CHW vs. PDPAX
CHW (Calamos Global Dynamic Income Fund) and PDPAX (Virtus Duff & Phelps Real Asset Fund) are both Global Allocation funds. Over the past 10 years, CHW returned 11.54%/yr vs 7.14%/yr for PDPAX. Their 0.57 correlation means they have sometimes moved together and sometimes differently. CHW charges 2.63%/yr vs 0.81%/yr for PDPAX.
Performance
CHW vs. PDPAX - Performance Comparison
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Returns By Period
In the year-to-date period, CHW achieves a 16.29% return, which is significantly higher than PDPAX's 13.01% return. Over the past 10 years, CHW has outperformed PDPAX with an annualized return of 11.54%, while PDPAX has yielded a comparatively lower 7.14% 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%
PDPAX
- 1D
- 0.45%
- 1M
- 1.48%
- 6M
- 7.68%
- YTD
- 13.01%
- 1Y
- 21.01%
- 3Y*
- 13.28%
- 5Y*
- 9.11%
- 10Y*
- 7.14%
- ALL TIME*
- 4.50%
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. PDPAX - 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% |
PDPAX Virtus Duff & Phelps Real Asset Fund | 13.01% | 15.90% | 9.45% | 4.73% | -2.66% | 21.15% | -3.18% | 16.84% | -9.35% | 8.15% |
Correlation
The correlation between CHW and PDPAX is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2007 | 0.58 |
The correlation between CHW and PDPAX shifts across timeframes, from 0.38 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CHW vs. PDPAX — Risk / Return Rank
CHW
PDPAX
CHW vs. PDPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Global Dynamic Income Fund (CHW) and Virtus Duff & Phelps Real Asset Fund (PDPAX). 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 | PDPAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.38 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 2.91 | -1.29 |
| Martin ratioReturn relative to average drawdown | 5.65 | 10.96 | -5.31 |
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Drawdowns
CHW vs. PDPAX - Drawdown Comparison
The maximum CHW drawdown since its inception was -66.94%, which is greater than PDPAX's maximum drawdown of -43.40%. Use the drawdown chart below to compare losses from any high point for CHW and PDPAX.
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Drawdown Indicators
| CHW | PDPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.94% | -43.40% | -23.54% |
Max Drawdown (1Y)Largest decline over 1 year | -15.51% | -7.08% | -8.43% |
Max Drawdown (3Y)Largest decline over 3 years | -20.40% | -10.66% | -9.74% |
Max Drawdown (5Y)Largest decline over 5 years | -45.48% | -18.87% | -26.61% |
Max Drawdown (10Y)Largest decline over 10 years | -53.58% | -32.24% | -21.34% |
Current DrawdownCurrent decline from peak | -8.14% | -1.17% | -6.97% |
Average DrawdownAverage peak-to-trough decline | -14.79% | -7.57% | -7.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.43% | 1.88% | +2.55% |
Volatility
CHW vs. PDPAX - Volatility Comparison
Calamos Global Dynamic Income Fund (CHW) has a higher volatility of 5.13% compared to Virtus Duff & Phelps Real Asset Fund (PDPAX) at 2.46%. This indicates that CHW's price experiences larger fluctuations and is considered to be riskier than PDPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CHW | PDPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.13% | 2.46% | +2.67% |
Volatility (6M)Calculated over the trailing 6-month period | 15.11% | 7.78% | +7.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.41% | 9.69% | +7.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.17% | 13.11% | +6.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.32% | 12.82% | +9.50% |
CHW vs. PDPAX - Expense Ratio Comparison
CHW has a 2.63% expense ratio, which is higher than PDPAX's 0.81% expense ratio.
Dividends
CHW vs. PDPAX - Dividend Comparison
CHW's dividend yield for the trailing twelve months is around 7.35%, more than PDPAX's 1.57% 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% |
PDPAX Virtus Duff & Phelps Real Asset Fund | 1.57% | 1.77% | 3.65% | 2.08% | 1.06% | 0.76% | 0.68% | 3.09% | 2.38% | 1.92% | 0.80% | 1.13% |
Frequently Asked Questions
CHW and PDPAX have a correlation of 0.38, 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 PDPAX (2.46%). In terms of maximum drawdown, CHW dropped -66.94% vs PDPAX's -43.40%.
PDPAX currently has the higher Sharpe Ratio (2.14 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.
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