
Dividends
CGIIX vs. CVTRX - Dividend Comparison
CGIIX's dividend yield for the trailing twelve months is around 7.19%, more than CVTRX's 6.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGIIX Calamos Growth and Income Fund Class I | 7.19% | 8.02% | 5.36% | 4.59% | 4.53% | 6.05% | 3.59% | 3.95% | 9.30% | 7.69% | 7.84% | 7.41% |
CVTRX Calamos Growth and Income Fund | 6.61% | 7.38% | 4.83% | 4.18% | 4.02% | 5.52% | 3.22% | 3.56% | 8.61% | 7.21% | 7.31% | 6.96% |
Frequently Asked Questions
With a correlation of 1.00, CGIIX and CVTRX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
CGIIX has higher volatility (3.69%) compared to CVTRX (3.65%). In terms of maximum drawdown, CGIIX dropped -49.16% vs CVTRX's -44.13%.
CVTRX currently has the higher Sharpe Ratio (1.65 vs 1.56), 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.
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