CICVX vs. CVRT
Compare and contrast key facts about Calamos Convertible Fund (CICVX) and Calamos Convertible Equity Alternative ETF (CVRT).
CICVX is managed by Calamos. It was launched on Jun 25, 1997. CVRT is an actively managed fund by Calamos. It was launched on Oct 4, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CICVX or CVRT.
Correlation
The correlation between CICVX and CVRT is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CICVX vs. CVRT - Performance Comparison
Key characteristics
CICVX:
1.36
CVRT:
0.80
CICVX:
1.89
CVRT:
1.26
CICVX:
1.24
CVRT:
1.18
CICVX:
0.41
CVRT:
1.43
CICVX:
5.68
CVRT:
5.05
CICVX:
2.15%
CVRT:
3.52%
CICVX:
8.99%
CVRT:
22.18%
CICVX:
-37.35%
CVRT:
-12.46%
CICVX:
-19.61%
CVRT:
-4.24%
Returns By Period
In the year-to-date period, CICVX achieves a 3.32% return, which is significantly lower than CVRT's 3.90% return.
CICVX
3.32%
-0.32%
8.58%
14.23%
3.08%
3.46%
CVRT
3.90%
-2.56%
13.85%
23.42%
N/A
N/A
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CICVX vs. CVRT - Expense Ratio Comparison
CICVX has a 0.85% expense ratio, which is higher than CVRT's 0.69% expense ratio.
Risk-Adjusted Performance
CICVX vs. CVRT — Risk-Adjusted Performance Rank
CICVX
CVRT
CICVX vs. CVRT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Convertible Fund (CICVX) and Calamos Convertible Equity Alternative ETF (CVRT). 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.
Dividends
CICVX vs. CVRT - Dividend Comparison
CICVX's dividend yield for the trailing twelve months is around 1.21%, less than CVRT's 1.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CICVX Calamos Convertible Fund | 1.21% | 1.25% | 1.19% | 0.94% | 0.02% | 0.82% | 1.40% | 3.44% | 1.55% | 3.44% | 5.40% | 2.66% |
CVRT Calamos Convertible Equity Alternative ETF | 1.54% | 1.50% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CICVX vs. CVRT - Drawdown Comparison
The maximum CICVX drawdown since its inception was -37.35%, which is greater than CVRT's maximum drawdown of -12.46%. Use the drawdown chart below to compare losses from any high point for CICVX and CVRT. For additional features, visit the drawdowns tool.
Volatility
CICVX vs. CVRT - Volatility Comparison
The current volatility for Calamos Convertible Fund (CICVX) is 2.55%, while Calamos Convertible Equity Alternative ETF (CVRT) has a volatility of 15.28%. This indicates that CICVX experiences smaller price fluctuations and is considered to be less risky than CVRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.