CHI vs. GCV
Compare and contrast key facts about Calamos Convertible Opportunities and Income Fund (CHI) and The Gabelli Convertible and Income Securities Fund Inc (GCV).
CHI is an actively managed fund by Calamos. It was launched on Jun 25, 1997. GCV is managed by Gabelli Funds. It was launched on Jul 3, 1989.
Performance
CHI vs. GCV - Performance Comparison
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CHI vs. GCV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CHI Calamos Convertible Opportunities and Income Fund | 7.61% | -2.15% | 27.23% | 9.49% | -23.31% | 20.31% | 33.82% | 35.66% | -12.67% | 22.70% |
GCV The Gabelli Convertible and Income Securities Fund Inc | 7.28% | 22.86% | 19.93% | -15.58% | -23.95% | 19.99% | 16.97% | 45.72% | -19.03% | 37.30% |
Returns By Period
The year-to-date returns for both stocks are quite close, with CHI having a 7.61% return and GCV slightly lower at 7.28%. Over the past 10 years, CHI has outperformed GCV with an annualized return of 11.94%, while GCV has yielded a comparatively lower 9.66% annualized return.
CHI
- 1D
- 3.26%
- 1M
- -2.74%
- YTD
- 7.61%
- 6M
- 8.24%
- 1Y
- 26.79%
- 3Y*
- 12.98%
- 5Y*
- 4.69%
- 10Y*
- 11.94%
GCV
- 1D
- 1.17%
- 1M
- 0.05%
- YTD
- 7.28%
- 6M
- 9.32%
- 1Y
- 30.46%
- 3Y*
- 12.00%
- 5Y*
- 3.92%
- 10Y*
- 9.66%
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CHI vs. GCV - Expense Ratio Comparison
CHI has a 0.88% expense ratio, which is higher than GCV's 0.01% expense ratio.
Return for Risk
CHI vs. GCV — Risk / Return Rank
CHI
GCV
CHI vs. GCV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Convertible Opportunities and Income Fund (CHI) and The Gabelli Convertible and Income Securities Fund Inc (GCV). 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.
| CHI | GCV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.36 | 1.58 | -0.23 |
Sortino ratioReturn per unit of downside risk | 2.00 | 2.13 | -0.13 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.31 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.49 | 2.25 | +0.24 |
Martin ratioReturn relative to average drawdown | 9.85 | 9.80 | +0.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CHI | GCV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 1.58 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.19 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.41 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.18 | +0.21 |
Correlation
The correlation between CHI and GCV is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CHI vs. GCV - Dividend Comparison
CHI's dividend yield for the trailing twelve months is around 10.28%, less than GCV's 11.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHI Calamos Convertible Opportunities and Income Fund | 10.28% | 10.88% | 9.55% | 11.00% | 10.85% | 7.54% | 6.75% | 8.49% | 12.19% | 10.19% | 11.30% | 11.50% |
GCV The Gabelli Convertible and Income Securities Fund Inc | 11.09% | 11.57% | 12.60% | 13.33% | 10.00% | 8.14% | 7.68% | 8.21% | 10.93% | 8.14% | 8.72% | 10.04% |
Drawdowns
CHI vs. GCV - Drawdown Comparison
The maximum CHI drawdown since its inception was -64.72%, which is greater than GCV's maximum drawdown of -55.67%. Use the drawdown chart below to compare losses from any high point for CHI and GCV.
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Drawdown Indicators
| CHI | GCV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.72% | -55.67% | -9.05% |
Max Drawdown (1Y)Largest decline over 1 year | -11.55% | -13.47% | +1.92% |
Max Drawdown (5Y)Largest decline over 5 years | -36.03% | -45.90% | +9.87% |
Max Drawdown (10Y)Largest decline over 10 years | -49.64% | -45.90% | -3.74% |
Current DrawdownCurrent decline from peak | -4.32% | -2.70% | -1.62% |
Average DrawdownAverage peak-to-trough decline | -9.73% | -12.62% | +2.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 3.09% | -0.17% |
Volatility
CHI vs. GCV - Volatility Comparison
Calamos Convertible Opportunities and Income Fund (CHI) has a higher volatility of 8.57% compared to The Gabelli Convertible and Income Securities Fund Inc (GCV) at 7.89%. This indicates that CHI's price experiences larger fluctuations and is considered to be riskier than GCV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CHI | GCV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.57% | 7.89% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 13.83% | 12.56% | +1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.88% | 19.32% | +0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.01% | 21.18% | -1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.09% | 23.48% | -0.39% |