CIGIX vs. CIHEX
Compare and contrast key facts about Calamos International Growth Fund (CIGIX) and Calamos Hedged Equity Fund (CIHEX).
CIGIX is managed by Calamos. It was launched on Mar 15, 2005. CIHEX is managed by Calamos. It was launched on Dec 30, 2014.
Performance
CIGIX vs. CIHEX - Performance Comparison
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CIGIX vs. CIHEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CIGIX Calamos International Growth Fund | 2.79% | 23.11% | 12.51% | 15.33% | -30.54% | -8.98% | 44.95% | 29.69% | -20.93% | 39.54% |
CIHEX Calamos Hedged Equity Fund | -2.14% | 11.36% | 14.96% | 15.88% | -11.11% | 13.31% | 9.66% | 14.47% | 0.87% | 8.37% |
Returns By Period
In the year-to-date period, CIGIX achieves a 2.79% return, which is significantly higher than CIHEX's -2.14% return. Both investments have delivered pretty close results over the past 10 years, with CIGIX having a 7.89% annualized return and CIHEX not far behind at 7.78%.
CIGIX
- 1D
- 4.06%
- 1M
- -11.48%
- YTD
- 2.79%
- 6M
- 1.17%
- 1Y
- 25.77%
- 3Y*
- 14.41%
- 5Y*
- 0.04%
- 10Y*
- 7.89%
CIHEX
- 1D
- 1.46%
- 1M
- -2.44%
- YTD
- -2.14%
- 6M
- -0.60%
- 1Y
- 11.29%
- 3Y*
- 11.60%
- 5Y*
- 7.06%
- 10Y*
- 7.78%
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CIGIX vs. CIHEX - Expense Ratio Comparison
CIGIX has a 0.85% expense ratio, which is lower than CIHEX's 0.91% expense ratio.
Return for Risk
CIGIX vs. CIHEX — Risk / Return Rank
CIGIX
CIHEX
CIGIX vs. CIHEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos International Growth Fund (CIGIX) and Calamos Hedged Equity Fund (CIHEX). 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.
| CIGIX | CIHEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 1.24 | -0.07 |
Sortino ratioReturn per unit of downside risk | 1.65 | 1.85 | -0.20 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.27 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 2.02 | -0.42 |
Martin ratioReturn relative to average drawdown | 5.99 | 9.02 | -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
| CIGIX | CIHEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 1.24 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 0.78 | -0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.83 | -0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.74 | -0.42 |
Correlation
The correlation between CIGIX and CIHEX is 0.76, 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.
Dividends
CIGIX vs. CIHEX - Dividend Comparison
CIGIX's dividend yield for the trailing twelve months is around 13.12%, more than CIHEX's 0.33% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIGIX Calamos International Growth Fund | 13.12% | 13.49% | 4.54% | 0.28% | 0.00% | 0.33% | 5.42% | 0.00% | 13.25% | 3.76% | 0.00% | 0.13% |
CIHEX Calamos Hedged Equity Fund | 0.33% | 0.33% | 0.46% | 0.69% | 0.73% | 0.44% | 1.03% | 0.99% | 3.16% | 0.85% | 1.29% | 1.69% |
Drawdowns
CIGIX vs. CIHEX - Drawdown Comparison
The maximum CIGIX drawdown since its inception was -64.46%, which is greater than CIHEX's maximum drawdown of -17.80%. Use the drawdown chart below to compare losses from any high point for CIGIX and CIHEX.
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Drawdown Indicators
| CIGIX | CIHEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.46% | -17.80% | -46.66% |
Max Drawdown (1Y)Largest decline over 1 year | -15.88% | -5.82% | -10.06% |
Max Drawdown (5Y)Largest decline over 5 years | -50.15% | -15.77% | -34.38% |
Max Drawdown (10Y)Largest decline over 10 years | -50.15% | -17.80% | -32.35% |
Current DrawdownCurrent decline from peak | -12.46% | -3.29% | -9.17% |
Average DrawdownAverage peak-to-trough decline | -15.40% | -2.34% | -13.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.24% | 1.30% | +2.94% |
Volatility
CIGIX vs. CIHEX - Volatility Comparison
Calamos International Growth Fund (CIGIX) has a higher volatility of 11.48% compared to Calamos Hedged Equity Fund (CIHEX) at 2.66%. This indicates that CIGIX's price experiences larger fluctuations and is considered to be riskier than CIHEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIGIX | CIHEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.48% | 2.66% | +8.82% |
Volatility (6M)Calculated over the trailing 6-month period | 16.93% | 5.01% | +11.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.54% | 9.28% | +13.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.48% | 9.13% | +11.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.58% | 9.38% | +10.20% |