CICVX vs. CPXIX
Compare and contrast key facts about Calamos Convertible Fund (CICVX) and Cohen & Steers Preferred Securities and Income Fund, Inc. (CPXIX).
CICVX is managed by Calamos. It was launched on Jun 25, 1997. CPXIX is managed by Cohen & Steers. It was launched on May 2, 2010.
Performance
CICVX vs. CPXIX - Performance Comparison
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CICVX vs. CPXIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CICVX Calamos Convertible Fund | 0.23% | 19.03% | 9.94% | 10.95% | -21.02% | 5.36% | 48.84% | 19.51% | 0.59% | 14.21% |
CPXIX Cohen & Steers Preferred Securities and Income Fund, Inc. | -1.38% | 8.44% | 10.39% | 6.38% | -12.37% | 2.75% | 6.47% | 18.11% | -4.65% | 10.88% |
Returns By Period
In the year-to-date period, CICVX achieves a 0.23% return, which is significantly higher than CPXIX's -1.38% return. Over the past 10 years, CICVX has outperformed CPXIX with an annualized return of 10.31%, while CPXIX has yielded a comparatively lower 4.63% annualized 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%
CPXIX
- 1D
- -0.08%
- 1M
- -2.69%
- YTD
- -1.38%
- 6M
- -0.05%
- 1Y
- 5.92%
- 3Y*
- 9.11%
- 5Y*
- 2.53%
- 10Y*
- 4.63%
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CICVX vs. CPXIX - Expense Ratio Comparison
CICVX has a 0.85% expense ratio, which is higher than CPXIX's 0.84% expense ratio.
Return for Risk
CICVX vs. CPXIX — Risk / Return Rank
CICVX
CPXIX
CICVX vs. CPXIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Convertible Fund (CICVX) and Cohen & Steers Preferred Securities and Income Fund, Inc. (CPXIX). 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.
| CICVX | CPXIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.54 | 1.83 | -0.29 |
Sortino ratioReturn per unit of downside risk | 2.10 | 2.28 | -0.17 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.43 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 2.73 | 1.65 | +1.08 |
Martin ratioReturn relative to average drawdown | 9.81 | 6.77 | +3.04 |
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
| CICVX | CPXIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.54 | 1.83 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.54 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.76 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 1.14 | -0.85 |
Correlation
The correlation between CICVX and CPXIX is 0.38, 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
CICVX vs. CPXIX - Dividend Comparison
CICVX's dividend yield for the trailing twelve months is around 12.57%, more than CPXIX's 5.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
CPXIX Cohen & Steers Preferred Securities and Income Fund, Inc. | 5.26% | 5.54% | 5.52% | 5.76% | 5.40% | 4.89% | 5.17% | 5.30% | 5.88% | 5.01% | 5.75% | 5.91% |
Drawdowns
CICVX vs. CPXIX - Drawdown Comparison
The maximum CICVX drawdown since its inception was -49.33%, which is greater than CPXIX's maximum drawdown of -25.56%. Use the drawdown chart below to compare losses from any high point for CICVX and CPXIX.
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Drawdown Indicators
| CICVX | CPXIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.33% | -25.56% | -23.77% |
Max Drawdown (1Y)Largest decline over 1 year | -7.89% | -3.26% | -4.63% |
Max Drawdown (5Y)Largest decline over 5 years | -27.17% | -20.00% | -7.17% |
Max Drawdown (10Y)Largest decline over 10 years | -27.17% | -25.56% | -1.61% |
Current DrawdownCurrent decline from peak | -7.70% | -3.00% | -4.70% |
Average DrawdownAverage peak-to-trough decline | -17.58% | -2.72% | -14.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 0.82% | +1.38% |
Volatility
CICVX vs. CPXIX - Volatility Comparison
Calamos Convertible Fund (CICVX) has a higher volatility of 6.16% compared to Cohen & Steers Preferred Securities and Income Fund, Inc. (CPXIX) at 1.22%. This indicates that CICVX's price experiences larger fluctuations and is considered to be riskier than CPXIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CICVX | CPXIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.16% | 1.22% | +4.94% |
Volatility (6M)Calculated over the trailing 6-month period | 11.86% | 1.76% | +10.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.31% | 3.16% | +12.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.64% | 4.67% | +7.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.69% | 6.15% | +6.54% |