CIHEX vs. CTIGX
Compare and contrast key facts about Calamos Hedged Equity Fund (CIHEX) and Calamos Timpani SMID Growth Fund (CTIGX).
CIHEX is managed by Calamos. It was launched on Dec 30, 2014. CTIGX is managed by Calamos. It was launched on Jul 31, 2019.
Performance
CIHEX vs. CTIGX - Performance Comparison
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CIHEX vs. CTIGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CIHEX Calamos Hedged Equity Fund | -3.54% | 11.36% | 14.96% | 15.88% | -11.11% | 13.31% | 9.66% | 4.74% |
CTIGX Calamos Timpani SMID Growth Fund | -5.11% | 21.21% | 44.09% | 12.26% | -34.88% | 7.64% | 58.94% | -3.80% |
Returns By Period
In the year-to-date period, CIHEX achieves a -3.54% return, which is significantly higher than CTIGX's -5.11% return.
CIHEX
- 1D
- -0.16%
- 1M
- -3.74%
- YTD
- -3.54%
- 6M
- -1.87%
- 1Y
- 9.82%
- 3Y*
- 11.06%
- 5Y*
- 6.85%
- 10Y*
- 7.62%
CTIGX
- 1D
- -3.45%
- 1M
- -9.97%
- YTD
- -5.11%
- 6M
- -0.49%
- 1Y
- 31.37%
- 3Y*
- 20.88%
- 5Y*
- 4.28%
- 10Y*
- —
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CIHEX vs. CTIGX - Expense Ratio Comparison
CIHEX has a 0.91% expense ratio, which is lower than CTIGX's 1.10% expense ratio.
Return for Risk
CIHEX vs. CTIGX — Risk / Return Rank
CIHEX
CTIGX
CIHEX vs. CTIGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Hedged Equity Fund (CIHEX) and Calamos Timpani SMID Growth Fund (CTIGX). 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.
| CIHEX | CTIGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 1.17 | -0.06 |
Sortino ratioReturn per unit of downside risk | 1.66 | 1.68 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.22 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 2.60 | -1.04 |
Martin ratioReturn relative to average drawdown | 7.09 | 9.43 | -2.35 |
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
| CIHEX | CTIGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 1.17 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.16 | +0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.38 | +0.35 |
Correlation
The correlation between CIHEX and CTIGX is 0.77, 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
CIHEX vs. CTIGX - Dividend Comparison
CIHEX's dividend yield for the trailing twelve months is around 0.34%, less than CTIGX's 4.84% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIHEX Calamos Hedged Equity Fund | 0.34% | 0.33% | 0.46% | 0.69% | 0.73% | 0.44% | 1.03% | 0.99% | 3.16% | 0.85% | 1.29% | 1.69% |
CTIGX Calamos Timpani SMID Growth Fund | 4.84% | 4.59% | 2.80% | 0.00% | 0.00% | 11.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CIHEX vs. CTIGX - Drawdown Comparison
The maximum CIHEX drawdown since its inception was -17.80%, smaller than the maximum CTIGX drawdown of -46.26%. Use the drawdown chart below to compare losses from any high point for CIHEX and CTIGX.
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Drawdown Indicators
| CIHEX | CTIGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.80% | -46.26% | +28.46% |
Max Drawdown (1Y)Largest decline over 1 year | -5.82% | -11.56% | +5.74% |
Max Drawdown (5Y)Largest decline over 5 years | -15.77% | -46.26% | +30.49% |
Max Drawdown (10Y)Largest decline over 10 years | -17.80% | — | — |
Current DrawdownCurrent decline from peak | -4.68% | -11.56% | +6.88% |
Average DrawdownAverage peak-to-trough decline | -2.34% | -19.06% | +16.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 3.19% | -1.90% |
Volatility
CIHEX vs. CTIGX - Volatility Comparison
The current volatility for Calamos Hedged Equity Fund (CIHEX) is 2.12%, while Calamos Timpani SMID Growth Fund (CTIGX) has a volatility of 11.44%. This indicates that CIHEX experiences smaller price fluctuations and is considered to be less risky than CTIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIHEX | CTIGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.12% | 11.44% | -9.32% |
Volatility (6M)Calculated over the trailing 6-month period | 4.79% | 20.05% | -15.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.19% | 28.24% | -19.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.10% | 26.74% | -17.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.36% | 29.03% | -19.67% |