CHI vs. ANNPX
CHI (Calamos Convertible Opportunities and Income Fund) and ANNPX (Virtus Convertible Fund) are both Convertible Bonds funds. Over the past 10 years, CHI returned 13.79%/yr vs 14.61%/yr for ANNPX. A 0.50 correlation means they provide meaningful diversification when combined. CHI charges 0.88%/yr vs 0.71%/yr for ANNPX.
Performance
CHI vs. ANNPX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CHI achieves a 30.21% return, which is significantly higher than ANNPX's 19.49% return. Over the past 10 years, CHI has underperformed ANNPX with an annualized return of 13.79%, while ANNPX has yielded a comparatively higher 14.61% annualized return.
CHI
- 1D
- 1.08%
- 1M
- 5.34%
- YTD
- 30.21%
- 6M
- 26.31%
- 1Y
- 41.13%
- 3Y*
- 18.46%
- 5Y*
- 7.33%
- 10Y*
- 13.79%
ANNPX
- 1D
- -0.67%
- 1M
- 0.14%
- YTD
- 19.49%
- 6M
- 17.75%
- 1Y
- 39.70%
- 3Y*
- 20.24%
- 5Y*
- 7.99%
- 10Y*
- 14.61%
CHI vs. ANNPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CHI Calamos Convertible Opportunities and Income Fund | 30.21% | -2.15% | 27.23% | 9.49% | -23.31% | 20.31% | 33.82% | 35.66% | -12.67% | 22.70% |
ANNPX Virtus Convertible Fund | 19.49% | 22.50% | 14.13% | 8.39% | -18.65% | 4.96% | 55.99% | 26.45% | 2.76% | 15.22% |
Correlation
The correlation between CHI and ANNPX is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2002 | 0.50 |
Over the past year, CHI and ANNPX have become more correlated (0.74) than their long-term average of 0.50, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CHI vs. ANNPX — Risk / Return Rank
CHI
ANNPX
CHI vs. ANNPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Convertible Opportunities and Income Fund (CHI) and Virtus Convertible Fund (ANNPX). 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.
| CHI | ANNPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.46 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 5.50 | -1.64 |
| Martin ratioReturn relative to average drawdown | 15.16 | 22.82 | -7.65 |
Loading charts...
Drawdowns
CHI vs. ANNPX - Drawdown Comparison
The maximum CHI drawdown since its inception was -64.72%, which is greater than ANNPX's maximum drawdown of -55.61%. Use the drawdown chart below to compare losses from any high point for CHI and ANNPX.
Loading charts...
Drawdown Indicators
| CHI | ANNPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.72% | -55.61% | -9.11% |
Max Drawdown (1Y)Largest decline over 1 year | -10.71% | -7.15% | -3.56% |
Max Drawdown (3Y)Largest decline over 3 years | -27.52% | -13.67% | -13.85% |
Max Drawdown (5Y)Largest decline over 5 years | -36.03% | -26.85% | -9.18% |
Max Drawdown (10Y)Largest decline over 10 years | -49.64% | -27.36% | -22.28% |
Current DrawdownCurrent decline from peak | -0.91% | -2.15% | +1.24% |
Average DrawdownAverage peak-to-trough decline | -9.65% | -17.42% | +7.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 1.72% | +1.00% |
Volatility
CHI vs. ANNPX - Volatility Comparison
Calamos Convertible Opportunities and Income Fund (CHI) and Virtus Convertible Fund (ANNPX) have volatilities of 5.42% and 5.68%, 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.
Loading charts...
Volatility by Period
| CHI | ANNPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 5.68% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 13.82% | 12.08% | +1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.21% | 14.85% | +2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.15% | 13.02% | +7.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.21% | 13.65% | +9.56% |
CHI vs. ANNPX - Expense Ratio Comparison
CHI has a 0.88% expense ratio, which is higher than ANNPX's 0.71% expense ratio.
Dividends
CHI vs. ANNPX - Dividend Comparison
CHI's dividend yield for the trailing twelve months is around 8.70%, less than ANNPX's 9.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANNPX Virtus Convertible Fund | 9.23% | 11.32% | 2.31% | 2.56% | 1.55% | 20.74% | 6.94% | 5.12% | 18.79% | 23.47% | 2.88% | 10.63% |
CHI Calamos Convertible Opportunities and Income Fund | 8.70% | 10.88% | 9.55% | 11.00% | 10.85% | 7.54% | 6.75% | 8.49% | 12.19% | 10.19% | 11.30% | 11.50% |
Frequently Asked Questions
CHI and ANNPX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ANNPX has higher volatility (5.68%) compared to CHI (5.42%). In terms of maximum drawdown, CHI dropped -64.72% vs ANNPX's -55.61%.
ANNPX currently has the higher Sharpe Ratio (2.65 vs 2.40), 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.
Find the right allocation for CHI and ANNPX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer