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CICVX vs. CPLIX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

CICVX vs. CPLIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calamos Convertible Fund (CICVX) and Calamos Phineus Long/Short Fund (CPLIX). The values are adjusted to include any dividend payments, if applicable.

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CICVX vs. CPLIX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
CICVX
Calamos Convertible Fund
0.23%19.03%9.94%10.95%-21.02%5.36%48.84%19.51%0.59%14.21%
CPLIX
Calamos Phineus Long/Short Fund
-4.56%9.89%8.89%8.04%-0.96%7.52%19.81%3.97%-5.96%9.22%

Returns By Period

In the year-to-date period, CICVX achieves a 0.23% return, which is significantly higher than CPLIX's -4.56% return.


CICVX

1D
-1.77%
1M
-6.19%
YTD
0.23%
6M
1.71%
1Y
23.96%
3Y*
12.12%
5Y*
3.59%
10Y*
10.31%

CPLIX

1D
0.00%
1M
-5.24%
YTD
-4.56%
6M
-5.82%
1Y
3.91%
3Y*
6.48%
5Y*
3.16%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

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CICVX vs. CPLIX - Expense Ratio Comparison

CICVX has a 0.85% expense ratio, which is lower than CPLIX's 1.38% expense ratio.


Return for Risk

CICVX vs. CPLIX — Risk / Return Rank

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

CICVX
CICVX Risk / Return Rank: 8484
Overall Rank
CICVX Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
CICVX Sortino Ratio Rank: 8282
Sortino Ratio Rank
CICVX Omega Ratio Rank: 7575
Omega Ratio Rank
CICVX Calmar Ratio Rank: 9292
Calmar Ratio Rank
CICVX Martin Ratio Rank: 8989
Martin Ratio Rank

CPLIX
CPLIX Risk / Return Rank: 1313
Overall Rank
CPLIX Sharpe Ratio Rank: 1515
Sharpe Ratio Rank
CPLIX Sortino Ratio Rank: 1515
Sortino Ratio Rank
CPLIX Omega Ratio Rank: 1313
Omega Ratio Rank
CPLIX Calmar Ratio Rank: 1212
Calmar Ratio Rank
CPLIX Martin Ratio Rank: 1212
Martin Ratio Rank
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.

CICVX vs. CPLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calamos Convertible Fund (CICVX) and Calamos Phineus Long/Short Fund (CPLIX). 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.


CICVXCPLIXDifference

Sharpe ratio

Return per unit of total volatility

1.54

0.39

+1.15

Sortino ratio

Return per unit of downside risk

2.10

0.65

+1.45

Omega ratio

Gain probability vs. loss probability

1.29

1.08

+0.21

Calmar ratio

Return relative to maximum drawdown

2.73

0.31

+2.42

Martin ratio

Return relative to average drawdown

9.81

1.00

+8.81

CICVX vs. CPLIX - Sharpe Ratio Comparison

The current CICVX Sharpe Ratio is 1.54, which is higher than the CPLIX Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of CICVX and CPLIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


CICVXCPLIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.54

0.39

+1.15

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.29

0.26

+0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.81

Sharpe Ratio (All Time)

Calculated using the full available price history

0.29

0.46

-0.17

Correlation

The correlation between CICVX and CPLIX is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Dividends

CICVX vs. CPLIX - Dividend Comparison

CICVX's dividend yield for the trailing twelve months is around 12.57%, more than CPLIX's 5.79% yield.


TTM20252024202320222021202020192018201720162015
CICVX
Calamos Convertible Fund
12.57%12.51%1.83%2.48%0.94%15.90%7.74%1.39%16.75%4.55%3.43%5.41%
CPLIX
Calamos Phineus Long/Short Fund
5.79%5.52%6.90%1.86%0.03%0.00%0.00%0.43%3.88%1.21%0.85%0.00%

Drawdowns

CICVX vs. CPLIX - Drawdown Comparison

The maximum CICVX drawdown since its inception was -49.33%, which is greater than CPLIX's maximum drawdown of -33.71%. Use the drawdown chart below to compare losses from any high point for CICVX and CPLIX.


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Drawdown Indicators


CICVXCPLIXDifference

Max Drawdown

Largest peak-to-trough decline

-49.33%

-33.71%

-15.62%

Max Drawdown (1Y)

Largest decline over 1 year

-7.89%

-8.73%

+0.84%

Max Drawdown (5Y)

Largest decline over 5 years

-27.17%

-18.28%

-8.89%

Max Drawdown (10Y)

Largest decline over 10 years

-27.17%

Current Drawdown

Current decline from peak

-7.70%

-8.73%

+1.03%

Average Drawdown

Average peak-to-trough decline

-17.58%

-4.68%

-12.90%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.20%

2.71%

-0.51%

Volatility

CICVX vs. CPLIX - Volatility Comparison

Calamos Convertible Fund (CICVX) has a higher volatility of 6.16% compared to Calamos Phineus Long/Short Fund (CPLIX) at 2.87%. This indicates that CICVX's price experiences larger fluctuations and is considered to be riskier than CPLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


CICVXCPLIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.16%

2.87%

+3.29%

Volatility (6M)

Calculated over the trailing 6-month period

11.86%

6.07%

+5.79%

Volatility (1Y)

Calculated over the trailing 1-year period

15.31%

9.38%

+5.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.64%

12.27%

+0.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.69%

15.26%

-2.57%