CIHEX vs. GTEYX
Compare and contrast key facts about Calamos Hedged Equity Fund (CIHEX) and Gateway Fund Class Y Shares (GTEYX).
CIHEX is managed by Calamos. It was launched on Dec 30, 2014. GTEYX is managed by Natixis.
Performance
CIHEX vs. GTEYX - Performance Comparison
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CIHEX vs. GTEYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
GTEYX Gateway Fund Class Y Shares | -3.04% | 10.28% | 15.82% | 14.70% | -11.84% | 11.49% | 7.19% | 11.12% | -4.17% | 9.93% |
Returns By Period
In the year-to-date period, CIHEX achieves a -2.14% return, which is significantly higher than GTEYX's -3.04% return. Over the past 10 years, CIHEX has outperformed GTEYX with an annualized return of 7.78%, while GTEYX has yielded a comparatively lower 6.38% annualized return.
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%
GTEYX
- 1D
- 1.71%
- 1M
- -3.62%
- YTD
- -3.04%
- 6M
- -0.59%
- 1Y
- 9.81%
- 3Y*
- 10.54%
- 5Y*
- 6.10%
- 10Y*
- 6.38%
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CIHEX vs. GTEYX - Expense Ratio Comparison
CIHEX has a 0.91% expense ratio, which is higher than GTEYX's 0.70% expense ratio.
Return for Risk
CIHEX vs. GTEYX — Risk / Return Rank
CIHEX
GTEYX
CIHEX vs. GTEYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Hedged Equity Fund (CIHEX) and Gateway Fund Class Y Shares (GTEYX). 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 | GTEYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 0.98 | +0.25 |
Sortino ratioReturn per unit of downside risk | 1.85 | 1.61 | +0.24 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.24 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.02 | 0.41 | +1.61 |
Martin ratioReturn relative to average drawdown | 9.02 | 1.55 | +7.47 |
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 | GTEYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 0.98 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.67 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.73 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.66 | +0.08 |
Correlation
The correlation between CIHEX and GTEYX 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.
Dividends
CIHEX vs. GTEYX - Dividend Comparison
CIHEX's dividend yield for the trailing twelve months is around 0.33%, less than GTEYX's 0.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
GTEYX Gateway Fund Class Y Shares | 0.38% | 0.39% | 0.65% | 0.90% | 0.89% | 0.66% | 1.06% | 1.32% | 1.41% | 1.24% | 1.60% | 2.09% |
Drawdowns
CIHEX vs. GTEYX - Drawdown Comparison
The maximum CIHEX drawdown since its inception was -17.80%, which is greater than GTEYX's maximum drawdown of -16.58%. Use the drawdown chart below to compare losses from any high point for CIHEX and GTEYX.
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Drawdown Indicators
| CIHEX | GTEYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.80% | -16.58% | -1.22% |
Max Drawdown (1Y)Largest decline over 1 year | -5.82% | -7.04% | +1.22% |
Max Drawdown (5Y)Largest decline over 5 years | -15.77% | -16.25% | +0.48% |
Max Drawdown (10Y)Largest decline over 10 years | -17.80% | -16.25% | -1.55% |
Current DrawdownCurrent decline from peak | -3.29% | -4.37% | +1.08% |
Average DrawdownAverage peak-to-trough decline | -2.34% | -2.08% | -0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 3.00% | -1.70% |
Volatility
CIHEX vs. GTEYX - Volatility Comparison
The current volatility for Calamos Hedged Equity Fund (CIHEX) is 2.66%, while Gateway Fund Class Y Shares (GTEYX) has a volatility of 2.99%. This indicates that CIHEX experiences smaller price fluctuations and is considered to be less risky than GTEYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIHEX | GTEYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 2.99% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 5.01% | 5.86% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.28% | 12.50% | -3.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.13% | 9.56% | -0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.38% | 8.87% | +0.51% |