CIHEX vs. HRSTX
Compare and contrast key facts about Calamos Hedged Equity Fund (CIHEX) and Rational Tactical Return Fund (HRSTX).
CIHEX is managed by Calamos. It was launched on Dec 30, 2014. HRSTX is managed by Rational Funds. It was launched on Apr 30, 2007.
Performance
CIHEX vs. HRSTX - Performance Comparison
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CIHEX vs. HRSTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CIHEX Calamos Hedged Equity Fund | -3.54% | 11.36% | 14.96% | 15.88% | -11.11% | 13.31% | 9.66% | 14.47% | 0.87% | 8.37% |
HRSTX Rational Tactical Return Fund | -1.80% | 3.66% | 3.23% | 5.06% | 217.69% | 3.95% | 2.65% | 8.35% | 9.66% | 3.49% |
Returns By Period
In the year-to-date period, CIHEX achieves a -3.54% return, which is significantly lower than HRSTX's -1.80% return. Over the past 10 years, CIHEX has underperformed HRSTX with an annualized return of 7.62%, while HRSTX has yielded a comparatively higher 17.14% annualized 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%
HRSTX
- 1D
- 0.31%
- 1M
- -2.12%
- YTD
- -1.80%
- 6M
- -0.87%
- 1Y
- 1.07%
- 3Y*
- 3.09%
- 5Y*
- 29.21%
- 10Y*
- 17.14%
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CIHEX vs. HRSTX - Expense Ratio Comparison
CIHEX has a 0.91% expense ratio, which is lower than HRSTX's 1.99% expense ratio.
Return for Risk
CIHEX vs. HRSTX — Risk / Return Rank
CIHEX
HRSTX
CIHEX vs. HRSTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Hedged Equity Fund (CIHEX) and Rational Tactical Return Fund (HRSTX). 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 | HRSTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 0.43 | +0.68 |
Sortino ratioReturn per unit of downside risk | 1.66 | 0.53 | +1.14 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.14 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 0.42 | +1.15 |
Martin ratioReturn relative to average drawdown | 7.09 | 3.20 | +3.88 |
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 | HRSTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 0.43 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.30 | +0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.25 | +0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.12 | +0.61 |
Correlation
The correlation between CIHEX and HRSTX is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CIHEX vs. HRSTX - Dividend Comparison
CIHEX's dividend yield for the trailing twelve months is around 0.34%, less than HRSTX's 8.48% 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% |
HRSTX Rational Tactical Return Fund | 8.48% | 6.72% | 4.47% | 5.60% | 2.24% | 3.75% | 2.10% | 3.36% | 1.33% | 5.55% | 13.80% | 4.82% |
Drawdowns
CIHEX vs. HRSTX - Drawdown Comparison
The maximum CIHEX drawdown since its inception was -17.80%, smaller than the maximum HRSTX drawdown of -69.69%. Use the drawdown chart below to compare losses from any high point for CIHEX and HRSTX.
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Drawdown Indicators
| CIHEX | HRSTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.80% | -69.69% | +51.89% |
Max Drawdown (1Y)Largest decline over 1 year | -5.82% | -2.42% | -3.40% |
Max Drawdown (5Y)Largest decline over 5 years | -15.77% | -2.42% | -13.35% |
Max Drawdown (10Y)Largest decline over 10 years | -17.80% | -15.82% | -1.98% |
Current DrawdownCurrent decline from peak | -4.68% | -2.12% | -2.56% |
Average DrawdownAverage peak-to-trough decline | -2.34% | -27.86% | +25.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 0.32% | +0.97% |
Volatility
CIHEX vs. HRSTX - Volatility Comparison
Calamos Hedged Equity Fund (CIHEX) and Rational Tactical Return Fund (HRSTX) have volatilities of 2.12% and 2.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIHEX | HRSTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.12% | 2.12% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 4.79% | 2.26% | +2.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.19% | 2.37% | +6.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.10% | 97.90% | -88.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.36% | 69.53% | -60.17% |