CHY vs. NFLX

Last updated Jun 4, 2026

CHY (Calamos Convertible and High Income Closed Fund) is Convertible Bonds fund actively managed by Calamos, while NFLX (Netflix, Inc.) is a stock. Over the past 10 years, CHY returned 12.95%/yr vs 23.40%/yr for NFLX. At a 0.26 correlation, their price movements are largely independent.

Performance

CHY vs. NFLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calamos Convertible and High Income Closed Fund (CHY) and Netflix, Inc. (NFLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHY achieves a 21.02% return, which is significantly higher than NFLX's -13.05% return. Over the past 10 years, CHY has underperformed NFLX with an annualized return of 12.95%, while NFLX has yielded a comparatively higher 23.40% annualized return.

CHY

• 1D: -1.05%
• 1M: 6.74%
• YTD: 21.02%
• 6M: 21.09%
• 1Y: 40.53%
• 3Y*: 20.40%
• 5Y*: 6.51%
• 10Y*: 12.95%

NFLX

• 1D: -2.17%
• 1M: -10.44%
• YTD: -13.05%
• 6M: -21.59%
• 1Y: -33.07%
• 3Y*: 26.74%
• 5Y*: 10.50%
• 10Y*: 23.40%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CHY vs. NFLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CHY Calamos Convertible and High Income Closed Fund	21.02%	3.97%	17.24%	20.78%	-28.05%	22.17%	36.75%	32.63%	-12.60%	24.44%
NFLX Netflix, Inc.	-13.05%	5.19%	83.07%	65.11%	-51.05%	11.41%	67.11%	20.89%	39.44%	55.06%

Correlation

The correlation between CHY and NFLX is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.35
Correlation (All Time) Calculated using the full available price history since May 30, 2003	0.26

The correlation between CHY and NFLX shifts across timeframes, from 0.09 (1 year) to 0.35 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

CHY vs. NFLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CHY

CHY Risk / Return Rank: 77
CHY Sharpe Ratio Rank: 80
CHY Sortino Ratio Rank: 67
CHY Omega Ratio Rank: 70
CHY Calmar Ratio Rank: 79
CHY Martin Ratio Rank: 90

NFLX

NFLX Risk / Return Rank: 8
NFLX Sharpe Ratio Rank: 4
NFLX Sortino Ratio Rank: 6
NFLX Omega Ratio Rank: 7
NFLX Calmar Ratio Rank: 12
NFLX Martin Ratio Rank: 9

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CHY vs. NFLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calamos Convertible and High Income Closed Fund (CHY) and Netflix, Inc. (NFLX). 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.

	CHY	NFLX	Difference
Sharpe ratio: Return per unit of total volatility	2.59	-1.00	+3.59
Sortino ratio: Return per unit of downside risk	3.41	-1.40	+4.81
Omega ratio: Gain probability vs. loss probability	1.47	0.82	+0.65
Calmar ratio: Return relative to maximum drawdown	3.57	-0.77	+4.33
Martin ratio: Return relative to average drawdown	18.10	-1.36	+19.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CHY vs. NFLX - Sharpe Ratio Comparison

The current CHY Sharpe Ratio is 2.59, which is higher than the NFLX Sharpe Ratio of -1.00. The chart below compares the historical Sharpe Ratios of CHY and NFLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CHY	NFLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.59	-1.00	+3.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	0.24	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.57	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.57	-0.17

Drawdowns

CHY vs. NFLX - Drawdown Comparison

The maximum CHY drawdown since its inception was -60.53%, smaller than the maximum NFLX drawdown of -81.99%. Use the drawdown chart below to compare losses from any high point for CHY and NFLX.

Drawdown Indicators

	CHY	NFLX	Difference
Max Drawdown Largest peak-to-trough decline	-60.53%	-81.99%	+21.46%
Max Drawdown (1Y) Largest decline over 1 year	-11.42%	-43.35%	+31.93%
Max Drawdown (3Y) Largest decline over 3 years	-24.32%	-43.35%	+19.03%
Max Drawdown (5Y) Largest decline over 5 years	-35.99%	-75.95%	+39.96%
Max Drawdown (10Y) Largest decline over 10 years	-50.41%	-75.95%	+25.54%
Current Drawdown Current decline from peak	-1.05%	-39.12%	+38.07%
Average Drawdown Average peak-to-trough decline	-9.10%	-24.89%	+15.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	24.34%	-22.10%

Volatility

CHY vs. NFLX - Volatility Comparison

Calamos Convertible and High Income Closed Fund (CHY) and Netflix, Inc. (NFLX) have volatilities of 7.10% and 7.24%, 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.

Volatility by Period

	CHY	NFLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.10%	7.24%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	13.35%	25.66%	-12.31%
Volatility (1Y) Calculated over the trailing 1-year period	15.72%	33.14%	-17.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.31%	43.11%	-23.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.27%	41.52%	-18.25%

Dividends

CHY vs. NFLX - Dividend Comparison

CHY's dividend yield for the trailing twelve months is around 9.06%, while NFLX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHY Calamos Convertible and High Income Closed Fund	9.06%	10.61%	9.88%	10.46%	11.37%	7.42%	7.14%	8.72%	12.13%	10.13%	11.37%	11.42%
NFLX Netflix, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CHY and NFLX in my portfolio?

CHY and NFLX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CHY or NFLX?

NFLX has higher volatility (7.24%) compared to CHY (7.10%). In terms of maximum drawdown, CHY dropped -60.53% vs NFLX's -81.99%.

Which has better risk-adjusted returns?

CHY currently has the higher Sharpe Ratio (2.59 vs -1.00), 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.