CHW vs. CHYDX
CHW (Calamos Global Dynamic Income Fund) and CHYDX (Calamos High Income Opportunities Fund) are both mutual funds - CHW is a Global Allocation fund actively managed by Calamos, while CHYDX is a High Yield Bonds fund managed by Calamos. Over the past 10 years, CHW returned 11.54%/yr vs 4.77%/yr for CHYDX. Their 0.50 correlation means their historical movements had little consistent relationship. CHW charges 2.63%/yr vs 1.00%/yr for CHYDX.
Performance
CHW vs. CHYDX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CHW achieves a 16.29% return, which is significantly higher than CHYDX's 2.15% return. Over the past 10 years, CHW has outperformed CHYDX with an annualized return of 11.54%, while CHYDX has yielded a comparatively lower 4.77% annualized return.
CHW
- 1D
- 1.34%
- 1M
- -4.60%
- 6M
- 7.58%
- YTD
- 16.29%
- 1Y
- 26.53%
- 3Y*
- 20.54%
- 5Y*
- 3.45%
- 10Y*
- 11.54%
- ALL TIME*
- 6.89%
CHYDX
- 1D
- 0.13%
- 1M
- -0.13%
- 6M
- 1.64%
- YTD
- 2.15%
- 1Y
- 5.02%
- 3Y*
- 7.46%
- 5Y*
- 3.63%
- 10Y*
- 4.77%
- ALL TIME*
- 5.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.39M | $2.48M | $2.03M | |
| $0.00 | $0.00 | $0.00 |
CHW vs. CHYDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CHW Calamos Global Dynamic Income Fund | 16.29% | 19.55% | 27.82% | 14.55% | -37.74% | 13.07% | 22.28% | 47.12% | -20.33% | 43.78% |
CHYDX Calamos High Income Opportunities Fund | 2.15% | 6.72% | 7.78% | 12.26% | -10.35% | 6.44% | 4.78% | 14.29% | -4.30% | 6.05% |
Correlation
The correlation between CHW and CHYDX is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.50 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2007 | 0.50 |
The correlation between CHW and CHYDX has been stable across timeframes, ranging from 0.48 to 0.53 - a consistent structural relationship.
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
CHW vs. CHYDX — Risk / Return Rank
CHW
CHYDX
CHW vs. CHYDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Global Dynamic Income Fund (CHW) and Calamos High Income Opportunities Fund (CHYDX). 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.
| CHW | CHYDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.50 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 2.91 | -1.29 |
| Martin ratioReturn relative to average drawdown | 5.65 | 13.39 | -7.74 |
Loading charts...
Drawdowns
CHW vs. CHYDX - Drawdown Comparison
The maximum CHW drawdown since its inception was -66.94%, which is greater than CHYDX's maximum drawdown of -35.03%. Use the drawdown chart below to compare losses from any high point for CHW and CHYDX.
Loading charts...
Drawdown Indicators
| CHW | CHYDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.94% | -35.03% | -31.91% |
Max Drawdown (1Y)Largest decline over 1 year | -15.51% | -1.73% | -13.78% |
Max Drawdown (3Y)Largest decline over 3 years | -20.40% | -3.50% | -16.90% |
Max Drawdown (5Y)Largest decline over 5 years | -45.48% | -13.66% | -31.82% |
Max Drawdown (10Y)Largest decline over 10 years | -53.58% | -23.35% | -30.23% |
Current DrawdownCurrent decline from peak | -8.14% | -0.26% | -7.88% |
Average DrawdownAverage peak-to-trough decline | -14.79% | -2.75% | -12.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.43% | 0.37% | +4.06% |
Volatility
CHW vs. CHYDX - Volatility Comparison
Calamos Global Dynamic Income Fund (CHW) has a higher volatility of 5.13% compared to Calamos High Income Opportunities Fund (CHYDX) at 0.50%. This indicates that CHW's price experiences larger fluctuations and is considered to be riskier than CHYDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CHW | CHYDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.13% | 0.50% | +4.63% |
Volatility (6M)Calculated over the trailing 6-month period | 15.11% | 1.78% | +13.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.41% | 2.22% | +15.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.17% | 4.07% | +15.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.32% | 4.93% | +17.39% |
CHW vs. CHYDX - Expense Ratio Comparison
CHW has a 2.63% expense ratio, which is higher than CHYDX's 1.00% expense ratio.
Dividends
CHW vs. CHYDX - Dividend Comparison
CHW's dividend yield for the trailing twelve months is around 7.35%, more than CHYDX's 5.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHW Calamos Global Dynamic Income Fund | 7.35% | 8.10% | 8.89% | 10.40% | 13.62% | 8.43% | 8.79% | 9.67% | 12.82% | 9.25% | 12.05% | 11.73% |
CHYDX Calamos High Income Opportunities Fund | 5.59% | 6.39% | 6.30% | 6.28% | 5.47% | 4.48% | 5.26% | 5.85% | 6.62% | 4.87% | 4.94% | 5.43% |
Frequently Asked Questions
CHW and CHYDX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CHW has higher volatility (5.13%) compared to CHYDX (0.50%). In terms of maximum drawdown, CHW dropped -66.94% vs CHYDX's -35.03%.
CHYDX currently has the higher Sharpe Ratio (2.26 vs 1.44), 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 CHW and CHYDX
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