CMNIX vs. CVGRX
Compare and contrast key facts about Calamos Market Neutral Income Fund Institutional Class (CMNIX) and Calamos Growth Fund (CVGRX).
CMNIX is managed by Calamos. It was launched on May 10, 2000. CVGRX is managed by Calamos. It was launched on Sep 4, 1990.
Performance
CMNIX vs. CVGRX - Performance Comparison
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CMNIX vs. CVGRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMNIX Calamos Market Neutral Income Fund Institutional Class | 0.37% | 6.89% | 7.43% | 9.17% | -4.26% | 5.02% | 5.36% | 6.72% | 1.79% | 4.21% |
CVGRX Calamos Growth Fund | -10.05% | 16.08% | 32.32% | 37.64% | -33.33% | 23.06% | 32.97% | 31.11% | -6.14% | 26.58% |
Returns By Period
In the year-to-date period, CMNIX achieves a 0.37% return, which is significantly higher than CVGRX's -10.05% return. Over the past 10 years, CMNIX has underperformed CVGRX with an annualized return of 4.67%, while CVGRX has yielded a comparatively higher 12.57% annualized return.
CMNIX
- 1D
- 0.45%
- 1M
- -0.51%
- YTD
- 0.37%
- 6M
- 1.79%
- 1Y
- 6.09%
- 3Y*
- 6.86%
- 5Y*
- 4.49%
- 10Y*
- 4.67%
CVGRX
- 1D
- 4.19%
- 1M
- -5.84%
- YTD
- -10.05%
- 6M
- -8.90%
- 1Y
- 15.95%
- 3Y*
- 19.12%
- 5Y*
- 8.26%
- 10Y*
- 12.57%
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CMNIX vs. CVGRX - Expense Ratio Comparison
CMNIX has a 0.90% expense ratio, which is lower than CVGRX's 1.28% expense ratio.
Return for Risk
CMNIX vs. CVGRX — Risk / Return Rank
CMNIX
CVGRX
CMNIX vs. CVGRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Market Neutral Income Fund Institutional Class (CMNIX) and Calamos Growth Fund (CVGRX). 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.
| CMNIX | CVGRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.75 | 0.74 | +1.00 |
Sortino ratioReturn per unit of downside risk | 2.61 | 1.23 | +1.39 |
Omega ratioGain probability vs. loss probability | 1.55 | 1.17 | +0.38 |
Calmar ratioReturn relative to maximum drawdown | 2.27 | 1.06 | +1.22 |
Martin ratioReturn relative to average drawdown | 15.50 | 3.97 | +11.52 |
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
| CMNIX | CVGRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 0.74 | +1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.30 | 0.38 | +0.92 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.29 | 0.59 | +0.71 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.49 | -0.13 |
Correlation
The correlation between CMNIX and CVGRX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CMNIX vs. CVGRX - Dividend Comparison
CMNIX's dividend yield for the trailing twelve months is around 1.75%, less than CVGRX's 9.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMNIX Calamos Market Neutral Income Fund Institutional Class | 1.75% | 1.63% | 2.00% | 5.90% | 1.02% | 0.46% | 0.90% | 1.57% | 5.02% | 2.60% | 2.97% | 2.42% |
CVGRX Calamos Growth Fund | 9.80% | 8.81% | 6.66% | 4.48% | 0.00% | 12.17% | 11.25% | 9.71% | 16.86% | 13.75% | 4.12% | 35.24% |
Drawdowns
CMNIX vs. CVGRX - Drawdown Comparison
The maximum CMNIX drawdown since its inception was -35.16%, smaller than the maximum CVGRX drawdown of -61.65%. Use the drawdown chart below to compare losses from any high point for CMNIX and CVGRX.
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Drawdown Indicators
| CMNIX | CVGRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.16% | -61.65% | +26.49% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -16.00% | +13.29% |
Max Drawdown (5Y)Largest decline over 5 years | -7.52% | -37.43% | +29.91% |
Max Drawdown (10Y)Largest decline over 10 years | -8.12% | -37.43% | +29.31% |
Current DrawdownCurrent decline from peak | -0.58% | -12.48% | +11.90% |
Average DrawdownAverage peak-to-trough decline | -7.20% | -11.55% | +4.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 4.25% | -3.85% |
Volatility
CMNIX vs. CVGRX - Volatility Comparison
The current volatility for Calamos Market Neutral Income Fund Institutional Class (CMNIX) is 0.92%, while Calamos Growth Fund (CVGRX) has a volatility of 7.78%. This indicates that CMNIX experiences smaller price fluctuations and is considered to be less risky than CVGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMNIX | CVGRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 7.78% | -6.86% |
Volatility (6M)Calculated over the trailing 6-month period | 1.39% | 13.33% | -11.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.50% | 22.72% | -19.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.47% | 21.87% | -18.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.63% | 21.54% | -17.91% |