CIGEX vs. CXGCX
CIGEX (Calamos Global Equity Fund) and CXGCX (Calamos Global Convertible Fund) are both mutual funds - CIGEX is a Global Equities fund managed by Calamos, while CXGCX is a Convertible Bonds fund managed by Calamos. Over the past 10 years, CIGEX returned 14.37%/yr vs 9.01%/yr for CXGCX. Their correlation of 0.84 means they have usually moved in the same direction. CIGEX charges 1.15%/yr vs 1.03%/yr for CXGCX.
Performance
CIGEX vs. CXGCX - Performance Comparison
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Returns By Period
In the year-to-date period, CIGEX achieves a 12.90% return, which is significantly lower than CXGCX's 14.32% return. Over the past 10 years, CIGEX has outperformed CXGCX with an annualized return of 14.37%, while CXGCX has yielded a comparatively lower 9.01% annualized return.
CIGEX
- 1D
- 0.69%
- 1M
- -2.96%
- 6M
- 7.07%
- YTD
- 12.90%
- 1Y
- 19.98%
- 3Y*
- 22.26%
- 5Y*
- 10.50%
- 10Y*
- 14.37%
- ALL TIME*
- 10.16%
CXGCX
- 1D
- 0.19%
- 1M
- 0.06%
- 6M
- 11.17%
- YTD
- 14.32%
- 1Y
- 23.49%
- 3Y*
- 15.12%
- 5Y*
- 5.34%
- 10Y*
- 9.01%
- ALL TIME*
- 7.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CIGEX vs. CXGCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CIGEX Calamos Global Equity Fund | 12.90% | 18.46% | 30.61% | 24.55% | -27.42% | 16.61% | 44.24% | 29.43% | -15.54% | 34.56% |
CXGCX Calamos Global Convertible Fund | 14.32% | 18.49% | 10.98% | 13.48% | -22.06% | -0.31% | 38.60% | 15.18% | -2.76% | 14.25% |
Correlation
The correlation between CIGEX and CXGCX is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.84 |
The correlation between CIGEX and CXGCX has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.
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Return for Risk
CIGEX vs. CXGCX — Risk / Return Rank
CIGEX
CXGCX
CIGEX vs. CXGCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Global Equity Fund (CIGEX) and Calamos Global Convertible Fund (CXGCX). 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.
| CIGEX | CXGCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.36 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 3.98 | -2.64 |
| Martin ratioReturn relative to average drawdown | 4.29 | 11.33 | -7.04 |
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Drawdowns
CIGEX vs. CXGCX - Drawdown Comparison
The maximum CIGEX drawdown since its inception was -60.48%, which is greater than CXGCX's maximum drawdown of -30.74%. Use the drawdown chart below to compare losses from any high point for CIGEX and CXGCX.
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Drawdown Indicators
| CIGEX | CXGCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.48% | -30.74% | -29.74% |
Max Drawdown (1Y)Largest decline over 1 year | -13.31% | -5.75% | -7.56% |
Max Drawdown (3Y)Largest decline over 3 years | -20.41% | -8.92% | -11.49% |
Max Drawdown (5Y)Largest decline over 5 years | -35.81% | -28.88% | -6.93% |
Max Drawdown (10Y)Largest decline over 10 years | -35.81% | -30.74% | -5.07% |
Current DrawdownCurrent decline from peak | -7.98% | -2.65% | -5.33% |
Average DrawdownAverage peak-to-trough decline | -10.29% | -7.19% | -3.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.15% | 2.01% | +2.14% |
Volatility
CIGEX vs. CXGCX - Volatility Comparison
Calamos Global Equity Fund (CIGEX) has a higher volatility of 6.39% compared to Calamos Global Convertible Fund (CXGCX) at 2.89%. This indicates that CIGEX's price experiences larger fluctuations and is considered to be riskier than CXGCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIGEX | CXGCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.39% | 2.89% | +3.50% |
Volatility (6M)Calculated over the trailing 6-month period | 18.30% | 8.62% | +9.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.59% | 10.97% | +10.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.89% | 9.82% | +10.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | 9.58% | +10.02% |
CIGEX vs. CXGCX - Expense Ratio Comparison
CIGEX has a 1.15% expense ratio, which is higher than CXGCX's 1.03% expense ratio.
Dividends
CIGEX vs. CXGCX - Dividend Comparison
CIGEX's dividend yield for the trailing twelve months is around 13.61%, more than CXGCX's 4.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIGEX Calamos Global Equity Fund | 13.61% | 15.37% | 8.67% | 0.10% | 4.43% | 11.75% | 6.51% | 7.44% | 27.66% | 9.21% | 4.62% | 1.98% |
CXGCX Calamos Global Convertible Fund | 4.68% | 5.15% | 0.00% | 0.39% | 0.00% | 14.77% | 8.19% | 2.36% | 5.75% | 3.73% | 2.22% | 1.30% |
Frequently Asked Questions
CIGEX and CXGCX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CIGEX has higher volatility (6.39%) compared to CXGCX (2.89%). In terms of maximum drawdown, CIGEX dropped -60.48% vs CXGCX's -30.74%.
CXGCX currently has the higher Sharpe Ratio (2.08 vs 0.83), 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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